it is without doubt weather for mr whippy.ithout doubt weather for mr whi - . , , , , it is without doubt weather for mr whiu. _, m it is without doubt weather for mr whiu. _, ' it is without doubt weather for mr whiu. __ ' .,, whippy. very busy, working 12 hours every single — whippy. very busy, working 12 hours every single day _ whippy. very busy, working 12 hours every single day in — whippy. very busy, working 12 hours every single day in the _ whippy. very busy, working 12 hours every single day in the heat, - whippy. very busy, working 12 hours every single day in the heat, and - every single day in the heat, and among and tuesday next week, it looks like it will be unbearable. here we go. looks like it will be unbearable. here we 90-— looks like it will be unbearable. here we go. keeping cool will be ke . here we go. keeping cool will be key. temperatures _ here we go. keeping cool will be key. temperatures are _ here we go. keeping cool will be key. temperatures are expected| here we go. keeping cool will be i key. te

it is without doubt weather for mr whippy, and at roundhay park in leeds, he's been doing a roaring trade's been extremely busy. we're just working 12 hours every single day, in the heat and obviously monday and tuesday next week, itjust looks like it's going to be unbearable. here we go. keeping cool is going to be key... ..with temperatures expected to reach the high 30s and even a0 celsius. concerned about my dogs, so i'm going to get her a paddling pool, try to keep her inside as much as possible, but then also i've got a mother in a nursing home so that's concerning me. so i've got a meeting today to find out what they're going to do to make sure that the residents are kept cool. doctors have warned it's not just the vulnerable who are at risk from such extreme heat. the uk health security agency says a far more moderate heatwave last summer led to over 1,600 excess deaths. and all this comes with hospitals already under mounting pressure because of the recent surge in covid cases and there's a particular warning from health officials today that patients shouldn't be left stuck in am

the bond market has been whippy this week.d to year has set the biggest range ever in terms of its weekly range. absolutely amazing. like about what is happened so far this year to the 10 year as well, -20, up to around 1.7. bond market is all over the place right now. the italian two-year today done by 21, nearly 22 basis points, despite the fact that we are seeing superstrong inflation coming out of the euro zone. the market is backing off of september from 50 basis points at the ecb to 25 basis points, so that is fascinating. brent crude is up 1.6% today as we continue to see the focus very much on what is happening in the energy markets right now. we are going to talk about the gas markets and the second half as well. that is going to be absolutely critical for europe as we figure out exact it was that economy is going to look like. up next, we will break it all down. we will talk about that inflation number out of the euro zone today. laura cooper is going to be joining us. that conversation next. this is bloomberg. ♪ >>

last week was incredibly whippy.e significantly on that 10 year yield? do you think it's going to stabilize around 3%? walk me through that bond trade. >> i wouldn't necessarily go by treasuries. a lot of fixed income securities, we love props over preferred stocks. the treasuries stabilize, that provides a bid for all assets. the 10 year is a key driver of the valuation. our value on the s&p is 4400 at roughly 3% 10 year. that would drop 15%. it doesn't just stabilize the bond market, it stabilizes the equity market. we are reasonably constructive. we don't think the next report will be good in july. the report the comes out in a week for june, the july report that comes out in august, commodities will be down, gas prices are down. our natural gas prices are down 33 percent while europe is skyrocketing. u.s. inflation should cool off in the fall. we think that's a good backdrop to move into assets. september and october are usually volatile. we could catch a pandemic level in the fall. buying dividends and fixed inc