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I certainly think they have a right to be a bit cautious or unnerved at this point. It certainly seems the bias for rates is upward. The bond market has been in a 30year bull trend. That has bailed out a lot of bond investors. Yields keep going down and returns are good. Hate to argue with him, but i think he is maybe too pessimistic about where bonds are. We will be in a 2. 4 to 2. 7 sort of range. We are in an environment where you will definitely see those bond yields head back towards to 2. 6 or 2. 7 level. But i am very pessimistic about the probability we can get higher than that. It is ...

Right to be a bit cautious or unnerved at this point. It certainly seems the bias for rates is upward. The bond market has been in a 30year bull trend. That has bailed out a lot of bond investors. Yields keep going down and returns are good. Hate to argue with him, but i think he is maybe too pessimistic about where bonds are. We will be in a 2. 4 to 2. 7 sort of range. We are in an environment where you will definitely see those bond yields head back towards to 2. 6 or 2. 7 level. But i am very pessimistic about the probability we can get higher than that. It is just a question of pace and pa...

Cities regarding the immigration law. In San Francisco 1. 2 of t 1. Citys 9 billion budget was at stake, as the city worked on the budget. The court sided with San Francisco on every issue over President Trumps executive order on sanctuary cities and also that San Francisco wouldnt stand by. This is why we have courts. The attorney general and president either dont understand the constitution or choose to ignore it. This is why we have stand up. This is not just a victory for the cities but also in my opinion it gives a little more calm to the residents of San Francisco particularly immigrant ...

Retreat. Worlds biggest miner says it considers shale sale. Rishad another veteran returns to help the twitter revival. Absolutely who said what to whom . Lets bring up the chart. This message is coming out of the white house. Did donald trump obstruct justice when he asked the former fbi boss james comey to stop the investigation against the now flynn. D mike ,e have gold positions reduced but will it come back on the back of all this. We will be discussing that. We will look at another company who has been slumping after this news has been breaking. More noise coming out of the white house. ...

Good monday morning. Welcome to squawk alley. Joining us here, jon fortt, myself, mike san tolo. Well get to kayla tausche. The trump rally rolling on, the dow about a third of a point off 20k friday afternoon but reversing gains this morning. Now about 65 points away. Joining us to talk about that, cnbc senior markets common tator mike santoli and guys, good morning. Michael, got a nice postup, arguing that if the rally were truly about trump policies being enacted, this would have stopped working a while ago. Yeah, and in fact, in some measures, it has stopped working. Looking at the past mo...