joining us now is did nice simon, lazard asset management simon, lazard asset management, and still with sebastien page of t. rowe price. can the pboc still support the data? can stillrtainly they cut reserve requirements, but i don't think they are going to do all out stimulus. david: not a surprise, necessarily, but not welcome news. china has driven so much global growth. we are seeing central banks around the world see the need to stimulate at this point. denise: i think that is providing an offset to the growth we are seeing, but eventually we will need to see that stimulus stabilize. alix: so do you like china specifically here? , in this mean, i like kind of environment where growth is slow and the risks continue to be to the downside, i think you want to be in emerging-market assets that have a fixed income component, u.s. dollar ig credit, both on the .overeign and corporate side some duration looks attractive, and some idiosyncratic stories that aren't correlated to the global picture. david: what about china debt specifically? denise: with the slowing economy, interest rates c

lazard work equal success. everyone has equal opportunities in life. sure. dollar is the preserve of the elite. and a facet on to the next generation. can we ever put a stop to getting quality. made in germany clements double claim. look closely. listen carefully. don't look they're simply trying to do good plain old. pledges come from the old. legislature. subscribe to the domain documentary to. 15 years since the moon landing place deep was the 1st man to walk on the moon. as a small boy she dreamed of the stars. as a pilot she flew anything no matter to interests. church or coated up. as an astronaut she took part in the greatest adventure in history. a legend or simply a human being who was neil armstrong. was his destiny starts july 20th on t.w. . the. democrats in the u.s. house of representatives have passed a $4500000000.00 funding package aimed at easing conditions for migrant families detained at the us mexico border president trump has threatened to veto the bill it comes as images emerged of the bodies of a father and daughter who drowned trying

lazard us now is the management cohead of asset management.n the past hour, we saw two biggest rating agencies downgrade mexico. moody's investors service shifting their outlook to negative. how big of a blow is this for mexico's fiscal position? i think this recent announcement on potential tariff s certainly was a surprise, and comes at a bad time for mexico, in that growth has been downgraded from 2% earlier in the year to now 1.3%. i think it gives mexico less space on the physical side. they will have to continue to cut, which is a challenge. on monetary policy, with inflation expected to emerge in the target zone toward the end of the year, and the fed on hold and possibly cutting, it does give the central banks some room to possibly ease, to smooth out these challenges. the broader issue -- denise: i think the good news -- shery: go on. denise: i was going to say, i think the reaction from the mexican president has been very conciliatory. he understands the immigration issues, and as we have seen, he wants to negotiate. it is not clear

. >> you could take it up a notch and go to the fountain at lazard to cesar chavez in san jose. it's filtered. you could skip the water altogether and go straight for the alcohol. these friends are celebrating jonathan birthday and yes they are pedaling in the seat. oh to be 24 years old again. e's ener in but to cool off like a boss there is really only one option, the high in santa cruz was 10 degrees lower than in the valley in the breeze coming off the water was even cooler still. at times it was awkward and a struggle but thousands of families made it. that temperature difference is it worth it to come all the way up here? >> oh definitely. we live in livermore and yes that heat all of a sudden it's like you know it is just too hot to play outside but the kids love it out here so we just had to the beach. gimmick what is it like to be here nice and cool when you know that everybody else is making in the bay area? >> sorry not sorry. you know where the beaches that. >> here's the thing about beating the heat, it's a long summer. you are going to win and you're going to lose.