beta was not the only culprit. there was also negative alpha amongst hedge funds. now, on the other hand, sub strategies with lower beta, more training oriented, quantitative, macro, did well and preserved capital. so, you know, when you look at the overall performance in '18 in hedge fund land, there were clearly sub strategies that sub stra tracted and some that helped. on the next page, shows you at the portfolio level. in 2018, on the right-hand side, the tailwinds, so the sub strategies that helped in performance, were residential mortgages, structure credit ebs, multistrategy and quantitative strategies. these strategies tend to have bigger low equity data and even low corporate credit data, so your typical high yield index type of data. on the other hand, the headwinds came from equity long, short, stress. at the fate of the cycle when the fault rates are low, stress managers tend to have a decent amount of equity, which tend to have a high equity beta, and then you have credit. and so as david mentioned, in terms of area focus for 2019 and beyond, it would be to re

being said, this did sell off in the december low, an ipo just before december and on the market just on beta the load. it feels a bit stretched it feels a bit complacent. this is a perfect thing, if one is long only, you trim or take some other measures. that would be my thinking. we >> yes, we compare different ipos sometimes we get concerned, will the companies reach profitability? i don't think yeti faces that problem. i think we all understand essentially it's a pretty simple business model they make a good product it is an expensive product but one people want to buy the real question is whether they can say something during earnings to propel it to sharply go to new highs from here. it is less likely than seeing it basically trade sideways or even a little bit lower >> coming up, industrial giant p m getting crushed off lt earnings report this week. if you lost money on the trade, we'll tell you how to make some of it back >>> plus, have a question for the traders or maybe you want to tell us how much you love us either way you can send us a tweet. if you're lucky, we'll read it later

it sold off at the december low and on beta, 12 to 36, triple off the low. omplacent. this is a perfect thing, if one is long only, you trim or take some other measures. >> yes, we compare different ipos sometimes we get concerned, will the companies reach profitability? i don't think yeti faces that problem. it is a simple business model. it is an expensive product but one people want to buy the real question is whether they can say something during earnings to propel it to sharply go to new highs from here. it is less likely thanasii seeit trade sideways or lowing. >>> 3m getting crushed off the earnings report this week. if you lost money on the trade, we'll tell you how to make some of it back >>> plus, have a question for the traders or maybe you want to tell us how much you love us send us a tweet. if you're lucky, we'll read it later on in the show live at the nasdaq and times square more market action right after this (indistinguishable muttering) that was awful. why are you so good at this? had a coach in high school. really helped me up my game. i h

to music chevrolets on a mentor beta team and a very limited budget. even if friends invest their own money into the project between three hundred to three hundred fifty dollars a month. and i've shown with an audience that two choirs lights video cameras in a room all kinds of instruments you need also. of things even if you had to run did a generator it's not. there are other one expected problems to deal with too one time just after a shed the team was ambushed on the record all day people mentors taught in by main but. always difficulties when you know how to overcome them that makes you stronger . almost gave up. but they couldn't ignore that just to make a difference in the city. let me music is a great we have there are many ways to change our society for the bit to evolution eyes i was society when a new revolution a song comes out. all the young people absorb me its values that's how i know that to music is an important weapon that can bring about real change. in. the team behind z. clues already to use this musical weapon for the good of the

mcdoon mcdonalds is a perfect example it has .4 as the beta and the correlation to the s&p you don't need to take onsure look what mcdonalds is doing providing to a portfolio manager. ting recovers an misstep and gets above 200. >> so if i can, i want to come back we're in qualcomm together i think there's some more specifics that will come out next week, like a dividend increase we don't know how much apple paid to qualcomm we know a payment was made from apple to qualcomm to settle the deal we don't know the size of it i think the dividend increase, if greater than expected, it could some indication how they feel about the balance sheet one specific thing i'moo lking for next week. >>> final trades straight ahead on the halftime report when you look at the critical issues facing our world, what do you see? we see breakthrough medicines getting to patients in record time. we see harnessing natural gas unleashing the promise of clean energy. we see engineers simulating the future to improve today. at emerson, when issues become inspiration, focusing core strengths to create a better world isn't just

meant box b, and so on. 38, betaen or so candidates just seven minutes to complete the two—hour exam. after that bbc investigation, a criminal investigation was launched, and the home office cancelled around 36,000 student visas. labour mps now claim the cancellation or curtailing of many of those visas has "blighted the lives of thousands and thousands who did not actually cheat". let's speak now to fatema, she came to the uk from bangladesh in 2010, finished her law degree in 2014 at the university of london and was detained after she was accused of cheating in the english test which she denies. wahid, also from bangladesh, was shocked when he was accused of cheating in the same test because he can speak english and had already passed a similar test; and we also have stephen timms, the labour mp for east ham. did you cheat? no, i did not. no, obviously not. were you ever in an exam room like that? no, there is no evidence. was there any evidence? no, iwas evidence. was there any evidence? no, i was never in a room

leigh: it depends on the beta you want to take.f you want to be super exposed, you go with something like hub spot. there is a number of them we like a lot that we have liked for two or three years. beta, thet the lower diversification, i think microsoft is where it is at. caroline: we have to look at what is happening with facebook. you are exposed to privacy concerns. you are exposed to legal risks. maybe up to $5 billion when it comes to the ftc investigation. brian, what is your take on the ongoing risk reward when it comes to facebook? brian: that is exactly the right way to think about it from an advertiser perspective. we represent the largest single pool of spending on facebook or any other side of media owners. the issue every advertiser has to consider, especially those who care about their long-term brand health is whether or not getting their money's brand safe. and whether or not there is stained or tarnish and the association of where they spend their money. it is a huge risk. advertisers recognize there is report to

ryan: there is more than one case for the smart beta tool.y have really shown them to be a swiss army knife and have multiple uses. we have seen flows supporting the ethos that the idea of a core portfolio is being redefined. maybe bringing in some smart beta for downside risk. potentially some underperformance. these are really important factors were using when meeting with asset management clients. scarlet: what about active nontransparent funds? funds likely to get sec approval by the end of the year for a new type of etf that does not have to reveal its holdings. what will be the demand for something like this? ryan: i think demand will be relatively high in the early going. we are expecting to see new licensees coming to market. over the past three or four years, we have been fielding a number of questions from a traditional active management clients. there is a lot of interest in better understanding how this may insulate them from front running, how to protect their secret sauce. i think the nice thing about this particular product, it

for killing an israeli soldier leaving his wife to raise their three children one is their nineteen year old daughter betato use or to write in my mother does everything from dealing with construction workers preparing the budget and payments to buying the necessary supplies from the market no one helps us she is doing all of this on her own. the family tries to stay in touch as much as possible somehow says she gets gifts from the most precious being had a younger son. she became pregnant with him through artificial insemination but kadeem especially misses his father. karim often asks his dad why he doesn't visit us i'm tired of visiting my legs hurt he says why don't you come over we have enough room for you to sleep do you keep warm at the prison do you have a blanket and a heater like us or do you get cold like your team more than four thousand other children have fathers in prisons israel collects taxes on behalf of the palestinian authority and since the beginning of the year israel has been withholding their payments from the traffic. and this is at the heart of the current financial crisis faced

we're now in beta on magic the gathering arena and it's continuing to increase in retention and engagement and monetization we were just at pax east in boston a mythic invitation event for magic, a million dollar prize pool in our esports league and seeing players engage with the brand. it's very heartening to see how both tabletop as well as magic arena digital is growing we're getting an array of new players and also getting a lot more in-store players because, remember, magic began as a face-to-face game and the entire ecosystem growing and we'll roll it out around the world and a number of new events and new digital initiatives then an array of suite of other games around magic the gathering, a more casual game for mobile that will come later called valor's reach in test market right now. >> brian, how is it possible that games of my generation, play-doh and monopoly were something like transformers which seems so old are brand new. the numbers are extraordinary. how does this happen >> well, we continue to reinvent, reimagine and reignite these brands and always bringing new stories a

on their smartphones. if you want to play early, you've got to have annan droid. you need to sign up for the closed betasite before may 7th. don't worry, the final game will eventually be made available to devices including iphones. either way this is video of mario kart 8, which has sold nearly 17 million copies since its release in 2017. pretty popular. >> i love that game. >> do you? >> the only game i stand a chance of possibly beating my kids. >> i thought maybe because it's quiet. >> no. >> i like the dancing one. >> we can dance outside today because the weather is so nice. >> yeah. it's going to be great. there will be a wide range in temperatures along the coast. it will be cool and cloudy. inland areas are going to still feel like summer today. a live look outside in dublin as you get ready to head out the door. already a lot of people got an early start. now we are in the low 50s as you get ready to stretch out the door. you do still need a jacket with temperature now in gilroy, 50 degrees. 51 in fairfield and in napa. oakland, palo alto, now at 56 degrees. as you get out the door, maybe head

it's a high beta play on china and we did see some strength in the dax early last week. also a bit of a catchup trade last week, but this morning it looks like investors are taking some profit on those strong moves. i want to also take your attention to the auto sector here you can see behind me a little bit of a mixed picture. we have a few idiosyncratic stories coming through daimlerchrysler will set aside 1 million euros to cover a fine. they're being charged with colluding to hinder the rollout of clean emissions technologies for almost a decade. as you can see there, a little bit of a mixed picture overall bmw shares trading lower to the tune of 56 basis points. a few other idiosyncratic stories as well. jomana, what can you tell us >> the export data is weighing on them this morning fiat will pull up its sleeves with tesla to avoid breaching e.u. rules the agreement will cost phi at hundreds of millions of euros. tesla has made over $1 billion from selling it's missions credit to the u.s. over the last three years. they declined to comment on the report they did sa

the lancia beta behind me, no—one has ever converted one of those to electric.onversaion. bespoke conversion. we are figuring out where batteries go, figuring out how we're going to meet the motor to the gearbox, where does the charger go, how much range can the car physically take. so this morris minor for example, we have kept the gearbox, in fact the entire conversion has been done in such a way that it could be converted back to petrol very easily if the owner so wished. you are getting 100 horsepower and a few hundred... comedian jake yapp's morris traveller is currently in the workshop undergoing conversion. the car itself is 55 years old, but the electric parts have been salvaged from a modern nissan leaf. i bought this car specifically to be electrified. i'd always wanted a morris minor but had kind of grappled with the idea that it is very polluting, if i'm going to buy another car it should probably be an electric car, i get very excited very about getting a snazzy entertainment system satnav unit from the nissen leaf, i want that in there because just

for killing an israeli soldier leaving his wife to raise their three children one is their nineteen year old daughter betato use or to write in my mother does everything from dealing with construction workers preparing the budget and payments to buying the necessary supplies from the market no one helps us she is doing all of this on her or in. the family it's nice to stay in touch as much as possible somehow says she gets gifts from the most precious being had a younger son. she became pregnant with him through artificial insemination but kadeem especially misses his father. karim often asks his dad why he doesn't visit us i'm tired of visiting my legs hurt he says why don't you come over we have enough room for you to sleep do you keep warm at the prison do you have a blanket and heater like us or do you get cold like your team more than four thousand other children have fathers in prisons israel collects taxes on behalf of the palestinian authority and since the beginning of the year israel has been withholding their payments from the traffic. and this is at the heart of the current financial crisis fa

sentence for killing an israeli soldier leaving his wife to raise their three children one is the nineteen year old daughter betato. my mother does everything from dealing with construction workers preparing the budget and payments to buying the necessary supplies from the market no one helps us she is doing all of this on her own. the family tries to stay in touch as much as possible so matter says she gets gifts from the most precious being had a younger son. she became pregnant with him through artificial insemination but kadeem especially misses his father. karim often asks his dad why he doesn't visit us i'm tired of visiting my legs hurt he says why don't you come over we have enough room for you to sleep do you keep warm at the present do you have a blanket and heater like us or do you get cold. like your team more than four thousand other children have fathers in prisons israel collects taxes on behalf of the palestinian authority and since the beginning of the year israel has been withholding their payments from the traffic. and this is at the heart of the current financial crisis faced great palestinia

the lancia beta behind me, no—one has ever converted that to electric.batteries go, how to connect the motor to the gearbox, how much range can make a physical intake. this morris minorfor example, we have the gearbox, in fa ct example, we have the gearbox, in fact the entire —— intake inversion has been done in such a way that it could be converted back to petrol very easily if the owner so wished. you are getting 100 horsepower... comedian jake‘s morris you are getting 100 horsepower... comedianjake‘s morris traveller is currently in the workshop undergoing conversion. the car itself is 55 yea rs conversion. the car itself is 55 years old, but the electric parts have been salvaged from a modern ness leaf. i balk this car specifically to be electrified. ness leaf. i balk this car specifically to be electrifiedlj always specifically to be electrified.” always wanted morris minor but have awaited grappled with the idea that it is polluting, if i wanted to buy another car it should be an electric car, i another car it should be an electric car, lam another

we at the verge also beta tested one of these units and ours broke as well.is incredibly unusual, though, for any product to make it into reviewers' hands and then break so badly across the board. this was a wild one. >> to that point, steve, you just mentioned your engineering chops and the background there, i realize a phone is very different than a self-driving vehicle, are you surprised to see that so many of these phones that are touting this, you know, next generation foldable technology are essentially so flimsy right now when they're going out to media >> yeah, this reinforces an underlying point not to get too flip about it, hardware is extremely hard to bring to market. unlike software problems. you can't just move fast and break things. the iteration cycles are really long. tooling is expensive. and so it's a very different thing to by something like this to market. the additional challenge here you have technology that's relatively new. it's been -- in this foreign factor is a new thing and you have the folding component. so you've stacked multipl

cells such as the alpha cells that make glucogon, trick them into becoming beta cells so the insulin can be produced as well. one of the things that we're doing in that space, use the eyelets for example the cells that make the insulin, putting them on a chip and i brought a copy of one to illustrate for the committee, these eyelet cells are put on this chip, together with cells that replicate the pancreas environment, blood vessels, as well as components of the immune system, and in that, you have in a sense, you can mimic the disease on a chip. what the potential of this is, that we may be able to test therapies in advance and save some of the money and expense and time associated with testing novel technologies in humans, and get those that are likely to fail out of the way. so we really have a lot of enthusiasm about this type of work. >> thank you. my time is up but i look forward to you updating your bold predictions dr. colins. >> you're on. >> we will look forward to the list of bold predictions. doctor, i want to take five minutes here and i've got three questions and maybe we can deal with all of them

you could almost get a 4% yield at chevron or exxon at this point so it depends on if you want that beta or that leverage to the commodity or if you want to be a little bit more defensive. i have a barbell i have atlanta darko, concho, eog, a little bit more beta, and i still have my chevron position and i'm kind of comfortable doing it that way. >> i've got a question from a viewer on a stock that you own david, thanks for the question it's timely. halliburton. what do you do heading into earnings he wants to know if you sell it into earnings or hold out. and weigh it with some of the uncertainty in the oil market. >> i have got into that one as well like so many other ones where the unusual activity got my attention but i bought the stock because i liked the fundamental story. this is one of the biggies we talk about halliburton, and because of that, i like the stock, i think it's relatively inexpensive and i can sell calls against there to bring in some premiums so i'm going to continue to do that so i'm not going to exit out because i'm not worried about earnings >> sarat, you've bee

on the asset side. stope hoping deposit betas going up, certainly on the wholesale side. the other link to that is the volume, or what loan balances are. that is a bit of a wildcard. we are getting loan growth, not very strong, but that should still drive net interest income up. as we are sitting here now, that still leads to income interest growth. it is not going to grow as fast as it had become a but it still should work its way up. lisa: jeff hart, thank you so much. alison williams, thank you so much as well. joining us now, pinewood head of global investment. we are seeing banking stocks lagged behind the s&p 500. there are some signs of diversification. guest: that's right. the banks are typically very cyclical groups. we were coming to a dual policy of, forhe potential china to go too far in slowing down their credit debt, and the fed to go too far in tightening conditions. the markets in the fourth quarter said at the very least, this is going to lead to a short and shallow dip in growth and earnings if they reverse immediately. it could be longer and deeper if t

huge prints in there, lot going on in energy, all different kinds of beta names that are hitting. is is one that's a composite i'm already in these calls and i'll be in these for at least a month or more. >> good stuff, pete. come on back over. futures now is hitting a key commodity that's moving higher that is coming up next on "the halftime report" one-millionth order. millionth order. ♪ there goes our first big order. ♪ 44, 45, 46... how many of these did they order? ooh, that's hot. ♪ you know, we could sell these. nah. ♪ we don't bake. ♪ opportunity. what we deliver by delivering. 529 plan? a 10-k? what's an etf? an ipo? 401(k)? where do i start? empower yourself with the free tools and resources on investor.gov. before you invest, investor.gov. >>> welcome back to "the halftime report," i'm see seema mody copper rallying after stronger than expected growth data. bob, starting with you, copper now at its highest level since july is this all about china or something else >> it's mostly about china the dollar is down marginally, dollar index down 0.4%, actually less than that ri

beta trades have led. she's making an argument for value. good to see you again. >> great to be back. >> one concern is that excessively speck ulative sentiment has been pushing the stock chup which is not the healthiest type of rise. >> we have a positive outlook for the stock market right now but we always want to also pay attention to what kinds of stocks are leading the market up to assess the health of the rally. so we track somethings that are called factors which are quantitative indicators that help us to classify or group different kinds of stocks. what we've seen so far this year is that it's the high beta factors that are the top performing in the market >> not necessarily new by any stretch of the imagination, right? those are the stocks that sort of have led for the last decent period >> 12 years. >> well, if you compare what we saw during the fourth quarter, with what we've seen during the first quarter, that that's quite a change in fact, if you look month to date, that you'll see that actually the low volatility is starting to come back. over time, you'll find that the high b

on the other end you've seen deposit betas lower than expected banks have not raised the costs as thoughtgrowth is good. one of the things you'll see from the banks this week and next is you'll see decent loan growth both the factors should compensate for margins that don't expand as much as anticipated and allow the banks to grow. >> what are your three top choices among the banks on display today? >> today i would say jpmorgan and citi are the standouts today. generally we're constructive on the group. giving your view despite the changing rate and backdrop, we think the backs continue to grow earnings and book value. buy back a lot of stock and continue with positive operating leverage >> jason goldberg, we speesht it >>> ahead on power lunch, is pinterest management too nice for wall street? we'll explain and all the details ahead of disney's investor day tomorrow when power lunch returns. val, vern... i'm off to college and i'm not gonna be around... i'm worried about my parents' retirement. oh, don't worry. voya helps them to and through retirement... ...dealing with today's expense

one of this convention and it was all about the two presidential candidates from the lone star state. >> good morning. i bring you greetings from my hometown of el paso, texas. >> reporter: president a candidate betajoined our sharpton on stage at the national action network convention in new york. o'rourke once criticized for questioning slavery reparations regain the confidence of voters when he was asked if he supported those reparations. >> yes and i appreciate the woman who asked me to say yes or no. >> another 2020 contender from texas announced his stance on the issue. >> we compensate people if we take their property. why wouldn't we compensate people who were considered property? >> voters seemed pleased with the answers of both candidates. >> should be enforced in some way but i don't -- japanese reparation, jewish people had reparation. why not the african-americans? >> it is important. don't know about the central part of the conversation but it is an important issue absolutely. >> also on stage mmxx candidate andrew yang. and former georgia house minority leader stacy abrams. she lost last year's gubernatorial bid but continues to be a rising star in the party. >> take a picture, the

beta etf, the blue line, low vol. up white light is winning, 3.5%. one advisor says another source that could be adding to the beta strategies,matic they could be adding more if volatility stays low. >> thanks, luke. a swiss asset manager with $174 billion in assets, cutting equities to underweight and saying go overweight in cash. they say to expect a negative surprise in corporate earnings, performing to the -- pointing to the msci all country world index, which has been on a tear. right now it is trading 15 times 12 month forward earnings, the highest since late august. they are saying corporate margins will be squeezed and analysts are wayt too bullish. we could be in for a surprise when the earnings season ends. they recommend investors go toward some defensive sectors like health care and utilities, and people should maybe go overweight emerging-market fixed income and even equities. >> thank you for that set up. still with us, david and sarah ponczek, our across asset reporter. david, we were calling this a wait and see market. the volume wasn't t

sentence for killing an israeli soldier leaving his wife to raise their three children one is the nineteen year old daughter betato his or to . my mother does everything from dealing with construction workers preparing the budget and payments to buying the necessary supplies from the market no one helps us she is doing all of this on her or in. the family it's nice to stay in touch as much as possible somehow says she gets gifts from the most precious being had a younger son. she became pregnant with him through artificial insemination but kadeem especially misses his father. karim often asks his dad why he doesn't visit us i'm tired of visiting my legs hurt he says why don't you come over we have enough room for you to sleep do you keep warm at the present do you have a blanket and heater like us or do you get cold. like your team more than four thousand other children have fathers in prisons israel collects taxes on behalf of the palestinian authority and since the beginning of the year israel has been withholding their payments from the traffic. in this is at the heart of the current financial crisis feast pa

into the playoffs as top seeds in the west while on a hines streak of six straight playoff appearances has come to a. sports bullets and lot more like a beta paul thanks very much will see you then last more news of course for you want it on the website al-jazeera dot com that's it for me peter dolby and the news our team here in lawrence is in london she was back in just a moment with a full wrap up of all today's top stories. a three year investigation into the pro-gun lobby we've been employing it was making a lot of really. revealed secret seymour messaging out there that we've all outraged you know. and connection some don't want to expose snaily in legacy media. mass shooting. back next week night al-jazeera investigations how to sell a massacre on al-jazeera. when the news breaks when people need to be heard and the story needs to be told segregation occupation discrimination injustice this is right in the twenty first century with exclusive interviews has honesty fall into the lowest point in its history and in-depth reports al-jazeera has teams on the ground it takes to bring you more award winning documentaries i'm going to holly

alpha brain waves.so ou have different type of brain waves, alpha, beta, delta, gamma, beta but alpha are the ones that your brai wis generatin you are medicating or in a relaxed state and this is a handheld meditation devicent >> which pat are the best candidates for something like this? >> almost everybody could benefit from this to be honest. with y so how many people out there have a hard time falling asleep at night, they we up during the night multiple times, or they're having some anxiety and they get stressed out, this device is truly the most remarkable thing i've in my career. i think medications are amazing. i see tons of success with medication. but when you compare this to any kind of treatment out there, whether it is an alternati treatment and even i would put this up there head to head with medication in terms of effectiveness. it is not good for my busiss. >> righ this is a wake-up call for a lot of people who can't do the usmedication or hasn't worked. >> or don't want to. so i've had seval patients that have come in to see me and ihiagnose them w anxiety or depression and say, l

first two months, risk on, risky aggressive high beta stuff that did really well.ensive that's where you see, by the way, the oih had that run mostly in the first part of that quota. if you look at the laggards, little smattering of more cyclical areas than some financials so the airlines did not have a good quarter that's the jets. gdx, gold miners, not the kind of market, and health providers. so you had some policy noise and some stumbles on the fundamental front in health care services. so that's been the trend now i think the question for today is whether in fact it is time and we're seeing the data in china and here, it is time to stop playing defense and maybe the market will get more cyclical and go on offense again as treasury yields lift, that's the catalyst for it. one day, not even one day, one hour so far. that has been the pattern so far. >> it is reflective of the fact that people got so shaken by what happened in the fourth quarter of last year that the worst december since the great depression that there was still an urge to play defense, even with

on that side of the table. they look at hedge funds for different reasons. some are looking for an asian betare you're are going to get 30% to 40% returns and you can expect that on a regular basis. there are others looking for uncoordinated returns. high single digit with very low volatility. we are kind of putting ourselves in the middle of that. we are looking for pretty reasonable uncorrelated returns kind of in the middle teen ranged but with a relatively single digit volatility. so, our belief and our positioning is really more towards those large international institutional investors or family offices that are looking for uncorrelated returns that are happy with and low returns single-digit volatility. david: deep pockets are not for the faint of heart. so what exactly is the investment to loss strategy buying into? intersectionre an between a multi-manager strategy and a multi-strategy fund. forwe basically are looking portfolio managers that are kind of deploying niche strategies with particular expertise. our current focus is in the region. of course we are considering anybody who h

their holdings are lower by one standard deviation. if you look at the beta funds, this is the h.f.r. index, you can see their exposure right now is just about at a one-year low, and it is decreasing here even as we get that extension of article 50. even though that is occurring, all of the various political outcomes and risks are keeping investors away. but barclays says that even though there is a lot of uncertainty. domestic uniformity stocks may actually outperform. it is partially a factor of how under owned they are, but it may catch up to europe. this is the domestic stocks versus the foots foots -- the ftse 100. usually these are highly core laid, but check out what has happened of late. the domestic stocks start to outperform and catch up. according to barclays that gap will soon close because just the risk of a no-deal brexit has been taken off the table, meaning these u.k. stock are a buy. manus: great analysis there. david bloom is our death host morning. he is the global head of currency strategy at hsbc. can we circle back to brexit? you krzyzew

now which is unique to the environment of the last couple of years it's not a high beta environment. i've been wrong on the exposure to energy so far i'm an oxy i'm going to get out of oxy and go into either chevron or ex exxonmobil given the defensive quality of what the investor wants and the portfolio managers want, chevron, exxonmobil and conoco phillips check all the boxes for you. >> they look at 18% up side, jim. >> i like the call, scott. as you say, 18%. i think, that's kind of on the low side of what you'd be looking for. when you're in these big oil -- >> low >> i think it's low. >> i'm questioning whether -- >> let me put it in perspective. if you think this is a faang name you'll not get those returns from a major integrated oil. not unless oil is going to $100 a barrel just ain't going to happen >> but you clearly have to believe that $61 and change, brent is at $69. >> yeah. >> that oil is going to take another leg higher if chevron has another 18% up side. >> well -- >> one is not going to happen without the other, is it no >> i think what they're saying is looking at west texas interme

look at a sport thank you very much with out with the latest from the formula one but the of mercy this has just won the as a beta and a call ahead of his teammates and defending world champion who is he. didn't hunt and remains a top of the overall standings despite losing all of the individual with the fin and the final laps test coming out on top against the briton for his second win of the season it's also the fourth messi this one too in the four is so far sure i savored sebastian vettel who is the end buckle up. keep talking has run the second fastest masson of all time the kenyan one the london mass and in the course record time was two hours two minutes and thirty eight seconds it took a broke the world record in berling last the aaron is also the reigning olympic math and champion process for time and in pick track champion muhammad finished fifth. kenya as that bridget kosgei one the women's race a twenty five year old is the youngest ever winner of the event setting champion and compact vivian terry out finished second. while leonard has put in one of the most impressive performances of this year's n.b

one of your funds is a very bullish high beta or high volatility stock play.12 million in assets, but what are you seeing in terms of flows? is there a sentiment change that you are seeing develop in the marketplace. >> you know, the funding you mentioned is slt, and it's up over 30% year-to-date. part of it is because it's getting a lift from all these different sectors. for those who believe that the market will continue to run from now until the end of the year, that's a really good bet for those who tend to take a more defensive view and, by the way, defensive means i just want less risk exposure we dial down the risk with another fund that we have. it's lslt. between the two you could really help express your opinion. whether you believe the market will tail off or continue its upward trajectory. >> it's almost the time when we talk about that dreaded cliche in the market. sell in may, go away. we any given where inflation is and given certainly, earnings sht as bad as everyone thought they were going to be, and we had a decent gdp print in q1 it looks mo

on the product. they have started iterating a beta app. looking at ways to maybe deemphasize the followers are the numbers of likes and responsive people have. they want to encourage healthy conversation. that is still in the testing phases. it has been years since he talked about bus initiative, and we still haven't seen the results. emily: i want to ask you about softbank. $100 billion is not enough. talk to us about what is driving this. >> 100 billion dollars is not enough, until you start looking at the pace of deal making. just about two years, they have invested $70 billion in startups like dog walking companies and cancer detection. they don't want to slow down the dealmaking. if that is the case, they need to recapitalize. they are seeking $100 billion. they are looking at a variety of options including asking some of their existing backers to weigh debt repayments, increased capital, and we don't know the timeline. it is possible that a deal could not be struck. emily: where are they going to put this money? >> they want to conti

. >> one of our most interesting ideas are to have a higher beta play on the global economy we're lookingings in terms of what can benefit from a rebound in the global economy because we actually think that we're poised for a second half recovery some of the areas that we like that are poised for that recovery are meerjing markets and industrials. industrial stokts actually have that higher growth that you are talking about, and we think in a low growth environment like this, areas of the market such as industrials and tech stocks will be rewarded however, right now we're concerned about the valuation in tech stocks, though industrials are still trading at a discount to the market. >> you've got some big, big companies and big pharma land that are hitting patent cliff issues like bristol-myers that's why they bought cell gene, for example. we think a lot of those companies will get bought out as effectively outsourced rnd for big pharma can you make money in just about every sector you just have to think about where to look, and emerging markets is a fabulous place to invest right now for

authorities both the president and the newly elected parliament which is and his betas to take place by the end of this year to remain on the europe plan to integration part economically speaking this means ukraine a tiering to the i.m.f. reform road map. regardless the populist rhetorical regardless to pledges of huffing household gas price tariffs this is simply no way that ukraine could deal with its challenges economic challenges by turning its back on that reform passed it's simply not feasible at this stage so from the european perspective to ensure a political stability and economic stability it is important effectively to keep the status quo at worst but at best they're hoping for a candidate who will also deal with the corruption issues indeed and that's certainly something i want to look into a little later in this program including the economy but let's talk about the candidates specifically mr her on we have two veteran candidates a comedian who has no defined policies no experience and yet is very popular what kind of a message does that send and why is that. yes first of all i am now in a very difficult si

the beta for real assets is moderate, but the beta for absolute return is really quite low. and then even onncome generating, the traits here are very different. one is ill liquid, private credit, the other is liquid, and one has a pretty good return and pretty good yield in private credit and public bonds currently have low of both. the bottom part of the matrix helps to explain what the contributions of each asset class are in a total portfolio context. for example, if we only had public equity, we'd probably have good returns, but we'd have a ton of volatility and a periodic catastrophic loss. if we had only private equity, we'd have really good returns, but we couldn't really pay benefits, because that's locked-up capital for a long period of time. and so you see each contribution for each asset class. each asset class has a very important trait in putting together total portfolio management and historic management. okay, we can go on. >> and move on, one minute on page 3, this is the outline of our target policy portfolio, but also the allowable ranges that we monitor and the benchmarks

so was netflix apple is the one in many ways, obviously that's the most interesting and it's the lowest beta2.5 off its high and exactly as dan said, it is an uninterrupted almost unnatural in that sense and there's more downside risk than there is upside potential >> apple doesn't have the kind of fundamental propellant embedded like microsoft did. microsoft surprised us with better acquisitions in the cloud space than we might have expected and that's still a growth business for them it's a growth business for amazon and other people in the sector, but does apple really occupy a growth space? i don't think they do and for that reason i don't think there is a risk and if there is one, there is a big surprise to the upside over the last six year or so the company's business has become fairly predictable the stock has had three 30-plus peak to trough declines and one was in 2012 to '16 and it took about almost a year to get to the trough, but it took two years to make new highs. when you look at that chart right there and you look at how sharply that stock fell and how quickly it's reversed a

one step. aww, you did the laundry! it's got to be tide. you're getting beta-glucan. of oatmeal, that's a soluble fiber that slows the breakdown provides energy that lasts. >>> making news right now at 4:27, so long dixie. cheers erupt as a north based school district votes to change a controversial name. >>> plus, work is already under way to rebuild the notre dame cathedral. the ambitious goal, get it done in five years. >>> san francisco led the fight against single use plastic bags. now it wants to up the ante and you'll pay. good morning. it is wednesday, april 17th. thanks for joining us. >> all right. somebody didn't get the pink and red memo. >> even alexis and she was gone for two days. >> flowers, come on, mike. >> i don't have that instincts. tomorrow i will be dressed differently than today. maybe more appropriately. tomorrow will be the warmest day of the week for a lot of us. >> shorts. >> can i wear shorts? can i? we'll see. a look at what's going on otherwise. i like you being on the show saying i can wear shorts. thanks, dion. >>> it's a little bit cooler this morning. let's look at our high temperatures, mid-

beta pressure to come for them. some of it is explained by the differences of the two banks. vonnie: who may make for a good replacement for tim sloan? that was onehing that came up on the call but not much said. i assume they will do an exhaustive search. certainly people out there. it's interesting, if you look at the bank executives out there today pair to 10 years ago coming out of the crisis, a lot have changed. it's a different route we're looking at. interesting to see who they come up with to put up the top. ultimately, it is the employees down the line that makes things work or not. i think that will stay pretty similar. amanda: so interesting to hear jamie dimon talk about the reasons for the strength of the bank. they sound almost contrary to a lot of the commentary we have her lately, the role u.s. economy, confident business, consumer. that is not the rhetoric we've been hearing. does it feel like that will stick around, those factors will continue to support banks? dimon's100% on jamie side here. if you look at the underlying data, the economy is fine. is growth going to slow some this year compared to last year? probably, but it wi

judiciary chairmen demands to see the unredacted mueller report as democrats in beta impeachment going forward. will get reaction going onl when we come back. ♪ means to fight the hardest battle, which any human being can fight and never stop. does this sound dismal? it isn't. ♪ ♪ it's the most wonderful life on earth. ♪ ♪ it's the most wonderful life on earth. onmillionth order.r. ♪ there goes our first big order. ♪ 44, 45, 46... how many of these did they order? ooh, that's hot. ♪ you know, we could sell these. nah. ♪ we don't bake. ♪ opportunity. what we deliver by delivering. up. up. down. down. ah ah! that's one. up. that's two. down. down. get down, get down. >> a lot a people keep asking about the question of impeachment. we may very well answer that very soon. but right now let's make sure we understand what speed nine was doing, understand what barr was doing, and see the report in an unredacted form and all the underlying documents. >> we need to know whether we do that or more. that energizes their base. >> bret: democrats do have a decision and that is to talk impeachment or not impeachment. elizabeth warren,

on you as well? that is next. plus prosecutor kim foxx let jussie smollett go unpunished beta why will she not get the same leniencyeople who aren't friends with michelle obama? that is next. >> tammy: big tech is spying on you almost all the time. facebook says it expects to be fined almost $5 billion for spying, i guess they shrug. and how they are facing a new investigation in new york for collecting users' email address book. your entire book. tech giants aren't just monitoring their computer, they are also in your living or and even in your car. fox news headlines 24/7 anchor brett larson has more peer >> thank you, this is a bit about a frightening find as we continue to uncover these things of whats about us, from the products we buy to the things we search for, to just how often you change the oil in your car. the average person is creating a breadcrumb trail that links together virtually everything we do, and big companies are making a fortune off of it. and it's not just big tech, either. car manufacturers in detroit are buying and selling your personal information like your location, your driving habits.

on this idea? >> so we came up with the idea maybe two years ago. and then we launched a beta version last year. jimmy: yeah, so basically what it is you can go on it and you go, "hey, here's a song i wrote." >> right. and then you can find someone if you want to do a music video. you'll be able to find people who shoot music videos or someone who has a concept or maybe a piece of art that you want to create an idea around. and you can find all of those people on the app and build within it. and then -- yeah, it's just for people who are starting out who want to create a career. >> jimmy: congratulations on that. "daisie." >> thank you. >> jimmy: it's pretty cool. i think it's a cool thing. [ cheers and applause ] look at you here, buddy. cover of every magazine in the world. i mean -- [ cheers and applause ] not bad. not too shabby, you look gorgeous. >> thank you. >> jimmy: and i was very, very cool because i follow you on instagram. and i saw you post the -- a a photo of on your first day working? >> my first day on "game of thrones." >> jimmy: look at this. look at this little baby. i mean,