joining us right now is kate moore. she is chief equity strategist at blackrock. guest host for the next hour. kate, you still are looking for gains in a lot of these markets. but what are you talking about lower returns for the next five years? >> let's think about this in the time period. we think we're going to have some pretty strong returns from risk assets as we go through this reflationary cycle for the next few years. we think about the five year period there's very likely going to be a section of that with lower returns. >> but you're thinking full speed ahead at least for the moment? >> relatively full speed ahead. one of the things we tell asset allocators is you better really lower your return expectations across asset classes. the starting points where we are today, both in the cycle in terms of the earnings cycle, the business cycle, the economic cycle, as well as the multiples on many different asset classes make it hard to say we're going to return to kind of a high single digit or low double digit trend return streaming. >> i looked at your notes a

. >> kate moore?me too, but good news on the regulatory front for financials as well as a good positioning environment where it's not very overweight. also to note 20% of the market cap in europe is reporting next week. that needs to corroborate our views. >> and just this wee bit of a french election. >> a lot going on next week. don't go anywhere. josh, thank you very much. thanks for watching. "power lunch" starts right now. >> see you in five. i'm melissa lee. president trump getting ready to take aim at taxes and financial regulation. what it means for banks and business. france heads to the polls this weekend. investors are watching very closely. we lay out the various scenarios for the markets. new terrorist attacks, of course. our michelle caruso-cabrera is live on the ground in paris. the retail wreck, macy's is down. the new ceo joins us exclusively to lay out his growth plan. "power lunch" starts right now. >>> and welcome

during us now is kate moore, black rock equities strategist. .harles, let's begin with you the top line takeaway? >> there are two unusual things that we know are going to be in this quarter. theis the right down and servicer rights. they didn't quantify. number and the number were actually good numbers. up 39%vestment banking at $1.2 billion. >> when you talk about capital markets revenues there are three buckets of counterparts. the hedge fund managers, the asset managers and the corporate player. city is really strong with the corporate player. when you look at primary debt underwriting issues in the first quarter it was very strong from january through march. that drives secondary trading. the primary customer, the corporate customer, they did well. alix: a loan of actually 2% year on year to 629. 2%t do you make of the versus jpmorgan with was up 9%. -- which was up 9%? transition still the stage of the business where they are restructuring their businesses so they are trying to build out their cards as well, they are trying to generate stronger mortgage growth. we expect slower an

how about that. >> shemar moore said he is definitely up for more episodes if they ask. kate know about her new boyfriend and surprising diet tips. >> carnitas with sour cream. >> and how country star kelsea ballerini is staying in shape for her upcoming wedding. and -- >> chris pratt's message to body shamers calling him too skinny. >> don't blink, brother, because soon enough daddy will be back. >> . >>> made a new dinosaur? >> probably not a good idea. >> skbrur r"jurassic world" rai than a billion dollars worldwide and paving the way for another sequel. that's good news for chris pratt. bad news, he has to get back in don't sore killing shape. which means a new diet. but chris turned his pain into our video watching pleasure. >> what's my snack nation? you know who you are. and cucumber wrap. that looks gross, but it's not. shashimi. >> chris is hangry. on the set of "jurassic world 2" and trying to drop pounds to look like this again, he has been sharing tips on instagram that he calls what's my snack. yeah, that is so up on a diet too. but is it worth it? chris summed i

courtney's near look-alike friend demi moore, she used her purse to block the paparazzi's flashbulbs. gwyneth paltrow and sarah foster. kate hudson had her own birthday five days ago. we want in on this squad. i want an invite to that party. >>> look who else was partying this weekend. reese witherspoon, rumors are swirling we may get a season two of big little lies. >> we can't believe the response that people loved it so much. we're hoping for maybe a second season. it's about making sure that it's just as good as season one. jennifer hudson went bright yellow and big on the borrowed bling. ♪ diamonds >> i need these in my life. i'm going to work through my life so that i can have these in my life. like every other girl. >> she's definitely worth and since they both won oscars, do they have advice for lady gaga? >> she doesn't need my advice. she has all the right tools and i can't wait to see it. congratulation and up next, we're in vegas with channing tatum as the many of magic mike live strip down. but what does channing tatum's wife find sexiest about him? >>> plus, i'm with the stars of baywatch to host the first-ev

moore. >> earlier she posed in the photo booth with birthday girl general and her famous bffs including question nit paltrow. kate hudson had her own b. day with some of her own crew. >> i want an invite to that party. look who else we caught partying this weekend. reese witherspoon. rumors are swirling we might get a season two of big little lies. >> we can't believe the response that people loved it so much. we're hoping for a second season. it's all about making sure it's just as good as season one. >> reese worked an emerald green sweetheart gown at this event. >> jennifer hudson went bright yellow and big on the bird bling. >> diamonds. i need things in my life. i'll work through my life so i can have these in my life. how about that? >> oh she's definitely worked and since both jennifer and reese won oscars for singing on screen do they have advice for lady ga ga taking on the star is born release. >> she doesn't need my advice. >> we're in vegas with channing tatum as the men of maj jik mike strip down. what does channing's wife find sexiest about him? >> plus i'm with the stars of bay watch to host the sl