let's get straight to the market compensation with russ koesterich. yields are higher, the curve steeper, banks are struggling. why? russ: good morning. i think there are a few reasons creating headwinds for the banks. yes, the curve is a bit steeper today, but as we all know, 2's/10's much flatter over the last three or four months, and that is a headwind for banks, particularly smaller regional banks. the cases we will not see a recession, but to state the obvious, we have more and more investors, more and more people talking about it. if you are worried about a recession, banks are not the obvious play. finally, lily the issue that is top of mind for most investors is inflation. if you go back and use history as a playbook, there are other parts of the market -- energy, natural resources -- that have been better hedges than the financials. i think the underperformance of banks, given the yield curve, given inflation, concerns about whether or not the fed slows the economy, it sort of makes sense. tom: we got the first print on the 10 year real yield

shery: russ koesterich, it was really great having you on.counting down to the start of trade in tokyo and seoul. some of the stories we are watching today, samsung's first-quarter earnings are due with their memory chip business in focus. the president-elect's transition team will announce plans to compensate small merchants for losses caused by covid social distancing resurgence. and industry minister will be releasing its monthly data for department and discount store sales. in japan, more details into a probe into -- softbank and its subsidiary are set to be closing in on an agreement to regain control of the chipmaker's china operations and oust its rogue ceo. and they will buy back as much as $1.6 billion worth of its own shares. haidi: we are going to get more on the boj ahead. could be one of the most exciting meetings in recent memory. the yield curve can stroll -- control strategy something to watch. no expect -- watching for forward guidance in terms of any reference to a pullback in stimulus. and of course watching the yen. this i