liz ann sonders is in our next hour.hen i look at equities and how far they have come, do you have a belief in equities, or you under the desk in cash waiting to form a belief later in 2016? curious waynk in a it comes down to your long-term view on inflation. equities are real asset. they represent a hedge against longer-term inflation. in the short term we are seeing in absence of inflation. when i think of the factors driving that picture, it is driven by supply factors as much as demand factors -- holly energy prices dominating the picture -- falling energy prices dominating the picture. the falling oil price will be positive for the economy over the coming years. tom: is the value in european blue chips -- we ask this in the united states all the time, but it comes down to revenue growth. look at be the growth of european blue chips if nominal gdp is 2% or 3%? you are getting into an interesting area. there is focus on revenue growth, and rightly so. one thing that you could consider is what is more important? reven

liz ann sonders will join us. she is with one see schwab. check here. -15 on futures, -120 on the dow futures. yields come in, as francine entered earlier, on west texas intermediate not threatening 29, but 30.54. the view from new york is a view on new hampshire. stay with bloomberg all day, with a shift from des moines to manchester, as we move to the new hampshire primaries. stay with us. ♪ . . stephanie: is as simple as abc. alphabetparent company made become the world's most valuable company. and behind the doors of the fed. an exclusive interview with stanley fischer. and he is an all-star, whose team is headed for the record books. and he is driving sales and under armour. it's all about the business of being steph curry. ♪ stephanie: welcome to what i'm going to say is going to be quite a big morning on "bloomberg go." i'm stephanie ruhle, david westin is off. as you know this guy had his and him -- did you know this guy had it in him? josh steiner. he has much better house. , formernardelli chrysler ceo and founder of accelerate. an