jonathan: how brittle are the arguments are barclays now -- how brutal are the arguments at barclaysay: i will have a conversation with him. [laughter] jonathan: have you had that conversation you? ajay: to be fair to him, data has shifted a lot in the last few weeks. two months ago, if you told me that we were going to impose 25% tariffs, and then you would have said, on canada, that would not have seemed realistic. and yet, here we are. the facts on the ground have shifted. jonathan: we will look for an update in the next couple weeks. the latest from partly -- barclays. lisa: are you trying to create some sort of animosity? jonathan: i have a 600 price target. lisa: for now. we will see what happens. jonathan: things have changed. annmarie: that is what lori calvasina was saying. there are these tiers of selloffs, and she sees much greater likelihood of these selloffs if things like tariffs come to pass. jonathan: coming up, we will catch up with mohamed el-erian, michael zezas, christopher harvey, mark mccormick. you are watching bloomberg tv. ♪ >> the more that we have, the risk