stockman is a professor at the hattie school of governance in berlin and an expert on china's digital trends she says uses play a big role in these developments one main difference between chinese users and european users is that chinese. internet users a fast adopters so when there is a new platform they will immediately go and try it out. we chat alone has more than $1000000000.00 users a month. pay is the leading mobile payment service it works in supermarkets and at restaurants hardly anyone uses cash in china anymore users can even before dr appointments. which is like a super without it getting around in china isn't easy. social media platforms like we chat for example emphasize less the distribution of information but more social network for which i was invented as a means to develop what's called in china. social connection. video streaming services are especially popular in china. instead of future netflix tencent video. and your crew are popular platforms for short videos that last around 15 seconds are flooded with $800000000.00 visitors each month. the current market leader is 5

the new mobility trends favoring sustainability and digital innovation of putting the likes of folks fogging and b.m.w. under pressure other companies have taken the lead like one berlin startup which believes that it's autonomous cob made by a 3 d. printer is the future of mobility. efficient digital and self driving this will be the car of the future if the berlin started big rap has anything to do with it the low key prototype is the company's 1st car that's fully 3 d. printed. loki's the expression of many contemporary trends that have been joined together in one visionary vehicle. those are autonomous driving him ability and 3 d. printing. we're always trying to go these 3 things together to create a unified vision. daniel greening and his team spent 12 weeks designing the car it's made up of 143 d. printed parts made of nylon and other industrial grade materials the pod cars designed for short distances in an urban environment later this year the car will be equipped with an electric motor so that it can go out on its 1st test drives each part is equipped with a digital fingerp

joining me now, digital trends vice president and editor in chief, jeremy kaplan. i mean, come on.just keep going? >> there's a lot of upside still in those companies. if you look at what they do and what they've been doing over the last five, 10 years, there's a lot of future that i think is going to see continued growth over there. who is going to replace these companies? i don't know if there is a big replacement. there is a lot of upside for those companies. lauren: ten years ago was the iphone 3gs, cost about $200. what is the new phone, what is it going to look like? >> here's what's crazy about apple. they continue to make a phone that's more or less like the iphone 10 years ago. there isn't a problem. people still love them. go to digitaltrends.com, look up the best smartphone, we still recommend an iphone. it is still the best phone out there. >> it's interesting. last year and the year before even when they were bringing out the newest model we were like eh, it's just incrementalism. there's no big change. i was with someone over the weekend, were saying i love this new p

. >> digital health is a top trend. technology like smart mirrors are counting the benefits. >> as you can see around, people want to take control of their own health. >> this one can take contract your personal health data send you reminders. give you make of advice. all before you brush her teeth. >> artificial in delegates it can be woven throughout the show. you are going to see that as a key ingredient. >> to a game of pinball to water resistant drones. there is a gizmo or gadget for everyone. >> the drone market is maturing rapidly. people want more functionality from their units. would trying >> thousands of product will be unveiled. innovators say this is valuable. >> it's not the same what they want. globalize all the time. we are just grateful that we are here. >> this is a new beginning after 2004. >>>, maker and riser count flying cars one step closer to reality. uber and you and i unveiled fly the aircraft would make a vertical takeoff and landing in britain congestion. decide to take trips about 50 miles.

. >> reporter: digital help is the top trend in cs this year.ology lexmark mirrors are getting the benefits. >> as you can see right, people want to take control of their own health. >> reporter: this weekend track your health data and venue data reminders show you the news and traffic and give you makeup advice all before you brush your teeth. >> artificial intelligence will be woven to the show. is the key ingredients of platforms. >> reporter: from eight classic game of pinball to water resistant drums. >> >> reporter: there's a gizmo or gadget here for everyone. >> maturing rapidly. people won't break the functionality from the units. it is growing in different try to establish. >> reporter: thousands of products would be and build this week. some will hit the shelves tomorrow and others will stay here in the show room floor for now, these. that's why innovators say that the c in cs is so valuable. >> very involved in it. it's about the consumer. to understand what they want. so that we can do better. >> worldwide when it launched, it is the

digital health is a top trend along with other technology like smart mirrors and water resistant dronesial intelligence will be woven throughout the show. >> more importantly it's really depends upon the consumer. >> global eyes are on ces all the time. >> the big event runs through friday at the las vegas convention center. >>> in dollars and cents today facebook is expected to announce a new policy banning users from posting computer generating videos referred to as deep fake. the new rule will not ban all doctored video but facebook claims additional forms of manipulated video will be checked. taco bell's parent company is buying the habit burger grill for $370 million. the habit has 280 locations worldwide. beside taco bell they also own pizza hut and kfc. and hallmark plans to eliminate 300 jobs at its kansas city headquarters. hallmark says the layoffs will continue to help the company. the company distributes cards in more than 30 languages to more than 100 countries. and impossible burger also testing out something new at the consumer electronics show. the first food vendor to b

digital health is a top trend along with technology like smart mirrors and water resistant drones.artificial intelligence is a big part of this show. >> more importantly it's really upon the consumer to understand what they want what we can do better when products are launched, the best place to launch is here and we're grateful to be here. >> continues through friday at the las vegas convention center. >> 5:57. and the new england medical journal. received a phone call from nasa an as trou naught on the international space station had a blood clot. his first choice was for nasa to send him to the space station. nasa turned that down. they asked him to consult by phone with the astronaut who's not being identified. dr. mall said the unusual case called him to apply what he knew to a situation he wasn't familiar with at all. >> there's no knowledge what the complications might be the risk of blood extension. all the decisions are. >> blood centers were already on the space station and even more and has had no further symptoms. >>> there are 60 more satellites headed into space. they

remember, those are paper to plastic, which continues to be a huge trend in the world than we're seeing paypal go up a lot, plastic to digitalt's another trend. these are all unbelievable trends and they're all playing out to higher priced earnings multiples for this group. larry fink, high priced multiples is driving >> on the plant deal, carl, it is interesting, the $5.3 billion price tag far above the most recent round where they were valuing the company. i do understand there was competition there, you might expect from let's probably guess mastercard, but you ended up with a very big price for what was a unicorn in the payments area and visa's first big foray in terms of an acquisition of that type. >> nice looking chart there. we'll cover the banks all day today, huge story. meantime the head of the world's biggest asset management firm is sounding the alarm, black rock's larry fink warning the financial risks of climate change are bigger than any crisis he's experienced in his career on wall street. he's out with a letter to fellow ceos saying the climate risk is an investment risk listen to what he told our andrew ro

digits. a new report reveals crime trends in the east bay to be done. is s set for the first nfl playoff game ever at levi stadium for stretch mark harper has what ns can expect from the 49 ers they take on the vikings saturday don't go away our 3 of kron 4 news in primetime starts right after the break. >>watching kron 4 are. >>we te area's tourist attractiona where people are really busy t pay attention their vehicles or individuals in the surroundingreas, more themselves, you know where they would be no to stores even seen what's going on. >>now a 10 car break inare not just happening in the bay area police say fees from here are targeting tourist spots in los angeles. thanks for joining us tonight, i'ken wayne and i'm grant lotus in tonight for pam moore police say the suspects ilude. >>bay area gang members and they're using rental cars to travel down to southern california to commit the crimes kron four's j r so following this story. he joins us live tonight in richmond with details, jr. >>well grande, it's pretty simple these bay area fe think th

trends of 2020. what stood out to me, highlighting digital twins.you see bridging the gap between the digital and physical aspects of technology? for having me. you hit on it. it will be product facing, market facing, customer facing, and what i love about it is it puts front and center the importance of the back office, rings like the supply chain, and then broader industries hide industrial manufacturing. digital twins have had a great run. it is being applied to different industries now. taylor: where do you see the future industry? what industries? bill: we are applying it in health systems, hospital networks, how they run, physical health itself, broad treatment, which is not traditionally where we thought digital twins would apply. airport operations, government services, how we think about broad utilities and mission. you really can say across every industry served, which is all. yes, bill, it is interesting. you mentioned health care being one of the industries. i was speaking and doing interviews at the j.p. morgan health care conference, a

digital health is an emerging trend and water resistant drones, artificial intelligence, it will be wovenform for consumer, anything we can do better, globally. >> when products are launched, we are grateful we are here. >> the event runs through friday at the las vegas consent to thatcher. >>> plant-based company, impossible foods adding several things to its lineup. it is developed a fake pork and sausage meat made from vegan friendly ingredients using soy protein in coconut oil. the meat substitute is made to mimic the look and taste of texture of ground pork. the impossible pork does not have a release date as yet. >>> pier 1 imports is closing almost half of its 942 stores. the company is closing up to 450 stores, some of its distribution centers and they plan laos it is corporate headquarters in fort worth texas. the company didn't say how many employees will be affected by them. pier 1 is been struggling to attract shoppers into its stores also to compete online. >>> starbucks adding nondairy drinks made with plant-based milk. they can either order allman milk or coconut milk latte

>>by double digits and a new report is revealing the crime trends in the east bay city are not good whatghbors think needs to be done tonight and it's happened before it's happening again bay area thieves travel across the state to commit crimes. >>where they're going and y keep it here kron 4 news at 9 next. >>watching kron 4 news at 9. >>the city of oakland saw more crime is 2019 than it did in 2018 a report released today showed violent crimes robberies urglaries were all up from the previous ye, thanks for being with us i'm grant lotus and i'm vicki liviakis the mayor police chief and other members of city government address the numbers saying that more will be done to bring crime down car first and thorne we're live for us tonight in oakland, he joins us with more on this uptick in crime and what people are saying about and. >>well they can grant city leade say that these numbers are disappointing but they will be taking a public health approach to bringing crime down but sidents say results is sothing they want to see. >>overall crime in oakland was 15% in 2019 with a significant i

expected to be up to 85% of online orders by 2025 but another trend will have an impact on the industry while usage has increased double digitsch of the past five years, the growth of spending on those orders continues to decline. the use of aggregators could be responsible for the trend. there's cost and speed for restaurant of your choice, think expedia but with delivery. millennials make up 70% of online delivery customer so the future of the industry could be impacted by what feature is the most important to millennials and what i call pizza penetrati penetration. 50% of delivery orders, they still take orders over the phone as they always have. >> pizza travels well. a third party referral to third party delivery interesting concept. >> that's part of the problem for the industry the promiscuous diners, the grub hub ceo coined that phrase, the numbers, there's so much crossover especially from grub hub to door dash that's alarge reason why the market share changes do dramatically a quarter of postmates use doordash >> we talk so much about economies of scale and just to go back to the other graphic you had, i was surpris

she says she did to try and stop the >>plus a troubling trend in the east bay, violent crime is up in oakland that some crimes up by double digits. we break down the new report. >>and tell you what the mayor says the >>you know we care about stuff happening in the area recently but i'm really hasn't happened. >>directly here. >>now at 6 a south by neighborhood gets a rude awakening after a series of overnight car break ins. thanks for joining us. everyone, i'm catherine heenan in for pam moore and i'm grant lotus in tonight for can weigh in at least a dozen cars on 2 separate streets in the willow glen neighborhood were broken into. >>kron four's well bellow joining us now live from san jose with the latest so well. >>that's right i'm here on grace avenue and i'm not sure if you can tell, but this car behind me is just one of several that were broken into most of them having as the driver side window smashed in most neighbors here spent the afternoon sweeping up that broken glass that was left on their street i actually did speak with the young woman who saw the burglars and spring into action.

trends i mean because anti-semitism for example is on the rise. it's a very difficult issue to because in the modern world of course in the digital world it mostly occurs. in social media where people feel protected and where hate speech is a general problem it's not simply and to semitism anti semitism is an aspect of that. and because we live i think it at a time in history when there is a sort of crisis of certainty us where people feel very very insecure about many things in that there is a tendency for people then to look for scapegoats and i think that this is why we have to be securely careful at this time and why the message of our ships today was so important to barack thank you so much john. you've been watching the news i'll be back in a few minutes with the latest headlines and for that you can always get the latest news and information on our website around the clock that is at deep dot com more news at the top of the hour. i'm in. one of the richest countries on earth. but every year around 700 women die in childbirth or shortly after most of them are african-american ask. why are there risk factors so high. oh mama gone to heaven america

there were some macro trends that created serious headwind . the development of this with the digitalurricane that swept over old-school traditional media newspapers large and small -- media. over old-school traditional media newspapers large and small were decimated of objectivity and news reporting deteriorated or disappeared in some cases and some politicians found blaming journalist was a political gain so the traditional media natural base of support was left economically weakened. we also opened in the midst of a recession and fallout from that greatly increased over time with annual interest payments on our debt and because we receive no money from government entities to remain independent we had to charge an admission fee of more than $20 that was in line with museums around the country and around the world but quite high for washington where the government funded institutions are free and we underestimated how hard it would be to breakeven when the competition is free. so much for the tedious financial details the good news is we had a great run and in our nearly 12 years on

trend in crime nationwide. they are giving credit to the men and women in uniforms. homicides, raps, robberies down double digits since last year. >> this is the lowest number of homicides that we've seen since 1961. it is unbelievable, but we didn't get there by accident. >> but car burglaries continue to be a struggle for san francisco police. last year there were 25,000 car break-ins in the city. while this was a 2% drop, the arrest rate is very low, just 2%. >> in the shadow of tesla's assembly plant off highway 880 in free mont, a growing number of homeless are camping in rvs, cars and trucks. nbc bay area's marianne favro joins us live in free mont with a closer look. marianne. >> reporter: terry, for months we've seen trucks parked here across the street from tesla, but now we're seeing a lot more rvs and vans. many people are choosing to camp out here because they simply can't afford the pricey rents in the bay area, and they also want to be close to jobs. just a few feet from this fortunate 500 company, tom is sprucing up the area he calls home by mowing this small patch of lawn in front of the van he s

expectations of around 4% for the full quarter and well below the recent strong sales trends that target has seen comparable digital sales, what happened apparel, essentials and beauty were up, but key holiday categories, toys, electronics, home, which make up about a third of holiday sales those were weak. toys were flat target's toy sales have grown for 21 straight quarters as it has expanded the inventory, trying to pick up some of the market share loss from to toys"r"us. they actually grabbed 20% of the market share in 2018, so many are wondering is that now over back over to you. >> thanks very much for that down 7% as you said. >>> turning to the other big story out of washington today, the signing of the phase one trade deal with china. kayla was there in the room and joins us now. >> wilf, the event was a couple of hours wrong, but the events are going to be reverberating on the campaign trail for the rest of the year. president trump ran in 2016 on holding china's feet to the fire economically and even though today was a partial trade deal, it was still an unprecedented one capping off two years of at time

are they looking at, what are the trends, what topics and is that causing them to spiral and leading to some of the worst case scenarios. your magazine looks at digitalthics, this is yourarea. iwant looks at digital ethics, this is your area. i want to read out this statement from someone who is the national director for mental health nhs england. if the tech giants want to bea nhs england. if the tech giants want to be a force for good take their responsibilities seriously until then, they cannot confidently say whether the good outweighs the bad. do you personally agree with that?|j do you personally agree with that?” think so, you know, ithink do you personally agree with that?” think so, you know, i think untilt more is done, tech company, it is like the wild west out here, there is such a lack of regulation, and i think it is important to note that all this data, that will be researched is anonymous data and it is trends, looking at the overall picture, so i think until that is done, we can't confidently say that you know, social media is a force for good orfor bad. you know, social media is a force for good or for bad. we are going to pick up o

trend in crime nationwide. the mayor and the chief are giving credit to the men and women in uniform. homicides, rapes, robberies all down by double digits since last year. >> this is the lowest number of homicides that we've seen since 1961. it is unbelievable, but we didn't get there by accident. >> car break-ins, that's another story. they continue to be a struggle for police. last year there were 25,000 car break-ins in san francisco. >>> while the stage is set for super bowl liv, the 49ers arrived in miami on sunday. here's a look at what happened in miami today. hard rock stadiumint job. the nfl logo is at the end of the 50 yard line. the super bowl liv logos too. the end zones, though, still need to be painted. >> a handful of 49er faithful got a chance to meet a legend tonight. the great of all time, jerry rice, at 49er fit jgym in san jose. he was signing copies of his new book. >> and he's doing kettle bells too. fst 49 people got him. he's no stranger to the super bowl. he won three with the 49ers and shared this advice for this year's team. >> just enjoy the moment but know the reason why you're there, and that's to win the s

you think we in congress can develop a more as a response to the concerning trends on the internet? you mentioned a digital update of federal agencies. and you talk about that? >> the problem of humanity is we have paleolithic emotions and accelerating godlike technology. aen your steering wheel goes like you're behind your technology, the system crashes. behind your technology, the system crashes. youy category of society -- say where do we have jurisdiction in these areas? plan withme up with a where the regulations are going to be. that is the only way i can see scaling this without creating a whole new digital federal agency that will be way behind these issues. >> i am running out of time. i other question was going to be to ms. bickert about the role of government. i would like to have a conversation with you about what you see as the role of government against self-regulation and how we can make something happen here. the bigger concern is for us to make sure we are looking at this as in david -- an individual level but also as a society. i recognize the gentlewoman from new york, ms. clark. rep. cl

digital. take it 'til it's good. he's like, i couldn't find my glasses. >> i saw your face. >> the latest trend my mom will send us videosnd randomly start recording feed or flip the camera. i don't know. i enjoy my parents vacation selfies. they look just like that. they live in l.a. so they don't know i'm talking about their selfies. golden gate bridge look at no fog, it's looking good and we are going to notice that a little bit more high cloud cover will roll in by the afternoon, so how are our temperatures doing? 44 degrees in san jose. 42 in livermore. 46 in palo alto. 50 degrees in san francisco, and look at the 24-hour temperature change. we're running several degrees warmer at this hour, compared to the same hour yesterday. san francisco 9 degrees warmer. san jose about 3 degrees warmer. santa cruz 5 degrees warmer and a slightly warmer afternoon as well. satellite radar shows a combination of a little bit of clearing mixed with some cloud cover, rolling in today. your microclimate highs will be at about 59 degrees in oakland. 57 in san francisco. san jose 61 degrees. up through santa rosa 62. concord 63. we cou

number of localities to ban its government agencies from buying or using digital facial recognition for any purpose. this trend threatens to create a patchwork of laws that will result in uncertainty and may impede legitimate uses of the technology. unfortunately, this is not an issue we should leave to the courts. facial recognition presents novel questions that are best answered by congressional policy making which can establish a national consensus. the unique government-wide focus of this committee allow uses to address facial recognition technology here at the federal level. we know a number of federal government agencies possess facial recognition technology and use it without guidance from congress despite serious implications on the first and fourth amendment rights. we must understand how and when federal agencies are using this technology and for what purpose. currently we do not know even this basic information. because our committee has jurisdiction over the entire federal government's use of emerging technology, we must start by pursuing policy solutions to address this fundamental information. it

digits. you can see from napa the general trend however is and will remain from the south however in the areas are going continue to point in that directio how rip currents rather excuse me 39 santa rosa elsewhere we're already into the 40's. 41 for livermore mid 40's own on the st bay shoreline 48 meanwhile for san francisco, 41 san jose, future cast for that nothing changes over the cour of today obviously and then we get into tonight tomorrow. maybe add a couple little sprinkles up there in the orth bay, potentially mountain. some spurts of sn going on then we get to late on monday night tuesday, 01:00am we freeze that still waiting for the here's the progress getting all the way up to about a 15 or so there you see it covering a good chunk of the beta but not everybody yet so some folks on tuday may not see those t roads as we wait for the system to drop south. most of the week are really very uiet though cloudy going on into the early afrnoon temperatures lower 50's. although we expect a little bit better jump happeng in such as down to santa clara. high near 60 year temperatures near the

that we in congress can develop a more agilee and responsive the concerning trends on the internet? you mentioned it digital up data federal agencies. can you talk about that as well? >> the problem here is we have the problem of humanity as we have paleolithic emotions to evil institutions and accelerating godlike technology. when you're steering wheel is a lighter behind you are -- the whole point is we have to get digital updates. some of the existing institutions health and human servicesgy you can imagine every category of society. we put the tech companies in and a direct relationship for every quarter there's an audit and actions that are going to the taken to ameliorate the harms. the only way i can do this will be way too late for these issues. >> i'm running out of time but might question was going to be to ms. bickert in the row role you see of government but i think we are having a lot of numbers stations about freedom of speech and the role of government. as a follow-up i would like to have a conversation with you about what you see as that the role of government versus self-regulation and how

trend continue to seem higher? payments is a fast-growing industry. global volumes, give or take 10% growth on a global basis. tothe u.s., i single digits low teens.ted some of the deceleration to the difference. if you think of it on a steady state basis, it is actually something that tells you a bigger picture about the economy. the global economy is actually pretty solid. been beatinghave the drum on square for quite some time. i think you have the highest price target on the street at 105. you showed there was a little bit more traction now with that cash app. almost did a survey of 200 people. we asked, how willing are you to see another price increase? what we found out was remarkable. people were willing to accept up to 2.3%, a 50% price increase from 1.5% instant deposit. instant deposit drives the majority of the revenue. why is that the case? the answer is, having access to the banking industry for the under banked and on banked -- unbanked is-- and more expensive otherwise. if they pursue the price increase, that is upside topared to 21 -- compared 2021 estimates. sarah: you have a price target of $105 on square, which implies a 40% gai

trend, margins have come down over the last couple of years. partly due to low interest environment. reducing margins come kun a little bit further. automation. digitization hubs to bring down costs. some of those efficiency gains will be passed on to our clients. we do expect a bit more margin compression. that's ok. haslinda: add to that, negative rates, how is that impacting fees and flows? >> of course we don't like -- we do hope for an environment that will eventually allow long-term trend to revert but realistically our expectations for this year and for significant rate change, rates increasing if not -- is not there. we expect the situation to remain a little bit like we are seeing it now. >> we do think it is not helping. having said that, it has helped our asset management that has strong focus on private equity. people have struggled to get the returns in traditional asset classes. they shifted their locations to the alternatives which is be strong. haslinda: the stock market has been rallying. it does look like a mark that wants to keep going up. how much more upside do you think there is to the stock market. >> i think we've seen it grow and

digital ad space come or he says things look positive, with the strongest uptick belonging to google. joining me, pivotal research senior analyst michael levine, who currently has a buy rating on alphabet. trendsead last few months show you about how google was best poised to outperform? what i think you are talking to is the pivotal advertising insights product, where we survey about 55 large agencies and large marketers. , over the course of the quarter, was pretty clear increasing ad loads in terms of the shopping products, and on youtube. we were pretty shocked when we saw the significant improvement in r.o.i. for the third quarter, not only versus the third quarter. when we looked at the q4 versus seemedseasonality, it pretty pronounced. taylor: another stock you mentioned that is poised to outperform relative to consensus his snap. snap frankly has been struggling. $18. now, trading at the median price target on the street is only about $19 per share. what is snap's angle here. how do they stand out against so many other big competitors? i think their execution has gone from being relatively lackluster to exceptional. amazon,, the cfo from the chief sales officer, jeremy gorman, also out

trend. stick with cramer. they're changing by the nanosecond. that's why cognizant created a unique engineering approach to design and build new digital products.nt softvision designs experiences and engineers outcomes. ♪ cool. ♪ ...take the personal assessment and get matched i love the new myww program, because it's tailored to you! with a proven weight loss plan. find out which customized plan can make losing weight easier for you! myww join for free and lose 10 lbs. on us! >>> let's be cautious before we're on or opportunistic. it is okay all week it has been right there is always a bull market somewhere and i promise to try to find it just for you here on "mad money." i'm jim cramer and i'll see you monday >> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ are entrepreneurs from park city, utah, with a healthier version of a favorite breakfast treat. hey, sharks. i'm joel clark. and i'm cameron smith. our product is kodiak cakes. we're here seeking $500,000

trend that will continue. people want more product, better products, cheaper. digitalnvestments are not a one-off investment. francine: how would you grow the bank? to become bigger in asia? do you need to look at countries where you can grow and bring your brand there? antonio: our purpose is to help britain prosper. there is a huge segment of the market in the u.k. underserved of financial advice in terms of whichment and retirement, banks left many years ago. we have gone back to that segment in 2019 with a partnership with a great partner where we want to provide advice at a reasonable cost to consumers, which is a fragmented market, and where people need to think. a low interest rate environment is a growth area for us, together with the insurance business which has been doing well, and where we have market shares around 10%. francine: you are not expanding internationally? you could have clients to say, i want to go to china, and you can support them in that. would that make sense for you? antonio: our strategy is to help britain prosper. customers to export, and

digits. a beautifully served gin and tonic is a more attractive option than a glass of boring the white wine or beer. those trendsou for joining us, ivan m. menezes, ceo / exec. director, diageo, talking us through the results and trends we are seeing continue to grow. goldman sachs has held its first-ever investor day. the ceo, david solomon, spoke about the event and the growth strategy. opportunities to grow our business organically, and occasionally there are opportunities to do something in organically that allows you to accelerate your plan. we wanted to move more quickly into the high net worth wealth management business, and we were able to accelerate our expansion. at the landscape and think about things we want to do, that is what we are focused on. but we are not looking to buy big banks. we want to do what we can do, but we are thriving on our platform. >> speaking of things changing a goldman sachs, one interesting thing i picked up today's performance will be changing slightly. what is a way your bankers will be evaluated differently as you think about how they are compensated? is notfor performance

digits in the u.s. tom: let's talk the stock market as proxy. regressionter with a from 2005 and if i go back 14 how apples remarkable computer is basically on trendut the point here, do you look at the market as on trend off of business revenue and earnings growth or is it ahead of itself? karen: i think it is a touch ahead of itself. we tend to focus on earnings where we are about 18.5 times ahead of the s&p. no red warning signs but certainly a little bit higher than the history would suggest and that means we do need to see earnings up, coming through on expectations. thingne: what is the one that markets have mispriced? if it is bubble territory or if we are measuring it wrong. putting thenk it is bond market and the equity markets together. the one thing that concerns me is the equity market feels slightly like it is pricing in the best of all worlds, trade tensions are up, we will see a very nice strong recovery and yet we are not seeing that come through in any of the core bond market pricing. a little bit of volatility will help it to high up closely together. francine: what is your take on emerging markets? if you look at the u.s., europ

on line orders now other trends that could be troubling for a industry with thin margins and some companies that have yet to be profitable usage has increased by double digits, the growth on spending in orders continues to decline the use of ago ra getters applies. a site called foodboss gives users a choice millennials make up 70% of delivery customers the future of this industry could be largery influenced by what is influenced by millennials. 57% of orders are still pizza. a lot of still mom and pop stores that take orders by phones and have their own drivers. >> that would be changed by generations. pizza. the interesting part is how much it costs and how long they can hold out >> we have some transparency to grubhub. they talked about cross over between the different brands >> shocker no loyalty >> 33% of post mates use doordash a quarter of post mates use grubhub. the question is what is the difference between these two do you really care who drops off your food? >> thank you >>> take a look at this, 10-year mystery etf chart. we'll tell you why the trade deal may be set to boost this sector even higher when we return through the at&t network, edge-to