rick lacaille, thank you so much.articularly the discussion on rebalancing, i think is improper it as we stagger into july. a couple of program notes. jes staley coming up from barclays. really looking forward to that. together with the prime minister of the united kingdom. we may stop by and see what the prime minister is speaking of this morning. on thursday, jobs day. francine, there was the fourth of years ago where we declared separateness across the atlantic ocean, and we celebrate that on friday. so larry kudlow on thursday with jon ferro, looking forward to that. early in this july come on thursday. stay with us. this is bloomberg. good morning. ♪ ritika: this is "bloomberg surveillance." huber is seeking to capitalize -- uber is seeking to capitalize on delivery orders during the coronavirus pandemic. the ride-hailing service is in talks to buy post mate. at this same time post mates is exploring going public, according to "the wall street journal polk." $2.6 million. ayal dutch shell is out with slew of bad

coming up, rick lacaille, global chief investment officer.will be talking treasuries and equities. this is bloomberg. ♪ london,: francine from joining us to talk about as always, thanks for giving us your time. what markets are doing, huge unrest in the u.s., a lot going on with the easing of the lockdown and a potential second wave of the virus. there's also a huge job losses across the world. why are equities still up? people have seen the real economic activity has started to grow in some places. there is's patchy but been asked by policymakers to ensure a safety net. could be too much too soon in terms of risk appetite but i think that's what striven higher. -- what has driven higher. i wouldn't expect a sharp correction but we do think markets are ahead of themselves and they are due for a pause, if not a correction of some kind. caseentioned the infection with the second wave, there may remindsthere, the markets the opening growth won't be as smooth straight line. determinationour of doubt how companies can adapt to all this? in investm