extreme levels of over sold >> emerging markets -- >> where do you find value let's bring in rebecca patterson. always great to see you. >> what are you telling clients to do right now? >> stay invested >> we got a little more defensive about a year and a half ago we went from being overweight equities to being neutral. we've used a bar bell approach, so we've been overweight tech for the last few years, that's helped our performance a lot we had some manage volatility. be neutral on the defensive, helps us with the volatile periods like we had the beginning of this year the tech and consumer discretionary has helped us get the returns we need for our clients. >> is it time to be rotating into the stocks. we saw the financials looking nice with a gain in today's session. even though the yield curve got flatter. that makes you think maybe this notion that it's time to go into value is really keeping hold here. >> i mean, value is definitely underloved or completely unloved is a better phrase for it right now. there are probably pockets in there to play in, financials are interesting, i worry th

>> rebecca patterson is a professional line waiter. >> good do meet you. >> officially her title is lineaiting concierge. >> you're going for a real i.d. >> the service comes from yo gov. >> government inefficiency is around for thousands of years and what we are solving. >> they help with waiting in loin. >> book on the we believe site and then assign you a concierge to text you. all friendly. >> they charge $25 an hour. rebecca texted when she arrived and said she -- >> everywhere you go? >> it does. >> you might wonder what type of person wants this? >> they happen to be uber drivers. >> and the hourly pay about the same. rather than driving, you're helping people drive? >> yes. >> help is where she earns the title. face it. the dmv is confusing. >> forgot my passport. the line concierge will remind me? >> exactly. go home. wait in line. get your document. >> predictably, that's what happened. she held my spot. >> here we go. passport. tax form. just in the nick of time. >> not expired? >> just barely. >> issued a number and sent past the waiting people to fill out a form. >> driver's

45% to 60% and today asked the imf for an early release for a $50 billion loan let's bring in rebecca patterson to discuss rebecca, good to have you on this story what do we need to know, what do u.s. equity investors need to know about argentina right now. >> well, i think there isn't a lot of argentina exposure right now. i think the bigger issue here is just emerging markets more broadly. you have a lot of emerging market debt held by western banks. u.s. investors probably have exposure to those western banks and other entities, so it's a second derivative. it's second hand exposure so to speak that could hurt the u.s. i guess the other place it it could hurt the u.s. is trade business cyprus, greece, iceland can have implications just because of it trade links. so that's how i view argentina i worry very much about turkey these days >> go on more about that why is turkey more of a concern for the u.s. than argentina is >> again, it's going to beal secondhand smoking here. it's going to be going through europe the problem isn't so much the economy or the size holdings of bank debts, but i th

. >> thank you very much with the s&p just inches away from an all-time high rebecca patterson will tellou which sectors to buy at 5:00 p.m. eastern time >>> let's get to some of the other big stories today in our rapid recap. >> tribune company has terminated its merger agreement with sinclair broadcasting and also filed a suit against sinclair for breach of contract. >> rite aid and albertsons calling off their merger >> journal today says regulators want to know whether the tesla ceo was being truthful when he tweeted he had secured funding to take the company private. >> from elon's point of view if i were he i would take a vacation because whatever is going on right now in his head i just don't think this is producing any actual value for shareholders >> what's the status here? are you sticking by it >> yes, i am sticking by it. he hasn't lost faith in his fundamental view but he's been bad and bad wrongly in the short-term >> we do not shuttle ban according to political ideology or viewpoint or content, period. >> shares of roku right now up more than 19%. the company reporting an