. >> very open and honest comments there from jeremy grantham and we'll have more on the thoughts on and which emerge markets he likes right now. >> he is not managing the main funds right now, is he is this how he's spending his time climate change >> where he dedicated over 90% of the personal welalth for his management. >>> shares of kroger sinking after a big earnings miss. what executives told understand about t -- us about the numbers next on "closing bell. servicenow put our workflows in the cloud. this changes everything. you're right sir... everything. no not everything, i mean you're still blatantly sucking up to me gary. brilliantly observed, sir. always three steps ahead. six steps ahead. sixteen. so many steps. you done? a million steps ahead. servicenow. works for you. >>> welcome back shares of kroger sinking today after posting weaker than expected earnings. you spoke to the company. >> the takeaway and headlines were worse than expected and kroger slammed down 10% right now. it was a miss on the top and bottom line. weaker than expected guidance for the full year and

o we make any changes because jeremy grantham thinks the total returns might beess than average? >> you've always advocated, and i assume you still do, a balanced portfolio, take a look at reit, lance when we get the inflection points. >> sue, that's the most importan to have a plan, right? stick to the plan and tune out some of the noise. part of t sticking t plan is sticking to a risk tolerance. you can sleep with theio portf you have and setting a calendar item such that you know that you have to look atthis. has the movement in the market had me overweight in the mart and n enough exposure to fixed income? that rebalancing on a regular basis helps that. you have to have a plan and want o stick to it. >> arthogan, words of wisdom. national securities. good to see you. >> good ks see you. th >>> across the atlantic a critical brexit voteak will place tomorrow. the country is set to leave the european union on march 29th. as ofs now there no deal outlining exactly how that will happen and wsillem marks explains,ithe pal fighting has become a parliamentary game of brexit chutes a

. >>> exclusive interview with n'-founder jeremy grantham dot miss that on closing bell tomorrow we'lle right back. you should be mad at airports. excuse me, where is gate 87? you should be mad at non-seasoned travelers. and they took my toothpaste away. and you should be mad at people who take unnecessary risks. how dare you, he's my emotional support snake. but you're not mad, because you have e*trade, whose tech helps you understand the risk and reward potential on an options trade it's a paste. it's not liquid or a gel. and even explore what-if scenarios. where's gate 87? don't get mad. get e*trade and start trading today. whai tell clients, etfs can follow an index, but which ones target your goals? it's not about quantity. it's about quality. no trendy stuff. i want etfs backed by research. is it built for the long-term? my reputation depends on it. flexshares etfs are designed and managed around investor objectives. so you can advise with confidence. before investing, consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus co

. >> speaking of that, listen to what we just heard wilbur ross sat down with jeremy grantham here's his takes on u.s. stocking right now. >> you can't get blood out of a stone. with these prices. even the bulls and everyone in between at gmo agree over a long horizon like 20 years, u.s. market will deliver 2% or 3% real and for the last 100 years, we are used to delivering perhaps 6% rails so it's not the end of the world but going to break a lot of hearts when we're right. >> they've been bearish for a while. do you think the 2% or 3% real returns is something you're forecasting for the stock market or would you think it can do better than that as it has for the past decade? >> 2% or 3% more likely for the decade to come, kelly, because we have had a one-decade where you have immense amount of monetary stimulus which i think we had a tailwind. you can do that only once. that story is long over and now we are talking about technological changes and i think you are looking for slower economic growth and therefore, slower real rate of return both on the fixed income and equity side. >

. >> we have another big day jeremy grantham rarely does interviews he is known for spotting bubbles eeest forecasting. thinking to 2000, 2008, his thoughts on markets and current environment on "closing bell." >> see if he uses today as ammunition it has been a rough session. s&p, 2751. "squawk alley" is next don't miss david's exclusive with former ceo of sprint on the new latin american front i don't know what's going on. i've done all sorts of research, read earnings reports, looked at chart patterns. i've even built my own historic trading model. and you're still not sure if you want to make the trade? exactly. sounds like a case of analysis paralysis. is there a cure? td ameritrade's trade desk. they can help gut check your strategies and answer all your toughest questions. sounds perfect. see, your stress level was here and i got you down to here, i've done my job. call for a strategy gut check with td ameritrade. ♪ it is 8:00 a.m. in menlo park, california, 11:00 a.m. on wall street "squawk alley" is live ♪ >>> good thursday morning. i am carly fiorina with morgan brennan and

don't miss a rare interview with the investor who called the 2008 downrntu jeremi grantham when you lookng our world, what do you see? we see a billion more people breathing free. we see access to fresh food being the global norm, not the exception. we see homes staying cooler, without the planet getting warmer. at emerson, when issues become inspiration, focusing core strengths to create a better world isn't just a result, it's a responsibility. emerson. consider it solved. >>> welcome back we've been watching what's been happening. stocks and currencies both on the move following the news conference today that started just about 26 minutes ago. u.s. equity futures are back down they turned positive for a while but now they're down about 45 points the nasdaq is down by about ten. in europe, we had seen early this morning that many of the stock markets were down by .5% in terms of the euro, we've been watching that. it was right around 112.57 let's check back in with steve who's been listening to mario draghi >> i think everything that you might want to think about this flows from the ch