with us now federated hermes equity cio, steve ott.e don't forget when our guests made great picks and bad once, because we want to hold everybody's feet to the fire, boy were you right when you said people should be nibbling around the edges on down days. that was a couple of months ago. we hadn't even gotten to the worse of the coronavirus. what are you telling investors now? >> we really thought you had to hang in there, liz. my experience over 40 years is you just can't panicked in these really bad environments because the market has a way of coming back. you know, we think we're in a secular bull market here. we didn't that i that changed, based on thedown draft. we still think that is the case but we've come a long way in a hurry. we made up a lot of the ground that we lost. we think the going gets a little tougher for the average. we're talking to our clients, active stock picking. the big gains the last six months we think are behind us. we can climb higher. stick with equities. we're still overweight equities, two or three yea

herm's is consistently leading the fight against efforts to establish humane dog breeding standards in the states at the federal level. over $5000.00 kennel inspections last year. the american kennel club. we make all this possible because you make us possible. just or your dog the only us registry that matters is in any case sea org and or ever we advance that sort of legislation radical not far reaching just basic fundamental anything that a pet owner would think is a minimal standard of care the casey opposes it since 2009 the a k c as opposed over 100 different bills regulations ordnances the protect dogs in 2012 alone the a k c opposed to nebraska state bill that would require commercial breeders to have regular on site visits by a veterinarian a louisiana state bill that would prohibit all dog owners from stacking crates a rhode island state bill that the a k c deemed dangerous that would make it unlawful for dog owners to keep a dog confined in a pen cage or other shelter for more than 14 hours a proposed ordinance in shelby county tennessee that would make it a violation to lea

goes to die again risk dice in your pension fund dies in your municipality guys where it's going to herm harm the most people right spread out across the peasantry away from the top 0 point one percent and that is this really is a staggering statistic investors paid $230000000000.00 in performance fees over a 10 year period for returns that could have been matched by an inexpensive tracker fund costing just a few basis points so that is private equity was handed all this money muesli by pension funds like calipers and they took $230000000000.00 in fees and they did not outperform just buying a simple index that cost you know a fraction of a percent right it's a it's an enormous down the private equity industry as as it is the hedge fund industry hedge funds very rarely outperform the market and it in any consistent way and even warren buffett has failed to outperform the market for 15 years and private equity is huge you dump of fees but you know that great marketing and they're out there in the hamptons like monks people that don't know anything about anything railing and they get them

see the clouds rather ragged at the moment and sorrow to be watching for the overcast 3 months the hermes finished certainly on his way otherwise we are hot and dry of course and quite a strong pick yet again this is monday's fall caused the temperature in baghdad has come down to 41 the still quite hotly q 8 so what about 40 for the most part off the breeze changes the temperature of course is often full of dust which is the case recently the breeze eases on tuesday the temps has risen in q $8.00 to $46.00 as a result the onshore breeze from that straight is keeping things rather cool never than down through to jerusalem and north egypt otherwise nothing much to say it is hot and dry time of year that's true throughout north africa even the coastal breeze is doing no more than edge the temps down to about $29.00 in tunis and a sort of orderly bengazi cheryl weiss well this is the time to watch what develops over get some pretty big shower lumps the move slowly west was there's nothing developing in the immediate future just daily showers but west africa is seeing some pretty big showers

steve auth of federated hermes. thank you very much. that will do it for "the claman countdown." >> rally marchs on as new york city begins phase one of reopening. stocks surging on growing hopes for a economic recovery. right now at the white house, president trump sitting down with top law enforcement officials. we'll bring you any breaking comments from the president this hour. market as longest winning streak in nine months and nasdaq closing at the high of the year. i'm jackie deangelis in for melissa francis. weld come to "after the bell." connell: good to see you, jackie. i'm connell mcshane reporting live from the bronx. new york city is finally starting to reopen its economy. we're exactly 100 days of the first covid-19 case being confirmed in this city. it is a good day, good news for many small business owners but it also might be quite challenging. remember this city was hit hard, more than 200,000 coronavirus cases, over 20,000 deaths and no part of the city had it worse than the bronx. now you add to that the looters who t

, and i want to walk over here because this is one of the iconic stores along madison avenue, the hermes. they're known for their scarves. some vandals tried to get in here. they were not able to breach the glass, but you can see that it was pretty well shattered. all up and down madison avenue, these storefronts that people love to visit, love to look at, love to aspire to in many cases, many of them -- as you can see over there, the bally's store has already been covered in plywood. what's hard to determine is if they're covered to protect them or if they're covered because they have had some sort of vandalism. the other thing we've seen throughout the course of the night tonight, i think i mentioned to you an hour ago, brian, how the breitling store had been broken into. vandals tried to get in there. by the time we came back through an hour later, it was completely covered. you would never know there was an issue there, that there were arrests there, that police had given chase there. it was just another of the many stores that were boarded up. so much of this city is unrecognizable,

, and i want to walk over here because this is one of the iconic stores along madison avenue, the hermes. they're known for their scarves. some vandals tried to get in here. they were not able to breach the glass, but you can see that it was pretty well shattered. all up and down madison avenue, these storefronts that people love to visit, love to look at, love to aspire to in many cases, many of them -- as you can see over there, the bali's store has already been covered in plywood. what's hard to determine is if they're covered to protect them or if they're covered because they have had some sort of vandalism. the other thing we've seen throughout the course of the night tonight, i think i mentioned to you an hour ago, brian, how the breitling store had been broken into. vandals tried to get in there. by the time we came back through an hour later, it was completely covered. you would never know there was an issue there, that there were arrests there, that police had given chase there. it was just another of the many stores that were boarded up. so much of this city is unrecognizable,