david: alessio the longer and gabriela santos are staying with us. -- alessio de longis and gabriela os are staying with us. this is bloomberg. ♪ ♪ emma: this is bloomberg daybreak. france's bnp paribas says it wants to do more to combat climate change. they will no longer finance companies whose main business stems from oil and gas stemming from shale. they say they will not fund such objects in the arctic. the wealthy are staying on the sidelines when it comes to cryptocurrencies like that coin according to ubs -- bitcoin. they tell bloomberg they do not think there is any meaningful desire of high risk investors to make bets on crypto currency. uber faces at least five criminal investigations from the justice department, two more than previously reported. bloomberg learned authorities are asking whether the ride hailing startup violated price transparency laws and looking into whether cooper had a role in the legend theft of documents -- alleged theft of documents regarding alphabet's self driving technology. david: a big story from eric newcomer from bloomberg tonight, today overn

we're going to continue this conversation ahead of the jobs report gabriela santos. abriela, let's kick off with what mike was just talking about wlsh how does this feel to you >> it feels like there's a good justification for the rise in the market, and actually for the low volatility as well if we think about all the shops that were thrown at u.s. earnings and the global economy over the last few years, we had plunging commodity prices. we had very unbe stable currencies we had fears of a chinese hard landing. those fears have stabilized and dissipated it does make sense to us to have such good risk asset performance and such low volatility. if we look over the next few years, right, certainly we acknowledge the market has come a long way in the u.s. we don't think it's going to come collapsing down right? a bear market only comes with a big recession. we are starting to think that opportunity is more and more really overseas. especially when we think about europe and emerging markets. >> josh, a big part of this will be what the fed does because interest rates are