we should get a debate on whether pluto should get its planet status back.: finally, we will talk about the real issues. we will talk with john turmeric. shouldout how investors navigate these complicated times ahead. this is bloomberg. ♪ caroline: today, we are focused on the surge in covid cases and how investors should prepare their portfolios. seems to have been put on pause. joe: nothing happening today, but big picture, we have seen a fair bit of deepening. in the short-term, there is ,othing too good on the horizon no inflation, anything like that, but over the long term, things are looking better, and the vaccine helps over the long-term. we have seen this steepening. romaine: this inter-trade is going to defend on the economic recovery. joe: joining us to discuss all of this is the author of the chief convexity blog john turmeric. light at the end of the tunnel. how should investors think about these crosswinds? john: it is interesting in the sense that there tends to seem to be this path and the destination. there is likely to be a difficult few we

we want to pluto add all of that up, add all of that up. it was 4 tenths of one percent of the federal tax budget. but if so, how i leave visible, you get people saying, why are we spending money up there when we should be spending money here while we are spending money here, 99.6 percent of all money is getting spent here. so, so again, returning to my earlier point about a wise governance knows what and how to balance things so that you get it all done in the service of all the needs of a nation. so yes, space exploration is expensive compared to the cost of your dinner, but it's not expensive compared to cost of waging war. then there's the, this is more than of an answer than you're bargaining for. then there's the vision that, that brings the next generation. oh, my gosh, we're going to mars i want to be part of that. i want to be an engineer. i want to be a biologist to think about the search for life and all of a sudden you stoke and the stam sealed science technology, engineering and math with the ambition of students in the pipelin

and smart and they want to learn how the sun generates its energy and how, you know how to get to pluto and in so doing, they invent stuff. my physics professor from college was one of the co discovers of a new physics phenomena called nuclear magnetic resonance ok. got the nobel prize for that. well, the clever medical technician said, oh my gosh, that's phenomenon. i can make a cavity, put your body in it, and i can distinguish different atoms in your body in ways that x. rays cannot and thus was developed. that magnetic resonance imaging are arguably the most potent tool in the arsenal of the medical doctor to diagnose the condition of your human body. and that's based on a principle of physics discovered by an astrophysicist who had no interest in medicine to begin with. well, you know, i refer to a series of cause moss, the series after the famous one by col sagan, went dad to millions of people are going to ask you and that started with the persepolis in the, in the run, which i think the jump was supposed to be bombing a week ago, getting the room is, tell me about the new series

element 94 which they named plutonium because it's the next planet out from uranus and neptune as pluto. plutonium 239 or element 94 is extremely stable. innocence remains unchanged for thousands of years. that's what way can be used tod atomic bombs. they discovered plutonium at a critical juncture. before their discoveries scientist about one way to make atomic bomb using ever isotope of uranium called radium at 235. but attracting enough about isotope from the uranium or they knew at the very beginning of world war ii it would be a a difficult process during the manhattan project a huge factory was built and oak ridge, tennessee, and it worked throughout the war to produce exactly the uranium 235 for one von which was the bomb dropped on hiroshima. they couldn't have tested that font even if they wanted to because he didn't have enough uranium to do so. but the discovery of plutonium in 1941 kate scientist two ways to make an atomic bomb. they had shown plutonium was even better substance to make atomic bombs and was uranium 235. as u.s. scientist had two is to make an atomic bomb, t

entre from a discuss the response well these are the in london sort of defense they have paris on pluto i'm ballin. heard from a few senior figures within the e.u. bush notably the prime minister of slovenia of all places yet is has said that he's already called it basically for donald trump and mike pence. his tweet was followed up with one from the chief spokes person of the e.u. commission who said that the democratic process was still underway yet in that there was still chances things could change but we've also heard from munford verba who's one of the most senior peas in the european parliament saying that we should look here in europe towards the united states and if we don't sort out our problems in the e.u. we could end up as divided as america with that's been pretty much the message as well for mayor in germany from one of the country's main tabloid newspapers good look mr president whoever it is on the front page of the build saying that this was the most important 'd vote in the world right now that was going on what we heard from senior figures though here in berlin from

so over the top services like roku or flex or service like pluto, the new streaming service we launchede think as long as we are present where the consumer is, where the viewer s where she is spending her time and we are offering relevant products, relevant connections, relevant information, we have got a very strong path to long term growth. >> but it wasn't that long ago, mike, that you were struggling to grow of the a all again, as you said you have benefitted from a lot of these trends including also by the way people staying home and wanting stuff for their home you have a lot of important brands there but to the point i am asking about i mean a year ago you weren't even growing now you are growing a lot. you seem to think you are growing a lot? >> yeah, i would suggest that the current level of growth is not sustainable forever. clearly there is an accelerated level of activity as folks are buying all things for their home but we see a business that to your point we struggled with slightly down sales a couple percent down as we were making a fairly important evolution from being p