we are thrilled to bring you jonathan golub. it is like, where are we in the equity markets? resilient even with the curve flattening we have seen. any number of themes to talk about to get you ready for the end of august and ready for back to school, already happening across manhattan. stay with us. this is "bloomberg." ♪ retail.

tom: jonathan golub, enthusiastic on the markets.a morning briefing, needed with the news flow we are seeing. you get that on bloomberg radio. a nice start to the monday, start to the week. from london, from new york, stay with us. this is "bloomberg." ♪ xfinity mobile is a new wireless network designed to save you money. whether you use your phone to get fit. to find meaningful, thoughtful, slightly-weird gifts. or just to know which way you're facing right now. however you use it, your wireless bill is about to cost a whole lot less. ask how you get xfinity mobile included with your xfinity internet. so you just pay for data -- by the gig or unlimited. saving you hundreds of dollars a year. plus, get $300 back when you buy a new smartphone. xfinity mobile. it's simple. easy. awesome. click, call or visit a store today. tom: good morning, everyone. i johnson in new york. york and ison in new am tom keene in new york. your first word news in new york city. here is taylor riggs. >> authorities in jacksonville, florida say a gunman at

come on in market watcher jonathan golub, a credit suisse kind of guy. how are ya? >> good.art: is this just another one-day trade blip, we'll recover fast and go on our way? >> the fact that the market's going to be down? stuart: because of the trade headlines. >> it is, and they're noise. let's put this in perspective. since the lows of the market in february, the market's up 10 is %. the market year to date is up 5%. if you annualize it, if we kept this pace going on all year long, you'd be just shy of 10% for the year. we can worry about the fact that trump tweets and the market coughs a little bit, but it doesn't really matter. stuart: am i right in saying they've got computers these days which read headlines, and the moment anything negative comes across, boom, you sell stuff? is that how it works? >> i don't know if that's the majority mark, but absolutely there's stuff that scrapes through the internet, finding things and reacts because they want to do it before you get the opportunity to go and think about this and, sure. but in general, i think that we, you know --