still with us is karen ward. questions about brexit, negative rates, and simply how the bank of england is modeling the recovery. where do you see value in u.k. assets? karen: i think, again, with the negative interest rates being left on the table and within the u.k. stock market, the financials are still going to suffer while that still lingers. energy is another big component. we note it seems until we are until full recovery, energy crisis being capped at around the $40 mark. i think that will continue to be an issue. and the question of sterling for the broader international large caps. i think they market is pricing in a deal and, therefore, that support -- somewhat supported as the dollar has been falling. if that turns out not to be the case, i expect sterling will go to the large caps. francine: thank you so much, karen ward, chief market strategist at j.p. morgan. joe biden ready for his keynote speech. ♪ experience the ultimate sports hub. where you can find games, news and highlights. all in one place

karen bass is definitely one of those folks who is being considered very seriously. to your question to the time line, biden initially said i think it was in a tv interview i think after wardmay have thought why would i put that self-impoeszed deadli self-impoe self-imposed deadline. democrats need to get a lot of attention and buzz around for fund-raising efforts and for unity, forts heading into the national elections with donald trump in september. i think that announcing it as closely as possible to the convention is one way that biden's team can gin up enthusiasm around that announcement. >> angela, there are a lot of different arguments circulating for how former vice president biden should think about this pick. there's the argument that he should make someone who will be very loyal, and someone who will fire up the more progressive wing of the party and there is an argument that he needs to choose a woman of color and more specifically, a black woman. you argue that senator elizabeth warren might be best poised to rally the black community. tell me why. >> thank you, alicia. i would start by saying to the question of what vice president biden should consider and wh