with me is barry knapp, director of investment at ironsides economics. does the nasdaq follow on a 0% performance year and how can you be so crazy to think people should increase their exposure to energy now? >> yeah. that's -- energy i might be a little late on i thought a year ago that the market would start to clear and in particular because the elassity of supply was changed and the implications over time are a more stable time and a more stable return on capital investment but we surely didn't have that last year with the pandemic i do think though as we move through the business cycle energy will start to rationalize in that sense support as far as the nasdaq outlook goes, what i think will develop over the course of this year it's going to become increasingly evident this year in 2021 and beyond is much like in the '80s when we built out all the technology capacity, fiber optics cables and the like, in the 2000s benefits of that actually accrued to the users of that tech. >>> some of the platforms, for example, but seasons that just started sendin

barry knapp. do not forget, you want to tune in later on and the fed decides at 2:00 p.m. new york and 7:00 p.m. london. the headlinesecap from mitch mcconnell speaking on the senate floor. he says they are working on a relief plan that can pass both chambers and there is major headway. there is a headline but i am not sure if it is attributed to mitch mcconnell. liability is not including -- included in the relief bill, but it is spinning off the difficult parts of the bill. we will monitor those as they come across. this bloomberg. ♪ alix: it is the holidays so it is bonus season. barclays likely to boost its bonus for 10% to balance record performance within certain long-term effects of covid-19. surge inabout a 52% training revenue over corporate and investment banks but bonuses will be on par with last year and they are trying to thread the meal between the wall street and main street conversation. the bank ofely, and england urging banks in the u.k. to be cautious on it comes to renumeration. it seems that barclays is trying to thread the needle. there is a second he