david: emily roland of john hancock investments and erik davidson of wells fargo, thank you very muchng with us. through thee sift 13 f's in wall street beat. ♪ emma: this is bloomberg daybreak. hour, lizin the next sonders, charles schwab chief investment strategist. this is bloomberg. now to your bloomberg business flash. the royal bank of scotland has agreed to a record settlement. the u.s. justice department says the bank will pay $4.9 billion. authorities report it is the biggest penalty imposed -- rbs is not admitting to any wrongdoing. a chain department store have soared today. the company owns all of the 30% stake. a formal bid may be forthcoming in the near future. alcoholic beverage -- is -- nding its bad the maker of corona beer is investing in cannabis growth. that is your bloomberg business flash. alix: we turn now to wall street beat. filings reveal the positions of einhorn and more. china pauses the game amid agency shakeup, china freezes approvals for the world's biggest gaming market. cfa past rates drop. david: joining us now is peggy .ollins these are always a litt