of course, the big controversy here in the west came with julius caesar started a new calendar in 40 bce. this was great until 1500 when people noticed the seasons were beginning to get a little bit out of sync and so the good pope gregory convened a group of people and they deliberated and they looked at the skies and they said they discovered that there was an 11-day gap. >> oh-oh. so what happened. >> caesar had added 11 minutes to the 365 days, and if you multiply 1 minutes1 minutes by 1500 yards, they come up short. and there's good german lutherans agreed to this 60 or 70 years later and the japanese not until the 1700s, and parts of slovenia are still arguing about t so the orthodox and catholic have different observances of easter and that's why it goes back to good pope gregory and julius caesar. >> okay. with all that in mind we are in the season of lent and lent, i want to remind people beings comes from an anglo saxon word which means spring. so i think of lent as the church's springtime, and it's a time to focus on those faith practices that help us grow in our faith. so the

bce >> where were we?re we >> don't mind me. all about his s transition from reality star to scripted actor. act good morning. morning. >> good morning.>>d mo >> my goodness. hi, paul.hi p >> hey allison.eyllis >> i love bringing my fabulousus friends to the loft.ies to >> we're so happy that you do.. i'm so excited. >> this is we're so -- we haveee many rooms of studios of talentl in this building.ldin let's talk about your switch s from reality because i first i r loved you on real housewives afe land to now scripted what's itsi like? like >> it feels really good.ly it feels full circle actually it started out, you know, as, h i , was a teenager um in performingm arts. >> okay. >> i kind of left, i kind of, you know, shunned myself away from it because i did not realll fit into the social norm and, na you know, what i'm supposed to e look and act like.looknd a so i didn't really feel feel comfortable and septembered ined that world. wor so i kind of invented myself inl the beauty industry always had a keen liking to beauty esp

if you look at the least that came out after the cp -- bce be meeting last week even as the ecb continuesthey're getting more sensitive to how they calculate. i don't see any reason why you couldn't see smaller adjustments. we have seen that with the fed. rather than the regular in 2015ng cycle we saw and 2016 and 2017, i think you'll rules of consistent upward cycles or downward cycles have broken. jon: how does that feel on the endless -- s&p market? >> i think those comments are right. we have extraordinary monetary policy and we should be entering a. period of ordinary policy. it wouldn't be surprising over the next three years to see other central banks changing the policy. your speaker has mentioned a potential rise in the deposit rate. it won't have any impact on the cost of lending. it is really just design to stop penalizing banks. , monetary policy in the u.k. and the eurozone remained extremely easy at the moment. the banks are still conducting asset purchases. the monetary background is conducive. policyeping monetary loose and accommodative, that is what is driving markets th

where the economy is at the moment -- i brought my own chart -- it shows unemployment and bce inflation what we are seeing is they are close to their target. they believe that the fed fundraisers should be higher at this point, giving -- given the economic conditions. here's an opportunity. alix: you had goldman sachs this morning saying that the easiest financial conditions index actually sustains. you are looking at a 40 to 70 basis point cut. how do you invest when that is the potential? if the conditions stay so easy? >> i don't think we are going to and thee rate hikes outlook for plane investment looks very rough. but you have to be a little more thoughtful. investing requires courage and brains but it requires different times. if you are really in a slump like 2009, it was a no-brainer. now, you have really got to differentiate. within the u.s., steer clear of people buying for yields. consumer discretion do better with rising rates. also, look at europe. it is cheaper than the u.s.. as theven't done as well u.s. in the last few years but you've got to have the brains to say "i a