s larry fink the chairman of black rock the world's largest fund manager came right out and said climate risk is investment risk. but i think think there is a choice between plan and profit. somebody hears the metrics that you're scoring companies on you look at anything or is this really any s.g. thing or is this just good business are you polluting are you wasting resources wasting resources back to the bottom line or that. it's straight back into big business. screening companies for the s.g. criteria has proven an effective way to anticipate and avoid scandals capable of wiping out share prices for example in between mutual funds. for a long time because there were questions around the governance structure of the company. this allowed those e s g firms to avoid the stock crash that followed hughes emissions cheating scandal. of their cars with cheating software to make their. green companies are also better prepared to face the growing threat of climate change. being sacked as a reviving the appeal of green investment. sustainable funds or attracting new assets at a record pace. the

boomer, my legacy is going to be focusing on black women entrepreneurs because if you own the business, not only does your hand rock the cradle, but we rock the worldal black women's chamber of commerce and that's going to be my legacy to work with legislators and policymakers, but most of all to make sure that there is intergenerational transference of wealth. we didn't get our a0 acres and a mule, but we can own a business and that's what i intend for us to do. after three months of coronavirus lockdown, england has taken a big step towards normal life with the largest lifting of restrictions so far. the chancellor has called on the public to "relearn what it's like to go out again". the major relaxation of rules in england means pubs, restaurants, hairdressers and children's playgrounds can reopen. our business editor, simonjack reports from torquay, in the south west. no one really knew what to expect today. would people be battering down the doors of pubs, three deep at the bar desperate for a pint? or would it be completely deserted 7 neither of those feared outcomes happened, but it depended in which business you were in. it was slow and ste

listen to the call still, i would like netflix into weakness, more on that later we hear from black rock and regular manager, too the media loves black rock ceo larry fink because he has opin the world of stock and things. now that they adjusted stake in the company done by a fantastic offering in the low 400s when the deal happened, it's a 552. you don't need to worry about a potential equity deal but you do need to worry about cutting. i wonder if larry will give insight into the fed's bond buying program because black rock is orchestrating it i know this is a small one, probably down your radar screen first to rise. why am i interested? this is a great regional bank and topnotch franchise one of the strongest areas of the country in memphis, tennessee and branchs over the south amazingly well run and yet, the stock sells seven times earnings and a 6% yield it down 40% for the year i get it the economy is a mess and having a terrific covid outbreak but maybe overly punished. bottom line, this is the leap we find out if the real world will intrude on the stock market world and that's what happened in the afternoon today, but tomorrow is the big test if the banks finally, maybe we h

the team at black rock, mike pile, downgrading u.s. equities to neutral saying there are more opportunities elsewhere around the world looking at covid-19es and how the reopenings have been doing, the consensus of wall street is even though we're seeing surge in cases, comet is open. the economic data is coming in a lot better than expected >> so i think we have a heavyweight to the u.s. and heavyweight to the sectors like technology, health care and some of that recently the thing that is interesting in europe, you don't have the risk that's are here in the u.s. which, you know, is still europe is better today in terms of where we are with regard to the virus. there is valuations matter of prices matter in terms of where you invest and the u.s. has had quite a run you're still discounting the values there i don't mean overstated. not a lot of companies that are vibrant next generation companies. valuations and in our portfolios and the allocation, you know, we've had a pretty good run in some of the u.s. stocks particularly the technology. evolving that a little bit here and into asia makes them sense today. much are you concerned that

the world. as eisenhower said, i'm not using my words here, eisenhower said that we've got to deal with little rock because it's giving us a black eye abroad. we've got to deal with little rock because it's giving us a black eye abroad. eisenhower wasn't necessarily in favor of school integration. ok? he was a product of his times, and he actually expressed a lot of concerns about black kids and white kids sitting in the same classroom. but he was also the president of the united states, and he felt that he had a responsibility, and he did have a responsibility to enforce the u.s. supreme court decision and other federal decisions. and so the die was cast, as steve says, that eisenhower committed troops, and those troops were going to be sent to defend the rights of these black kids in the south. little rock is significant for a couple of reasons. well, maybe three reasons. let me list them very quickly. and then we're going to take a break. first, little rock is significant because it proves that the 1954 brown decision is, in fact, the law of the land. it proves that that decision means -- means that those who oppose desegrega

the world. as eisenhower said -- i'm not using my words -- eisenhower said we have got to deal with little rock because it is giving us a black eye abroad. eisenhower was not necessarily in favor of school integration. [laughter] he was a product of his time and he expressed a lot concerns about black kids and white kids sitting in the same classroom. he was also the president of the united states and he felt he had a responsibility, and he did have a responsibility, to enforce the supreme court decision. the die was cast. the troops were going to be sent to defend the rights of his black kids in the south. little rock is significant for a couple of reasons. let me list them quickly. first, little rock is significant because it proves the 1954 brown decision is the law of the land. it proves that that decision means that those who oppose desegregation are now on the wrong side of the law. before 1954, segregation was legal. before 1954, segregation was legal and legal in some 20 states and not all of them in the deep south. after 1954, after the brown decision, segregation is no longer legal. segregation and those who promote