we will talk about that with joanne feeney. that is coming up next. this is bloomberg. ♪ i did have hearing aids from another company... i was just frustrated... i almost gave up. with miracle ear it's all about service. they're personable... they're friendly. i'm very happy with them. we provide you with a free lifetime of aftercare. meaning free checkups, cleanings, and adjustments. i see someone new... someone happy... it's really made a difference. call miracle ear at 1-800-miracle and schedule your free, no obligation hearing evaluation today. ed: joe biden enacted an executive order yesterday on basing restrictions on china's tech sectors, for example quantum tech and ai systems. this will restrict company's ability to develop next-generation military and surveillance technologies and could threaten u.s. national security. let's bring in joanne feeney, partner and portfolio manager at advisors capital management. you have a global view and we know you as someone with a long history with the chip sector. the chip sector as a target of this initia

joining us is joanne feeney, $6.2 billion under management. it's good to have you. how are you positioning broadly for the second half in terms of exposure after a strong first half and now some wobbles here in august? >> yeah, hey, sara. you know, it really depends on the client because, obviously, we have some folks that are in retirement more income oriented. we are looking for high quality clients. as you pointed out, one area we are excited by is the bargain-hunting consumer. whether that's a target or tj maxx. those are good opportunities, or mcdonald's because they bargain hunt when they go out to eat. especially this environment, with inflation, coming down but having taken a pretty big chunk out of the purchasing power of the especially mid to low income consumer. >> tjx is widely appreciated after this week. target maybe less so, even though it had a decent reaction to earnings. a lot of bearish sentiment around market share losses and what happened during pride month. why do you think it's good value? >> clearly, they had some missteps in managing through

joanne feeney she said that's not really dramatic enough, right? so at what point do we start to say, okay, these economies have more have decoupled more than people previously expected? that said, there are some corporate actions that have a lot of sales in china. i'm thinking, you know, tesla, apple, apple. i'm thinking others. and what that could do could be substantial. is this dramatic enough? donald trump indicted in atlanta over efforts to overturn his 2020 election defeat in georgia. it's the fourth criminal case brought against the former president. in a statement, trump's lawyers calling the indictment, quote, shocking and absurd. lisa, we've got new york. we've got florida, we've got washington. and now we've got georgia. and arguably people are going to be paying attention more to this one, not only because of some of the phone calls and the allegations and the number of people who are roped up into it. it's donald trump as well as 18 of his associates, but also it's going to be televised. so you can just imagine, is that going to be a

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