we are expecting a statement from the prime minister, mr yielder ream.g up injust about under one are‘s time. the prime minister's offers making that announcement. we have got to the point where about 95% of ballot boxes have been opened, that is according to one of the state—run news agencies. in some of the big cities, the three largest cities, including istanbul and ankara, the no votes were in the lead, but the wider picture suggests a narrow vote at the moment, still in favour of yes. let's bring in salim guerin. she is therefore is in istanbul. what is the picture as far as you seeit? well, the official state news agency has been reporting that over 97% of the ballot boxes have been opened, and the latest numbers are, the yes campaign stands at 51.4, and no stands at 48.6. if the official results are like this, then the turkish nation will have said yes to the proposed constitutional changes. what will happen then? president recep tayyip erdogan will have enhanced executive powers, the parliamentary system in this country will be replaced by a pres

sometime you have a selloff that is so severe that you get accidental high yielders, mainly stocks that didn't ever seem to be dividend plays, but are falling so hard, so fast. or even a trampoline for a quick bounce back for when times get better, and they tend to get better. i know dividend investigating isn -- investing isn't sexy at all. but when you're looking at a big decline, you want to get more conservative, you want stocks that are guaranteed to put money in your pocket and that's what a dividend does, but of course remember there's no guarantee that any stock bounces back. don't buy a damaged company just because it's a dividend. you can bet that company might cut its dividend, which defeats the entire purpose of hunting for stocks that have newly acquired dividends. look at the company's earnings or profits, if the expected earnings are double the size of the dividend, they're generally good. bottom line, a selloff, it's an opportunity to buy, especially stocks that have just pulled off their highs and stocks with nice yields that have grown larger thanks to the decline in t

the guys that are that you -- low yielders, certainly in southeast asia as well, you have a little moread trade. i think it is come of a good trait to have on going into this, but it is a trade for me, not in investment. i am still more excited about the changes happening in the u.s. alix: david zervos, opinionated as well. .heck out tv interact with us directly. this is bloomberg. ♪ david: this is bloomberg. still with us, david zervos. we continue to hear reports that steven mnuchin is intrigued by longer-term u.s. treasuries. 50 years, even 100 year bonds. good or bad idea? >> i think it is interesting. i think it is going to happen. i think they to veto into it with some -- a little bit of trepidation, but in the end, it is a good idea. there is demand. there is insurance company demand, but you have to tease it out. you have foreign demand on the insurance either can be quite good and the pension side. it will be tricky. changing the treasury schedule is always a dicey subject because it is considered to be one of the most stable things and financial markets. jonathan: in rece