rieder and erin gibbs. thank you both for being here today. rick, you have about $680 billion in assets under management that you oversee. there are so many people who looking for yield in a low interest rate environment right now. what do you tell them? >> it's hard. we live in a world of slow global growth. rates are going to stay low for a long time. i think what people are challenged by is a wait until you get a higher rate environment. what do you do? you have to be tactical about where you find opportunities. the high yield market has widened out and become attractive again. attractive when you get to 6%, which on a historic basis doesn't seem great. >> do you worry about investors reaching for yield or kind of throwing things out of whack because so many people are stretching so far? >> i do. part of why we've been adamant about policy is we're not in emergency conditions anymore. it's extraordinarily low interest rates. cash at zero means people need to look and extend to other things. i don't think it's a crisis today. i think it crea

joining us is rick reider, chief investment officer of fundamental fixed income at blackrock and erin gibbs. thank you both for being here today. rick, you have about $680 billion in assets in under management you oversee. there are so many people are who are looking for glee ing for yi interest rate environment. what do you tell them? >> we live a world of slow global growth and monetary policy around the world so rates are going to stay low for a long time. i think what people are challenged by is wait until you get a higher rate environment. the problem is rates will stay low we think for a long period of time. so you have to be tactical about where you find opportunities. parts of the emerging markets today are interesting. the high yield market has become attractive again and attractive being when you get to 6% which on a historic basis doesn't seem great but that's the world we'll live in for a long time as long as we're in this paradigm. >> do you worry about investors reaching for yield or are they throwing things out of whack because so many people are stretching so far? >> i do. p

hey, you know, erin gibbs, playing hurt. give her a shoutout. that's yoman's work. >> yeah. . i think we'll keep it nonverbal. guy, we're going to keep you around to the next block, okay? >> right on. >> s&p 500 is soaring and fund managers are badly underperforming. should you be investing in index funds? that's next. plus, where do you think you get the most bang for your buck, hedge funds, mutual funds or s&p 500? you can voice your opinion. and your blood is going to boil when you hear how much of the tax dollars spent on starbucks coffee and gym memberships for government workers. details coming up. you know how fast you were going? about 55. where you headed at such an appropriate speed? across the country to enhance the nation's most reliable 4g lte network. how's it working for ya? better than ever. how'd you do it? added cell sites. increased capacity. and your point is... so you can download music, games, and directions for the road when you need them. who's this guy? oh that's charlie. you ever put pepper spray on your burrito? i like it spicy but not like uggggh s

. >> erin gibbs, do you ride a harley? >> no. i don't. >> do you ride a harley with yoga pants?don i'm not going to ask you. >> please don't. >> transparent yoga pants. >> anybody say the valuation is stretched? be sure to check out the online edition of "talking numbers." >>> low mortgage rates are great. but they are leading to another round of refis and maybe one other dangerous trend. the question is this. have we seen the movie before? >> our next guest says your house is not a credit card. we will be chatting with her. bethany is coming up next. [ male announcer ] your love for trading never stops. so open an account with schwab. and when a market move affects, say, a cloud computing stock you're holding, we can help you decide what to do. with tools that help you see how market activity is affecting your positions. so when the time comes to decide whether to scale in or scale out... you can make your move, wherever you are. and start working on your next big idea. ♪ and start working on your next big idea. this guy could take down your entire company.h? stay with me. on t