we will get news from james bevin. will ask them about banks and automakers. ♪ it has been a rocky start in 2016 for equity investors. what can we spec from the rest of the year and where can stock pickers find value? -- and what can we expect? james, can you get any returns on banks? there is one story that caught my eye. suisee may look at issuing some kind f cat bond. it is what insurance companies do to protect themselves, catastrophe bonds. they're looking at applying this bond to kick in for cyber security crimes and rogue trading. know there is a hefty risk premium required in the marketplace for entities that are not seen to be robust in terms of controls and ongoing activities, particularly those in cyberspace. cyberapparent that a attack can lead to a company being brought to its knees. there have been a fair number widely reported in the press, along with rogue trading. in terms of shareholder value, we need to avoid deep down drops of reported earnings, it's very smart. people should be prepared to pay a pr

we are going to put james bevin on the spot. it is time for the battle of the charts.ad of the tesco opening, i show you euro-sterling, the yellow chart spiking up that is the brexit risk. that -- then i show you food price inflation. you can see the correlation with euro-sterling. we have this divergence here. two things. we might be looking at higher inflation in the autumn as we start to import more food into the u.k. that could be good news for tesco is that will allow its margin story to start to improve. i am feeling like i have it made today. hans: either way, you are going to win because you get to talk about a british supermarket. i know that make you happy, the provincial fellow that you are. i am going to explain this to you. have is the world index. we also have wti. the important thing is we see them moving in tandem. the correlation is increasing. it is the highest correlation since 2013. james, if you like oil, you may like equities. that is what this chart shows you. james, give us your decision. buts: i likeguy's chart, not for the reason that guy sugg