we have our closer mike novogratz joining us coming up where he sees opportunities outside of clippo.to talk about the market day, michelle mckinnon, and still with you nancy tengler. first let's start with mike santoli. mike >> pretty subdued day. treasury yields down again it's happened every day since the coyne vire began the marble holds together. and i think on a net basis, investors are maybe wiifully or maybe just know what we know right now saying it's going to the a passing slowdown based on the china interruptions and the rest of it financial conditions remain as loose as they've been in recent years. that explains why the market is comfortable near thinks levels. >> it also explains a sort of odd combo between defensive and pro stocks, low yields. >> they're both adjacent to bonds in terms of how they perform. it's long-term cash flows we can rely on. that's the way you can unify those things. >> michelle, your thoughts on the markets here >> yes, absolutely we had confide a bit of data today, but it was a mixed bag. >> it was, but i think we're going to answer your questio

joining us now by phone is mike novogratz, the founder and ceo of galaxy digital. thanks for calling in. mike, you know, you were sitting here i don't know. when was that? >> two weeks ago >> you were saying you were super bullish because you were expecting big bazookas are you still feeling that way >> i'll tell you what. you know, sunday night i was out at steven jackson and got a call from any guy saying bernie's surging and corona is getting worse than we thought. i think, you know, pre-sunday, everyone was looking at corona as a china issue and the china stats are slowly getting better looks like it's peaked there who knows if you can trust the data but that's the consensus and on sunday the world changes. if this thing goes viral all over the world, that's going to scare the heck out of people and conferences started being, you know, canceled i don't know a person in new york city that hasn't canceled a trip somewhere so that fear took over and the bernie surge you can't discount the bernie surge. it felt on sunday. who noes after super tuesday how we feel. an

you know i want to compare it to the story that mike novogratz tweeted about and that is that the average woman in the usa is 5 foot 4 inches and weighs $167.00 pounds the average man is 5 foot 9 inches and weighs 195 pounds we need a new national diet i can't believe the female numbers but i've double checked time for country fast what i'm saying is that here we've had. late on the mainstream financial press they'll tell you well this is great food prices all the spot processed food it helps the poor just like our feet money we could continue to give people money we can we know we could airdrop the money so easily because we f. e out because we're no longer on a gold standard we can just drop them and as i just pointed out not only do most americans have less than 4 $100.00 in savings and in fact the back at the bottom 2030 percent of the population has negative net worth but if it were always sold on the idea that we can't let interest rates rise because it will hurt the poor we can't have hard money because it will hurt the pork we can't have real food because it will hurt the poor but