lineu look at tariff items, 20 billion dollars here, $20 billion there, $350 billion is auto importsunited states and we are now talking about really meaningful numbers. that is why we have been cautious for cyclical reasons. when you add trade wars on that, that makes us concerned. david: anastasia amoroso of j.p. morgan private bank will stay with us. the 25 richest families, we will have the list. if you listen to the radio, listen to tom keene and jonathan ferro and then pimm fox is on from 9:00 to 10:00. this ism new york, bloomberg. ♪ bloomberg. ♪ emma: this is "bloomberg daybreak." the next hour, senator rob portman, republican from ohio and former u.s. trade representative. this is bloomberg. alix: we turn to wall street beat, we cover three things wall street is talking about. fund managers see a cliff. -- well-known hedge managers and deutsche bank's morale morale booster. employee commitment is back to level seen in 2017 and the biggest family fortune, not mine. bloomberg wealth released to the list of the 25 richest families who control, $1.5 trillion of wealth. david: i