and it was rick who gave his father the biggest gift. >> i think that rick has, you know, really made me fulfill my life as a father. what's the secret? just having a great son, i guess. >> we celebrate dick hoyt and his family. good night. you actually are always days weeks most normality of self- worth are telling a year later, who could have ever guess what we are convinced of the world would face in 2020 and it is going into 2000 2100 q4 audience. >> reporter: we will never forget the scene that we saw the first, six counties entered into the shelter in place order. the most bustling street became the landmark bridges and part train stations is the get the first trip to the store. the bay area was the first one to take the drastic step here is what it has meant there was a sacrifice there were people that did not make it through this pandemic there were businesses but they were around since i was born that could not make it, our children have suffered seniors in isolation suffered. our mental health treatment at the time the shelter place was set for one month and as we know it wa

i want to ask you about rick singer. we have heard so much about him and one thing that interests me, when he was in sacramento and then he got into l.a., and you say -- you point out it was the sacramento effect where singer was previously only times ten. one thing that interests me about singer is, in l.a. it seems -- connections matter. get into social circles. hough did he end up infiltrating those circles so that he was so well-known and so deep in all of these private high schools, like it just an interesting character to kind of come from another place and get in to those social circles. how was he able to get into the circle? >> yes, justing the contact with sacramento because rick started his business in the early 90s in sacramento it and was pure word of mouth and sacramento is different vibe and place and culture, and then early won it was legitimate, wasn't cheating going on, but he would work with the kid and get them in and -- like the old farced wood of mouth and one parent talked to other parent and it gr

rick, cio over at state street. rick, always great to get your perspective. respectfully, sir, you and i have lived through, along with annmarie, dislocations in the bond market. 1994, 2013, 1997, there's is a variety of them. your assessment of what took place last week in the bond market. is it a pure regime shift or just a blip? rick: i think it's a little bit more than a blip. it's a catching up, accumulation of information about the fiscal stimulus, how far we are through the pandemic, how far we've got to go in terms of improvement. you've got to keep in mind changes in market, microstructure, the additional factors that have affected how quickly bonds a react. -- bonds react. when you do get a reevaluation, they can suddenly gain traction in a way that moves markets very quickly, particularly in bond markets. although there are liquid markets in the world, what we saw in march, 2020, is there are technical deficiencies in the fixed income market, particularly in areas where you've got fast markets that can accelerate problems. you've got people working

and it was rick who gave his father the biggest gift. >> i think that rick has, you know, really made me fulfill my life as a father. what's the secret? just having a great son, i guess. >> we celebrate dick hoyt and his family. good night. >>> one year ago. that is when we first started to shelter in place. tonight, a look at what we have been through and what we have to look forward to. >> i'm laura anthony and in solano county, residents between the ages of 50 and 64 are now eligible to get vaccinated. >>> i'm cornell bernard in san mateo county where this year's center patrick's day celebration feels a lot luckier and freer thanks to a move to the orange tier. >> building a better bay area for a safer and secure future this is abc7 news. >>> we begin with a success story, the bay area county advancing vaccine eligibility and can get you in and out with your shot in under 30 minutes. good evening and thanks for joining us. i am i'm a dates. -- ama daetz. >>> there are only -- get the coronavirus vaccine and that is solano county. >> if you have a qualifying health condition, you ca

rick communicating through a computer. in 1977 rick asked his father if they could run in a charity race together. dad not a runner at the time said he would do it. and they finished next to last. dick not knowing this was only the starting line of a whole new adventure. >> we get home that night rick wrote on his computer, dad, when you're running it feels like my disability disappears. powerful message to me. >> reporter: they kept running and running. the boston marathon, 32 me 1,00 including several iron mans. dick pulling his son on a raft. >> i'm amazed at what i'm doing, i'm running faster now when i'm 60 years old than when i was 18. >> reporter: today a statue stands in honor of team hoyt near the starting line of the boston marathon. >> i think that rick has, you know, really made me fulfill my life as a father. what's the secret? just having a great time, i guess. >> reporter: mr. hoyt passed away in his sleep at the age of 80. in addition to the 1100 races he founded a nonprofit called the hoyt foundation helpi

>> the thing is, rick singer had been around. he started independent counseling in the early 90s and from then on he was at these colleges and one thing i learned and this was after the book was turned in, maybe not in the book but coaches knew him. johan love it, the water polo coach at usc he's fighting the charges but his lawyer said he known rick forever beforeit turned into the scandal . rick was at the colleges talking to coaches about how to get kids in as recruits whether it was a walk-on or a scholarship or whatever legitimately so he knew this and another conversation i had post book was with someone who is familiar with the athletic department at ucla and i remember saying everybody knew rick, he was this very maniacal aggressive relentless person who is in people's faces so i think he had through his legitimate work got to know the lay of the land and the personalities and he knew where to prep and who was going to give . >> there was still so many people involved. by the way this is a great book, it's really a page t

rick: thanks for having me. it really is a stark difference between this administration and the last administration. it is no secret that i had my frustrations with the slow rollout of an overall response to the pandemic, and this continued to increase my frustrations as we missed the ball on getting testing across our country, getting vaccines made and vaccine rollout. what we see now with the biden adminstration is a complete 180 turnaround. a lot of communication with the state and local levels from the federal government. a lot of collaboration, transparency. you are starting to see that pay off in dividends with the rollout of the vaccine. we have more than double the vaccination rate now that we had on january 20. we have more people getting treated. we have more testing being done. the passage of this american rescue plan is a true commitment to make sure we can get through the pandemic. jonathan: we struggle with testing in the united kingdom, but seem to do a much better job with sequencing and understa

rick michigan, columbia professor, -- rick mishkin, columbia professor and former fed governor. ♪ guy: coming up in the next hour, peter oppenheimer from goldman sachs is going to be joining us. he is, to say the least, quite positive on stocks. we will get his take and just a moment. this is bloomberg. ♪ it's moving day. and while her friends are doing the heavy lifting, jess is busy moving her xfinity internet and tv services. it only takes about a minute. wait, a minute? but what have you been doing for the last two hours? ...delegating? oh, good one. move your xfinity services without breaking a sweat. xfinity makes moving easy. go online to transfer your services in about a minute. get started today. ♪ guy: live from london, i'm guy johnson. kailey leinz is over in new york. this is "bloomberg markets." an unforced error. that is dr. fauci's view of astrazeneca's latest to stumble. astra now says it will release up to date data within 48 hours. the eu says it will share supply of astra's shots produced out of the netherlands, but it should just be a fraction of the jabs based

>> and those that says that best we can that rick singers at the hub. and then when rick talks to most of these people they never say it's a bribe. i don't think the word bribe was ever used because it's a thing going on. and then rick's operation itself accountant and paperwork but this loan guy running this huge organization and there was a group that was a little suspicious one of the favorite scenes in the book felicity huffman rights when they go to the high school so he goes to school. to confront essentially who is the high school counselor who was then skeptical and suspicious of those students so it seems to be a little widespread and so to describe the collapse and the students are really paying attention to the counselors. not just marymount but other high schools? i get the sense it's because the money and the power and those that are using the school counselors just don't have time to police them all? is that money and power? clearly there was suspicion on the high school part. >> i think it's both of those. that there is a strange dance fo

>> it is good to be with you i think rick hit on something important. if you try to figure out what $1.9 trillion means i will say it this way. it means that the collapse between potential and real gdp is upon us once you get to that point because of this massive stimulus you are going to get inflation you are going to get short ans you already have commodity prices at decade highs and treasury yields will go back up. if the market were not arbitrating this in the form of long term rates going higher i would have genuine concerns. right now, as we really forecast because of the out of phase nature between fed policy and fiscal policy we are going to overcook it. >> james mcdonald, do we have to look at the market differently as i said earlier, it's not a sort of a run of the mill recession, it is not a great financial crisis it is financial devastation for 10 or 20 million families at that work in industries that have been decimated. the rest of the economy seems to be doing fairly well do we need to look at this very differently? if so, how do we tweak

rick, we'll start with you. let's look at the agenda items the president mentioned during his news conference. you got 200 million covid vaccines in 100 days he's promising. he's thinking about getting $3 trillion infrastructure bill across the finish of line. he wants to make changes to gun control, which we just talked about. more changes to immigration and border control. he wants to pull the troops out of afghanistan by the year's end instead of by president trump's deadline by may 1st. which of these things is going to be the hardest to do? it's a laundry list, but pick from that list where you think the biggest fight awaits. >> i'm sorry? >> that's to you, rick. >> well, immigration is probably one of the biggest challenges because we really need to change way we think about immigration and asylum and the people they're coming and why they're coming. it's happening now at the border. it's more humane, but it's not humane. we need to be able to do what's right. i think biden is doing what's right. he's not

rick is a quadriplegic who was born with severe cerebral palsy. dick and his wife were told there was little that could be done for rick. they rejected that diagnosis. mom and dad read to their son constantly and taught him as they would any child. dick invested money and pushed engineers to develop a computer that allowed rick to communicate with head movements. at the age of 12, rick stunned his parents with his first words, go bruins. the next year, rick entered public schools and eventually, improbably, graduated from boston university with a degree in special education. rick was a teenager when he asked his dad if he could compete in a local five mile run. together, the pair finished the race with dick pushing his son in a wheelchair. they quickly became racing stars known as team hoyt, finishing their first of 32 boston marathons in 1980 and breaking new ground forathletes with disabilities around the world. in 2013, a year before the hoyts last boston marathon together, a statue of them was dedicated near the starting line. >> our message i

[applause] >> thank you, rick, so much. i would like introduce michael cohen, one of the founding partners of strata group. so let's all welcome michael cohen. [applause] >> as you can see if you look behind you, 53 colton is part of a larger project. as the mayor alluded to, we've got almost 600 units of market rate units under construction. we have a state-of-the-art new union hall. there will be that beautiful park that's really important for a neighbor that's underserved by open space, which is the joseph p. mazzola gardens, and the reason we're here today which is a first of its kind project in that 53 colton is supportive permanent affordable housing that's part of a larger development project. this project was not easy. it's got incredible complexity, a lot of moving parts, but we are immensely proud of it, and i think especially 53 colton, where through some of the unique transactional structures that mayor breed was alluding to, including us contributing the land and $10 million of private equity allow us collectiv

rick: you bet. pete: coming up as college campuses across america stay closed some students are wondering if their leaders, just playing politics. >> i mean like if you're getting support from a certain group of people you kind of want to meet their needs. pete: we'll talk to one of the students about calls to open up campuses. we made usaa insurance for members like kate. a former army medic, made of the flexibility to handle whatever monday has in store and tackle four things at once. so when her car got hit, she didn't worry. she simply filed a claim on her usaa app and said... i got this. usaa insurance is made the way kate needs it - easy. she can even pick her payment plan so it's easy on her budget and her life. usaa. what you're made of, we're made for. usaa. like you, my hands are everything to me. but i was diagnosed with dupuytren's contracture. and it got to the point where things i took for granted got tougher to do. thought surgery was my only option. turns out i was wrong. so when a h

rick was it yeah rick's our producer for system of a down he's produced all 5 records of the band a very good friend and he was very supportive of the political undertone undertones and social political actions of the band he understood it he is a he is a fan of the clash and all these bands you know political bands and he understood that that's a part of what we do along with all the other you know musical. kind of gymnastics and everything that the band is known for. so he's always been supportive i mean he's gone from hip hop to johnny cash to chili peppers to us and so many different you know pop icons and yeah and then you get michael moore i mean stall if you get michael moore who already thank the dixie chicks on the also has to direct this video with. our old prime minister here tony blair you still think just talking about how we should deal with coronavirus actually and bush for a tell me about getting michael moore on board right so i had met michael in new york through a good friend of mine's number a look around rage against the machine and when we were when we were putting

rick murphy talks about his book arrival of the first africans in virginia, which profiles the 20th africans who arrived in jamestown colony and hundred 19. the group included murphy zone ancestors. the virginia museum of history and culture hosted event and provided the video. >> today's a lecture takes place about 200 years prior. in the 1619, a group of african men and women arrived on the shores of virginia. they had been kidnapped in the city outside angola and forced onto spanish slave ships, and one bautista. the ship was attacked, and they were taken by the english to their new colony. this group has been shrouded in controversy ever since. today, our speaker is rick murphy, and historian who explains the rich contributions made by african americans and united states history. rick has a bachelors degree from the university of massachusetts, and a masters degree from boston university. he is the author of several books, including the subject of today's lecture, arrival of the first africans in virginia, which explores the fascinating story of colonialism, treason, piracy, kidnapping,

rick, not the rick that we have been covering in years past, a different rick gates. thank you for joning us. talk to me about how you are deciding who gets what and where. there are place that's are relatively easy, but there are a lot of pharmacies that don't have that. so how are you deciding who gets what? >> first i'm glad to be on with you today and we share your enthusiasm. i think the more vaccine we get the better we can accelerate the process itself. i think it is very important what you just asked. and i think what they were saying is states determine what vaccines we get, and obviously that is added through the state or through the federal retail pharmacy program. and our job is to make sure we can get access of the vaccines out into all of the communities that we serve. so i think what you will see is that we need more vaccine. i think that is absolutely what we need. and we can absolutely start to accelerate from there and start to get into some of the community that's have been really heavily hit by covid. >> i think some people might consider this vacc

and on a broader scale rick you know why are we seeing so many nations bolster their space programs now where one point it was all legit just 2 countries is this being pushed by that private space industry that we talked about so much there in the beginning of the show. yeah i think this is one of those cases where people in different leaders in the world are starting to realize. that this is important. and that you know it's almost like in the old old age an explorer ation that people are starting to understand the implications of the fact that we're sitting in a vast solar system raising. capabilities or going out into it and they're just starting to to to get on board and then you know they look over their shoulder and they see a potential political enemy or somebody who needs and they think of rick tomlinson unfortunately we are out of time we could spend hours talking about this as we said earlier founder of space fund space frontier foundation and earth life foundational have again soon thank you so much. and that's it for this time you can catch boom bust on demand on portable t.

rick was it yeah rick's our producer for system of a down he's produced all 5 records of the band a very good friend and he was very supportive of the political undertone undertones and social political actions of the band he understood it he is a he is a fan of the clash and all these bands you know political bands and he understood that that's a part of what we do along with all the other you know musical. kind of gymnastics and everything that the band is known for. so he's always been supportive i mean he's gone from hip hop to johnny cash to chili peppers to us and so many different you know pop icons and yeah and then you get michael moore i mean stall if you get michael moore who already thank the dixie chicks on the also has to direct this video with. our old prime minister here tony blair you still think just talking about how we should deal with corona virus actually and bush for a tell me about getting michael moore on board right so i had met michael in new york through a good friend of mine's number alone run rage against the machine and when we were when we were putting out

joining us now is that instructor, rick ramose, clea rico, brother rico . >> thank you for having me >> a quick intro for the audience, you are filipino american, nato of san francisco, you teach filipino martial arts, tell us about where you teach and what you are offering . >> i teach out of south san francisco, there's a gym over there on grand avenue. it's called physique magna feet . if you want to combine or just get fed it's the place to go . >> there been a lot of attacks and you are motivated to have people be able to protect themselves, what are you offering? >> here is what we are offering. what were trying to do because what i've seen in the news of late and all the trouble people of been having a we decided why not give out free classes to anybody who might be able to use it, and, here is the thing. i don't want people to get the wrong impression. i'm not going to teach you how to beat up everybody but what we are teaching is how to be more aware of your surroundings, how to not be a victim and, while we are going to do some physical stuff, it's all about release and run

the red planet 150000000 miles away from boom bust john hardy for more on all of this let's bring in rick tumlinson founder of space fund the space frontier foundation and earth light foundation how do you have time to be such afficionado in space we have so many foundations rick how i want to start my thought here about some of the destinations for space programs as we just heard from john hardy there russia and china have signed an agreement to work together on a scientific station on the moon while nasa plans to land the 1st woman and the next man on the moon by 2024 what's the significance of returning to the lunar surface. well basically you know that it's like an island shore. you know it's close announced on where we can get back and forth as fairly quickly you know complete days 3 days. but it also allows us to learn how to operate. on all the worlds so you know it's needed radiation and you've got zack you know. if you can handle that and learn how to operate there well then you can pretty well go anywhere did we do a disservice by kind of i don't want to say abandoning the space

rick was it yeah rick's our producer for system of a down he's produced all 5 records of the band a very good friend and he was very supportive of the political undertone undertones and social political actions of the band he understood it he is a he is a fan of the clash and all these bands you know political bands and he understood that that's a part of what we do along with all the other you know musical. kind of gymnastics and everything that the band is known for. so he's always been supportive i mean he's gone from hip hop to johnny cash to chili peppers to us and so many different you know pop icons and yeah and then you have michael moore i mean stall if you get michael moore who already thank the dixie chicks in the also has to direct this video with. our old prime minister here tony blair you still think just talking about how we should deal with coronavirus actually and bush for a tell me about getting michael moore on board right so i had met michael in new york through a good friend of mine's number a look around rage against the machine and when we were when we were putting

rick was it yeah rick's our producer for system of a down he's produced all 5 records of the band a very good friend and he was very supportive of the political undertone undertones and social political actions of the band he understood it he is a he is a fan of the clash and all these bands you know political bands and he understood that that's a part of what we do along with all the other you know musical. kind of gymnastics and everything that the band is known for. so he's always been supportive i mean he's gone from hip hop to johnny cash to chili peppers to us and so many different you know pop icons and yeah and then you get michael moore i mean stall if you get michael moore who already thank the dixie chicks on the also has to direct this video with. our old prime minister here tony blair you still think just talking about how we should deal with corona virus actually and bush for a tell me about getting michael moore on board right so i had met michael in new york through a good friend of mine's number a look back rage against the machine and when we were when we were putting o

>> rick. left you probably could have put banks on the south grounds after that. >> i'm still dealing with the secret service race, so that is why i am laughing. it's a different relationship than it was on the 30th. >> we took full advantage of it. how is that? >> i would say so. jerry park told me. he said he put -- on the white house. he was utterly astonished at the number of old ladies visiting from the south that he removed handguns from their purposes. trying to get in. he was like how many guns were walking around the white house. >> they cut my young nephew, coming into one of the white house easter egg hunts, he had to the northwest gate with my nephew and walked up and i met him, he's, 12 all of a sudden he realized there were metal that sectors. that made security go up to ten. >> did your kid become agent? >> yes, yes. >> didn't you guys like -- never getting in and out of a in secure place. you're saying. you said earlier we have not had a attempt like this on the president or an

where will stocks go ahead of the fed let's go to rick in chicago. rick, my parents always told me not to confuse what i wanted from what i needed very different things. i'll ask you both, what is the bond market want from the fed and what does the bond market need from the fed? >> the bond market wants is a life of its own without some thumbs on the scale trying to keep rates lower than they ought to be. we're still buying 120 billion a month, 80 billion of treasuries, 40 billion of mortgages. what it needs? what it needs is a very difficult question to answer we need to ask investors what it needs because they are at the end of the food chain with regard to that meaning and what they want and what they need now are rates to reflect the real risk versus reward profile they do not. very quickly, 30s are now comping back to august of 2019 you're right, january of '20 for tens, the yield curve tends to twos, five and a half year wide and if you consider right now that the fed is trying to in essence not take away some of the requirements for capital th

tennessee congressman mark green, north dakota senator kramer and lee zeal don and florida senator rick scott all coming up. another stimulus package aimed at infrastructure is looming to the tune of $3 trillion. how the administration expects to fund all of these massive spending plans. markets this morning are pulling back. take a look at futures indicating a decline at the start of trading after a day of gain, dow industrials down 160. nasdaq down 43 and s&p 500 lower by 20 points this morning. all three major indices finishing in the green yesterday due to growth stock leading the market, stabilizing bond yields also helping. dow industrials finished up 103 at the close and nasdaq up 162 and the s&p 500 higher by 27 at 4:00 o'clock on wall street yesterday. markets in europe, take a look at european indices which are lower across the board.

rick was the boy a spastic quadriplegic with cerebral palsy. he has never walked or talked out loud early on he was told to put him in an institution. instead, dick and his wife did the opposite raised at home with his two brothers, rick did everything they did then when rick was a teen, they started running together to support another young man who was paralyzed. dick was 40 years old at the time. >> everybody thaulgt that we would just go up to the corner and turn around and come back. we didn't, we finished the whole five miles, coming in next to last but not last. >> reporter: it continued for more than 40 years dick pushing his son so he could soar across each finish line. >> when my dad and i run, the adrenaline rush is unbelievable. >> reporter: team hoyt completed more than 1,100 races including 257 triathlons, six iron mans, 72 marathons, including 32 in boston their last in 2014 in honor of those injured in the tragic 2013 bombing. a boston marathon legend, hoyt was named grand marshal of the event in 2015, a bronze statue of him and

rick, we will really miss you. i know that we don't always talk about people who are retiring or leaving, but because the commissioners and our c.d. o. partners work so closely with our o.c.p.t., i wanted to give a shout out to rick and thank you for all the work you have done. i know last month we said that this month we would do a report on our services to veterans. to talk a little about how the county of veterans service works and then talk about some of the c.b.o. partnerships we have, kind of what makes up our services for veterans. unfortunately, due to the fact that many of our staff are deployed in other efforts, we just did not pull that off for this month. i apologize for that on behalf of our department, but we will have that report and be fully ready for that report next meeting, in our april commission meeting. so, president, i apologize for that and we will be ready next time. i think that is it. i will answer any questions that people have for me. >> chairwoman: okay. great, thank you so much for so

and on a broader scale rick you know why are we seeing so many nations bolster their space programs now where one point it was all legit just 2 countries is this being pushed by that private space industry that we talked about so much there in the beginning of the show so. yeah i think this is one of those cases where people are different to leaders in the world are starting to realize. that this is important. and that you know it's almost like in the old old age an explorer ation that people are starting to understand the implications of the fact that we're sitting in a vast solar system raising. capabilities or going out into it and they're just starting to to to get on board and then you know they look over their shoulder and they see a potential political enemy or somebody. and they think. rick tumlinson unfortunately we are out of time we could spend hours talking about this as we said earlier founder of space fund space frontier foundation and earth life foundational have again soon thank you so much. and that's it for this time you can catch boom bust on demand on portable t.v. w

. >> turning to you, rick, second straight day whether a bond auction came and went without interest rates having a major interest impact on stocks. >> it's fascinating. well, they moved, but didn't move aggressively. c-minus was the grade i gave the 10s and 30s. i think i was being generous, but we do want to concentration on the hedge funds, mutual did have a present that was the best since september. as bob pointed out, the dow and tens getting along much more than the other two indices, but the real issue is guns hot or not, we get above 160 or maybe equities won't be so happy with interest rate complex. >> so, gentlemen, have we seen, rick, the biggest rise in interest rates that you expect or the market that your spiedy sense tells you the market is signaling? >> yes, tyler i don't want to be picking tops, it's all dangerous especially when we've come so many points off the highs and closes but i do think central banks didn't do all of this top it blow up and see interest rates blow up. the problem is inflation, but not in the traditional sense we know what's coming, and they s

>> reporter: rick st. john is trying to help doctors at stanford crack an ongoing mystery of the covid virus, why some patients are still experiencing symptoms months after being infected. the group known as long haulers. >> i would start to feel better and then i would get worse. and then i would feel a little better and then i would get worse. >> reporter: especially frustrating for an avid skier and runner who found himself out of breath with recurring bouts of fatigue. >> headaches, fatigue, na i had brain fog. >> we were surprised as to how many people continue to have symptoms many months into, you know, after their diagnosis. >> reporter: for months dr. a aruna subramanian and a growing team at stanford have been studying roughly 100 long haul patients putting them through a dizzying battery of tests including strength. >> and go and release. >> reporter: breathing. >> in and out nice and easy. >> reporter: movement. >> in about 30 seconds i'm going to tell you to stop. >> reporter: and lung conditi

rick: muth joins us with the latest forecast. rick? rick: most of the month you get snowstorms in the state of colorado. the denver area. we'll see weather moving across southern iowa. we still have the rain and blizzard warnings in effect across parts of nebraska, south dakota, parts of wyoming as well. very windy storm along with the heavy snow that is falling. you see the rainy side? some spots cross areas of kansas and nebraska. maybe four to five inches of rain. that will cause significant flooding unfortunately. throughout the day this pulls farther off towards the east. i think the severe weather threat today is diminished from yesterday. not in the much of tornadoes and stronger winds. snowy side continues. overnight a lot of snow. throughout much of the day today, we'll continue to see the snow pile up, especially once you get little bit elevation to the west of denver area. north of that that will be the bull's-eye. a lot of drought going across parts of the west. this is colorado. hopefully we'll get snow that well hip a lit

to the bond market we go rick santelli is tracking the action at the cme. hi, rick. >> hi. indeed, a wild day, but as you look at a chart going back to last thursday on ten-year note yields you will see we took out last thursday's spike, then we drifted. it is normal for a friday. stocks have been on the soft side they are going up. treasury rates, of course they have been pushing them up, to you they are buying and pushing them down. up 13 on the week. fifth week in row it is up one week worth of boons. down a lit the distance seems to be growing. tens minus twos, the chart in november all the spreads are so wide because the long end is doing all the heavy lifting. over five and a half years since we have been there tens to boons now they are hovering a the widest of the year we need to pay attention to that year to date, the dollar index january, under 90. the dollar has been on the strength side this week. tyler, back to you. >> thank you very much, rick it has been a wild session for stocks because of the rising rates that rick just pointed out. the market has reversed

rick santelli is tracking the action at the cme. rick >> what a wild day keep in mind one of the reasons you see ten-year note yields, 30s are up three, 10s are up seven. traders are trying to get even if you look at a year to date of 10s, our current high close, right towards the end of february is 152. right now it looks like we'll put that away and come up with a fresh close going back to february and if you look at 30s, pretty similar situation. 228 from the 25th of february, zoom the chart back, that chart is going to read about a 14-point high close as we're hovering at about 231. if you consider that jay powell has been the catalyst to this, or his talk about, many were asking what happens with the dollar index well, we have a nice clue. it's stronger. look, it looks to close potentially at the highest levels since november. let's call it a three-month high tyler, back to you. >> why does it move? it moves up, for people who don't understand it, it would move up on the prospect that interest rates will move up, correct? >> ab

go on. >> we pay the fed, rick, to be between a rock and a hard price. if companies raise prices to a certain level and they stay there that's not inflation that's a rise in the price level. inflation is the rise of growth. you could have a one-time rise in the price level and not inflation. that's a transitory thing. >> okay. >> let's put that to a poll to the american people and see what they think about that. >> you got to pay more, it feels like inflation >> right doesn't go up anymore we're all good i agree with you. >> steve and rick, thank you so much. >>> coming up, goldman sachs had a record high as rates move higher and while that's good for business it is hitting employees hard we have a special report. >>> plus shake shack saying it will deliver nationwide in a deal with uber eats and that's paid off the stock is up. we'll seek speak to the ceo later this hour. much more "power lunch" straight ahead. >>> welcome back financial sector at all-time highs with 27 components hitting 52-week highs today. junior annualests at goldman complain of a c

rick santelli is standing by with breaking economic news. good morning >> yes, good morning we expected starts to be down for a second month january was down big, and we were correct we expected a number around 1.56 million seasonally adjusted annualized units we're way below that 1.421 million seasonally adjusted annualized units. that's down 10%. last time we were at 1.421 was quite a while ago. you'd have to go back to august. permits dropped as well from an expected number somewhere around 1.7, 1.8 million seasonally adjusted annualized units to 1.682. that's a drop from over 10% as well but of course permits have been skating much stronger as of late that only back to just about november of last year. consider this. permits are well above pre-pandemic levels by over 20%. we all know that multi-family was the biggest part of starts we see all of these commodity prices, lumber, crude, copper. big question today on fed day is that atm wealth effect pulled out 1$150 i think billion last year on mortgages at those price surges that continued

rick was it yeah rick's our producer for system of a down he's produced all 5 records of the band a very good friend and he was very supportive of the political undertone undertones and socio political actions of the band he understood it he is a he is a fan of the clash and all these bands you know political bands and he understood that that's a part of what we do along with all the other you know musical. kind of gymnastics and everything that the band is known for. so he's always been supportive i mean he's gone from hip hop to johnny cash to chili peppers to us and so many different you know pop icons and yeah and then you get michael moore i mean stall if you get michael moore who already thank the dixie chicks on the also because to direct this video with. our old prime minister his tony blair he still features talking about how we should deal with coronavirus actually and bush for a tell me about getting michael morell. right so i had met michael in new york through a good friend of mine's number a look at the band rage against the machine and when we were when we were putting out

. >>> rick murphy talks about his book arrival of the first africans in virginia, with profiles the 20 and odd africans who arrived in jamestown colony in 1619. this group included murphy's own ancestors. the virginia museum of history and culture hosted this event and provided the video. >> today's lecture takes place about 200 years prior to that event of creole, in 1619, a group of 32 african men, women and children, arrived on the shores of virginia. they had been kidnapped in the city of cabasa in angola and forced to board the spanish slave ship san juan batista. the ship was attacked by private tears and the captains were taken by english to their new hope colony. but this group has been shrouded in controversy ever since. today, our speaker is rick murphy who is an acclaimed historian and award-winning author, who explores the rich contributions made by african-americans in the united states history. rick has a bachelor's degree from the university of massachusetts, and a master's degree from boston university. he's the author of several books, including the subject of today's

rick was it yeah rick's our producer for system of a down he's produced all 5 records of the band a very good friend and he was very supportive of the political undertone undertones and socio political actions of the band he understood it he is a he is a fan of the clash and all these bands you know political bands and he understood that that's a part of what we do along with all the other you know musical. kind of gymnastics and everything that the band is known for. so he's always been supportive i mean he's gone from hip hop to johnny cash to chili peppers to us and so many different you know pop icons and yeah and then you get michael moore i mean stall if you get michael moore who already thank the dixie chicks on the also because to direct this video with. our old prime minister his tony blair he still features talking about how we should deal with corona virus actually and bush for a tell me about getting michael morell. right so i had met michael in new york through a good friend of mine's number alone in the brown rage against the machine and when we were when we were putting ou

rick santelli with a special guest involving interest rates rick. >> yes, and thank you. i'd like to welcome that special guest. jerome schneider thank you for joining me jerome is a manager director of pemco. more important for this discussion, head of short-term portfolio. jerome, welcome, and let's get right into it. we are throwing a lot of big numbers around these days. so i'd like to give you something and viewers something to really wrap their arms around how big these numbers are. 1 billion seconds ago, for example, was june of 1989. 1 trillion seconds ago was 29,667 b.c roughly 30,000 b.c we throw these numbers around like we yunderstand what they mean frm you want to weigh in on the potential we are going to be dumping another 1.9 trillion in debt into the system understanding people need help, but to think that that's an awful lot of money and much of it is going to be spent years down the road. your thoughts? >> well, i think it's important to recognize the fact that the federal reserve helped to create this momentum. we have seen a tremendous amount of the ba

was there rick management -- was there risk management? this is bloomberg. ♪ romaine: we want to welcome back all of our television viewers and radio listeners for our expanded coverage of the block trade blowout. all joining forces today like a superhero alliance. during this right now is nick dunbar, founder and editor of risky finance to talk a little more about what's going on. right to have you. there is a lot of concern as to how banks, particularly banks of this size could be caught holding the bag or at least some portion of the bag in this case. nick: pleasure to be with you tonight. it's incredible. you should have seen the emails i've been getting today from some of the employees at these banks. romaine: forward them. nick: people are really upset. we are talking about half a year worth of income and that's going to hurt everybody. there's going to be a lot of anger at the failure of risk management and a big postmortem going on. joe: low ups in the industry happen from time to time, but we are not used to them in just someone

rick was it yeah rick's our producer for system of a down he's produced all 5 records of the band a very good friend and he was very supportive of the political undertone undertones and social political actions of the band he understood it he is a he is a fan of the clash and all these bands you know political bands and he understood that that's a part of what we do along with all the other you know musical. kind of gymnastics and everything that the band is known for. so he's always been supportive i mean he's gone from hip hop to johnny cash to chili peppers to us and so many different you know pop icons and yeah and then you get michael moore i mean stall if you get michael moore who already thank the dixie chicks on the also because to direct this video with. our old prime minister his tony blair he still features talking about how we should deal with corona virus actually and bush for a tell me about getting michael moore on board right so i had met michael in new york through a good friend of mine's number a look around rage against the machine and when we were when we were putting

border monday the congressional delegation, tom homan, mark wernick unter morgan, and fort o'connell and rick goodenow, adam guillette and ken buck joining us with the major headlines of the day, remember democrats and the media accusing trouble downplaying the covid antivirus, democrats and the media call out for markers the forgiving the biden team a pass nearly two dozen lawmakers now worn biden is creating a covid super spreader dangerously overcrowded border facilities not testing border crossings enough texas governor greg abbott says abide in the administration is actually enriching drug and human trafficking cartel enabling those cartel to exploit women and children, the great number of states suing the biden administration plus we have the story tonight a sixth woman accuses governor cuomo of sexual harassment he faces the new impeachment resolution 90 lawmakers from both party demand cuomo be removed from office, cuomo is telling lawmakers to pressure them to drop their demand that he resign even cuomo's own book publishers stop promoting imprinting his book and also the washington

and i gave all of my old home movies to rick. and he he printed them digitally and that that was one of the pieces of film. how did you get interested in this topic? and how did you go about doing your research? i'm an exhibition curator primarily and i was doing an exhibition in saratoga springs, new york in a colleague of mine who would written a book about leisure in saratoga springs. ask me if i'd ever heard of the green book was about 20 years ago. and i had never heard of it at that point and i i was intrigued. and one of my graduate students who is from chicago. they i found that they had one at the university of chicago and one my graduate students. copied it for me, and that was my first green book and i started with the green book. but as i got into the research, i realized the story is much broader than the green book. it's really about the automobile. and the way that the automobile changed african-american life and so the story kind of expanded from there. then the question yeah in the middle. you said the green book

rick reichmuth is tracking it all. rick? >> charles, yeah, this is the early season for tornadoes. next couple months is really where the bulk of all tornado activity is and the severe weather across the u.s. we're getting into that right now. temperature-wise, you can see on the map here, we still have a little bit of space here for more severe weather. the cold air has settled in back behind this storm. that's one of the driving factors of the severe weather that we've seen. over 20 tornadoes. one tornado just today around the way cross, georgia area. one line of storms moving off parts of the southeast. storm prediction center has whittled down the severe threat a little bit. we had a moderate threat down. that has been lowered a bit or shrunk the size of the bulls eye of it. see the orange area where the hash marks are? that's where we stand a chance to see large tornadoes. so really no bad severe weather. one cell here that we're watching around the jacksonville, florida area and up to the north of that to north carolina, charlotte, to the north of charlotte. one strong storm.

that says, hey, check out this picture of my dog, it's so cute and you click on the linc and it's a rick ashley singing this fantastic song that's now stuck in all our heads for the rest of the day ♪ ♪ never going to give you up ♪ >>> is the fed rick rolling us or does the fed have our back? i don't think it's either. janet yellen and jerome powell and janet believing the same thing we've gotten a double dose right now very good news the fed has also told you as in the cpi numbers that inflation is transient and that this is a dynamic that if anything they're going to let the symmetry on the side of overshooting is also the market's friend. so what i worry about is when the fed is going to give us any indication of when they have to reverse field. but of course we've been most focussed on interest rates, and look at the ten-year i think the minute we fear the fed getting involved is when you'll see yields fall people believe that if you remove all the punch bowl here, you're going to see a lot of this go away and that would lead to a flight to quality i'm hoping in the short to med

today our speaker is rick murphy , an award-winning author. rick has a bachelors degree from the university of massachusetts and a masters from boston university. he is the author of several books, including the subject of today's lecture, "arrival of the first africans in virginia" which it stores -- explores the fascinating story of colonialism, kidnapping, and slavery in british law. please welcome rick murphy. -- ric murphy. ric: thank you for that warm welcome. i'm going to take you through the writing of that book, "the arrival of the first africans in virginia," and hopefully explain who the first africans were who arrived in virginia, and subsequently english america. when i first put pen to paper, excuse me, if you see me drinking water, i don't want to have to interrupt myself. my interest in this story, i hope would be the same interest that all of you have. when i put pen to paper, i wanted to talk about the historical significance of who these angolans were, where did they come from, the importance of african society that they had

he said that rick singer never stated that he would need to road anyone to the roster to get the money for his school's program. >> said he wants to donate $160,000 and would give the rest later. i took it as his deposit was that he would bring in more to consider and we would see how it would go. >> he was the first of nearly 60 people including actresses to face charges in connection with the $25 million scheme. wealthy parents paid singer to bribe officials and rig tests to get their kids in to top tier colleges. the film uses actors to recreate the wire tapped conversations which were taken from fbi transcripts. >> we will explain to you the process. >> in this scene he speaks to an eastern who paid to have someone improve his daughter's score. >> mark will look at her answers and then take the test and then ensure that whatever score we decide that we want to get he has it down to a -- it's unbelievable what he can do. >> the film shows how singer coached parents to make up their kid's athletic involvement. > say we have friends who will help him. >> because he is an athlete. >> b