all right for now, jonathan had, _ very angry. all right for now, jonathan had, thank- very angry.ight for now, jonathan had, thank you - very angry. all right for now, | jonathan had, thank you very jonathan had, thank you very much indeed for the latest in what is happening there. the international community is beginning to give its reaction to events in myanmar. in a statement, the white house condemned what had happened and gave this warning: the united states opposes any attempt to alter the outcome of recent elections or impede myanmar�*s democratic transition, and will take action against those responsible if these steps are not reversed. australia's foreign affairs minister, marise payne, said:. thailand is taking a very different approach. the country's deputy prime minister telling reporters it's their internal affairs. and dil mohammed, a leader of the rohingya community told the reuters news agency: tom andrews, the un special rapporteur on the situation of human rights in myanmar, spoke with my colleague lewis vaughanjones earlier, labelling the situation as an assault

jonathan had reporting. —— head.olitical prisoner for almost seven years and has since dedicated her life to promoting peace and defending human rights. thank you so much forjoining us. what are your fears for myanmar at the moment? thank ou for myanmar at the moment? thank you for having — myanmar at the moment? thank you for having i _ myanmar at the moment? thank you for having i me. _ myanmar at the moment? thank you for having i me. fear- myanmar at the moment? thank you for having i me. fear and - you for having i me. fear and am worried for the future of the country at this point and at the moment, i am very worried for the people in me and mark, especially for activists and civil society leaders and politicians. —— myanmar. right now, the whole country is talking about the release of the elected leaders and parliamentarians and politicians who have been detained.— politicians who have been detained. ., ., ., , ., detained. you are a member of the rohingya — detained. you are a member of the rohingya minority,

jonathan has had back problems for quite a while he tried out many different therapies and found a lot of misleading information but he got help from an orthopedic doctor a physical therapist and a biomechanics expert your hands turn your head so. one widespread myth is that only older people suffer from back problems. in the past it was always taught that people under the age of 21 couldn't have a slipped disc today my youngest patients are 13 or 14 if it's jonathan was very fit and did plenty of sports. until the back pain started. his 1st thought was to simply rest his back but exercising less is not a good solution long term. exercise is a great healer and the days just said you need to go to bed for 2 weeks with a cushion under your knees and not move are long gone and the results were disastrous for your cutters to follow if you receive a perk. if you can walk without pain it's recommended you take several short walks a day. initially jonathan was prescribed painkillers that's ok for a while but they're not a long term solution what's important is exercise but what kind of exerci

jonathan: i've had it a few times. tom: home depot just raised their dividend 10%. ve never been in a home depot, but it is up 10%. that's way above nominal gdp. jonathan: let's see what the next 12 months looks like. if you reopen, are you going to stay at home and do the deck in the backyard? tom: kennel fee is destroying the foundation, so i've got to replace that. jonathan: i will take a look after work. [laughter] this is bloomberg. karina: with the first word news, i'm karina mitchell. the investigation into the riot at the u.s. capitol takes a turn today. authorities will question law enforcement officials about the violence on january 6. three of those have already resigned their post. meanwhile, donald's allies have -- donald trump's allies have downplayed his role in the riot. it was a little more than a year ago that the coronavirus made its way to the u.s. since then, half a million americans have died from the disease. the u.s. has recorded more deaths than any other country. the next closest, brazil, has fewer than half as many. rates have fallen since

that this had been building for so long that we were -- we were due to reach a boiling point which we of course did. jonathan: and senator mcconnell had some of his strongest words against donald trump and what he was saying about the election before the riot when he -- when he went on the senate floor and talked about how we have to finally acknowledge that this election is done. and that joe biden is the -- is the president-elected. he has also told his republican colleagues that this is a vote of conscience this vote on impeachment. but 44 republican senators have voted to end the trial. they did it twice. they did it before the trial even started. and most of them all as we have discussed, seemed poised to voteot guilty again. so rachel bade you wrote something very interesting and ovocative this morning saying effectively it's not impossible that mitch mcconnell could surprise everybody. he hasn't ruled out voting guilty. i think most people would be shocked if he did. but you're saying there's a chance? rachel b.: well, look, if i'm a betting person, if you're a betting person, i definitely wouldn't pu

been on retail. -- no, if it had been on retail. jonathan: we had that conversation. my snobbery is them saying that it can't be retail because it was too smart. that's what i'm pushing back on. tom: you mentioned skin in the game, i can't say enough about the book "anti-fragile," explaining so much about what we have seen over the last several days. jonathan: good morning. equities up, this is bloomberg. jonathan: things are stacking up quite nicely over the past couple of days. on the stimulus front, talks are still continuing. even without republican help, president biden seems to want to get this done. earnings, alphabet, amazon, tick. the previous two days, up 3%, a two day pop on the s&p. we have the cyclicals, the small caps. this morning, you don't get that. underperforming on the russell. switch up the board, and let's get some story on the bond markets. i will do it quickly. tom: take your time. jonathan: how long have i got? tom: i'm thinking an hour, but cut it back 40 minutes. jonathan: i'm going to let it breathe. bond market i

but radio -- jonathan: i had no idea where it was going. [laughter] lisa: never mind. than: are you ok this morning? are you all right? both of you. i have no idea what is going on. tom: let's run this through. lisa, you are living this right now. in new york city, for radio and tv, you need an ice rink. we have an ice rink in central park. there is this uproar over the ice rink's. lisa: what happened is they were going to close them early. there's nothing you can do in the city during a pandemic. when you've got kids, you try to get them out of the house. who is that? tom: that is afterthought. the gentleman dropping the puck is one of our great employees at bloomberg. jonathan: i've been there with you, tom come on a saturday morning. you refused to put on the skates. tom: the coffee was seven dollars a cup. jonathan: is that how much it was? lisa is fired up about an ice rink. it is coming up in different ways this morning. i'm jonathan ferro. can we stop there, please? [laughter] coming up, the rockefeller foundation managing director of pandemic response preparedne

jonathan has had back problems for quite a while he tried out many different therapies and found a lot of misleading information but he got help from an orthopedic doctor a physical therapist and a biomechanics experts are here just. one widespread myth is that only older people suffer from back problems. yeah there are those. in the past it was always taught that people under the age of 21 couldn't have a slipped disc today my youngest patients are 13 or 14 if it's jonathan was very fit and did plenty of sports until the back pain started. his 1st thought was to simply rest his back but exercising less is not a good solution long term. exercise is a great healer and the days just said you need to go to bed for 2 weeks with a cushion under your knees and not move are long gone and the results were disastrous for your cutters to follow accuracy broke. if you can walk without pain it's recommended you take several short walks a day. initially jonathan was prescribed painkillers that's ok for a while but they're not a long term solution what's important is exercise but what kind of exerci

jonathan: we had a massive move in the last 24 hours. i think the headline this morning early tells you about how -- how bad things have been. we had a 30 year issue from germany, just above 0%, and it has been about a year. tom: we welcome all of you on our simulcast on bloomberg radio, and television. good morning to you across these three hours. jon, i don't know, bitcoin well above $50,000. jonathan: i don't think he has changed his views. the professor is joining us shortly. outside of treasuries, it has been a buy everything rally. you mentioned that bond auction, 110 billion. tom: lisa, is this bond surge, is it the kind of thing we saw in 2006, 2007? lisa: the interesting thing we have been talking about throughout the morning, there is this irony baked into the markets right now. what is safe and what is risky, given the fact that you have the safest of instruments, securities, losing value rapidly while the riskier debt and assets continue to fly high. tom: jon, i've got the vicks 21.18, dow futures are fractionally higher. i'm

jonathan has had back problems for quite a while he tried out many different therapies and found a lot of misleading information but he got help from an orthopedic doctor a physical therapist and a biomechanics expert or else. one widespread myth is that only older people suffer from back problems here are good for them in the past it was always taught that people under the age of 21 couldn't have a slipped disc today my youngest patients are 13 or 14 if it's jonathan was very fit and did plenty of sports until the back pain started. his 1st thought was to simply rest his back but exercising less is not a good solution long term. if he exercises the great healer and the days just said you need to go to bed for 2 weeks with a cushion under your knees and not move are long gone and the results were disastrous covers for fall if you are sick broke. if you can walk without pain it's recommended you take several short walks a day. initially jonathan was prescribed painkillers that's ok for a while but they're not a long term solution what's important is exercise but what kind of exercise is

here is jonathan had again.hey they did before the 2010 election when she didn't want to try to run for office. �* . . �* office. and charge her then. after an american _ office. and charge her then. after an american man _ office. and charge her then. after an american man had _ office. and charge her then. after an american man had swam - office. and charge her then. afterl an american man had swam across office. and charge her then. after i an american man had swam across a link to our home was she was then being held under house arrest. they managed to get her on breaking house arrest for the top they jailed managed to get her on breaking house arrest for the top theyjailed her, kept her in her home for 18 months and had sentence finishes after the election took place. the military is also targeting myanmar�*s now ousted president win myint. he's been charged with violating laws that ban gatherings during the covid pandemic. and just as with aung san suu kyi — a guilty verdict could mean he's barred from run

jonathan had sent us this report.it was the military decision to rush the trial on flimsy charges that brought out the crowds today. there were civil servants here. teachers and bankers. part of a movement which aims to cripple the new regime by withdrawing their labor. here they sat down at the spot where a young woman was shot in the head by police last week and chanted prayers for her. the day began with a breakdown protest, drivers leaving their cars in the road to block anyone trying to get to work and any police or army vehicles too. so people came into the city on foot to protest. these are members of the seamen's union, burmese mariners work on ships all over the world. with no traffic they had the city centre to themselves. there were few signs of themselves. there were few signs of the security forces hair. and they filled the streets. they sang old songs of resistance. from a previous era, that they thought they put behind them. the military has promised to be patient in the face of this powerful challenge

jonathan: i had a really good conversation on "the open" yesterday as well.in, you are getting good. [laughter] kevin cirilli, washington correspondent and the host of "sound on" on bloomberg radio, weekdays at 5:00 p.m. bank of america merrill lynch publishing on crude. just a little bit of capitulation. they've lifted their forecast from $60, saying that oil will likely find a top at $70 this year. just a little more capitulation on the sell side around the commodity market. tom: it is a rationalization here. you see it in the bond market as well. what i would point out is rationalization in fixed income is very different than the day after day equity blather that we talk about. it is really interesting to see yield up, price down, and how everyone is rationalizing that. jonathan: it was interesting to hear from mike wilson of morgan stanley on this program talk about how comfortable he still was with his 3900 year end price target, because his call ultimately is not about the index. it is about the churn starting to do really nicely through 2021. tom: ben

jonathan: we had verbal intervention. what is the actual intervention look like? they will use the picture to put firepower behind their words. there's always question about how much you can actually generate things without doing it, but you have to show them the bazooka and the willingness to use it. lagarde tried that on monday. broadly speaking, now philip lane is coming out with something more robust, and i am sitting here looking at the text where he says they would use the pepp in order to prevent any tightening of financial conditions that is inconsistent with the downward impact of the pandemic on the path of inflation. very clear words from philip lane here. lisa: this is kind of sacrilegious, but taking a step back, our interest rates where they are, or perhaps lower than where they are now, are those stimulative? does it lead to more inflation? erik: stimulative, i think. there's little doubt about that. but it is the debates that we who are in europe in the camp of go big, the pushback from the other camp is you forget to say that it is stimulative. ye

jonathan has had back problems for quite a while he tried out many different therapies and found a lot of misleading information but he got help from an orthopedic doctor a physical therapist and a biomechanics expert your hands turn your head so. one widespread myth is that only older people suffer from back problems. for in the past it was always taught that people under the age of 21 couldn't have a slipped disc today my youngest patients are 13 or 14 if it's jonathan was very fit and did plenty of sports until the back pain started. his 1st thought was to simply rest his back but exercising less is not a good solution long term. exercise is a great healer and the days do said you need to go to bed for 2 weeks with a cushion under your knees and not move are long gone and the results were disastrous covers for fall if you are sick broke. if you can walk without pain it's recommended you take several short walks a day. initially jonathan was prescribed painkillers that's ok for a while but they're not a long term solution what's important is exercise but what kind of exercise is best

judy: meantime jonathan, you had former president trump coming out this week, appearing on three different still talking about how the election was stolen, attacking mitch mcconnell. is mcconnell hurt by this? i am asking how lasting is this damage the former president is still trying to level? jonathan: in a battle between senate minority leader mitch mcconnell and donald trump, i would put my money on mitch mcconnell. senator mcconnell is worried about two things, one of which he has succeeded. judges was the first one. the most iortant thing is power. he lost the senate majority, primarily because of what then president trump did that allowed those two georgia ats to flip to the two democrats, warnock and ossoff. also, senator mcconnell wants that majority back. that is why i think we saw him on the one hand vote for the acquittal of donald trump, but then, after that vote, excoriate donald trump, lay the blame right at his feet. in doing that, what i think mitch mcconnell is doing is creating an environment for his caucus and republicans running for the senate in 2022, 2024, giving the

where unfortunately the land was held for quite a bit of time because the market downturn and as jonathan had mentioned this particular site because of its large size presents an opportunity but also challenges with securing financing but pngc has delivered many affordable housing projects across the city and we are confident in their ability to close on this project. securing of the state financing is a key component here to moving forward. and i know that pngc and curtis is also available here if you want to talk, if you want to ask them to their capacity but i think we are confident that pngc can deliver. >>ahsha safai: i just think that unhappy we are here, we went through a similar process with two of the larger affordable housing projects in my district. they went through the competitive process and i know this wasthe first time that happened in the last, forever. that's good and it shows there's confidence at the state level from outside parties reviewing it . the thing that doesn't sit well with me is that it's not a policy to lend banks your continuing to allow40 percent of the origi

jonathan: for my benefit or for the rest of the audience? lisa: i felt i had to say that. eed to get the economy reopened and lisa's kids back to school. running us now i'm pleased to say is congresswoman ashley hinson from iowa. i know you used to be a newswoman so i will not play any tricks. how do we get the kids of this country back to school? rep. hinson: thank you so much for having me. it is essential for kids to get back in school. my kids in iowa are about to get ready to get up and eat breakfast and get on the bus, because i was schools are open. about one third of students across the country are only learning from behind screens. science shows kids can be back to school safely. a billion dollars of money has been allocated to get schools reopened. we need accountability on this money to make sure teachers get safely back in the classroom and kids get back they are falling behind. mental health challenges are growing immensely. the number of emergency room visits for our young people is increasing and that is troubling. we can get kids back to school with the mone

jonathan has had back problems for quite a while he tried out many different therapies and found a lot of misleading information but he got help from an orthopedic doctor a physical therapist and a biomechanics expert your hands turn your head on this. one widespread myth is that only older people suffer from back problems. they're good for in the past it was always taught that people under the age of 21 couldn't have a slipped disc today my youngest patients are 1314 if it's jonathan was very fit and it plenty of sports until the back pain started. his 1st thought was to simply rest his back but exercising less is not a good solution long term. exercise is a great healer and the days just said you need to go to bed for 2 weeks with a cushion under your knees and not move are long gone the results were just. astra's covers for follicular seabrooke. if you can walk without pain it's recommended you take several short walks a day. initially jonathan was prescribed painkillers that's ok for a while but they're not a long term solution what's important is exercise but what kind of exercise

keenan nice passed from jonathan commingle. their green had 11 in this one. and jeremy lin. he's trying to make a comeback in the nba goes the distance there pillar to post yet 18 trying to resurrect his career and santa cruz chipping away at an early deficit. nico manion, with the warriors getting some playing time he had 17. they're down only 5 to 15 left. but then they get a dose of old man river. it's jared jack and 37th oldest guy in the. court hit the jumper and let everybody with 23 points and you're gonna see commingle again, looking like the kimble motome boohoo has jordan pool tries to go in the bucket? the warrior guard is denied to say the least. walnut creek wins the first game ever 109104 over santa cruz, the usf dodds, where have they been haven't played in 2.5 weeks. no fault of their own. they've had three games. postponed because of covid considerations back at it against pepper died tonight, and they didn't fare well. first half tom goldman's team looking good. barry bouvier with a nice steal, and on the other end, rewarded with a dunk. they were up by as

jonathan: the question is whether the fed should respond? drew: let's hope not. you had mentioned it was a real yield move. if you wanted to be an inflation move, try extending purchases or increasing purchases because people are worried about the inflation story but that is not the reason for the move. they will worry is if the fed worries and buys more. you raise shields in the front and in if you talk about the leverage story that would be wait to go in the current environment but they won't do that. lisa: let's talk about technicals to understand how prone this market is to disruption akin to what we saw yesterday. what were the technical underpinnings of yesterday's disruption? drew: your talk of hedging and positioning themselves. you have an emerging story of increasing supply at the fed and everyone at the treasury has seen coming and one of the reasons white people are looking at this large stimulus package moving through the congress. that will mean things. you have the treasury secretary talking about longer dated securities way back when, which wasn't the cau

kick up wednesday and into saturday of this upcoming week fortunately, though just seen and jonathan we have had some weak storms adding some moisture so reducing that fuel level but we're still going to have to keep an eye on those winds just because with the spring-like temperatures above average daytime highs really drying out all of the recent brain whether benefits that we've gotten so fingers crossed for that, but it looks like we're going to get a bit of a march miracle with some showers to start out march in the 1010 outlook coming up. in the next half hour so stay tuned for that. >>fingers crossed. all right, thanks for >>so tonight breaking down double masking have been doing it. why some health experts say it's significantly more effective than wearing just a single desk. >>we wanted use the power public art. to send the message and in a fun way. that could be recognized. >>also how new murals around san francisco reminding people to stay safe during the pandemic you will hear from the artist about the 3 icons that he paint >>so what does steph curry janis joplin and jerry garcia all

another top prospect, jonathan coming the had himself a game he goes coast to coast. for the dunk. now you recognize this guy this jordan poole in place for the warriors as well. he was up and down today, but he got the bucket there. now nico mannion like pool did not shoot well. 6 for 18 3 of 9, 4, foot from 3. but he did enough to score 17 points, including that layup this was the play of the game. coming to a half-court bounce pass to jalen green for the dunk. green had 11 points 9 in the 2nd half we started off a bit slow ignite with the lead late coming to those to work again spin move finish through contact and he made the foul shot he finished with 19 points. very impressive seconds left ignite up for an more coming good. he stuffed jordan poole at the rim to seal the game. showing he has talent on both ends and that's why he's projected as a top-five pick in next year's draft ignite when one o 9, one '04 former warrior jarrett jack led the way with 23 points. jeremy lin had 18 for santa cruz. >>there was definitely butterflies at the beginning of the game but you know these

jonathan: i wish we had a phone and a camera like five years ago.n tom keene found out the weekend is performing -- tom: i love his team effort for you can tell he goes into the studio and there are no egos, nothing, it is him in 10 people putting it together. lisa: just like surveillance. jonathan: just like surveillance. [laughter] tom: can i say something? can we get back on script? steve ratner killing it with joe and mika. if you make more money, you don't spend the stimulus check. it is like this, killing that idea. jonathan: well, that is the issue. if it is stimulus, what are you stimulating an economy that is still shut down, tom? where does the money go? tom: gamestop. i don't know. jonathan: what has tom ever said let's get back on script? when did this start? lisa: this is fantastic i will keep on script, i think it is interesting that they said the idea is people are using the money to pay down debt deferred. that idea has not been discussed as much as others. jonathan: good point, lisa, as always. lisa: t weichert i can't handle this s

jonathan: i would say look out for the banks this morning. the financials hadgood ride, and the yield curve is moving in their favor even more so. tom: and eve got green across the screen. even nasdaq with a lift. i am going to go back to the hysteria over this sector and this sector. spx is down over 2%. lisa: there's also a question with the banks and the consumer profile, the idea that they have the money to pay back their debt. the idea that there is a strong consumer which edifies. we have not seen a pricing out of what that looks like. it is hard to see commercial real estate holdings actually get truly valued. what does that due to to some regional banks in particular that have freed portfolio holdings up a bit? tom: you saw hsbc talking about work from home, and they will take up some 40% of their office space. how many of those do you need before it has an impact? jonathan: we haven't talked about what a return to normal actually looks like. it is whether these companies change their footprint. to change your footprint takes a little time. they are lon

jonathan: i bet they do. tom: i like how he had me for my summer vacation on a gulfstream.all know lisa will be in an 18 foot canoe. lisa: rights. tom, i know you're jealous. you will give me also took tips and boot suggestions as well. tom: i would. what i learned there, is we are all getting used to where oil will be. the answer is paul sankey, jeff curry, and others are saying range bound and higher. jonathan: jp morgan is not moving down a move toward on hundred. the conversation around a commodity super cycle is really taken off again. but we saw last time was not disciplined on the energy side and mining side as well. what we've seen the last five years has been a lot of discipline. does the discipline stick? lisa: can i ray can? tom: -- break in? tom: i don't think we have a choice you're going to break in anyway. lisa: how much discipline can there be to maintain that when prices go up to $80 per barrel? jonathan: we will see. coming up next, johns hopkins associate professor of emergency medicine. we have two people on the show that just want to cut and all the tim

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where unfortunately the land was held for quite a bit of time because the market downturn and as jonathan had mentioned this particular site because of its large size presents an opportunity but also challenges with securing financing but pngc has delivered many affordable housing projects across the city and we are confident in their ability to close on this project. securing of the state financing is a key component here to moving forward. and i know that pngc and curtis is also available here if you want to talk, if you want to ask them to their capacity but i think we are confident that pngc can deliver. >>ahsha safai: i just think that unhappy we are here, we went through a similar process with two of the larger affordable housing projects in my district. they went through the competitive process and i know this wasthe first time that happened in the last, forever. that's good and it shows there's confidence at the state level from outside parties reviewing it . the thing that doesn't sit well with me is that it's not a policy to lend banks your continuing to allow40 percent of the origi

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. >> jonathan reiner who had advised under george w. bush.lly saying here is we know the vaccine can prevent you from getting really sick. it does not affect you getting infected. it has a chance to mutate andened come, joe biden heading to our town hall in milwaukee where he will be talking about this and all of the coronavirus issues we now face, doctor. but that's a big question. it could mutate to a beta vaccine or get people a lot secretaryer. what do you sa i to this? is this something you are worried about? >> well, what dr. nina is saying is viruses make mistakes when they replicate. some of these mistakes and the replication are noted a van table just to the virus. some don't matter at all. some present an opportunity and if the virus mutates in a way that can evade the anti-body that you have from your vaccine, or from your prior exposure to the virus, that then becomes an opportunity for the virus to take hold in you. and then become a viable variant in the community. so the notion is that while there is still virus in the communit

jonathan: do it again, this is what he had to say to us. "some say there is a meaningful correction and i keep saying everyone on the planet is reading for that to happen. nobody likes them here, but that is the reality." does that resonate with you? steve: it is a little bit better than that. we will have a very strong eps recovery. last year was a 19% gain in global share prices. 2009 was a 30% gain. valuations are different, interest-rate rate levels are different, but we then went on to have share prices locally and returns rising. so, again, our recovery is discounted, so i will stop and wait there. that tends to be a mistake. what we can see, by missing out on the strong returns just being invested for growth and development over time, these can sap a portfolio's double digits. tom: i am thrilled to have you here because you know prophets better than anyone else. i know they drag you over to do chief investment strategy. i want to talk about the economic profit picture in the core gdp equation, and what it will do and how it will devo

jonathan: if they go along, does that break a consensus over dollar weakness? very consensus, dollar weaker, things have gotten more nuanced. long commodities, energy, etc., copper absolutely flying. lisa: the fact that you have had the consensus on the dollar shaking a little bit to start the year indicates people still believe in the dollar weakening. jonathan: coming up, french hill, republican from arkansas. from new york city, is that enough snow for you? tom: it is icy on the icc board. be careful. jonathan: could not agree more. tom: the beltway was out of control. jonathan: this is bloomberg. karina: in new york, i am karina mitchell. the u.s. said is willing to meet with iran to restore the nuclear deal. iran wants the u.s. to rejoin the 2015 agreement with sanctions before any talks. donald trump pulled the u.s. out of the deal in 2018 with sanctions that hammered iran's economy. the president will dump mr. trump's america first approach at a pair of conferences sprint the president will call on industrialized democracies to confront the pandemic and climate change. he will make virtual addresses to the group of seven. republican senator ted cruz is back in texas after he criticized family trip to cancu

to light that were brought to him by individuals who really had a feel for where the holes were, the weaknesses were. an example is jonathanalix: brought together a program that had companies in alix: the boston area agreed to sign a compact having to do with how women would be treated within their private sector workplaces. a public-private partnership. amanda: we have seen some attention paid to the fact that what you would call the she session is hurting some groups of women. in some groups more than others. what the policy items you would press for right now that would help offset that? julia: there is one word, and that is care, as in caregiving, caregiving for children, and also adults. we are in a place where most working parents are equally responsible for their aging parents. we need to pay attention to why it is in this country we have no policy around care. there are things also that we have considered quite evil or scary, or taboo. the idea of working remotely. it turns out we are almost a year into it, and companies have actually been able to do quite nicely with the idea of remote workers. some of these ideas

jonathan: lisa mentioned this a little bit earlier. the employment component and that, we have had that, the adp, we will get claims in about one hour 20 minutes. positive 100 k, i don't think that is good but it gets it done, nobody believes that. the trajectory, change of direction. tom: 10 seconds and it is good lisa does this. the media does not spend enough time looking at two yield spread markets versus a single point. jonathan: we will do fives and 30's a little bit later. tom: michael wants us to do tens and 30's. jonathan: from new york city for our audience worldwide, from new york, boston, d.c., san francisco and on sirius xm channel 119, from new york, this is bloomberg. ♪ ritika: president biden is vowing that he will not retreat on sending out $1400 checks as part of a stimulus package. the president told house democrats he is willing to curve the eligibility for the payments. they suggested making the check smaller and sending them to fewer people. republicans have voted to keep a wyoming representative liz cheney in her leadership role. they turned back an effort to

jonathan: right now he's not. we had a serious move at the long end. tom: this is important. euro impinges at $1.23. stronger pound sterling, where does it click in? we are in a pinch on the mystic recovery in the unit kingdom -- on the domestic recovery in the united kingdom. jonathan: it is the vaccine rollout giving people confidence. you have that confidence in the u.k.. you don't have that in europe. i think the bank of england has a little bit more space to worry less about what is happening in markets, relatively speaking, to what is happening in europe. tom: to reset here, i think we really need to reset on radio and tv the tumult of the last couple of days. 1.45 27% on the 10 year. i am still not used to that. i can't see it. this is a massive readjustment, jon. excuse me, lisa. lisa: i keep coming back to this, that 1.35% to 1.50% is where they would start buying. there's a question of the longer-term growth outlook. everyone keeps shifting their expectations. i do wonder at what point we say we are in a new regime where we do see faster growth and inflation. jonath

bournemouth had jonathan woodgate in the dugout for the trip to premier league burnley, after sackingy in the second half. one to forget forjose rodriguez. they searched for answers, but it would get worse, as bournemouth sent them spinning late on. and up stepped junior stanislas, to put the championship side into the quarter—finals. their caretaker is so far proving a safe pair of hands. katie gornall, bbc news. venus williams limped off court at the australian open, after her record 21st appearance in melbourne came to a painful end. she rolled her ankle on her way to losing the first set 6—1 against sara errani. she was already carrying a knee injury, and it looked as though she'd have to retire. she played on to the end, although she didn't win another game. world number one novak djokovic was really pushed by frances tiafoe in their second—round match. the american took the second set on a tie—break. and defending champion djokovic had to dig deep to come through in four sets. andy murray is of course missing the australian open, but he did make a winning return to the court yes

jonathan: "the wall street journal" had a piece about the commercial paper market in europe, and theseields below the depot rate at the ecb. the story was the fact that savings and savings across the united states and europe are skyhigh. where's that money gone? that is sitting in money market funds. it goes to the commercial paper market. comer prepay sure -- commercial paper issuance has plummeted. buys all of this happening broadly? in fixed income, the balance sheets are getting bigger and bigger at a time when savings are getting higher and higher. there's a real issue here between supply and demand as to why yields are where they are. what i am trying to understand is what that supply dynamic looks like. when the economy reopens, what happens to those money market funds? what happens to those savings? tom: let's do it real simple. what portion of cash is cash forever, or is cash that can go to equity markets? the answer is we don't know. lisa: cash to buy a plane flight to go somewhere. so many people have parked money they cannot spend in the service economy. jon is raising a re

jonathan: that was one of the best conversations we have had this week, the bank of america research good morning to you. i am jonathan ferro. let's get a quick check of the price action. we fall back eight points on the s&p 500. we are just above 3900, just off all-time highs. to round things out in the bond market, yields are up a single basis points on the 10 year. tom: we always tell our history we have with our different gas. i am pleased to tell you i have a job rejection letter in my file from daniel, from 2001. he wrote me a brilliant note. he said, i really want to hire you. you are just to obnoxious. daniel joins us, some who invented the modern bond business. you are the one who told us to forget about yield by depressed price bond. the bonds will appreciate for total return. you can't do that anymore? daniel: that's right. all i can do is agree with what you just said. it's a tough row to hoe right now in the bond world right now. you can make some money. you can ride the yield curve at the short end. i don't recommend it. you can buy a slice of each of the new high-yield

had banks up 30%. howard ward on bloomberg television moments ago, 4400 spx target. jonathan: joining us is stuart kaiser. great to catch up. the bond market, the yields breaking out a little bit. what is the tolerance in this market for that? stuart: i think the tolerance is pretty high. you do well when you are rising outside of tightening cycles. the reason is -- i think there will be a fair amount of tolerance, particulate if the fit remains easy and wants to be behind it. the second part is inflation expectations. 10 year breakeven is 2.2%. when that number gets 2.5%, it does turn into a headwind for equities. definitely following breakevens. big picture yields are moving higher for the rice -- for the right reasons which is growth rather than policy tightening. it should not be too strong of a headwind. tom: what level of 10 year yield begins the ambiguity be good a good rise in yields and a more challenging rise in yield? stuart: the level that has been talked about is 1.5%, which we are a good distance away from. something around that level. the market might focus on

so we had dr. jonathan reiner on last hour who said, yes, but teachers are very worried.at home, but they're worried that they're going to get exposed. but i don't think they're getting the message, they don't need to be as worried as they are. >> i think that's an important point. over the last eight years in this state, we've had 16 children die from influenza acquired in schools. over the course of the last year, while many of the classes were in distanced learning mode, we haven't had a single child die that has been in school or day care. and those are the same kind of risk factors every day that schools have been living with for years. you know, a teacher could argue that, yes, it's not safe for who i am and where i'm at, but over the years, they've had a much higher risk being in school from influenza, and this year, we have very little of it. and it's all about risk. i understand, they don't want any risk right now, it's scary. but the bottom line is, we know we can open schools, particularly for younger kids, with all the measures combined and do it quite safely.

. >> i mean they had a jonathan turley. they literally lined up conservatives.e original text of the constitution. it was incredible that anyone could have voted the other way, but they did. you were sitting in the gallery. there's been some reporting that some of the senators weren't actually paying attention when congressman raskin gave this eloquent, brilliant performance and when the video was being played. could you see from where you are whether the marco rubios of the world, the ted cruzs, who was in the video by the way, and josh hawley was in the video. were these guys watching the video? >> well, one of my colleagues, who i could see, was just reading a book during the entire proceeding. she'd brought a novel, i think, and was simply reading that. i found the video presentation of the events of january 6th gripping and compelling, concise, and frankly chilling. and the idea that that should be our future, that it should be okay for a president on his way out of office to deploy the sort of incendiary rhetoric and to encourage the kind of violence that

had thought about. i think bitcoin could end the year $100,000. jonathanything in this market is happening quicker than expected. good morning. alongside tom keene and lisa abramowicz, i'm jonathan ferro. it's get you set up for the market day, just very quickly. your equity market is pulling back from all-time highs on the s&p 500, down 0.2%. dollar weakness today through all the g10. euro-dollar briefly kissing $1.21, one dollar $.19 now -- $1.21, $1.19 now. can we get a snapshot of bitcoin quickly? rolling over just a little bit. just about positive on the day still, up about 1.5%. $45,400 after a $48,000 print a little bit earlier. tom: michael mcglone has done the best work on bitcoin. he's looked at the dynamics of it, the market features of it. he's clearly been way out front on a vector of moving higher. michael mcglone joins us this morning with bloomberg intelligence. i want to go back to the principles. there are things called miners. who are those guys? michael: it is a global, decentralized group. come 2024, it will drop to 450. so i analyze i

jonathan: lisa, a lot of cash and not a lot of assets. lisa: i hadea that's where you were going with this. no one really talks about it. i'm like, there someone who talks about it. jonathan: mark has talked about it a lot over the last 12 months. i will be talking about it more to wind up lisa a little more. coming up on the program, dan ives, wedbush securities managing director of equity research. this is bloomberg. ♪ ritika: with the first word news, i'm ritika gupta. donald trump's impeachment team is counting on a couple of words from the former president's speech on january 6. they will lean heavily on trump's use of "peacefully and patriotically" when they make their case in the senate. that is part of the defense against the charge that trump incited a mob of supporters to storm the capitol. house impeachment managers cited his prompt to "fight like hell." myanmar's leadership will not be able to access about $1 billion in government fund held in the u.s.. the president says that humanitarian support to the country will reign in place. presi