olivia: including julian emanuel who was just on with us.was looking for equities to hold a lot of cash on the books. is the biggest fear china? inflation? lisa: the people i speak to, deflation. many central bankers do not have tools left to counter it. olivia: they might not need to wait until inflation appears. lisa: i think it is interesting because there has been this debate where people are saying, who cares if companies are raising money in the bond markets to pay off stock buyers. right now stock buyers are saying, it is not ok for us. olivia: that you so much. lisa abramowicz joining us. yields are signaling it might be time to sell. don't go away. ♪ olivia: this is the bloomberg market day. i want to get to some top stories. pepco say they are going along with their plans degree the largest utility in the united states. the washington dc public service commission rejected the takeover. regulators have approved the deal in other states. the d.c. commission gave exelon and pepco 30 days to request reconsideration. google's life scien