self menus an at airports, you are going to need more of those because people want more distancing itron is smart meeters for gas and electricity and water. so these are good, solid companies with low price to sales ratios, very good profits and a lot of room to raise dividends or initiate dividends so when i try to look at the market and especially equity market, i said what do you want to do? would you rather own a dow jones 30 companies for the next 30 years yielding almost 3% or 30-year u.s. government bond yielding 1.25% >> that's perfect -- >> doesn't take a genius to figure this out. >> michael, as the global fixed income guy, how do you make the pitch for fixed income >> the pitch is that the results of what happened in march has created lots of dislocations and credit markets so absolutely u.s. treasuries are providing no income and close surrogates to that also providing very low yield and very little income so that's not going to be a place to invest, to create wealth or generate income over time. the state of 10-year treasury as a policy instrument of the fed, the rates drive