yvonne: let's bring back david kudla.h but as we have seen this many taper tantrum happening, what does that mean for em overall? kenneth still be the em story we saw at the beginning of 2016 and 2017? >> we think emerging markets will be one of the strongest areas for several years now. in theference between past, rising interest rates could be a concern. --rging markets because concern for emerging markets because they affect capital flows, but we think with economies growing enough to support the interest rate hikes, that is good for emerging and emerging markets win in that trade-off. betty: just to follow your point, we were taking a look at some of the other signals and warning signs. shows theart, it outperformance we have seen with em and developed markets since the beginning of this year. we also chart it with this early warning signal risk index, which measures financial stress, and it looks like it could be bottoming out in april. history does suggest once that index starts to rise, we cem stocks start to fall

david kudla. eliminating the hermit kingdom nuclear program. a shakeup at microsoft. to cut sales jobs this week. other tech giant is trying to compete with apple. that is ahead. ♪ feel the way i feel ♪ man, i feel like a woman who ♪ you can leave worry behind when liberty stands with you™. liberty mutual insurance. ♪ [vo] progress is seizing the moment. your summer moment awaits you now that the summer of audi sales event is here. audi will cover your first month's lease payment on select models during the summer of audi sales event. . . . ♪ we hold these truths to be self-evident, that all men are created equal, that they are endowed by their creator with certain unalienable rights, that among these are life, liberty, and the pursuit of happiness. ♪ casper makes one perfect supportive and comfortable. premium foam layers. breathable for airflow. perfect rebound, plus perfect lift. pick your size, you get 100 nights to test it out. test the layers, be a layer, casper. dagen: welcome back, i'm dagen mcdowell in for maria bartiromo. it's monday july 3rd. your top stori