. >>> we have a great lineup big call today on interest rate just mike wilson and katie stock t stockton on the charts tilray is a standout winner today following earnings this morning. we'll break down the numbers with the ceo irwin simon coming up first, mike, tracking the market action deirdre bosa with the nasdaq movers berhe that coombs with the highlights of the interview with jamie dimon. mike, broader market lower except for health care. >> yes health care. a big jpmorgan health care conference going on. s&p 500 bent and didn't break. at the lows this morning about 4.9% off the record high that seemed to create a little bit of a dip buying instinct the other level to watch here generally speaking this low 4500 area also the early december low in the s&p 500 right around 4500. one thing traders look back on is if the low of december is broken that could mean a more bearish tape for the year. pressure has been in place on boert stocks and bonds take a look at what that's meant for a typical portfolio. that's what this etf essentially mimics it is not that it's down so much but that

tom keene, that line on winter from mike wilson at morgan stanley. tom: goes across equity markets, fixed income and what we see of the tensions where is winter along and eastern front of eastern europe. we will dovetail all of the politics in with the markets. i would suggest, so important is we are seeing the triangulation of the markets, gold up, dollar up, swiss franc up that is what you know about political tensions. jonathan: 10 year yields down three basis points. the team at morgan stanley and the head of the fed saying slowing growth is overtaking what the fed will or will not do. tom: i really want to see how the recalibration lays out from paul krugman's op-ed. you have elements of the 1947, the divide. it is extraordinary at the recalibration we are going to see this week. jonathan: what the week ahead. at the same time, we have a focus on secretary blinken meeting with the eu foreign minister. this is an important moment. lisa: especially as it seems like russia is getting closer to invading ukraine, at least you could take a message fro

mike wilson of morgan stanley. >> nadine, are you with mike on his call >> in some areas so we have been talking about the russ plus 8, so real estate, utilities, staples, telecom, plus health care that's a great place to be we were there in november. those kinds of places got hurt the first few weeks of january because it was all about the cyclical reflation trade but now we're going back into defensives i don't think the timing can work, though i think a lot of economies around the world, there's going to be a slow in growth of gdp, except for in china. so i think it's more of a second quarter, third quarter story, not a two to three-week story, but in the interim because the technicals and everything sold off, you could see a bump up and then his leg down. so i think the timing might be a little off >> check out our chart of the day. it's stage one of the biggest reversals in the market this afternoon. look at the chart. what do you think of this chart? it's bitcoin rallying back toward $37,000 but that comes after a pretty rough stretch for the crypto market bitcoin extending last we

you want to start with mike wilson on morgan stanley? a new fed forecast brings forward our call for equity valuations and raises the risk. his price target 4400. tom: everybody will recalibrate. there is no question. i will do it in a moment where we recalculate the drawdown. the answer is maybe we are shifting to single digit analysis. lori calvasina sees moderate gains, sheep models out up 6%. i think everybody is ready for the drama of up big, down bait. jonathan: the chief investment strategist at oppenheimer asset management joins us now. good to catch up. a lot of challenges to your year end call. why the optimism? john: the optimism because it is still early in the year. we are right about where we should be with all the nervousness around the variant, the nervousness about the supply chain, when will that be resolved, the nervousness around a shortage of labor. most of this is beginning to be responded in terms of the inflation worry. it is not only the accelerated pace of the tapering of the bond purchases. beyond that the like

mike wilson of morgan stanley emphasizes that. jonathan: mike wilson looking for 4400 year end the s&p. lori calvasina saying this will dictate the rest of this year, the tug-of-war between the strong economy and the headwinds of policy in early 2022. tom: there's no question about that. this is how we make the sausage on bloomberg. i can't spell jon's name right now. how about the wilson-golub divide? we see a huge divide between the bulls and the bears. jonathan: through 5300 at the top end. lisa: lori calvasina said the range is really wide. we admit that. but that is because the market right now is torn between about average economic growth trajectory -- above average economic growth trajectory and the fed being more hawkish than investors think. when does the fed come back into play as a result of market disruption? jonathan: bob michele says it is much lower than you think if you are looking at the equity market. the question you asked in the previous hour i think is an additional one at the moment. four hikes is the base ca

fed hasn't even moved yet. >> eiss, are you a believer in all of this or are you as uninspired as mike wilson appears to be by the price action in the market last week >> well, i'm inspired to trade it so if you recall, i'm sure you do, i sent you a text on friday at 10:17 in the morning 3:17 my time in london, i said i think the market's going to go green today. i said i'm massively long the qs and i stayed long and i'm going to sell those into the close today because i agree with joe it's a massive rebalance so the world's not changed as a matter of fact, i think it's going to be the same pattern that liz mentions where we're going to be trading it so it's a trading market i'm going to keep my core positions, which are companies where i believe that they'll continue to generate cash flow most of them free cash flow in size, and that's where i find value. i also think that you're going to want to own, continue to own as i do, the large cap growth stocks because they've been defensive and they're going to perform. they're cash rich. so it's going to be a volatile market, going to go up and do

mike wilson of morgan stanley saying winter is here. one saying they bearish is overdone. into tomorrow. the federal today meeting starts today and concludes tomorrow. that will be at the front end of the curve. two-year yields of almost five basis points on the session. push back on higher expectation of rate hikes and balance sheet reduction. tense up to basis points to one point 7885 -- 1.7885. -- tens up two basis points to 1.7885. energy aspects, something like 19 in the back half of the year. everybody inching higher to the year-end price targets. tom: you wonder where the low-price oil will capitulate and bring it up. it comes to global demand on the pacific rim. i think it was stunning 90 days ago to see ge announced a three company breakup. far more stunning this morning to see general electric really put meat on the discussion. they have two divisions and two companies. getting it done and including ge aviation and another one titled renewable energy powered and digital, where it is not happening. an industrial analysts -- -- claudia sahm , and analyst joins us n

this quote from morgan stanley's mike wilson over the weekend into a new trading week.e end of secular stagnation and financial regression has arrived but it will not be a smooth ride. in the near term hunkering down for a few more months of winter as slowing growth overtakes the fed as the primary concern." two used to make a market. there is one. tom: winter is here as well and a lot of people arguing about this kind of slow down versus how we came out of world war ii, how we come out of the pandemic. a lot of big new thinking going on. the vix, 32.03. just one market indicator. when in doubt parachute in an optimist. there are number of optimists, and no other optimist as optimistic as neil dutta. the pessimists have gone after him throughout this pandemic. you need a theoretical construct to be in the market, and the way to be in the market was to read neil dutta. he joins us this morning. has your optimism weekend? neil: we have to focus on the fundamentals and ultimately healthy fundamentals can turn the market. for all of the talk on how this is a fed driven slow

>> if you listen to mike wilson, tom lee, what they have talked about over the last month or so is playing out they said you will see volatility earlier in the year and the back half of the market will be fine i've agreed with them. i've agreed in terms of that stuff for a while. the back end of this year, the market will figure it out as it always does which is why i think we end the year higher getting there is going to be really difficult it's going to be difficult over the next couple of months. >> bryan kelly, if the nasdaq 100 doesn't finish the year higher, can the s&p finish higher there will be a hand off in leadership here? >> yeah, i don't think so. i'm not very convicted that the market doesn't end higher either for me it's really about probability. i've always found predictions hard especially when they're about thefuture. i have to think in probability here is how i'm kind of thinking of it. if the fed is actually going to raise four times this year then there's no way the s&p 500, the nasdaq, pick your favorite index, no way that thing ends higher most likely the economy wil

jonathan: mike wilson of morgan stanley said slowing growth is going to take over from fears of whatever the fed might do. that is where they are focused. kailey: winter is here was that had love that note, and it does feel like winter has may become for this equity market. to the point you are speaking to about the signs underneath the surface that maybe we found some kind of a bottom here, michael harden at bank of america was .2 fund flows, 7 billion dollars coming into equity funds. he sees zero signs of capitulation. if it hasn't happened yet, when is it coming? jonathan: have you noticed that every time there is a snowstorm, tk does not come into work? [laughter] lisa: is bentley sometimes gets delayed. jonathan: he's talked about the weather not hurting him, and then we get a bit of snow, and he's off. we love each other. love you, tom. futures down 0.3% on the s&p. on the nasdaq, basically unchanged. in the fx market, euro-dollar negative five straight sessions. just about holding onto 1.11 right now. we are -0.1% there. tens, 1.84% on the 10-year gilts. lisa: i am watching tens

if you believe in that story that grace risks are down the road, and mike wilson of morgan stanley does is what you're looking for in the bond market. lisa: although other people say this mark it has been so heavily influenced by fed policy, it does not act as the same signal it has in the past. ask people about yield curve contraction and you will get 10 different responses if you ask 10 different people. jonathan: lisa, i'm with you. tens right now, 1.7760%. let's get you some single names and say good morning to romaine. romaine: keep an eye on microsoft and ibm, two names prior to yesterday that were really talked about for their defensive properties. we got earnings out of ibm last night, about 6.5% growth on the top line, but the gains the company made in its cloud business provided a lot of optimism that some of these old-line tech companies have supplies. shares lower in the premarket. microsoft one to report earnings after the bell. the shares are down slightly today. they have been doing well prior to yesterday's selloff. this is pretty much a cloud-based company now. more tha

mike wilson of morgan stanley at the low end is really concerned about multiples.hat is not actually a concern a lot of people share. jonathan: to bond market is not much of a concern either. if you are tuned in on tv and radio, futures up 29 on the s&p, advancing around 0.6%. your bond market open was delayed given the closure in china -- in japan, rather, and the u.k.. the united states as well. yields up by a couple of basis points, and that has been the issue for me over the last 12 months. where are tenure yields -- where are tenure yields -- where are 10-year gilts? still in and around 1.50%. kailey: it has confounded a lot of people. what economic data is going to matter to the bond market and to the federal reserve, because we are beating the drum towards the payrolls report on friday, but there has been a clear shift to focusing on inflation and needing to combat that. how much does the labor market data now really matter after that hawkish pivot we saw last month? jonathan: weighing in on that in just a moment will be gene tannuzzo, head of fixed income a

he coalesces all of the morgan stanley view worldwide, from mike wilson over to economics and ellen zentner and the rest of them. what is great is his ma thiness gives you a really interesting opinion. jonathan: great to catch up. why is this year where the index starts to struggle? andrew: great to be with you. i think you have a couple of factors coming together that we think will drive the u.s. index underperformance, and a lot of that goes back to the point lisa made about real yields, that real yields did no rise last year. that was a surprise given how strong the recovery was. we think real yields start to rise this year, and the rise is both more pronounced in the u.s., and the u.s. market is more sensitive to it. we do think u.s. earnings will be relatively strong. we think the u.s. economy will be relatively solid. but the evaluations need to come down like they have come down in a lot of other markets, and we think that leads the u.s. to underperform lisa: this is an important distinction. is the underperformance driven by fed policy, or is it driven by margin compression from the

dani: to your point, mike wilson of morgan stanley has a similar message as we entered 2020. of the key messages for investors is whether they wanted to stay with the relative winners or start bottom fishing the losers. given what you were just talking about, is it time to start going after some of those losers of 2021? lori: i don't know if i would necessarily say the losers of 2021, but i do know that what you want to do in a rising rate environment, when you see the 10 year move up, you tend to see cheap stocks outperform expense of stocks. an area like utilities, for example, is very cheap on a relative forward pe basis, so it made sense to me that doing well -- that that was doing well to in the year -- that that was doing well to end the year. those are areas that i would think, in this early part of the year, things like the undervalued cyclicals should do better than areas like the overvalued tech and growth stocks because markets are still in the process of pricing and higher rates for 2022. alix: which ties this back into omicron get does omicron matter for assets i

you're about to make a policy mistake >> owejoe, i'm looking at a headline from morgan stanley's mike wilson who says what we're witnessing here in the market is winter that winter is finally here remember, he has been calling for a fire or ice or both for many months and he may be a little bit late in his ability to forecast exactly what's going to happen, but it does appear to be heavy snow now falling on the street he says investor attention should now turn away from the fed and to the ice part of our narrative, slowing growth. we've been monitoring pmis and earnings revisions for signs to slow down is bottoming, but it has quite a bit further to go and equity markets are not yet priced for it. how do you view that statement you can take it a couple of ways yes, the pmis today across the board, all three reads were disappointing, but i find it hard to believe that we're still going to be talking about a slowing economy in a month or two despite the fed when we get on the other side of, when we get on the other side of omicron and you get into the strpring a summer, people are going to be

>> so if we listen to my good colleague mike wilson who's looking for a correction in equities for ahile i think the range is 10 to 20% and if at the low end of that range the fed might look through it. remember from the last financial stability report they came to the conclusion equities might be overvalued and if we get a modest correction there i think they might be willing to look through it and they're looking at how quick is the reaction and also is it spread more broadly across financial conditions? are we seeing simultaneously a big credit spread and a sharp kr correction that will get the attention. if it plays out over time as the market and economy realizes they're serious then i think they'll be a little bit more sanguine about it. >> we haven't seen the credit spreads widen too much or the dollar strengthen that much. thank you for joining us. >> thank you for having me. >>> after the break, the first interview in the series of g guests on the state of the consumer today the ceo of domino's pizza. the dow up almost 200 points session highs. you're watching "closing bell"

this from morgan stanley, mike wilson the strategist there, cautious in part because the market is becomingier in terms of projecting profit growth of fewer and fewer companies as a percentage. this is a typical midcycle behavior that's 2004, after the market had a big launch after a recovery from a recession. also, 2015, right in here, late 2015, 2016, it was pretty chronically negative this industrial profits recession, but we still did get a fed interest rate hike for the first time in that cycle in 2015 it's worth watching. i think it's probably a little less of an all boats being lifted type of an earnings story this coming year that's probably what this says, a little more give and take in terms of names to me, it doesn't say just yet that we really have a lot to worry about in terms of the absolute level of profitability. >> that said, mike, what usually matters more to the stock market and its sentiment and direction, the absolute level of price to earnings multiples or the direction of travel for those earnings estimates >> if estimates are not going down in aggregate, the market u

last night, we had a quote from mike wilson saying i don't think anyone felt good after the close. i disagree because i found there's a level where we can buy more we're not buying a single stock for the charitable trust at lows so come in today and buy at the same level that's a fool's game just wait. there's nothing that's going to run away >> do you even want to step in front of what powell might say tomorrow >> i don't mind that jay has a history of being considered he's not trying to save the stock market that's never been the issue. he's just considerate. >> really? he wasn't trying to save the stock market oh, all along >> if you destroy it, you can save it. let's talk to a real business guy. i'm talking about brad hayes a mixed quarter, beating on earnings per share, missing on revenues we acted to find all these things a lot of these are just robo analysis joining us is the chairman and ceo, always appreciate you coming on. i thought it was good. i'm just looking, good backlog and you've got aerospace, commercial aerospace looking pretty darn good >> i think you know i wou

look, we're overweight the finance stocks, mike wilson is great in his stretch of the sleeve what weg is a couple of things to importantly on long growth accelerating and the outlook for interest rates that will feed into bear expectations for the banks >> we have jp, bank of america, citigroup, wells, morgan stanley on the screen there. which one you like the best? >> i don't cover morning stanley since i worked there >> we'll take that off >> good, when i think which one will do best when we're talking about on the day, on the cringe, look, i have to lean towards the more asset-sensitive banks in that group, the most asset sensitive as it relates to the benefits of rising rates is wells fargo. >> wells, fargo. do you think of that as a value play at this point or how do you consider that? is that just off the print we're talking about a stock you think is going to perform, let's say, over the next 12 months is that the same bank? >> so i guess a couple of things first, wells fargo is one of our overweights on a 12-month forward view look, the mane rin reason here because of its sen

and the location in all of this is very close to the location where mike brown was shot by officer darren wilson sparking weeks and weeks of protests in ferguson, missouri. sandra, back to you. >> sandra: mike tobin with the update from there. our prayers with those two police officers. mike, thank you. and we'll continue to get an update on their situation. officers increasingly in the line of fire as crime surges. retired nypd lieutenant cadinally is joining us. another horrific story of two cops shot there in ferguson, missouri. we hope for the absolute best outcome for them. what will be done to bring an end to this? it is every day stories like this, it seems. >> sandra, thanks for having me. and it's going to continue to happen as long as we have politicians who refuse to address the issue that is at hand right now. and that is the rampant assault on police officers. here in new york we've had the bail reform. and it starts way before that. we had governor cuomo in there since 2011 and he made it his mission from 2017 on to the present to appoint people in the parole board that release the

mike gonzalez. >> thank you. ranking member stiff, ranking member wilson and members of the subcommittee. thank you for the opportunity. peace and prosperity in africa benefit the united states. almost half of the world's 34 armed conflict in 2020 were on the african continent. to take away from critical public services, there is a clear trend of conflict being cured by deficient governance. with limited resources permitting the state from delivering the conditions or opportunities people expect. highlights of unemployment exacerbate instability with vulnerability to extremist messaging and recruitment under promise of a better life. more predatory actions like corruption, human rights abuses, with political oppression and inflamed grievances, among groups and against the state. by exploiting rather than serving people government push communities towards conflict. without and isis exploiting these weaknesses igniting those grievances in the battles. exacerbating conflict in parts of africa. russian mercenaries have pure violence, resource exploitation and human rights abuses and central a

wilson's sister telling multiple outlets that it's hard for the family to even comprehend such a tremendous loss and, mikes hour there are currently no lead in this case. they are desperate for the public to help find who is responsible for this senseless killing, mike. mike: another heartbreaking story, charles withoutson, thanks a lot. the spike in violent crime in many major cities is showing no signs of slowing down, this as newly released fox poll shows 81% are extremely or very concerned about higher crime rates in their communities, for more on how crime in big cities is affecting our nation, let's turn to our panel mike, charles, gentlemen, right before inflation rising crime rates are right there issues of extreme concern where people are very concerned about, charles, how should that be addressed? >> well, it's not surprising. i run an organization called urban reform and we look at policies in cities in major metro areas and this is happening all over the country. just last night here in harris county precinct 5, constable charles galloway was killed after apparent traffic stop and killer is st

mike gonzales. >> think you so much. ted deutch, ranking the birth smith, ranking member wilson and members of the subcommittee, thank you for this opportunity to testify on conflict in africa. nissan prosperity in africa benefits the united states. unfortunately, almost half of the world's 34 armed conflicts in 2020 were on the african continent. the loss of life takes resources away from critical services and develop and efforts. while each conflict is different, there is a clear trend of conflict being fueled by inefficient governments. in some cases, weak capacity prevents the state for delivering conditions for opportunities people expect. high rates of unemployment, these lapses exacerbate instability and increase young people's vulnerability to extremist recruitment under the promise of a better life. in less than nine cases, less predatory -- human rights abuses and political oppression inflame grievances and spur conflict both among groups and against the state. by exploiting, rather than serving the people, governments push communities towards conflict. terrorist and extremist organizations such as al qaeda exp

mike gonzalez. >> thank you so much, chair bass. chair deutch, ranking member smith, wilson and members of the subcommittees, thank you for this opportunity to testify on conflict in africa. peace and prosperity in africa directly benefit the united states. unfortunately, however, almost half of the world's 34 armed conflicts in 2020 were on the african continent. beyond the loss of life and livelihoods, conflicts take resources away from humanitarian efforts, while each conflict is different, there is a clear trend of conflict pooled by deficient governance, in some cases, weak capacity prevent the state from delivering the opportunities or conditions people expect. with high rates of unemployment these lapses increase young people's vulnerability to extremist messaging and recruitment under the promise of a better life. in less than nine cases more predatory government action, ethnic favoritism or political oppression inflame grievances and spur on conflict among groups and the state by exploiting rather than serving the people. governments push communities toward conflict

mike gonzales. >> think you so much. ted deutch, ranking the birth smith, ranking member wilson and members of the subcommittee, thank you for this opportunity to testify on conflict in africa. nissan prosperity in africa benefits the united states. unfortunately, almost half of the world's 34 armed conflicts in 2020 were on the african continent. the loss of life takes resources away from critical services and develop and efforts. while each conflict is different, there is a clear trend of conflict being fueled by inefficient governments. in some cases, weak capacity prevents the state for delivering conditions for opportunities people expect. high rates of unemployment, these lapses exacerbate instability and increase young people's vulnerability to extremist recruitment under the promise of a better life. in less than nine cases, less predatory -- human rights abuses and political oppression inflame grievances and spur conflict both among groups and against the state. by exploiting, rather than serving the people, governments push communities towards conflict. terrorist and extremist organizations such as al qaeda exp

wilson, and instead they chose to follow the or oral explication, suburban moorefield. well, the stage is long over. what was your 2nd question with opportunities? the speakers, mike is also a william lew. while we have them all to faceted military and technical ties with our partners and our elijah really have it, our presence in various regions of the world. and it's something that has to do with narrow bilateral relations with various countries and to forest. hulu proceeds on the basis of global stability and precious ones motion closer. when we discuss further steps with our allies by laterally. ah, yes my and now we have reached a fit of 9 will give the floor a to zeus. journalist who are present on line is daily telegraph here with us. good afternoon saying that he did it again. daily telegraph, natalie, i'm assuming you don't miss young as you are now. the topic or ukraine's not joining neater on these was activities in eastern europe have been on the agenda for a long time. and russia has raised these issues. on many occasions, however, russian officials vehicle lease issues with urgent and demand in urgent action right now. highly. why jazz has lease issu

mike o'farrell suggested that players from an african—carribean background were more attracted to rugby and football, and that south asian people sometimes preferred to focus on education rather than cricket. our sports correspondent joe wilsoneports. english cricket's south asian action plan, one initiative the ecb was keen to highlight today in front of a select committee. but when it came to explaining the barriers to diversity in the professional game, the chair of middlesex county cricket club said... the football and rugby world becomes much more attractive to the afro—caribbean community. and in terms of the south asian community there is a moment where we are finding that they do not want necessarily to commit the same time that is necessary to go to the next step because they'd prefer, i am not saying they all do it, they sometimes prefer to go into other educational fields. there was no response in the room. there was immediately on social media. former international ebony rainford—brent chairs the ace foundation to address the declining black cricket participation. she reacted... michael o'farrell apologised for what he described as his lack of clarity. azeem rafiq accepted that apology but with deep concerns. i j

mike randolph. justices kitchens, king, coleman, maxwell, bean, chamber men, itchy and gracious. -- griffiths. [applause] also the court of appeals chief judge donna barnes. judges carlton wilsonenlee westbrooks mcdonnell lawrence mccarty, smith and in finger. [applause] our transportation commissioners carl simmons and king. public service commissioners presley, bailey and maxwell. our statewide elected officials, is lynn here? i do not think lane made it today. i saw secretary of state michael watson's state auditor. commissioner of agriculture gibson. please welcome them as well. [applause] pursuant to section 122 of the mississippi constitution, the governor shall from time to time give the legislature information on the state of the government and recommend for consideration such measures as may be deemed necessary and appropriate. it is now my pleasure to welcome first lady ely reeves and governor tate reeves, senators nicole boyd, david parker, david jordan and a representative's credit up, weathersby and summers. police escort the governor and the first lady for the debt -- to the dais. [applause][applause] >> don't fall. good job. >> [indiscernible] [laughter] >> i ap

mike 0'farrell suggested that players from an african—carribean background were more attracted to rugby and football, and that south asian people sometimes preferred to focus on education rather than cricket. our sports correspondentjoe wilsonwas keen to highlight today in front of a select committee. but when it came to explaining the barriers to diversity in the professional game, the chair of middlesex county cricket club said the football and rugby world becomes much more the football and rugby world becomes much more attractive to the afro—caribbean community. and in terms of the south asian community there is a moment where we are finding that they do not want necessarily to commit the same time that is necessary to go to the next step because they'd prefer, i am not saying they all do it, they sometimes prefer to go into other educational fields. there was no response in the room. there was immediately on social media. former international ebony rainford—brent chairs the ace foundation to address the declining black cricket participation. she reacted... these outdated views are exactly why we are in this position. unfortunately the decision—makers hold onto these myths, ie, that young, black people like football, and

mike 0'farrell suggested to mps that the afro—carribean community were more attracted to rugby and football and south—asian people sometimes preferred to go into education, rather than cricket. our sports correspondentjoe wilsonwhen it came to explaining the barriers to diversity in the professional game, the chair of middlesex county cricket club said this... the football and rugby world becomes much more attractive to the afro—caribbean community. and in terms of the south asian community, there is a moment where we are finding that they do not want, necessarily, to commit the same time that is necessary to go to the next step, because they'd prefer, i'm not always saying they do it, they sometimes prefer to go into other educational fields. former international ebony rainford—brent chairs the the ace foundation to address declining black cricket participation. she reacted... mike 0'farrell apologised for what he described as his lack of clarity. azeem rafiq accepted that apology, but with deep concerns. i just feel like, clearly, the counties and the game are still very much in denial and that's a big worry. for the cricketer who experienced and exposed racism at yorkshire, today's events revealed the long

mike o'farell suggested to mps that the afro—carribean community was more attracted to rugby and football and south—asian people sometimes preferred to go into education, rather than cricket. our sports correspondentjoe wilsontractive to the afro—caribbean community. and in terms of the south asian community, there is a moment where we are finding that they do not want, necessarily, to commit the same time that is necessary to go to the next step, because they'd prefer, i'm not always saying they do it, they sometimes prefer to go into other educational fields. former international ebony rainford—brent chairs the ace foundation to address declining black cricket participation. she reacted. these outdated views are exactly why we are in this position. unfortunately, the decision—makers hold onto these myths, ie. that young black people like football, the asian community only interested in education. mike o'farrell apologised for what he described as his lack of clarity. azeem rafiq accepted that apology, but with deep concerns. i just feel like, clearly, the counties and the game are still very much in denial and that's a big worry. for the cricketer who experienced and exposed racism at yorkshire, today's e