jan hatzius at goldman sachs. how did the no tie thing start? tom: it was jan hatzius's fault.say when jan showed up to do this, 3500 people died, and we were looking for any light moment, and there was with jan hatzius. jonathan: do you think when the face-to-face client meetings restart, these come back? tom: what do you think? that and other traditions as well. jonathan: i wonder what happens to the handshake? do you think the handshake comes back. tom: i am handshaking still. jonathan: i will go with the elbow. tom: can you see me doing this? jonathan: i do not see you doing that. you are too high up your tom: we have a poll going worldwide. jonathan: is as if nothing is happening in the market. it is. we are down 1.22%. tom: a little bit better. jonathan: session lows were down more than 2%. 1.6093 on 10's. we do it all over again tomorrow. isn't that exciting? tony dwyer joining us later on bloomberg television. alongside tom keene i'm jonathan ferro. nasdaq futures down. this is bloomberg. ritika: with the first word news, i'm ritika gupta. president biden says russia ha

tom: we certainly heard that from jan hatzius yesterday. i look at what wages will do.s the phrase from ancient history. "the cost push inflation." i do not observe that anywhere. are we going to redux the 1960's where we have to whip inflation now? jason: we just saw that in april wages were up about .7%, depending on how you look the number. pricing up by that same amount. we do not want to read too much into any one data point, but unless people start heading back to work in bigger numbers, we will have concerns. that should happen no later than september, when unemployment insurance expires. it needs to happen. jonathan: jason furman, thank you so much. harvard university and the peterson institute as well. on the bond market, i thought jon ferro was dead on about 1.64%, rounded up 1.65%. a three basis point move. it seems contained. ira jersey is our expert on bloomberg indulgence on the dynamics of full faith and credit. jason, what does it say no that the 10 year seem somewhat -- what does it signal -- ira, what does it signal that the 10 year seem somewhat conta