to take us through the fixed income reaction is denise simon, emerging markets debt manager at lazard. also with us is brian chappatta. thank you so much for joining us. let me start with you, brian. give us a taste of what happened in the treasury markets. we went from yields up -- yield down to yields up. was a wild morning. the ecb kick things off, everybody thought draghi was bringing out the bazooka, yields fell, but then people digested it, saw there were issuer limits, limits to what the ecb could do, at least now, and yields backed off. lowsn bonds went from the to the highs, 14 basis point move. that carried the treasury market in addition to all of the questions about whether there would be a u.s.-china trump deal. this,: denise, a piece of obviously a knock on effect in the emerging markets, growing concern of downgrades or some of those countries, as u.s. dollar strength continues to wait. the ecb taking out more of its arsenal, keeping the dollar standing strong. what effect will it have on e.m.? term,: in the near financial conditions are the most important, and they hav

financial services companies some that you know well, like , lazard or kkr.he are some sectors of the market that just seem to be totally neglected, even as the markets recovered. david: let's talk about the economy. the united states economy was in a recession that ended june of 2009. and so now, for about 10 years, we have been in a growth cycle. it is one of the longest in our country's history. therefore, there haven't been a lot of depressed stock prices for this period of time. so are you kind of hoping that at some point there is a recession, so we can get lower stock prices, so you can buy more things at value prices? john: we like to buy bargains. we like seeing sectors that are cheap, but we don't want to see a recession. all of the turmoil that happens, the impact on our society and our citizens, you know recession is not great for america. david: so let's suppose i say i watched you, and you are a good value investor. i will give you some money. what kind of rate of return can i expect from your products? john: you know, over the 36 years, we have

i had a chance to hear from leon lazard yesterday, one of those survivors, to describe the moments howrvived when dorian struck. take a listen. you're on the roof, grabbing your brother. and then debris does this. >> does this to me. and i didn't let him go because if i let him go he would have gone in the wind with the surge. >> reporter: washed away. >> i watched my friends die in front of me. >> reporter: we hear those stories far too often. the minister of health here in the bahamas telling me there are not hundreds but thousands that are still unaccounted for on both grand bahama and abaco island. steph? >> morgan chesky, thank you so much. ali velshi as well. coming up, how will democrats argue with today's jobs report and why you should care. this fall, book two, separate qualifying stays at choicehotels.com... ...and earn a free night. because when your business is rewarding yourself, our business is you. book direct at choicehotels.com my hands are everything to me. but i was diagnosed with dupuytren's contracture. and it got to the point where things i took for granted got to

. >> so skelly is working at the investment bank lazard and his job basically is to go out and find interesting projects to fund. although he seems to be getting a little itchy and a little looking around and saying what's my next development project so i wouldn't be surprised if he jumps back in. what's next for me? pg and e. a big utility and a big story and we're coming back on wildfire season in california and hopefully i think for everyone's sake, everyone hopes there's not another major wildfire like we saw last year. i'm interested to see whether pg and e shuts down large portions of the western california grid which they say they're going to a week at a time to prevent wildfires because so far the story has been kind of a regional story in san francisco if it loses power for a week that will become a national story pretty quickly . >> sounds like you should write a book about that. >> maybe. >> i wanted to saythank you to russell and everybody for joining us today . [applause] >> or anyone interested in russell's book you can buy a copy of superpower at our register. if you want to get