you have scale capability capped deliver returns thants what we have in the four core business s of barclaysk about the big political question. we're asking all of the c.e.o.s to join us. u.k. leaving the e.u. how -- would that be a disaster for your business? how much of a risk to barclays business might that be? >> well, first let me say that it is a political matter. that is a matter for the government and the british people. from our point of view, obviously we have to contemplate every possible scenario. there is no doubt that were it to be considered it would cause some disruption to financial markets but we believe we would be able to manage our business through a scenario like that. >> just want to reflect back to yesterday's press. danny alexander of the liberal democrats calling for an additional 1 billion pounds bank levy. i suppose the question that comes to mind, is that reasonable politics or is it time, mr. jenkins for the city to send a message stop whipping us. we're not here every time you want to cash a chip? >> that is a political policy question. as i said a moment ago,

barclays. >> the pension fund manager, the u.k.'s biggest. how tricky is it to navigate as yields hit lows?icky. that is one reason why we went down the real assets route. we are excited about the opportunity to invest in real assets. devolution is part of the story. the cities are not overbilled they are under demolished. we will see exciting regeneration opportunities being taken up by legal and general. >> tell us how significant a move that is for the investment base of legal and general. compare how it was five years ago to how it might look into -- five years. >> we have gone from virtually nothing to 5 billion pounds in the u.k.. we have a pipeline of 25,000 houses. >> as a proportion of your overall investment? 1.1 join dollars of investment. it is the delta of it -- $1.1 trillion of investment. it is the delta. it is not quite so important for the u.k.. crocs one thing we have for everybody, every ceo coming through the door, you are one of the biggest, you talked about building and planning and under developed city. are you wanting to see a tory? how do you prepare the business fo

s&p. we're back in a moment. >>> robust rally under way. only one component in the red, that's intel. >> the acquirers are setting the pace. barclays upgraded analog devices, adi. the stock is flying on this upgrade. it's almost as if people say, you know what apple had a really good quarter. huge amount of s&p money coming in. out of nowhere. almost as if it's been pent up. people waiting for something. but this is just too broad a base rally for me to think it's individual stock. >> it's not the new quarter yet. so you'd expect perhaps the opposite. >> i am kind of blown away by the amount of money coming into this marngt today. this is very -- market today. coming in and being put to work immediately. but that's what's happening. it's s&p galore. let's not outthink it. >> i just think there's so much buying in. got to. >> we will get stop trading with jim in a moment with the dow up 258. don't go away. schwab can help. with a trading specialist just a tap away. what's on your mind lisa? i'd like to talk about a trade idea. let's hear it. [ male announcer ] see how schwab can help light a way forward. so you can make your move wh

while the s&p 500 is basically flat. just yesterday barclayst, hewlett-packard is having a currency impact. intel felt currency impacts. do you think the markets are faster in the fact that perhaps estimates must come down at least for the first quarter because the dollar euro and also dollar brazilian royale? >> the euro and the yen and the royale i'm not sure about that. you're right. if you look at what happened to the dollar during the month of february when the market was doing well when vol r volatility came down it was moving sideways. we have a huge spike in the dollar versus other currencies. it's no wonder that it puts stress on the markets. we need to see the doll lor cam back down. how do you do that when you have massive qe programs going on in europe. you have qe programs in japan. you have other countries cutting rates. it makes it difficult. really in some sense we have to let the dollar appreciate. it's how we're going to get the rest of the world economies on track. we don't have to worry about the u.s. staying decoupled. we'l

barclays group had a report out that there was virtually no impact in stocks continue to rise. omar: multinationals, 40% of the earnings in the s have sales overseas. earnings will be impacted area -- impacted. tom: do you change your allocation because of that? do you have to make a strategic shift because of the dollar? omar: you have to reallocate your risk. u.s. equities versus international equities. tom: where is charles schwab on that right now? omar: in terms of allocation? one interesting statistic, you look at performance in dollar terms in local currency versus dollar it is about 15% or 16%. what is holding out the international exposure is the dollar. it is a big difference in terms of risk allocation. brendan: omar you are a blue devil. you say that emerging markets are facing headwinds. you put brazil, china, and russia in the same basket. would you really design -- describe all of them is facing the same headwinds? omar: they all have different flavors of trouble. russia has a lot of geopolitical risk. commodities are affecting russia differently. the situation in china is more of a government trying to get infla