ok, bloombergs marty shut her and troy gayeski. thank you. familiar with the matter, the company is thinking about exiting from its businesses in a quarter of the countries that the bank operates in. looking to exit the smaller countries like bermuda and uruguay. they're also looking to expand the asset management group. so potentially moving out of some countries -- they are in 67. the stock is around the lows of the session. this is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. alix: this is "bloomberg daybreak." welcome to your risk off tuesday. s&p off by 40 points. we did have a solid 80 pete lembo report from the u.s., rising 241 thousand. the

various catalysts for investors to digest -- joining us now, troy gayeski, senior manager at skybridge sk capital. you talk about this process of bottoming out for equities. is that what we are looking at here? troy: what we've seen over the past several weeks -- you go back to what caused this correction initially, it was a technical condition. there was the fundamental concern a pirate interest rates coupled with margin compression in the future. that started selling pressure and then the technicals took over. then we started to bottom and then you had the trade war talks which caused another leg down. process --toming you've seen a bottoming process. did we peak back to in january of this year in terms of bull market? the answer is unequivocally note. the cycle should go on until early 2020. we will reach higher highs at some point, likely later this year. scarlet: what led you to believe that earnings will continue? troy: there's been a bit of disappointment in terms of net interest margin/ some of that has to do with a flattening yield curve. loan growth is still not as robust as