kriti: four tcw in particular, why is it pivotal time? we mentioned david lipman said he would be stepping down but you have one of his top bond managers saying he would step down, so you have a change in talent, a lot of new executives at the firm and assets, while it is $220 billion, it's one of the largest mutual funds, certainly in the fixed income world. but assets are down just a bit from their peak. she will be looking to grow assets once again. she ran a $300 billion equity portfolio and then some at goldman sachs, so her growing tcw will be an interesting time ahead. john: speaking of goldman, this is not the only big news we are hearing. there top recruiter is also on the move. sonali: there were two announced archers. one only joined about three years ago and was part of the firm's management team. goldman is not alone in the musical chairs we are seeing. there still a lot of movement on wall street when it comes to jobs and it's interesting to see it happen at the highest level of the firm still. so it will be interesting. thi

from giant tt govern the -- tcw, the next ceo. david -- was leading tcw at the end of the year.anding pay hikes to offset --. that is your latest business flash. guy? guy: thank you very much. let's get back to the story about the u.k.. >> my fellow conservatives, it is time for all of us to get behind liz truss and her team and deliver for the people of this country. that is what the people of this country want, that is what they need, and that is what they deserve. guy: bloomberg's linzie burton is outside downey street in the rain, lizzie, that was boris johnson outgoing. we are about to get liz truss incoming. what did she have to say? lizz boris johnson's -- lizzy: boris johnson speech, he made a reference. the raymond general who was very successful, made a comeback and then returned his power. that is something boris johnson was aware of. he adds to his comments, if you remember, he said i still of easter baby. he also had some words they asked of him of his speech. it was more their fault that he was seen on downey street then what made his position super hard. alix: wha

and diane jaffey at tcw. elise, let's start with the inflation outlook. you say we are on cruise control for a while in ways of tighter monetary policy and stronger dollar what does that lead you to conclude for investors >> going forward, we're continuing to recommend investors focus on portfolio positioning. this means adding buffers with core bonds and preparing for volatility and adding hedges or using derivatives to take advantage of the volatility and get more favorable profiles as we continue to weigh through the period of volatility >> ride it either way? the wave >> sure thing. you know, i think we're going to learn a lot coming from the fed meeting next yweek and we get a break in october until the fed meeting in november. then the market will swing on every data point particularly with ninflation. we have to be prepared for positive responses or potentially more negative responses like what we saw on tuesday after the release of cpi. >> diadiane, you were thinking is a bear market, but there is one area that is really poised to bounce. that is