jonathan: jim keenan, lisa shalett, zach griffiths.new york city, we will see you at the same time, same place next week. this was bloomberg "real yield." from new york city, this is bloomberg. ♪ mark: i'm mark crumpton with bloomberg first word news. the first omicron cases in the united states were collected mostly in vaccinated people who experience mild illnesses with only one hospitalization and no deaths reported so far. that is from the centers for disease 75% of the 43 confirmed cases of omicron are in those that are fully vaccinated. a mouse bite is at the center of an investigation into a possible new covid-19 outbreak in taiwan, after a worker at a research institute was confirmed as the island's first local case in more than a month. the health minister said the worker tested positive after being bitten twice by an infected lab mouse but that further investigation is needed to determine whether the bites were the source. president biden has assured the ukrainian president

zach griffiths on this market. the tens right now 1.49.y: the.2 spread sitting around 70 basis points. that is substantial further flattening the has to go, and i wonder how that translates into the equity market. jonathan: i am wondering how fully we have digested the shift from the federal reserve. i think back to that news conference, i sat through it with lisa and tom. got to the end of it and i looked up and saw the equity market rallying. the equity markets up thinking it must have been dovish. i went back through it, and there was nothing about that news conference that sounded that dovish, that sounded like a federal reserve that wanted to accelerate things. clear emphasis shift going into 2022. matt: i watched your special, the fed decides -- great name, by the way. then in our coverage the next morning, everyone was saying it was a dovish-hawkish tilt or a dovish-hawkish of it, which i thought was kind of a strange phrase. i did not see anything dovish about it either. i suppose you could have had some by the rumor sell the news.