kate moore, blackrock chief u.s. strategist is optimistic.d since the beginning of the year and especially in tone from policymakers last few part of ourkey constructive view on emerging markets at this point. we are squarely in the cap that rates stay low for longer, even if the fed signals they will move in the second half of that year. december is still on the table for us. but this is about the policyterm path for rates and the invocation it has for the dollar, or not. our expectation is bps of appreciation in the dollar will be much slower -- our expectation is the pace of appreciation in the dollar will be much slower. that will relieve pressure on emerging markets. to allow emerging markets continue to cut rates in their own economies. to inc. about their policy -- to think about their policy differently. jonathan: one of the stories we heard about the yen has been diversification, given how correlated bond markets are in that space. -- he bloomberg correlation 88% were positively correlated. how do you make sure you do not get that po

i think also speaking with kate moor, the chief strategist for black rock for the americas, there iserms of what is happening at a corporate level, yes, multiples are high. last time they were this high business models were different. it's actually not unforeseeable to have a relatively positive view there going forward. emerging markets weekly interesting story so there is an idea that paradoxically you're moving away from the volatility you're seeing in developed markets. we have the u.s. election coming up as well. that is at play. there are clear signs in terms of oil which you talked about earlier in terms of brent going back to bull market territory. that's a tailwind for emerging markets. >> you're saying still that europe is continuing to see outflows in general. >> yes. from an etp perspective, that trend continues. we do see inflows in the corporate space, but i would point in that sense towards a structural trend that is capitalizing on the ecb asset purchase problem from an equity perspective, the trend is clear and not decelerating. >> okay. we have to leave it there. th

kate moore. >> yes. >> fed minutes next week. >> yeah.ch just the retail companies reporting, but also the fed minutes which come out on wednesday. i think it's very important to kind of get a sense for how they're thinking about financial conditions. trade with the dollar is obviously down year-to-date. and also to figure out whether september might be in play. i think this is a critical question for sentiment on the markets. >> we mentioned your new gig. you are, what, the chief equity strategist at blackrock now? >> that's right. >> congratulations. >> thank you. >> between now and the end of the year, how optimistic -- well, i guess we got to go actually. sorry about that. my bad. >> okay. >> power starts now. that's it, wapner, your time is up. welcome everybody to "power lunch." 1:00 here in the east. 10:00 a.m. in the west. i'm brian sullivan. on the menu we are hitting the malls. wall street's number one rated retail analyst will give you some of his favorite retail stocks to own right now. also ahead, the three most interesting s

. >> commissioners deputy city attorney kate stacy commissioner moore you understand the basics that the board of supervisors has adopted this comprehensive framework within the city operates maybe extraordinary circumstances that is different but i think the sponsor as articulated here is a volunteer change to the project so this additional affordability is really part of project and not the same kind of requirements as the code required amounts of affordable housing but that'll they will be included in part of project and the project sponsor has requested that these additional units be part of costa-hawkins agreement and treated like the other affordable units because of the benefits that the additional modifications that are part of this cu permitted allowed the project to be longer than that would have been. >> i appreciate your instructing and clarifying that for us in and of itself speaks to a concession for which we on our own would not have influence over the developers stepping up owe proposing that that being said i could go either way i support an ongoing dialogue with und