the fed should take a page at wayne gretzky's look -- book, can we get the policy rate off of the bottom? bubble inere is a treasuries, where should the 10 year yield being? joe: -- 275 -- 2.75%.ound we have an aging demographic leaning toward savings. our view is that rates are heading higher and the yield purpose, given that global forces should put a lid on longer-term yields, but we're also aiming higher at a grinding face. alix: do you agree, michelle? >> from an economic perspective, the old rule of thumb was that 10 year yields should be looking at gop growth. to come inunning 2.5% -- you are looking at the be 4%.ical level of may i'm not sure that we need to worry about yield moving to those kinds of levels, but it does speak to the fact that there is liquidity that has found its way into the bond market. joe: michelle, what keeps you up at night? is in solideconomy shape. it is not spectacular, but it is solid. i don't see imbalances. it is the longer-term questions about the ramifications of keeping rate at these levels. having had it read at these levels for so long, the bigge

i don't follow sports very much, but i learned a lot from the great one of hockey, wayne gretzky.said his strategy was always to go where the puck was heading not where it is. he read the game, as somebody said in magnificent way. and that's what we journalists should try to do, try to see where the puck, the news, the events are going. and to be there when it happens so we can put it in context. and when you do that you gain a certain authority from being right more often than wrong. >> jon: do you think journalism is in trouble because it's lost that authority, the will to exercise that authority, the ability to exercise that authority? what's... where would you say is the biggest lapse that you see? >> i think we're lost in what... i believe it was whitman or thorough called the mere smoke of opinion. the news is about what people want to keep hitting. everything else is publicity. people don't want to keep their opinions hidden. they want to keep the facts hidden. it takes a lot of money a lot of time, a lot of effort to explore the facts and bring them out. so a lot of news o

this guy may be the new boss right along with steve this guy drives off the feat to long married wayne gretzky'sgoing for. - 6 he leads after one round 66 or better in the opening round of the major three times in a single season. g. bush next play saturday night on the 49ers' opened exhibition season in houston tons. elissa's hey l orgy bush can do. let's face it the city's exhibition games in such ripoffs. you pay full price and the stars don't play mutchkin. a place series of two navarro moment all last season rehabing and the injury. so there you go exhibition football. ready go saturday night for the forty- niners. of course you'll want to get the review of that program and tell you how you can get moment. first exhibition game the raiders they enjoyed a preview screening of the new movie straight outta compton. elements of lies to himself a longtime raiders fan dating back there, and loss analysts and jack del rio practice game but sounds like he's ready. meanwhile the sports program sunday night big recap of football and the giants and a's as well the are still in chicago for the owners'

that's like using wayne gretzky's hockey stick. >> oddly enough, none of it seems to rub off. >> i meant for her to sit at the keyboard. want to take a little backlit drive-thru the road through the microsoft network? i will keep both hands on the keyboard i promise. >> smooth. i think i have to go with no. >> this video came out a year after "friends" premiered and proves the internet was obsessed even back in 1995. >>> for a lot of people the world changed 40 years ago today and music hasn't been the same since. what happened? take a listen. baby, we were born to run >> yes. it was august 25, 1975 that bruce stringstein released "born to run," his album that took him from promising artist to legend. it landed him on the covers of time and newsweek in the same week. >> wouldn't it be cool to have one of the original albums. i would love it. maybe like this one? signed by springsteen? >> you're like that kid. >> how did that find its way in here. >> yes, hello? oh, yes, we hate him, too. >> one of my favorite possessions right there. >> my mom went to high school with bruce springsteen.

it's the old wayne gretzky skate to where the puck is going to be.u think of greater penetration of renewables, what do you do when the wind doesn't blow and sun doesn't shine, have you to follow those resources with something and that something is likely to be natural gas. >> who would put something where the sun doesn't shine? that's an expression. >> that's rhetorical. >> yeah, right. >> is fed going to raise? you know about the fed. is fed going to raise in september still? >> you know, who knows. but i've said a million times on this show, what's more important than lift-off is trajectory. i think we had jay powell on, what, three weeks ago -- >> that was before what happened. >> yeah, yeah, yeah yeah. >> if you listen to larry summers, it sounds like you could have the ten-year yield, 2%, for a decade. >> look, you know, i don't get all that excited about when lift-off occurs. i really think, you know, there's enough good data in the united states that they could probably go forward in september if they wanted to. they may delay to december. wh