started growing their own vegetables in the backyard but is this all a bit too much maybe nevertheless nuveen says they are simply going on what their government tells them. the u.k. government has then said they expect up to six months oh. in imports running around fifteen to twenty percent efficiency i think. so we're now increasing because we had underestimated what we might need. one third of all food stuffs enters britain through the port of dover. if britain leaves the e.u. without a deal there could soon because some shakes here along with traffic jams and food shortages the government has asked many companies and supermarkets to stock up on supplies food wholesalers have been stockpiling enough product for about six weeks but there just isn't enough storage capacity for more that's why the man family has decided to stock up themselves. just over five months after greece's final exit from the years of bailout programs it's getting ready to return to the bond markets it sets of issue a five year bond with a maturity date of april twenty twenty four zero greece isn't actually pressed for

but midwife nuveen says they're simply going on what they've heard from their government. the u.k. government has then said they expect up to six months. in imports running on fifteen to twenty percent efficiency i think. so we're now increasing because we had underestimated what we might need with. the man family say they only rely on themselves. others haven't given up the fight yet it's early morning in london and a group of young people are about to get on a campaign bus their organization is called our future our choice just like fifty nine percent of the british population they want a second referendum. there's a lot to do and we're going to look back on this may be is to come and ask ourselves whether we did nothing but i think that the thais really are telling is a real opportunity for us now to really make the case. according to polls some seventy seven percent of britons under the age of twenty four would vote against leaving the e.u. and every day more young people are becoming old enough to vote. the message that these activists are promoting please stand up for our fut

but midwife nuveen says they're simply going on what they've heard from their government. u.k. government has then said they expect up to six months of. in imports running on fifteen to twenty percent efficiency i think. so we're now increasing because we had underestimated what we might need with. the man family say they only rely on themselves. others haven't given up the fight yet it's early morning in london and a group of young people are about to get on a campaign bus their organization is called our future our choice just like fifty nine percent of the british population they want to second referendum. there's a lot to do and we're going to look back on this for years to come and ask ourselves whether we did nothing but i think that the ties really are telling is a real opportunity for us now to really make the case. according to polls some seventy seven percent of britons under the age of twenty four would vote against leaving the e.u. and every day more young people are becoming old enough to vote. the message that these activists are promoting please stand up for our

bob doll, nuveen equity strategist out with his 10 predictions for 2019.get into it with him with those. >>> we're talking shutdown. lara trump is here with us this hour. this is the second hour of "varney & company" and we start right now. ♪ charles: we begin with your money. who better to talk to about that than bob doll, nuveen's chief equity strategist and senior portfolio manager. bob, you focus on fundamentals of the you say they remain solid. if that is the case, are you bullish? >> yeah, i'm constructive. look, we've come 12% in about three weeks. so some of the good news is back in the markets. granted we dug a big hole to begin to climb out of. i think it gets harder for the market from here fundamentally and technically. but i'm constructive on the economy as our predictions outline, charles. charles: we had mixed economic data, right? most of it, the big stuff has been good, job growth strong, wages strong. we had a pretty good philadelphia if you had number yesterday. where does that put us, vis-a-vis headwinds holding us back last year, parti

joining us now from nuveen asset management, bob doll mike is also with us to grade it do you wasn'tt's get the history out of the way, sure. >> what grade are you going to give yourself? >> we don't give ourselves a grade. we get somebody on the outside to do it they giveus 8.5 out of 10. we got more than half right. >> why don't we call out the biggest thing you think you got right and the biggest thing you got wrong. >> the forecast that came true was above 3% gdp a year ago people were talking 2, maybe a little bit better we got a lot of calls. what did we get wrong? we thought stocks would be bonds, which looked greatnd a then poof. that disappeared who would suggest that cash would be the best performer last year. >> let's talk about 2019 what's the biggest concession? >> our biggest certain that seems to have evaporated from the market is inflation is not dead i've got a lot of people who say there is no inflation. tell me why wage rates went from 2.6 to 3.2 in six months that goes like that for another si six months we're going to knock on four and when we knock on four, the

stephanie link, global research director, portfolio manager at nuveen we'll get to you in a second, r.js above that magnate? anyway, let's -- >> that's a great compliment thank you. >> earnings maven. what do you think so far and do we care about the rearview mirror or is it all about the outlook? i'm interested in the outlook of these companies. >> it's very early right now only 16% of the companies have reported looking at about 13.5 times earnings growth, so that's good. about one percentage point better than people thought okay it's the guidance, though, joe, to your point. mixed at best. but the interesting thing is look at the stock reactions. look at the semiconductors and the semicap equipment and the industrial companies last week numbers were actually coming down and the stocks actually exploded higher. and that just speaks to very cheap valuations, very low expectations which is quite the opposite of what we saw this time last year last year we were expensive at 19 times forward and we were expecting great earnings we got okay earnings and the stocks fell. it's quite the oppo