this is abigail's march 31st, 1776 letter to her husband john now as abigail wrote and this is about three quarters of the page down in the new code of laws, which i suppose it will be necessary for you to make i desire you would remember the ladies and be more generous in favorable to them than your ancestors do not put such unlimited power into the hands of the husbands. remember all men would be tyrants if they could if particular care and attention is not paid to the ladies we are determined to foment a rebellion and will not hold ourselves bound by any laws in which we have no voice or presentation now thinking back on abigail's era a time before women won the right to vote when the practice of legal coverture often restrained them from holding property and running for office. you might wonder how would women foment a rebellion, though? now while manuscripts can supply some of the answer i think turning to the rich material culture of early american fashion really helps us to explore that question in fall, and you see just a few samples of it here on the bottom left-hand part of

but abigail did put her words into practice in her own life. the massachusetts historical society has the papers of john and abigail adams. and in those papers is a letter that abigail wrote to john in february of 1797 shortly before he was sworn in as president. and she was telling him about an incident involving a free african-american who she referred to as james who was a paid employee of the adams. he tended to agricultural matters at their farm. abigail personally taught him reading and writing and fought for him to attend a local school. when a neighbor objected she responded to the neighbor with this question. is this the christian principle of doing to others as we would have others due to us? now as one would expect when directly confronting the indomitable abigail adams the neighbor backed down. just as abigail however was not heard in her pleased to remember the ladies her calls for the new nation to follow christian principles in terms of enslaving other humans fell on deaf ears. after abigail, we didn't see support for african ame

abigail -- abigail doolittle. abigail: it is a little calmer.ake a look at the s&p 500, heading to a weekly gain. the nasdaq 100, its first weekly gain in five weeks, so this is impressive. small caps participating as well. we did have yields down more solidly earlier, now sending bonds down, so yields are ever slightly higher. the sentiment seems to be sticking with stocks area -- with stocks. this is a 30% drop, 30% gain. when you have assets trading so wildly like the idea of catching a falling knife, sometimes it is hard to forget that the asset class is overall still down. and that is the case. over the last seven days, bitcoin down honey 4% despite recent -- down 24% despite recent stabilization. alix: it has been quite a week. the u.s. proposing a global minimum corporate tax rate that is getting enthusiastic reception over in europe. you have germany's finance minister olaf scholz call this big progress, and set a deal could happen by summer. they are looking at 15% now. joining us with the latest is laura davidson. it seems like the mos

i clearly see how abigail is shaped by her. >> he's my partner in crime, my best friend.'s really nice that hes jonat run julie's studio of dance, abigail has grown up to embody her mother in spirit and kindness. >> that's what julie would be most proud about is that she's just a good person. >> reporter: it seems harvard university agreed. >> oh, my god! >> abigail was recently accepted to harvard class of 2025 and she thinks her mother would be about as excited as she is. >> i'd like to think she would be really proud. >> yeah, of course she is. she's going to graduate from high school in two weeks and then, guess what, she's off to harvard in the fall. how is anybody going to say no to that. >> especially all on tiktok. now she can use some of those dance moves on tiktok. >> congrats. congrats thanks for watching "early introducing the lowe's list. a selection of our most innovative picks. like the exclusive whirlpool® 2 in 1 washer, that let's you customize any load. look for the full lowe's list online or find the badge in our store. lowe's. home to any budget. home

this is abigail adams now. i thank you, mr. jefferson. and welcome to you as i myself and welcome here. i look forward to our conversation mrs. adams if you will a chair. thank you, sir, please join. i thank you indeed. well. i'm very curious as to hear what we will be asked of today and considering the length of time. we have known one in the other and of course. my mutual friend and your dear husband john adams. so shall we engage the first question? ms what had each of you heard about the other before you knew each other and what were your impressions when you first met? yeah, well, i i suppose i heard of you long before i actually met you in particular when my husband was attending the grand congress in philadelphia the continental congress where he and mr. jefferson became most well acquainted and john. to adams was forever writ. ing about your skill with the pins sir in addition to the arguments and compromises be worked out in that sweltering heat. it was terribly hot and during all of the congresses, but particularly the extension

>> reporter: abigail ma >> oh, yes!h on >> reporter: abigail mack is on quite a run.arvard, after making a splash on tiktok. 18.3 million views of her tips for writing a colleges say. >> i used to have two parents, but now i have one. i always knew i wanted to write about my mom in some capacity because it's something that has really shaped my life. >> abigail's mother died when died when she was eleven. >> i hate the letter s. >> reporter: her essay focused on the issues with the letter s, the difference between having a parent and parents. >> and i think that has also contributed to why people have really connected with this because the theme itself is very universals to loss. >> i was extremely moved by her story. >> reporter: 5,000 miles away in brazil, anna pratt lost her dad two months ago. wanting to come to the u.s. for college, she had been uncertain what to write about. not more. and it made it okay for you to write about your dad? >> yes, yes. that's the most important thing i got from it. >> i don't seek out sadness, so s must stay on the sidelines. >> rep

abigail: a very volatile day.ith stocks opening slightly higher, then taking a dip. the nasdaq down more than 1%. right now about flat. down for the fifth day in a row. just fractionally. that is the longest long

abigail, really appreciate it.r more on the market action is steve's ethnic -- is steve's ethnic -- is steve. >> what we saw and bitcoin had been building for some time. i have been writing about how it is been under pressure. i think some of the stuff that got elon musk going that some of the speculative fever out of bitcoin and crypto's, and i think that spilled into the real markets because i think ultimately, we have been using the cryptos as a benchmark or a lead on the level of speculation, and that came out quick. the fact that we had vix futures settling this morning on the open was not helpful. they kind of got the stock market moving, but the fact that we had vix futures settlement this morning was definitely not helpful, and that is i think why you see some of the residual vol ahead of the fed minutes today. guy: you talk about the real markets, and i am wondering, the implication is maybe the crypto markets aren't real markets. that leads me to a and about are weaned to a new paradigm where actually, th

let's dig into the details with abigail doolittle. are very bake international investment bank and private banking groups. in dollar terms, $43 million of market cap. a pretty big bank. their business is 59% in u.k. and elsewhere and 41% in south africa. if we take a look at the most recent results and the result trend, we will see a decline into 2021 out of 2019. they have been struggling a little bit through the pandemic. the expectations are for a recovery into 2022 and 2023. 2023 estimated at 1.9 billion pounds. that is close to where we were in 2019. relative to the stock performance, if we try to smooth out the pandemic and look at investec relative to a bank group in white, before the pandemic, we see the performance of investec is on par with that of the broader peer group for investec. guy: thank you very much, indeed. let's talk more about the business. joining us from johannesburg is fani titi, investec ceo. a u.s. is picking up. you have growth picking up. you have lending starting to pick up. momentum is starting to pick

alix: great stuff, abigail. abigail doolittle joining us.oming up, more on the tech rout with amy wu silverman, and also kristen macleod of barclays joining us on those inflation fears. this is bloomberg. ♪ ♪ alix: live from new york, i'm alix steel, with guy johnson in london. this is "bloomberg markets." tech stocks under pressure for a second day. joining us now is amy wu silverman, rbc capital markets equity derivatives strategist. we are off the lows here. how are you playing this. -- how are you playing this? amy, can you hear me? amy: sorry, you cut out a little there, but you were talking about the tech selloff, just given where the market activity is. i will just tell you, to really interesting things from derivatives. the first is friday, which seems like ages ago now, when we had the nfp miss, we rotated back in tech. even then, the options markets were picking up hedges. even with the selloff today, the options market wasn't that caught off guard because hedges have been rising consistently, even when we were rotating into tech f

abigail doolittle is looking more. abigail: on this chart, we see what investors may not like.cally flat on a year-over-year basis. basically a tiny mist to sales. the top line, a small beat -- tiny miss to sales. the topline, actually a small beat. this company is incredibly big in cross-border remittances. principal transfers up 20%, more than 20% for the third straight quarter. one reason the stock may not be reacting as perhaps some, those who are along shares, might hope, the stock has had a really nice run over the last year, up 20%, especially having done well through the pandemic. through the second and third quarter of last year, very strong. they have held guidance, and talking about new partnerships in digital business. we will see whether or not today is just a blip on the screen. guy: absolutely. let's find out. the cfo of the business is raj agrawal. he joins us to give a take on what is happening here. thanks for your time today. really appreciate it. the topline is fairly flat. the market reaction fairly cautious. but as i dig into your numbers, digital just goe

jim axelrod, cbs news. >> o'donnell: congratulations, abigail.t, a cbs memorial day event, honoring america's fallen heroes. a lot ofof people ththink dealg with c copd is a w walk in theh. if i have e something g to help m me breathe e better, evererything wouould be fun and ninice. but i i still haveve bad days. ...f.flare-ups ( (cough cougu, which cacan permanenently dadamage my lulungs. my lungsgs need prototection against flflare-ups. so it's time to o get real.. becaususe in the r real world. ...our lunungs deserveves the l protecection of brbreztri. brezeztri gives s you bebetter breatathing, sympmptom improvovement, and flare-e-up protectction. itit's the e first and d ony cocopd medicinine prproven to rereduce flflare-ups byby 52%. breztri i won't rereplace a rescueue inhaler for sudddden breathihing prob. itit is not fofor asthma.. tell y your doctoror if you he a a heart condndition or h high blood d pressure beforere taking itit. dodon't takeke breztri m me than prescscribed. brbreztri may y increase y yourk of thrusush, pneumononia,

abigail doolittle has more.is stock is down, but down more you would expect after earnings like this. they beat profits in a big way. it is also notable the year-over-year growth. this past quarter they just reported, up more than double, putting up $1.46. you can see the trajectory of profits going in the right direction. guidance is very strong. the guide that they provided were right across the board from ebita to free cash flow and eps. in addition, they've indicated that the spin out of their logistics unit, the transportation and logistics company, that is set for the second half of the year. so what might be behind the selling? if we take a look at a one-year chart, this stock over the last year is up over one to 20%. perhaps too far, too fast. plus, really falling into that category of these companies putting up phenomenal quarters, very solid quarters, and yet the stocks getting punished. prior to this earnings season, we were asking, could these companies meet expectations? was the bar too high? it see

and abigail adams and her famous letter of 1776. she's back in massachusetts and rights to her husband john adams in philadelphia. i remember the duties, and she was talking a lot of people think what she was talking about. there was a soft was suffrage women's right to vote. she was talking about an issue larger than that actually temperature which is the idea that we inherited from british common law that a married woman took on her husband's civil identity upon marriage. so a married woman couldn't own her own property was not the legal guardian of her own children. couldn't own her own business in her own name couldn't sue or be sued, so she was hoping that in the new laws that those declaring independence in july 1776. she was hoping that in the new laws that were being declared there would be a rejection of that old british common law idea and there was not we don't have state laws being passed to overturn covature until the decades leading up to the civil war. 1839 is the first one but most famously the most far-reaching of t

women such as martha washington, abigail adams, and dolly madison. how they influence the war. >> yes we know there was nothing in the constitution about what's president should do so the decisions made in the very beginning works really important. and i think the mostl,■ importat one was the decision, i don't think any of the three women you named had anything to do with that but the decision was made that the presidents home would also be his office. so when george washington was inaugurated here in new york city within walking distance really of where i am sitting martha was not there. she was still in virginia. but she came up a couple of weeks later, and she did not come into a quiet reception. of course, then in 1789, to get across from new jersey who had to go -- even george washington bring his wife across. she arrived to a 13 consulate, like a celebrity, and then within days she was giving a reception at the home, for people who were invited. so she became a very public figure at the very beginning. and people paid attention. i mean when you

welcome an abigail adams interpreter for a candid conversation. and in 90 minutes monticello gardeners and plant curators. talk about how jefferson planned his gardens and how they recreate those gardens today thomas. jefferson's monticello provided the video of these three programs. oh my heavens. well citizens my pleasure indeed my blessings to have you all come visit here this afternoon this 13th day of april, which i am hearing and receiving the salutations in honor of my particular birthday. i have steam your interest in recognizing that though. i hope you will realize that personally i prefer not my birthday to be recognized but rather the the birthday of our nation. i consider our nation to be the world's best. hope. and so when we think of what some have referred to as founders day let it be the recognition that we have founded as the ancients would say novosaurus a new world order dedicated to the principles of self-government. i have dressed perhaps somewhat a formerly for this occasion in order to greet you all and particularly to recei

i work with the abigail adams institute and today i will be your moderator. is an independent scholarly institute located in cambridge and our mission offers students at harvard and the greater boston area access to

i work at the abigail adams institute today i will be your monitor. abigail adams is a skull institute located in cambridge massachusetts to have access to some of the most important arguments that could be found that define that tradition. before we begin i would like to express appreciation to the intercollegiate studies institute for partnering with us today and then the diana davis spencer foundation for providing funding also aei for their leadership to pull this event together. finally we are deeply grateful to our guest to accept our invitation sometime in the middle of the last decade there is consistent data indicating a striking number of young americans and democrats say they are more in favor of socialism and capitalism but what they mean by socialism or capitalism seems to be unclear and inexact but nevertheless indicates the sum the contemporary state of their social and economic affairs. the purpose today to dig a little deeper to look at the term to get a better understanding of the historyst and philosophy. our hope is the two disting

knowing that abigail would not like what she found when she comes down.but then he writes of the building we know now is the white house. he writes a prayer which at the end of fdr's life was on the mantle for the fireplace is pretty state i pray having to bestow the best of blessings upon this house and all who will hereafter inhabit it. they none but wise and honorable men ever serve under this roof. and that today is in the white house. think that's part of the great vision of george washington. and his extraordinary efforts. he's political acumen his vision, his creativity and just getting this capitol city founded and built to ensure the survival of our republic. enqueue for that. like to thank david is an honor to be on with him. and to be a part of this wonderfe

not 1st winter, abigail, you just pay for so much thing. congratulations. you just want $1000000.00 in the and get the job and get the shelf that becoming very rich will tell you about controversial experiment in the us state of ohio. ah. hello, their china is bracing for a particularly heavy flood season. we've got more than 17 rivers, already exceeding warning levels and the may you front bringing more of that weather to eastern areas as well as central areas. we could see some more floods happening here. the may you front working its way to the east for now? it misses japan, but there will be wet weather as we go into the weekend from this weather system across the korean peninsula. as we go into saturday, things do clear from south korea but northern areas of japan, ricardo, seeing some pretty wet and windy weather up north things are looking fine and dry 27 degrees in beijing. the weather weather is certainly towards the east and south of china. and there's weather as well. so south east asia, we've got the monsoon rains, dominating across indo china.

not 1st winner, abigail, just me from so much and congratulations. you just $11000000.00 plus get a job and get a shot at being rich the controversial experiment in a us state. ah, i said politically, the in garza is warning of a religious war. israel persists with its policies around alex, a mosque occupied east jerusalem, and elsewhere in palestinian territory. yes, yes. and we're also accused the us secretary of state anthony blinking was just wrapped up a middle east visit. i'm trying to stoke palestinian divisions are a force that reports now from goddess here on the street, you get an idea of the long term nature of the fall out of this war 44 people died in this massive building collapse and now 2 other buildings on the street, one of them right here behind us, had been declared structurally unsound. their inhabitants had been told to leave. now this was the 1st day that we've heard from houses top leader inside garza ya soon was in a news conference that was on the record. but frustratingly for the most part off camera, he was interesting on

me know, 1st winner abigail just so much and congratulations. you just $11000000.00 and get a job and get a shot at becoming very rich. we'll tell you about a controversial experiment in the us states of a high more in that i use how that looks like our warm spell of fine dry and hot weather across the east side of north america is about to come to an end. we got this weakness area of high pressure just out into the atlantic. that's still true. and the winds in from a general solely direction. hence that he's got a cold front, just straddling his way out of the good parts of canada, coming down into central areas of the us and that will grassy make his way further east was that we go ahead of the front temperature getting up to 35 celsius once again, then on wednesday afternoon, that's the last of the warm days because if you go one into thursday, turning increasingly here with 32 celsius in d. c at that state. and he comes out right. and he will be very heavy at times. sundry down posts coming through squall, he winds large house. any possibili

i work with the abigail adams institute and today i will be your moderator. abigail is an independent scholarly institute located in cambridge and our mission offers students at harvard and the greater boston area access to some of the most important subjects, themes and arguments that can be found that define or perhaps use to define western tradition. before we begin today i would like to express appreciation to our friends at the intercollegiate studies institute for partnering with us on today's event. thank you to the diana davis spencer foundation for providing funds to the event. i'd also like to thank mr. james davenport for their leadership and planning this event together and finally we are deeply grateful to professors brooks for accepting our invitation. sometime in the middle of the last decade, they've begun to see consistent data indicating that is striking number of young americans and especially young democrats say that they are more in favor of socialism than capitalism. what young people mean by socialism or for that matter capitalism seems

abigail: it is indeed a frenzy. so much green on the screen, and this is just friday. amc up 20% on the day, on the open, hitting a $16 billion value market cap. then you see lots and lots of green for these reddit stocks. beyond meat until recently not in this group, but now some are starting -- trying to explain. there were the big gains in january. not clear what is behind the trading right now, amc probably getting some of the benefit of the doubt around the reopening, but here, huge volatility. orange, amc, white, gamestop. back in january, white, the original meme stock, the original reddit stock, up 117% at that point. amc up just a fraction of that. then there was the crash back down, higher, higher, and now you have both of these stocks up more than 1000% year to date. what is behind it? of course there is a short squeeze, also they gamma squeeze, that has everything to do with the options. and the amc options, overall call options not as wild or high as they were. you can see a record high $3.28 million -- 3.28 million. that will public not last and bring pai

jefferson on the presence view on education, and interpretation conversation between jefferson and abigail adams in a tour of his gardens at monticello. exploring the american story, watch american history tv this weekend on c-span three. vice president, harris now in the administration goals in central and south america to reduce migration to the united states. she speaks at the annual russian conference on the americas. >> good morning, is truly an honor to beul with you today. and thanknd you, susan siegel fr your leadership. the membership of the counseling markets include so many people are truly committed to strengthening the economy democracy throughout the western hemisphere very pleased to join yyou today. eelast week president joe biden and i reach the 100th day of our administration. and inat that time, we have let the world now the present has been very clearkn about this america is back. harris: we have rejoin the paris agreement and we are ending our nations longest war rated we rebuilding our alliances and engaging partners all over the world. we are revitalizing our relatio

education, an interpretation conversation between jefferson and abigail adams, and a tour of his gardens at monticello. exploring the american story. watch american history tv this weekend on c-span3. >> new york congresswoman stefanik was elected house g.o.p. conference chair today. after congresswoman liz cheney was removed from that position earlier this week. following today's vote, representative stefanik spoke to reporters. she was joined by minority leader kevin mccarthy and other house republican leaders. mr. mccarthy: good morning. we just had an election for conference chair. i want to congratulate elise stefanik and welcome her to the leadership team. i want to thank chip roy as well. we had a healthy debate and a good election. we've got a lot of work to do in this leadership team. got a lot of work to do in this conference. the policies of nancy pelosi and joe biden are destroying this nation. we got gasoline lines, stations with no gas, gasoline in virginia is $7 a gallon. we got month over month core inflation we have not seen since the 1980's. the gas price has not been t

abigail: it feels that way. a cruise control rally, not just for stocks.up, we have bonds up slightly, and commodities up slightly. it is the everything rally into the long holiday weekend. the s&p 500 up .3%. the nasdaq up .7%. today is not so reflationary. we have the kbw bank index down .6%. that is on bonds rally. they feel they are lower.

abigail schreier one of the very few people who has not gone along with the mandate and done her beststudy the data, look at it clearly. next she tells us what she's found. lets us get back to spreading the word without spreading concern. before we can safely come together, we need the facts on covid-19 vaccines. visit getvaccineanswers.org so you can make an informed decision when vaccines are available to you. >> tucker: we are living in in a moment where almost nobody can tell the truth in public and occasionally you see glimpses of true things. the last place we expected to see the truth was on "60 minutes" with "cbs news" but recently we did to their great credit. they did an honest look at how many physicians are treating gender dysphoria. here's part of what they found. >> just four months after she started testosterone, she says she was approved for a mastectomy, what's called top surgery, that she told us was traumatic. >> i started to have a really disturbing since that part of my body was missing. almost a ghost limb feeling. that there is something that should be there and

thomas jefferson, on the presidency of education and interpretation conversation between jefferson and abigaildams at a tour of his garden at monticello. explain the american story, watch american history tv this weekend on c-span3. >> white house press

here is abigail doolittle. how are we doing today. abigail: not much happening.ot supposed to say that but it is true. beneath the surface lots of action. the s&p 500 earlier new the open up about .4%. the nasdaq up even more. tech getting a little bit of a boost. at this point we have stocks mixed. earlier this morning the u.s. housing prices, the index came out. prices search the most. -- prices surged

ladies women such as martha washington abigail adams and dolly madison and how they influenced the role. yes, as we know there was nothing in the constitution about what the wife of the president should do. so those decisions made at the very beginning were extremely important and i think the most important one probably was they decision. i don't think any of those three women you named had anything to do with that, but the decision was made that the president's home would also be his office. so when george washington was inaugurated here in new york city within walking distance really of where i'm sitting martha was not there. she was still in virginia, but she came up a couple weeks later, and she didn't come into a quiet reception. of course then in 1789 to get across from new jersey you had to take a ferry. he didn't george washington did not bring his wife across on just a plain boat. he said the presidential barge and she arrived to a 13 gun salute like a celebrity. and the very next within days she was giving a reception at the home for people who were invited so she became a ver

abigail doolittle with dig through the numbers. abigail: it is weighing on stock , down 6.9%.in a big way. sales up 16% year-over-year. falling short of the 3.9 3 million estimate. that is what is weighing on the stock. it is clear pandemic trends are still weighing. in the americas it was a fairly solid mess along with asia-pacific. you can see with europe, the middle east and africa, a little bit of a beat. net-net up 15.5% versus the estimate of 17.8%. we were mentioning how it was clear that has to do with the pandemic. super strong growth in moisturizers and fragrances. makeup, who needs makeup if you are sitting at home. we see makeup on the decline. i think the hope is for the online business. today estee lauder having a rough day on these mixed results. guy: thank you very much indeed. let's talk more about what is happening. joining us for an exclusive interview is tracey travis, estee lauder executive vice president and cfo. thanks for your time. i wonder if the street got a little ahead of itself. in new york life is getting back to normal. in much of the rest of th

abigail: we do have some strength for tech.nd the dow down slightly, the tech heavy index up slightly. this is a continuation come the decline for stocks. despite the fact thursday and friday were strong last week was the worst week since february. some of the insert d coming through, especially for bitcoin -- some of the uncertainty coming through, especially for bitcoin. the idea of too far, too fast. lots of news from the big

abigail doolittle is breaking it down. are popping with t-mobile, the best day in two months. it is about an across-the-board beat. sales beat about 4%. gap earnings -- adjusted earnings beat i-73 percent. gap earnings beat by 29%. a very strong quarter. here's another fun fact. they have managed to beat earnings estimates by the street since 2016. one of the elite companies to achieve that honor, if you will. behind the strength, subscriber growth. going to the bloomberg terminal we will see subscribers above one million once again. finally, if we take a look at t-mobile relative to some of the other big companies, at&t and verizon, t-mobile is knocking it out of the park. at&t and verizon languish. guy: some of that has to do with 5g. let's talk more about the results and figure out where we are going. mike sievert, president and ceo joining us now. you searched ahead, you've been able to generate some sort of lead. the numbers reflecting that strongly. my question is is that lead sustainable? mike: thanks. it was anothe

abigail: the market certainly reacted. at session lows, the worst day since late february. the selling we saw early in the day, all week is accelerating. investors nervous about the prospect of a higher inflation, what that means for valuation. for the tech stocks in particular. the nasdaq 100 down even more the nets and you 500. the chips index down 3.6%. that index is officially in a correction. the s&p

abigail tan, thank you. let's hope _ they like. abigail tan, thank you. as coronavirus restrictions in england, wales and most of scotland are relaxed again today. friends and family are allowed to hug each other again in many places — but the prime minister has urged people to get tested twice a week, and get the vaccine when called. limited numbers of people are now also able to meet inside pubs, restaurants and homes. youtube is launching a massive campaign today to encourage people to take the vaccine. it's called let's not go back, and it's a joint initiative with the nhs. it will involve stars from youtube's vast community of creators — people who make a living on the platform by generating their own videos, building subscribers, and then taking a cut of advertising revenues — making videos that appeal to younger people. youtuber leena norms is one of 65 youtubers who are part of the campaign — here's a video she made with the nhs — and to be clear, the nhs has not paid herfor this. i'm personally really excited to get my vaccine. i know that not ev

abigail doolittle is doing that for us now. abigail: natura has a bit of website.ducts. lots of moisturizers, bath products. they come with with wonderful natural agreement -- ingredients , reportedly from south america. they beat revenue estimates but they beat profitability -- but they missed profitability earnings. growth margins are going in the wrong direction. on a year-over-year basis the growth margin on the quarter is better. we can see from the third quarter into the first quarter margins are going in the wrong direction. everything to do with inflation capturing the attention of everybody. alix: great set up. joining us for more is roberto marques. the company offers in 110 country known things like the body shop and avon. give us the sense of the inflationary impact you are seeing. how transitory is it? can you put some time frame on it? roberto: thanks for having me. inflation and pressure are a factor. the good news is we have been able to mitigate a lot of that. we posed a higher gross margin in the corner. a reason is we have a lot of synergies beca

abigail: it has been a rough week, indeed. right now it feels like a calm after the storm. the major indexes in the united states basically flat. the nasdaq 100 futures up a little bit more. that is interesting because we have yields down. when yields go down that helps out the tech stocks because it takes away the valuation pressure. that relationship is acting in sync. over the last is q. week so we have had the nasdaq 100 pummeled get over the last two weeks we have had the nasdaq -- over the last two weeks we've had the nasdaq 100 pummeled, nominal yields have stayed stuck but the inflation has been commodities. it has gone up and then more recently we have seen the commodities go round trip, whether it is copper, lumber, oil. it will be a market to watch to

abigail: it depends what market you're talking about. there are process that moves. boring up. not so surprising, just given the idea the initial reaction to that jobs report was bad news is good news because the fed will be in place and there will be more stimulus. if you look at bonds and the huge reaction down, which would've been -- david: