researching it and writing it which is to sort of set aside what you think you know about later nancy davis and later nancy reagan. hers is a complicated and often very painful story but i think that ronald reagan shows well and the country owes him a debt for that. >> what do you say about someone who gives your life meaning and support and understanding, someone who makes sacrifices so that your life will be easier and more successful but what you say is you love that person and treasure her i simply can't imagine the last eight years without nancy. the presidency wouldn't have been the joy without her there beside me and that second floor living quarters in the white house would have seemed a lonely spot without her waiting for me every day. they had all kinds of advisors and experts who look after his interests when it comes to foreign policy or the economy but no one looks after their needs for a human being nancy has done that for me through recuperation's and crisis. every president should be so lucky. [applause] i think it is all too common in marriages that no matter how much partn

if nancy davis had not came along when she did, i would've lost my soul. he has not somebody who is ready to settle down or even open his heart. i think because of her incredible radar, she senses that she will have to wait this guy out. at one point his mother nelly even tells that. to nancy, who she likes a lot better, she says i can see that you are in love with him. he is not in love with you, yet. you will have to wait and you will know when he loves you, but you will have to wait, and she does. it takes several years for him to sort of come around and cfinally commit himself. i found the early years of the reagan marriage fascinating as well.. you referenced fewer interesting movie roles. the bustling home life. ronald reagan for audiences all over america. it all led to the realization that ronald reagan connected in a very real intimate way with people and then it all took off. campaigns, sacramento, more campaigns. tell us about those busy formative years. nancy's role with all of it. they really are scraping bottom. at one point, reagan agrees to

tell us about the young nancy davis. >> you are right. she was the product of a bad match between a very ambitious actress and a car salesman who wouldd very shortly after her birth go their separate ways. and her mother very shortly after that leaves the little baby named anne francis robbins in the care of relatives. and for the next six years of her life she just yearns for this absent mother. and sent ron told me as other people pointed p out to me sortf cast a shadow on her spirit a sort of insecurity that never really leaves her. it's one of the o reason she was so complex. she believed that no matter how successful they were there is a trap door in life. in any minute the bottom could all fall out. and certain debts underscore two month after the gets the white house where she almost loses her husband to an assassin's bullet. she was not someone who really shared a lot about herself. her own children did not really know all that much about her childhood. or really the insecurity, the instability, the lingering effects. the scar tis

here with us now to explain is nancy davis of quad rattic capital. great to have you here on set. how do you investment in this environment. >> i think the comments about the yield curve were spot on it is lower now than it was even in the '80s, so we've never had this amount of inversion because exactly to your point, carter, consensus is that long dated y yields are going to fall and there is a negative 1% in the derivative in the swap market and it is lower than the treasury market. it is 102 basis points negative between the two and the ten-year swap rates so it is crazy it is like your paying a tax to buy long ated bonds. here u.s., i'll lend you some money but it doesn't plaque any sense to the markets are pricing for this low growth, disinflationary, it is for a recession and that is consensus. >> and we're still in an inflation environment, but they don't work i-val does work. and can you speak to that. >> well i'm the portfolio manager for the eyeball etf and it takes tips and tries to solve the problems which is exactly right, the bonds, they lose money when ten-year yie

joining us now is nancy davis. inflation linked treasuries >> they're not in most passive indexes, so even if you have an active manager, the ag has no inflation reductive bonds and it's only short volatility because a third of the index is residential mortgages. so having inflation protected bonds is a key diversifier, especially for those people nearing retirement or who are in retirement, because they will not benefit from wage inflation. they just have a higher cost of living and tend to have more fixed income so inflation is those things all investors should consider as part of their liquid bond portfolio. >> you have seen the highs in yields, the fed now hinting at smaller interest rate increases and potentially slowing sooner rather than later. do you agree >> you know, it's definitely unprecedented time it's crazy to think going into, you know, the last in june 2020, the fed was not even thinking about raising rating and jay powell said he wouldn't be hiking in '23, and look what happened in 2022 you had one

charles: i want to bring in quadratic capital portfolio manager nancy davis. nancy, would the market be okay with let's say the notion of a higher terminal rate but a much slower pace? >> yeah, i think the markets really not okay with what the fed is doing right now. it's also a global market, and so many other central banks around the world whether it's rb a, the bank of england, bank of canada, they are moving less aggressive so the fed is sort of standing on their own with being so hawkish still with their monetary policy. charles: well during wednesday, that question was sort of broach ed, if you will, and jay powell seemed to say, you know, listen. we know the world usually hitches their wagon to us but this time we're going it alone and it's not like he's going to be somewhat defiant but when you hear the boston fed president saying or suggesting at least she's feeling this way, i don't think it's a mistake these days when they come out i think it's pretty calculated for them to start sending this message as opposed to the so-called fed whisperer, right,

former council of economic advisers chairman, former acting cea, nancy davis, and our very own steve, weigh in on the components that matter here. what changed and what -- >> you had a moderation in shelter. that helped a bit. what am i looking at rent up -- i saw 0.5 ammo g i'm going to check on that. you had a decline in apparel as well you know, i guess i have a hard time getting excited about a 7.7 -- i'm just saying, look, the progress since june when we hit that high of 9.06, do the math we've come down 1.3 percentage points after a massive increase -- >> it's clear that they're going to pivot now >> do people on the radio see the smile on your face, joe? that's what i worry about. let me talk about that, joe. >> the pivot is coming. >> the pivot is coming -- >> they've done enough. >> there was a big pivot in the fed funds future and the peak rate which i have now at 490 we're down below 5% on the peak rate >> austin, tyler, what does the fed do at this point austin, look, this was not only not as hot -- not as hot as had been anticipated obviously one month doesn't a make a n

davis stature was taken down, who and robert e. lee was removed from his pedestal. at least circle. ah ah, ah. now are you? yes. if it's deploy box near to nancy in the glove jim's, the new book is up at album the national, shifty, radiate viola. showcase in under nathaniel. that sounds good. it's a, it's a boiler. what is it w boy? ah ah, a mess. now there will be a quote on my check for slaughter with them, but i know it's a bit, like i said, with disturbing images ahead. civilians are killed as ukrainian bombardment. i've done that as he has troops showed the russian region 39 times in the past 24 hours. we report from the scene of the attacks with and from africa gone. i now through the shift towards the use of gold instead of the us dollar for oil purchase with their official plan, washington for making money from the war and ukraine.

davis in new york. have a great evening and a good night. >> it wasn't just the attack, it was republican reaction to it, which was disgraceful. >> house speaker nancy update on her husband after he was attacked while at home. some 40,000 universities employees statewide are set to strike tomorrow. their demands and the impact a strike could have on schools in the bay area. plus, you've heard plenty about frequent sideshows in the bay area. this time, though, a different ending. a coordinated police response results in some 700 citations. abc news at 6:00 starts right now. >> building a better bay area. moving forward, finding solutions this, is abc 7 news. >> who would have thought two months about -- ago that this red wave would turn into a tiny trickle if that at all. >> one-on-one with house speaker nancy pelosi, commending democrats on their midterm wins and revealing who she wants to run on the democratic ticket for president in 2024. good evening, thank you for joining us. today speaker of the house nancy pelosi spoke with george stephanopoulos on this week. she gave an update on her husband's recovery. >> speaking one-on-one with incomes's n

davis of the "new york times." this is a big moment anyway because of the big transition here in washington, but it's also a big moment because nancy pelosi will be in the history books regardless of what she says right here. the first woman elected as a party leader in congress. the first woman elected speaker of the house. then back into the minority and then back as speaker. that she's presiding, is that a clue that she wants to be up in the rostrum one more time with the gavel? >> i mean, it certainly has the feel of a valedictory with all of her colleagues gathered on the floor, a standing ovation. there's clearly a celebratory sort of atmosphere in there. but again, it doesn't necessarily tell you whether that means she's exiting gracefully or she's going to stay and fight. she's kind of indicated a little bit of each in the last few weeks. but as you said, you know, she is the first woman speaker. no one will take that title away from her, that place in history. and she has really presided over some very remarkable moments. the passage of the affordable care act. two impeachments happened under her watch. you know, lots of l