penney and nordstrom did petter than expected. cisco did well as well. warren buffett isn't likely to run out of batteries, berkshire hathaway adding buying duracell. that adds to dairy queen, heinz and geico. stocks continue to set records. gas and oil prices continue to plunge, mostly good news. but what if you are looking for income and yield? joining us is rick reider, chief investment officer of fundamental fixed income at blackrock and erin gibbs. thank you both for being here today. rick, you have about $680 billion in assets in under management you oversee. there are so many people are who are looking for glee ing for yi interest rate environment. what do you tell them? >> we live a world of slow global growth and monetary policy around the world so rates are going to stay low for a long time. i think what people are challenged by is wait until you get a higher rate environment. the problem is rates will stay low we think for a long period of time. so you have to be tactical about where you find opportunities. parts of the emerging markets today