an jay pelosky still with us from global advisors. ink of investing in tech? jay: tech has been the clear leader for the equity market going back years. it is done fantastically, and now, it has become a piÑata for issues, but it has not manifested itself in the price. i think we are at the beginning of the shift away from technology, which means away from growth and towards value, and the market needs to find a leadership, and that leadership could come from financial and industrials. the tech has had a great run. many companies want to play some of that value back. growth will slow and investors will start to look for new homes. alix: reminds me of oil companies. when oil prices are high, companies want a bigger piece of the pie. , the secretary-general will grow -- will join us where trade talks in when osiris are front and center. this is bloomberg. ♪ this is bloomberg daybreak. i'm alix steel. a selloff in tech in the u.s. and a potential deal between the e.u. and u.k. is optimistic coming from a press conference with david davis