and jeffrey gundlach said a rise above 3.22% on the 30-year yield would end the bond bull market for good that's 30 basis points away from where we are now gundlach explained that the fed's tightening would leave the s&p 500 in negative territory for 2018 >>> bill miller takes a different view he told cnbc if the ten-year yield continues to climb higher it will help stocks. >> i think that is still to come if we'll get that, it will be driven by -- you mentioned earlier ten-year yields. those go through 2.60 and head towards 3, i think we could have the melt up we had in 2013 the market was up 30%. >>> joining us to discuss this and many more things is ben weidman. thank you for joining us it seems all the chatter is about ten-year treasuries and breaking through the key 2.5% mark do you think the selloff in bonds has legs, and if so does it make you nervous about the equity outlook from here >> the key challenge this year is the bond market and where u.s. interest rates go this is short-term volatility here, but there's a clear turn d turnaround when you look at oil prices, gold pric

you've got jeffrey gundlach calling as the market in u.s. treasuries breaks.e called 3%. 12 months on, he's back with his bearish growth. view.job is to have a bill gross' view is that the longer term trend is breaking higher. to that end, you are going to see a move. you are just seeing a repercussion. go to the mliv blog. there's a conversation about the amount of supply. they are doing nothing in the u.s. to really help the u.k. supply along with the u.s. supply. at 1.60.e down let's get your first word news. juliette saly standing by. juliette: the children of undocumented immigrants facing deportation from the country have won a court order temporarily blocking the decision to end the so-called dreamer program in march. a judge in san francisco rejected the argument that the courts don't have the authority to second-guess whether the president improperly decided to terminate the program. former white house chief strategist steve bannon has left his job as executive chairman of breitbart news. he will also no longer host a radio show at sirius xm after feu

jeffrey gundlach's top dog is going to give you his portfolio building next. . . . .infrastructure is big push for this year. time to build infrastructure in your portfolio. we put up warning sign. this isn't specifically equity stocks, correct. talk about how you plan to make money off the infrastructure plan. >> a lot of people when you talk about infrastructure, they talk about equity. we're looking at infrastructure debt. this is newer asset class. governments or banking institutions would finance this asset. because of regulation and overburdened debt at government level. seeing infrastructure getting pushed into the private debt market. liz: private debt market is not individual stock name. like we showed, ak steel. how do you put investors into the money in anticipation of what could very well be a 1 1/2 trillion dollar plan? >> sure. yeah, i mean we're looking at a number of different second sectors in the space. energy and renewable energy is a big component. what we're looking for is, as president trump said last night, $1.5 trillion proposal for infrastruct

. >> and jeffrey gundlach talked about this and was spot on you'll be looking for an opportunity in annvironment where you believe growth will continue to be stable. >> there you go, the gough political stu -- geopolitical stuff the guys wrote on the board. >> weather working for you and demand and opec playing nice and so forth you've got a perfect storm for energy right now. >> paper asset demand and that's the singular component of this that has been missing from the energy story over the last year, and i think it continues. >> doc, what have you got for us >> judge, take a look at this up texas instruments, txm they come scrambling in, there's the stock. >> all-time high today. >> nice, and a lot of the stocks in whether they are chip or otherwise in the tech space that supply things inside of boxes. texas instruments does that. they came scrambling in and they are buying calls january expiration i scrambled in and bought them with them. they bought about 4,500. that's 450,000 share eke vent, like that, and the 105 strike. i'm in these and will be in them a week to ten days quick u

jeffrey gundlach said last week that his firmest conviction is buying commodities.f you don't want to buy commodities directly, energy companies benefit from falling dollar, as dollar false, oil gets more expensive. neil: we have a whole generation of people who don't recall double-digit inflation and don't recall fed fund much beyond a point or two. >> sure. neil: you and i know the historical norm for fed fund would be 5%, substantially north of where we are now. just to get back to historical means that would be a jolt for a lot of pima that would be a huge jolt. no one is predicting even that. people predicting three plus are a little worried be, blue to get to five or six would be. biggest one i mentioned to you before is probably technology and this idea we no longer need to deal with atoms. we need to deal with bits which are free, these platform companies. you don't need to buy or rent a storefront. sell your stuff online. those are massive deflationary forces we have to sort out and i think will keep a lid on bond yields. neil: fingers crossed, whatever the