and people underestima t amount of resilience that there is in that sovereign and quasi-sovereign segmentasset class. lisa: mohamed you were talking earlier about tourist investors and high-yield -- what about tourists in the emerging-market, are you concerned the money will come flowing out? mohamed: it is the same phenomenon exactly and if you are a dedicated investor you tend to fade the effect of tourists and you want to have dry powder. at some point it will be shaking out. and if a tourist gets attracted by the pamphlet, the beach, but the minute there is some crisis , they go to the airport, and they forget that part of being in and emerging-market is you tend to have weaker institutions and things happen. so yes, you want to fade on the way up and fade on the way down. jonathan: let's get to the quick fire round. one word answers, mohammed, i want to begin with you. do you want to be long high-yield or long e.m.? mohamed: e.m. jonathan: robert. robert: i would take e.m. jonathan: lisa? lisa: e.m. jonathan: tighter or wider? mohamed: wider. lisa: wider. jonathan: this time next yea

. >> never underestima how lousy this white house is at governing thus far. >>o you're not accusing the administration of competence? >> you said it better and quicker than i could. which is a skill. jared bernstein, evan siegfried, thanks for joining, appreciate it. >>> coming up, this is a whole other story. donald trump's top diplomat saying all options, including military force, now on the table if north korea doesn't back off and denuclearize. the last time the u.s. was on this brink with north korea was back during the clinton presidency. i'll talk to the lead negotiator of the deal that averted what some feared a war with north korea, straight ahead. cowards die many times before their deaths. the valiant taste of death, but once!! uh, excuse me, waiter. i ordered the soup... of course, ma'am. my apologies. c'mon, caesar. let's go. caesar on a caesar salad? surprising. excuse me, pardon me. what's not surprising? how much money matt saved by switching to geico. could i get my parking validated? fifteen minutes could save you fifteen percent or more. de