daniel morris is looking way out here with long-term investment. , is this an opportunity today? daniel: i would not go as far to say that this is necessarily the bottom. if you are looking at -- from a long-term perspective, if you reallocate towards risky assets, which is what we will be doing because we still believe in goldilocks. if it turns out to be early and things go down before they go up, that is something any investor has to deal with. we're looking at our positions and what to add. if it comes to taking that position today or waiting a week or so, it depends on each individual portfolio manager. francine: what does this mean to you regarding the way the market functions? workrey: with the products when you have a very low vol environment. i think that is the main lesson here. francine: thank you do geoffrey yu and daniel morris. coming up, the conversation with the chief economist from credit suisse. that's coming up in 50 minutes. this is bloomberg. ♪ taylor: this is "bloomberg surveillance," an di'm taylor riggs. qualcomm has rejected

david merritt joins us and still with us, daniel morris.or sticking around. 62 --ch pressure candies kennedy's eurosceptic lawmakers put? is this kind of, if you don't do this, i take you down, or more like a gentle nudge? >> they are not issuing a leadership challenge, but that number is significant. the number of mps to trigger a leadership -- is only 48. if they wanted to, they could trigger a leadership contest. they are not going to do that, but they hold a lot of sway and leverage. -- chairman of this group they call themselves the european research group, they are really a pressure group to push for a more harder brexit. the market is not reacting too much this morning with traders saying we know there's a lot of people who want this, but it is significant that so many of them are grouping together with that many people and signing a letter, making it public. she's got her away day at cabinet and they are supposed to hash out what the position is on brexit and this is time to influence that decision. francine: there seems to be so mu