we start on the markets because a day after wall street closed at new record highs the jitters have returned. but i don t seem to have a camera! what i can do is. you know what? you can look at my chair. we are coming back. hello, nice to see you again. shares have fallen sharply, oil had its steepest one day fall since last summer, and those bond yields the effective interest rates on government debt have soared again. the yield on the 10 year us treasury bond hit almost 1.75% its highest since the very start of the pandemic back injanuary 2020. what s that telling us? that investors are scared inflation is about to take off and interest rates will have to rise soon. that s despite reassurances to the contrary from the head of the federal reserve. we d had about a 45 basis point jump in that treasury yield, and during that time, that is when we saw the nasdaq sell off more than 10%. so the question here is, what does it look like on the chart now for the treasury yie
that s it for me. mike will be here at the top of the hour with more news. now on bbc news, it s hardtalk with stephen sackur. welcome to hardtalk. i m stephen sackur. millions of readers all over the world are drawn to fiction that explores our fears. horror sells, and no one does it better or more prolifically than my guest today, stephen king. he s written more than 60 books, sold close to 400 million copies. he is the master manipulator of dark places and the paranormal. if you re not a reader, you may have seen the shining, carrie, stand by me all films based on his stories. he s been writing for half a century. how has our appetite for fear evolved? stephen king in florida, welcome to hardtalk. thank you very much. it s nice to be here. i wish we could do it in person. me too. but nonetheless, it is a pleasure to see you on my screen. and let me begin by asking you about the threat that we all, all over the world in florida, in the uk, all over the world are livin
now on bbc news, stephen sackur talks to american author, stephen king, on hardtalk. welcome to hardtalk. i m stephen sackur. millions of readers all over the world are drawn to fiction that explores our fears. horror sells, and no one does it better or more prolifically than my guest today, stephen king. he s written more than 60 books, sold close to 400 million copies. he is the master manipulator of dark places and the paranormal. if you re not a reader, you may have seen the shining, carrie, stand by me all films based on his stories. he s been writing for half a century. how has our appetite for fear evolved? stephen king in florida, welcome to hardtalk. thank you very much. it s nice to be here. i wish we could do it in person. me too. but nonetheless, it is a pleasure to see you on my screen. and let me begin by asking you about the threat that we all, all over the world in florida, in the uk, all over the world are living with, and that is covid 19. has that inv