thanks very much for joining us here on to the point where my guests are michelle powell a specialist on security issues and the arctic in particular with the german institute for international and security affairs his opinion in light of the competing security interests of russia china and america we urgently need a military dialogue also with us is the oceanographer and climatologist of underarm stole from the potsdam institute for climate impact research he argues the things that happen in the arctic don't necessarily stay in the arctic and a very warm welcome through turkey to reno filatov from d w's russia deskins. who says the arctic has vast economic resources and russia wants a big slice of the ok. well thank you all further 3 for being with me today interesting insights to begin the show and to get us going out like to begin by asking michelle powell the apparently straightforward question who belong to. it was quite clear in the area around the north pole belongs to the human mankind. the rest was clearly defined by international law a law to see. you russia claimed in. the

thanks very much for joining us here on to the point where my guests are michelle powell a specialist on security issues and the arctic in particular with the german institute for international and security affairs his opinion in light of the competing security interests of russia china and america we urgently need a military dialogue also with us is the oceanographer and climatology stefan drama stall from the potsdam institute for climate impact research he argues the things that happen in the arctic don't necessarily stay in the arctic and a very warm welcome to turkey to reno filatov from d. w.'s russia desk in who says the arctic has vast economic resources and russia wants a big slice of the ok. well thank you all 1st 3 for being with me today interesting insights to begin the show and to get us going i'd like to begin by asking michelle powell the apparently straightforward question who belong to. it was quite clear an area around the north pole belongs to the human mankind. the rest was clearly defined by international law law to see. you russia claimed in the arctic as russia

thanks very much for joining us here on to the point where my guests are michelle powell a specialist on security issues and the arctic in particular with the german institute for international and security affairs his opinion in light of the competing security interests of russia china and america we urgently need a military dialogue also with us is the oceanographer and climatologist of underarm stole from the potsdam institute for climate impact research he argues that things that happen in the arctic don't necessarily stay in the arctic and a very warm welcome to our filatov from t w said russia deskilling who says the arctic has vast. you cannot take resources around russia wants a big slice of the ok. thank you all for 3 for being with me today interesting insights to begin the show and to get us going out like to begin by asking michelle powell the apparently straightforward question who does the arctic belong to. those it's quite clear a big area around the north pole belongs to the human mankind. the rest was clearly defined by international law a law to see. russia claimed i

thanks very much for joining us here on to the point where my guests michele powell a specialist on security issues and the arctic in particular with the german institute for international and security affairs his opinion in light of the competing security interests of russia china and america we urgently need a military dialogue also with us is the oceanographer and climatologist stefan dramas though from the potsdam institute for climate impact research he argues the things that happen in the arctic don't necessarily stayed in the arctic and a very well welcome to territory now filatov from russia deskins. who says the arctic has vast economic resources and russia wants a big slice of the cake. thank you all for 3 for being with me today interesting insights to begin the show and to get us going i'd like to begin by asking michelle powell the apparently straightforward question who does the arctic belong to those it's quite clear the area around the north pole belongs to the human mankind. the rest was clearly defined by international law a law to see. russia claimed in 2000 or so the arct

thanks very much for joining us here on to the point where my guests are michelle powell a specialist on security issues and the arctic in particular with the german institute for international and security affairs his opinion in light of the competing security interests of russia china and america we urgently need a military dialogue also with us is the oceanographer and climatologist of underarm stole from the potsdam institute for climate impact research he argues the things that happen in the arctic don't necessarily stay in the arctic and a very warm welcome. filatov from russia their skin who says the arctic has vast economic resources and russia wants a big slice of the ok. well thank you all 1st free for being with me today interesting insights to begin the show and to get us going i'd like to begin by asking all the apparently straightforward question who belong to. it was quite clear and the area around the north pole belongs to human mankind. the rest was clearly defined by international law a law to see. you russell claimed in the arctic is russia. or ok a straightforward

michelle fleury has more. jerome powell was surprisingly forthright. he is in no rush to pull support from the economy. with 9.5 million jobs still missing and spending on travel and hospitality still weak, the fed chief said the bank was committed to keeping borrowing rates near zero until the job is done.— the job is done. today, interest _ the job is done. today, interest rates - the job is done. today, interest rates were - the job is done. today, | interest rates were kept the job is done. today, - interest rates were kept near zero — interest rates were kept near zero and _ interest rates were kept near zero and maintained a sizeable asset_ zero and maintained a sizeable asset purchases. these measures along _ asset purchases. these measures along with — asset purchases. these measures along with our strong guidance on interest rates and balance sheet — on interest rates and balance sheet will ensure that monetary policy _ sheet will ensure that monetary policy will continue to deliver powerful support to the economy until the — powerful support

michelle myer says powell and forecast revisions will seem more upbeat.e expect the fed to rein in policy in march with the median dots still showing no liftoff through 2023 despite an updated outlook. no fed has run as aggressively as this one. no fed has ever had to engineer an exit from it. the question is whether powell can keep yields at bay from now and avoid a temper tantrum, joe, when they hike. >> wow we've got to think now more than ever, steve. we're going to need liesmania hits so 163 where are we today that's the one thing we left on -- >> i saw 164 this morning. >> we left out on the squawk stack, steve, and then we replaced everything else with stocks domiciled in -- that's not squawk stack there it is. almost 165 >> yeah. >> i think we do have -- here's the 10-year. maybe we'll show the squawk stack. we're doing the st. patty's day squawk stack i don't know irish stocks on there. there it is. all right. i thought we were going to have some other ones on there medtronic, the one i saw that's good. i don't know if you were watching earlier,

michelle, why don't we start with what jay powell had to say yesterday, probably not all that surprisingyou watch what happened with the yield and the ten-year, did that make sense to you? >> you know, becky, that we've seen over the last couple of weeks, and so what they were hoping to hear was that he was, you know, taking notice of the rise and he did say that, but there was no concern about the rise to the level that there's any indication the fed might be thinking about taking actions to sort of stop the, you know, ten-year yield from rising, and he would consider that the fed was considering doing more in terms of purchases to buy more of the longer term debt. there was disappointment that, while the fed chair acknowledged they're watching, nothing at this point had gotten them concerned enough that they were kind of rethinking whether or not they needed it take action >> it's kind of a stupid temper tantrum isn't it, we hope things are going to get better. we think we're going to get back to a more normal economy, we think things open up and we're starting to win on the covid fron

meeting where we have now seen from jay powell he has no interest and no desire to touch very hoe rates for quite some time -- low rates. chris campbell, michelle gerard, great perspective. now this leads to the question about this ultra-low rate environment which as we've just seen from the fed will last for, what, another two years? spurring huge rallies in everything from stocks to cryptocurrencies as investors hunt for yield. now, while bitcoin -- we can look at bitcoin right now, bitcoin is down today. this weekend it touched an all-time high mark, actually, bitcoin's turned around. it's up $1,172 to $57,600 and change. it earlier this weekend hit an all-time high mark of $61,556. but it is not the only investment or, certainly, cryptocurrency that's seen a major surge over the past year. returns for bitcoin, etherium and doge coin are pretty stunning. doge coin has seen a jump of 1,095%. granted, it is under six cents, but let's keach in mind this is -- keep in mind this is a huge jump for all three of these. are we looking at multiple bubble troubles in both crypto, equities and elsewhere? caleb silver just got the answer. caleb, welcome

jay powell because this is a new regime of letting it run hot, and we are not seeing yields run and financial pendants -- financial conditions tighten. jonathan: let's continue that point. bob michele, jp morgan chief investment officer, joins us now. is that bad? bob: it is. if you are long bonds, you are feeling a bit unanchored out there. the ecb said they are going to support the bond market, increase purposes. same thing with the reserve bank of australia. from the fed, nothing, zero. no wham! extensions, no -- no extensions. jonathan: when the selloff becomes self-limiting, tends north of 1.70% last week, how much oxygen is left a pair? -- left up here? bob: not a lot. you have to look at it in terms of real yields. when you get to about 0% real yield on their target of 2%, around a 2% 10 year treasury, i think the bond market will mark time there for a bit and see which way the economy and inflation are breaking. if real yields start to go much higher into positive territory, then you better have strong growth and you better have the inflationary pressure. otherwise it is going to have an impact across all asset classes. damian: -- lisa: there was another move the federal re