afsaneh: a lot changed obviously in march.raditional investors, though, have not been behaving the same way we saw with the euphoric retail investor. institutional investors have ,een looking, as you said behind the numbers we are seeing in the short term, and be in much more cautious, whether it was with the rebalancing between the last few months or looking forward to new opportunities. i think if you look at most portfolios, you will see a little bit more cash still in institutional portfolios, but also looking potentially for some opportunities and not jumping in those areas too fast. topics thatthe big institutional investors are looking at, the 60-40 portfolio or 70-30 portfolio of equities versus bonds, there's not a discussion going on of whether you can get the returns you need in the bond market, especially given what we continue to hear from the fed. well, this is so important. i am going to ask you this, something would ask somebody doing market forecasting at any firm, but from an institutional standpoint, is divi

later, afsaneh beschloss this thursday morning. this is bloomberg. with the first word news, i'm ritika gupta. a second wave of coronavirus cases emerging in the u.s. texas reported its highest one-day total since the pandemic emerged . reported 87 new cases. still, they say that surge cannot be linked directly to reopening. it powerful message from federal reserve chairman drone how -- chairman jerome powell. he says the central bank will keep umping stimulus into the economy until the country has healed from coronavirus. he says they are not even thinking about raising interest rates almost all officials forecast keeping it near zero through 2022. president's slip and polls may make it difficult to keep control of the senate. crisis and protests have hurt the president's popularity. the president met with senate majority leader mitch mcconnell yesterday. bloomberg learned the two discussed senate races. the european union reportedly will file antitrust charges against amazon. according to dow jones, it has to do with the way the world's largest onl