david stubbs of jp morgan saying by the bond move, and lisa shalett turning around and saying that is a religion of the growth difficulties still do come. as you get that change and it develops even further, the nature of save -- of selloff in the equity market, that changes too. tom: this is about your belief construct. the call it a set up. you have a set up as a belief of educating -- of executing a trade. but the real issue is you have to have a belief system of which to invest in. that is really what is being asked in here. jonathan: i think we've been tested more than once. you get comfortable with an idea, and then this market punches you in the face. yields lower by three basis points on the 10 year. futures positive 0.9%. i wasn't talking about maria. [laughter] she did the same thing, i'm sure. this is bloomberg. ritika: keeping you up to date with news from around the world, with the first word, i'm ritika gupta. president biden will highlight efforts to stem inflation today at a time when soaring prices certain democrats -- threatened democrats' slim chances of holding ont