negative 10 dulles, negative 10 winchester negative 10 in baltimore as well.ls have kind of taken over especially north of d.c. feels like zero there in leonardtown. could be dangerous. especially once you get up to the negative 10 range you could get frost bite 10 to 20 minutes on exposed skin. bundle up and cover up as much as you can outside. wind chill advisories in blue here all up and down chill warnings here in the pink when wind chills from time to time could dip down below negative 25 degrees. that's how brutal it could be out there. 20 degrees is your daytime high here in washington and it will never feel like it not at any time. 19-degree high for dulles. 17 for gaithersburg. again, it's going to be windy throughout the day and that will keep those wind chills low. in some cases subzero wind chills throughout the afternoon here on your friday for those who live north and west of town. all right, heading into the weekend what can you expect? lots of clear skies during the overnight hours. that will allow temperatures to drop. little less -- wind stil

now it's negative eight. negative nine dulles. we use sustained wind to calculate that.d gusts it feels colder than that. cold through the weekend. we have to watch out for maybe a little bit of wi ice monday morning. we'll talk more about that event coming up in a few more minutes. that's weather. over to erin for traffic. >> as maureen mentioned water main break big story of the morning. this is going to cause a big traffic impact. you can see in the monitor right now volume is very light but as more people hit the road it could cause a backup much watch for slick spots. they're salting that condition. it's the 900 block of 27th street right by virginia area near the area of white horse freeway and rock creek parkway. crucial intersection right there. very busy, heavily traveled. please plan to slow it down. right now traffic is getting around that closure but use caution. secondaries in the district looking pretty good but watch for slick spots especially on those sidewalks and as you drive out through some of those back neighborhoods. and that's your traffic. >> 4:48

are you buying negative yielding debt? luke: i'm not buying negative debt. think european debt is really expensive. actually, it faces a lot more problems and probably closer to a bear market than u.s. treasuries. you will see growth coming through in europe now. you are starting to see capacity come out of the system across northern europe, and even spain and italy are starting to see a lot of big improvements in the employment market. so for me, the german bund in the 50's or 60's is the wrong level. that should be 90 or 100. and that, i think, will end up taking a lot more attention than a trickle upwards in the u.s. 10-year to the 3% level. lisa: so you think there could be a potentially violent unwind still in this negative yielding universe? luke: yes, very much so. and i think mario draghi was kind of telling you yesterday we will stop buying this stuff in september. if the bank of japan stops or starts to stop their program as well, that is a risk factor for the european bonds, not u.s. bonds. lisa: wow. rachel, i am wondering how much do you look at

razorback they have to go to negative they can't do negative interest rates if they have physical test i'll just go and take all my hundreds out put them on with my mattress and you can say i get negative ten percent but i don't have a good ten percent because i have you know whatever x. number of dollars stuff the stuff in my house so they have to get the world used to living off of a digital currency and by the way there was a person nominee to the fed by mr trump called marvin goodfriend and what does marvin goodfriend love more than anything in the whole world. besides bitcoin negative nominal interest really look it up ok all right so there's the you know you're building a strong case here so so because it is just like the gateway drug is just opening up to this thread going yeah ok now here's my mike mike some of my post to some of this thought is that the i think that krishna bit going going all are back to two thousand and eight white paper which describes the introduction to it which mentions bank bank fraud problems in the banking system and problems in the central bank syste

in boston it was negative 10. boston

the stock of negative bonds has to medically. it in context for me. 7.37, the smallest since july of last year. that is telling me personally, that is telling me that that is something very much going on in terms of our understanding of where global central banks would be by the end of this year. take it job is to forward. it is to extrapolate forward. that chart, in terms of this stock of negative bonds out by $1 collapsing trillion, is that something you pay attention to? tristan: not that. it is an interesting fact, but i mean, why would you earn negative yield in government bonds anyway? a bit of the german figh five year yield, it has risen modestly, but it is still five basis point. if you look at the strength of the european economy, why should interest rates average negative levels for the next five years? manus: before the end of the year? tristan: -- across the curve, i think the level of interest rates implied in those longer-term yields, for me, they are too low. whether they go this year, next year, or even later, on

it was inventories and trade that negatively impacted it.e two good numbers are good supports for the economy going forward. subadra: i think we could get a lot of interesting soundbites next week, especially given the state of the union. we could get some more -- for me as a rate strategist, the treasury announcement will be interesting. we can get some initial hints on how the treasury will be changing its financing over the upcoming months. the fomc meeting will be quite interesting given the fact it is janet yellen's last meeting of her career. so i think it is -- and all of these have potential to the market moving. and i agree with rachel. i think for the employment number, the focus will be on earnings because that is really where i think we need to see some gains. that is what has really lagged. julie: in terms of the fomc meeting and janet yellen's final appearance there, do you think we will get any more color from jay powell? he will presumably defer to her. but do we get any more flavor from what we are in store for from him? luk

you're ideas that they want to wean folks off cash yes they want to get people into a permanent negative interest rate scenario which they will need to do to extricate the economy out of the next great depression which is coming unfortunately in my opinion right so the depression comes when the market collapses market collapses because nothing was done to stop it from the last collapse except give the worst actors in the economy more money to go create more probably so only seventy trillion increase in debt since two thousand the globally so they're going to have to do something they only have about one hundred twenty five basis points of bullets in the in the in the can they are global right to fire in the united states i mean does depend have to get themselves that they've got zero which is a germany have they have nothing so they have nothing really to reduce the overnight negative razorback they have to to go. eg if they can't do negative interest rates if they have physical test i'll just go and take all my hundreds out put them on my mattress and you can say i get negative ten perc

negative and baltimore negative 3. bundle up as you door feels like zero early this morning. satellite and radar not much going on. wolf moon is up this morning and that's what they call is here auto early january. believe it or not two full moon this year the snow moon comes our way end of month. 28 degrees. all we'll manage today. good news, lots of sunshine. there's a small bright spot in what will be another very cold day. all right. check of forecast. date lynn is back with tra traffic. >> must be a good sign for 2 2018 if we have two super moons in one month right. >> maybe. >> we have a lot of issues out there mainly when it comes to cold and water main breaks as a result of. it rhode island avenue southbound charles amtrot drive. water main break blocking all lanes on rhode island avenue. if you commute. follow local detours. rhode island avenue in hyattsville that's an issue. closer to silver spring. new hampshire avenue south oak view drive another water main break. one lane getting buy in each direction impa

what happens if that break goes negative?he difference in inflation -- robert: the drivers are whether it is short-term or long-term. on a long-term basis, there are global dollar precious on prices that are likely to keep inflation under control for the foreseeable future. in the near term, commodity prices have been strong, they've been the biggest driver of breakeven risks. that is why you see commodities prices going up, more of an adjustment in shorter maturities than longer. jonathan: what have you been doing on the tip side of things? >> the tips have been a attractive on the margin, as result of this headline inflation increase. but come up big picture, they have been very range bound. it is a technical market where 10 or 20 basis points cheaper, they are attractive, but by the time commodity prices have run up and the breakevens have wound out, it runs out of appeal. jonathan: have you been buying inflation protection at blackrock and should people continue to do so, even at these levels? marilyn: for quite a long ti

out put them on with my mattress and you can say i get negative ten percent but i don't have a good ten percent because i have you know whatever x. number of dollars stuff the stuff in my house so they have to get the world used to living off of a digital currency and by the way there was a person nominee to the fed by mr trump called marvin goodfriend and what does marvin goodfriend love more than anything in the whole world because. the size bitcoin negative nominal interest really look it up ok all right so there you know you're building a strong case here so so because it is just like the gateway drug is just opening up to this fed going yeah ok now here's my mike mike some of my post to some of this thought is that the i think that the krishna bit going going all way back to two thousand and eight white paper which describes the introduction to it which mentions bank bank fraud problems in the banking system and problems in the central bank system it's always been a race against the failure of the current system the failure of the banking system in the failure of the fee money

isn't that something. >> kid will still go to school at negative 40. >> yes, negative 88 is just toour kid go to school at negative 40 here. >> we have a two hour delay with this. they cannot play outside on a day like today, seriously. >> that with man would laugh her eye lashes out. >> newark restaurant week we have never done on this show. i'm so happy we are doing it. it just works out that it is eagles/vikings on sunday. >> we are seeing green things today, jen and we love it. >> yes, having a good time, by the way, tailgate operated by these guys have been on different national shows. good morning. >> good morning. >> so who, this is petey. what does he do. >> petey is the dog, original dog here for representing us down here for the philadelphia eagles. >> i love it. so good thanks for being so good. you have been going to all of the games. >> yes. >> couple superstitions is what up with the jersey. >> i started wearing in the beginning of the season. team was going great. i have worn them to all of the games. >> and what about where you sit in the stadium. >> we sit in section

negative zero negative six they wouldn't believe but i will tell them i did and i meant it. and the eat eat eat eat eat eat eat eat. seek. the facts. commitment. here's what people have been saying about rejected in the night the senate is full on awesome the only show i go out of my way to punch you know really what it is that really packs a punch. yap is the john oliver of r t america is going to say we are apparently better than food. and see if anybody had ever heard of love redacted the night was president of the world bank paid to put this rubbish seriously send us an e-mail. los angeles the sony of luxury and fame but also an alarming number of people living in the streets. the simple fact in l.a. he's there's just not enough shelter even if people on the streets right now decided to come in there's nowhere to come in and it's been a struggle. to get this man found his own response to the problem and constructed dozens of tiny homes for people in need of shelter when you have nothing in order to go. you know having something like this may as well be a castle but do th

you do wonder, if anything negative comes out for the dollar, it could get hit.he fundamentals for the dollar are not that negative, but there has been is overriding sense. the u.s. politics have been dominating, and the fact that it looks like we could have a government shutdown this weekend, and that is negative sentiment. the narrative out there is not in line with the fundamentals. the u.s. has had some of the best growth amongst market commodities this year. lester they were the middle of the pack. and yet all i hear the everybody talking about how the rest of the world is catching up with the u.s. this year. that's not true. the u.s. is leading this year and other countries are lagging. i think the narrative has gone sutley strange. -- has gone slightly strange. last year the u.s. started the year negative real yields and now we have had a 70 basis point climb in thet wo year yields. -- in the two-year yields. suddenly, the u.s. is positive and people are getting excited about other countries they might tighten. assetb might taper their prices this year. we

smart trip cards will no longer allow negative balances and passengers need to resolve negative balances on their cars. they can use them to pay for services and they are urged to sign up for auto reload. that ensures there is always money on the card and they add money whenever the card's balance falls below $10. >> i saw a story a couple weeks ago do and a the you can come back and the next add a little. now you go out, charm up card. go back in, which is if you have no cash. it could cause confusion. >> basically you cannot get out of the turnstile. >> you have to talk to the station manager they let you out and swit out. >> make sure you fill up your card for sure. >> president trump is using twitter to defend his mental stability. >> latest tweets after release of the book fire and fury. >> border wall debate. new look at plans for one of president trump's biggest campaign promise, we'll be right back >> astronaut john young died following come my aix occasions from anymoreonia. nasa called young one of the pioneers. he went on to the moon and later commanded first shut flight. long

heather: real feel negative 2.ldn't even say try to stay warm. >> reporter: we will do our best. heather: it is out, the book being billed as a white house tell all is on store shelves and four days early. people lined up overnight to get their hands on fire and fury the white house slams it is sad and pathetic. griff jenkins joins us with what the president is saying. there was a cease and desist and it came out early. >> reporter: this is the book the white house doesn't want you to read but it went on sale at midnight, the president's lawyers trying to stop it with a cease and desist letter sent to the publisher but don't expect anyone at the white house to buy it, sarah huckabee sanders blasting the book as nothing more than fantasy. >> there are numerous mistakes but i won't waste my time for the country's time going page by page talking about a book that is complete fantasy and full of tabloid gossip. it is sad, pathetic. >> reporter: fallout for the president's chief strategist as donald trump responded to b

that. -- negative yielding debt.g oft of that debt last week. make your choice, mark. mark: i'm feeling less negative. i'm afraid you won. i love the rule of 20, but vonnie is the victor today. vonnie: i will lord it over kevin at all. president trump and the president of kazakhstan said to speak at the white house . steve bannon was subpoenaed by robert mueller in the rush investigation. -- rush investigation. -- russia investigation. we will be on top of all of the headlines. this is bloomberg. ♪ mark: former white house strategist steve bannon has been subpoenaed by robert mueller. that is according to "the new york times." steve bannon will testify before the grand jury investigating possible link between russia and president trump's associates. earlier today, been in testified behind closed doors. sir huckabee sanders -- sarah huckabee sanders as the president will not apologize for trying to fix the immigration system. speaking to reporters today, sanders claims the president -- sanders and said claims the pres

in the short term, the concern is this could have a negative impact on revenue. connect the dots for me. we've been talking about this all day, saying it is going to reduce time. we've come back to this a couple times -- the goal is to make acebook feel less like depressing cesspool. why would that decrease user engagement? if one of the goals is to make facebook less negative in a way, with all of this news interaction, why would that not increase user engagement on facebook? why is the thinking that it will decrease? >> i want to step back and look at the broader picture. mark zuckerberg is not just making a feel-good decision, he is making a business decision. over the past two quarters, engagement on facebook has decreased, because as some say ofhas become a negative pool russian manipulation. zuckerberg realized this puts facebook in an enormous euro crisis. -- and or miss pr -- neormous pr crisis. this could term, establish a stronger relationship between facebook and users. we have seen consumers again to distrust social media platforms. all of the revelat

but is bbc news overplaying the negative?e ask health editor, hugh pym, weather bbc coverage could be damaging confidence among nhs staff and the public. first, it's not always what you see on the news which captures the attention of newswatch viewers, but when you see it. on wednesday evening, a football match was showing live on bbc one. if you're interested, an fa cup third—round replay between chelsea and norwich city. unfortunately, not everyone was interested and when the broadcast overran because of the start to the game and they go into extra time and then a penalty shoot out, some of them were pretty angry, as the news at ten became the news at 10:1i5pm. here is deborah. last night, my husband and i got home after a long day at work and we do like to sit down and watch the ten o'clock news. but it turns out a football match was over running and the news had to be displaced by 45 minutes. i just don't think somebody‘s got their head screwed on. if the football match is that important, put it on a different channel. bu

they are no longer going to allow you to keep a negative balance. this could be a problem for people who don't carry cash. right now you swipe when you go in and when you go out. if you go on with a certain amount you will be allowed but if you are doing more after you would have a negative balance. you can't do that starting today. you will not be able to leave until you fill that card back up. machines are inside but they only take cash. metro says go ahead and get the auto reload that way you will never be in that situation. >> again the new rule will also apply to those writing metro bus. the fare box will buzz if that person does not have enough on that card. metro is also considering a program called the rush-hour promise which would give a full refund to peak time rail and bus riders for being delayed 15 minutes or more. the program is aimed at keeping writers --. th to wear white and hold anti- trumpet signs during his visit to atlanta. the group says wearing white is meant to block the snowflake label trumpet supporters used to describe the

there are some negatives. as you said, hopefully, the industry and states and the federal government will help address the negatives and turn them into positives. host: fred is a supporter from michigan, what is your question? caller: i have a comment. he made an excellent point. i have been taking medications from hydrocortisone t. ittarted smoking pot, using as a vapor, i have cut down to four pills for high blood pressure, feeling great. nothing is tearing up my stomach. it needs to be used versus all of these opioids. it can be done recreational -- he will not have these problems with kids trying to buy and get on heroin. host: i want to let him respond. guest: i have heard thousands of stores over the past couple of years like yours. i can in skeptical when we started this. if this had a negative impact on the get out of this industry and business. i have heard countless stories like this. these are not all potheads on marijuana. these are people with illness, regular people, and your story resonates with

negative degrees. here in d.c., one manassas. two for culpeper. winds shouldn't be awful today but it's not going to take much to get those wind chills down so wind chills advisory in effect until 9:00 a.m. this morning. going to feel like zero to negative 10 in a few spots from time to time today, so again, bundle it up if you're headed out. there's satellite and radar. nothing but a few high thin clouds out there and we're expecting a good amount of sun today. your forecast 25 degrees, lots of sun. >> okay. thank you, >> ♪ >>> happening today at 5:07 d.c. mayor bowser is expected to kick off the year with year of the anacostia. the 5k walk run is part of the mayor's 1 billion steps challenge which is a city wide initiative to encourage residents of all eight wards to make more healthy lifestyle choice. the event is free opened to the public. registration starts at 9:00 a.m. following by the kickoff at 10:00 a.m. >> a deadly plane crash in costa rica. several americans are among the dead. details next

sunday low me boston could be negative four. which would be coldest january 7 in boston history beating out negative in 1896. boston is about to have 13 straight days of under 32 weather which is fourth longest streak in boston history. there's also travel chaos. possible gridlock situation at jfk airport in new york city. passengers complaining they've been stuck on the tarmac in their air planes without food or water for five to 20 hours. we spoke to passengers at dulles airport. >> we don't want pretzels and biscuits we want luggage and know how i'm getting jfk. >> they did what they can at the airport but the airline did not do what it was supposed to do. >> this is from mount washington in new hampshire a man blowing bubbles that froze snaptly in the air. he was holding them as if they were baseballs. northbound ton, new hampshire is tied for second coldest place on earth, saturday, tied with armstrong ontario. the temperature at the summit of mount washington balmy negative 6. that doesn't include the wind chill. in new yo

but the impact it has on monetization is certainly not clearly negative. >> not clearly negative.bout you the market saw that as positive the shares up 3% mark zuckerberg, facebook ceo okay focused his comments on the company's ability to understand how its services are used, amplify the good and prevent the rm that. he says changes from last quarter saw fewer hours watched as a result of changes to video in the news feed zuckerberg is making other changes to improve users experience such as stories which are on track to become the most popular way to view content. of course in the security of the platform saying that growth rates will continue to decelerate as expected but they are pretty much on track. and also with the comments they made earlier, and a lot of focus there of course on the cop ex number and also of course on growth with all those changes to what we see in our news feed every day. >> julia boor citizen, thank you. we have fame's gene munster. he has been patiently on that call what stuck out to you, buddy you were on the call for an hour and a half. >> it's been a

coverage and negative things happening when we had a lot of positive things that occurred under thehe first year. >> absolutely but americans see what is going on and happy to see trump shining a spotlight on media dishonesty, there's a reason only 32% of americans today trust the media and the longer this bias goes on the less influence these outlets will have blue cnn, nbc, the washington post and the new york times, these outlets are not changing people's minds anywhere, displaying to an increasingly small slice of the far left wing and ultimately trump's actions will have greater influence on voters than the media and he has a lot to be proud of, the economy is booming, the stock market, unemployment is the lowest it has been in decades. unemployment among african-americans is the lowest it has ever been and as a result today among african american voters trump has an approval rating double what it was in 2016 because he is putting policies in place that actually mess up these communities and these policies have greater influence than any speech obama could have given. jillian:

so in two parts to consider, beginning with immediate divestment of assets with negative returns five or more years and full divestment in x amount of years which was not provided but i'm hoping we can have a discussion and figure out whether to include that language or not. >> so did you want to consider them as two separate amendments or consider it as one? >> i'd consider it as two spr d spratd -- separate amendments. beginning with immediate divestment of assets with negative returns for five or more years and full divestment in x years. sorry, that's the second. we're starting discussion on the first one. to offer my thoughts on what we've seen as far as back as commissioner hochschild's presentation on the of the market, i'm comfortable with the first amendment but i welcome your thoughts. >> commissioner hoyos. >> i want to state my agreement with that position. >> commissioner: so i move then to accept this first amendment into the resolution. >> second. >> commissioner: moved by commissioner ahn to accept the amendment and seconded by commissioner hoyos. all officer favor? an

but they are at a negative interest rate of -40 basis points. draghi has said the -- mario draghi has said the inflation risks are over. they are in an extraordinary emergency type condition right now. i think the pressure will be there to stop the buying and there will be a consistent chorus that will not stop until they at least get to zero, and i'm not even sure it will stop there. jonathan: we have another question from a viewer. coming across the bloomberg terminal. it is a multipart question. the german ten-year and u.s. 10-year the federal reserve , produces its balance sheet and the ecb takes a step back from qe, the spread is still really wide. how is that going to evolve over the coming year? jack: it's interesting, in our portfolio, we are running a short duration in general. in developed markets. if you look at the evaluations -- valuations on the european side, the german valuations argue they are too low. i would say that relationship could converge a bit. we would rather be sure in -- short in germany. again, to the longer end of

duluth is negative 39 now. buffalo at negative 21.troit, chicago, pittsburg, that's about as cold as it's been this winter. all that cold air is rushing into the east. now at negative three in d.c. negative three in new york city. see atlanta, you don't often have a windchill of five. that's cold for the south. cold air all through the eastern half of the country. freeze warnings all the way down to naples. downokeechobee. so far holding on. not booed around central florida. dipped to 35 in orlando. 38 in tampa. areas outside the city may have patchy frost. so far the oranges doing okay down here. a long time ago we had a bad freeze in florida and a lot of the groves headed south of orlando. today's forecast, just a brutal bone chilling cold. >> usually go to frl to get age it all. >> miami yesterday dipped down to the 30s. >> think of all the people trying to escape the northeast. >> do they even have clothes for that. >> north korea has accepted south korea's proposal for high level talks tuesday. january 9. for the south's unificat

the negative surprises were inventories and net exports.one of the things that is a very early thing we are talking about is the firms had the incentive to put costs in last year because the steps toward corporate rate was higher, and they get the sales this year at the lower rate. we expect some kind of surge in cost and imports for firms that would be pre-buying materials, raw materials and so on, in december to get the deduction of the higher rate. i think right now the leading explanation in our minds for the surge in imports that led to this flight negative surprise in gdp is it is the first glimpse of the major effects of the tax bill in the data. there is another piece of news today that is even more important for the gdp rose, and that is the durable goods release. when you order the durable goods, it takes a while to get delivered. it is not like amazon where you get it in a day or two. the people who wanted to wrapup activity to give because of the tax bill should have placed more orders in december. the durable goods numbers were

they are at a negative interest rate, -40 basis points.raordinary emergency type condition right now. the pressure will be there to stop the buying and there will that willstent core not stop until they get to zero. i am not even sure it will stop there. jonathan: some of you are coming across the bloomberg terminal. the u.s. tenure, the relationship between the two of those as the federal reserve reduced the balance sheet and the ecb takes a step back from qad. really wide. still how will that you love? -- how will that evolves? ? jack: if you look at the valuations on the european side, the german valuations argue that they are too low. i would say that that relationship could converge. we would rather be short in and again, to the longer and of the u.s. curve, you see why there is more demand. jonathan: are you more comfortable being short in germany than in the united states? robert: there will be a convergence. the spread between the two is too wide. i think we are likely to see an increase with a safety margin. with may be lower in t

the actual temperature was negative 21 in chickapee this morning. it's so cold that in door chest er two fire trucks froze in place at the scene of a five alarm fire the area ladder frozen and won't retract so both trucks needing to be towed. by the way it was negative two this morning in boston tying the days record set in 1896 and as my friend at fox said she goes once you're talking about single-digits that's a toddler's age that's no right to be a temperature it's just ridiculous arthel: it's a good point thank you, brian. take care. well congressman oath ellison of minnesota is coming under fire for a controverse control tweet that appears to support antifa the anti-fascist group the lawmaker tweeting out this picture promoting a handbook for the left leaning group which is known for using violence against white supremacists. critics say the tweet condones antifa and our next guest is taking her fellow democrat to task over it. joining us now is jim green a fox news political analyst and former candidate for dnc chair and distinguished fellow f

you have low yield, a negative real yield and very low spreads.ossible to repeat that move. some of that might come through in currency, but it is tough. guy: plenty more stuff to discuss with luke hickmore. up next, we will be talking about productivity in the u.k. is it about to spike? is it about to spike? ♪ matt: we are 30 minutes into your trading day. let's get your top headlines. commodities, as brent crude closes above $70 for the first time in three years, barclays warns iron collapse to $50 a ton. what are the implications for global inflation? the rally reverberates. european stocks drift higher and u.s. futures point to the upside. this following strong gains in asia and a record close for the hang seng. ats, ahead of inflation data 9:30 a.m., bank of england suggests u.k. productivity could pick up quicker than expected. can we still count on two more rate hikes over the next three years? seems like a long time to forecast with any sense of certainty. welcome to bloomberg markets: the european open. i am matt miller in berlin alongsid

it feels like negative one in philadelphia. it feels like negative 21 in mount pocono.hree below zero in millville. and we're expecting these really wind chills to continue these very very cold wind chills brutally dangerous and we're talking overnight anywhere from seven below to even 12 below like in allentown that's what we'll wake up to tomorrow morning. it's going to to feel near negative 15 degrees. the headlines over the next few hours and into tomorrow morning, wind chill advisories still in effect until tomorrow morning. there's the potential for some record lows i'll take look at and your full forecast as well as, yes, you heard it, a major warmup in store. i'll let when you know in just a bit. guys. >> we can't wait for that. thank you monica. even for many of us who have heat, trying to keep your home warm can be a challenge. with wind chills well below zero as monica told us about it's been an on-going issue at one west philadelphia apartment complex that's actually still under renovation. and it's not just heating problems. fox 29's brad sattin explains. >

what happens if that break goes negative? obert: on a long-term basis, there are global downward likely tothat are keep inflation under control for the near future. commodity prices have been strong and they are the biggest driver in the near-term of breaking risks. that is why you see commodities prices going up, more of an adjustment in the long-term. attractiveve been a ractive on the margins. you saw this headline inflation increase. it is definitely a tactical but by the time commodity prices are widening out, this runs out of appeal. have you been buying inflation protection? do you think people should continue to do so? marilyn: for quite a period of -- have beenbeen issuing protection. we have been taking profits but we retain the front end of the curve. jonathan: marilyn watson from blackrock, robert tipp from pgim, and jack flaherty from gam. the riskiest bonds far out risk returns of sabr high yields. this is bloomberg. ♪ jonathan: live in new york city, this is "bloomberg real yield." investors are eating up riski

the view from the market is they keep the bund program, they start normalization from negative rates,erhaps to zero. therefore, the curve should flatten. i would say the spread in the front end is all about ecb action. in the long end, that spread is too wide. treasury bonds around 2.5 basis point is arguing if prices can -- are growing as if treasury prices can rise while bund rates stay the same. that does not seem to make sense. jonathan: let's have some thing that does not make sense to people, the amount of debt outstanding that trade for negative yield. i believe it is around 7 trillion. there is enough in the market to scratch your head and wonder why we are still doing this. the abnormal can stay abnormal for longer than you think. michael: we have proven that. what this speaks to is, you look where the u.s. is. on a relative value basis, u.s. -- u.s. treasuries look reasonable when compared to a lot of european rates. then you get into the spread sectors and is probably more compelling. jonathan: was the 10-year option evidence of that, on the back of you will get sufficient