. >> all those years ago the man who looked after me at the longhouse was named itom.l through the jungle like a young gazelle. he still had the marks on his fingers of a man who'd taken heads, in his case, presumably communist guerillas when he fought during the malay insurgency. we drank shots of whiskey together under human skulls, trophies of the time. i promised i'd come back. a big day on their calendar, when friends and relatives return to the longhouse. a lot has changed since he tracked comis through the jungle and much has changed in the ten years since i've been here. itom passed away the year before last at the age of 92, and the evidence of how timbering has depleted much of the forest is everywhere, scandalously so. ♪ it's dark by the time we arrive, but someone has been waiting for us. please advise me of protocol. [ speaking foreign language ] thank you. all for me. oh, yeah. just like old times. there you go, my man. custom must be observed. thank you. woo. oh, yeah. >> woo! ♪ ♪ >> more cell phones than last time. ♪ ♪ >> a great welcome. >> pardon? [ s

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infrastructuree built around creating infrastructure for the tankers , itome in and for ambridge willgs for the stock. when the pipeline was approved and the pipeline was approved, the stock was up 3% or 4%. up, a look at valuation models in the global bond markets. and my favorite, of course. ♪ tracy: welcome to bloomberg markets. scarlet: foreign bonds are turning heads in terms of what makes an entrance -- what makes an attractive investment. we asked our guess how he applies global valuation models to the market. guest: we are getting into uncharted territory and where you have a situation where there is low, if not negative yields around the world, most people when you say bonds, they just get discussion did -- just get disgusted. around one and a half for 10 year bonds. however, it offense prizes people. it's actually foreign bonds. how much do u.s. investors allocate to that? usually zero. you don't want to allocate to the market cap waited indexes because that just put you in the super low yield docket. tons of academic research on this that says if you invest in the higher yi

you know, the administration spinning out creepy signals when itomes to companies wanting to do theirwn thing. what signal does that sendall street? a couple of my guests are coming up. ♪ >> whais going on with oil right now. that is what is happening. you heard the administrion is on full throttle on these aversions. filing a lawsuit to block halliburto chris warner causes em all out assault on energy. chris, what do you make of this? it is stopping another pairing. >> usual, the details on the merger. i will leave that to the antitrust guys. the ministration being anti-energy. bankrupt certain companies to necessarily skyrocket. appointing a secretary of energy who also did that openly. >> willing to do the department of justice. it is fair to view this. more of a broader agenda. certainly a lot of other evidence. >> here is what i am wondering about. this notion that anything having to do will be frowned on. that leads me to believe, he may be a blame dock. he will be doing a lot of quacking at these guys. they will be hurting. >> he saidany things. the anti-energy camp has been th