next, rebecca patterson of bridgewater. from davos, good morning. >> there is of pervasive fog of negative sentiment out there. >> when every single headline is negative, it's time to buy. >> i still think

patterson whether she's finding opportunities. s&p holds its gains, about half a percent higher sign up for the cnbc fantasy stock draft challenge. scan this code or go to cnbc.c cnbc.com/stockdraftchallenge mark car knee signing up right now. it's free. scan the code. we'll be right back. >>> stocks holding on to gains at the close but it has been a brutal few weeks for the bulls here's what paul tudor jones told cnbc earlier on "squawk box" about the current situation for investors. >> you know, when i own bonds and stocks, you start with that. it's going to be a very, very -- a very negative situation for either one of those asset classes, right you can't think of a worse macro environment than where wore right now. >> joining me now, bridgewater's chief investment strategist, rebecca patterson here at the milken investor conference you want to own stocks and bonds. is that still the case for you >> yeah, it is roughly we're neutral equities we have been looking for higher yields so are bearish bonds. we continue to hold that v

rebecca patterson, just brilliant. lisa: maybe we won't go back to new york. we could work remote. tom: we have much more coming up including a conversation with former secretary of state. john kerry, special presidential envoy for climate for president biden. on radio and television, this is bloomberg. ♪ >> news from around the world. i'm ready could cooped up. the white house is walking back president bidens comments on taiwan. that appeared to break the long-standing u.s. policy of so-called strategic ambiguity. the president said it simply meant provide equipment to taiwan, not send troops. a dozen indo pacific countries will join the u.s. in a sweeping economic initiative. the goal is to counter china's influence in the region. the new framework doesn't include any tariff reductions. the labor parties premised are defeated scott morrison in an election held on saturday. he's promising a reduction of climate change, greater gender equality and improved wage growth. pfizer and biontech say there vaccine was highly effective and prompted a strong immune response in children und

alix: that was rebecca patterson speaking earlier. we are one hour into trading on the u.s. session. it is confusion. asset 100 can't make up its mind. abigail: another unpredictable day. moments ago we had the nasdaq 100 down. now back up in the s&p 500 moving closer to its pre-market. the nasdaq 100 up about 3/10 of 1%. really outperforming banks. the best day in about five days. helping out of course we have rising up about four basis points. the 10 year yield as bond sell off a little bit on this risk on tone. the net interest income, that has all the big banks for 5%. despite the fact that we have this historic backup yield. about 25% here for some. today you can see the rise. maybe this net interest income guidance for jp morgan will help the bank. as we have some of the individual movers. vmware absolute storing up on the news that broadcom may consider a bid. the chipmakers moving into software, vmware vmware is a cloud maker -- a cloud software company. so a real blockbuster and of course vmware is one of those dell companies. as for the market on the day. we force

tom: the economics of bob prince of bridgewater associates come original with rebecca patterson and others. some really interesting talk there about nominal gdp and how it holds into rates. lisa: perhaps it was the goats in the background. al from new jersey road and, they are not goats, they are sheep. -- new jersey road in -- new jersey wrote in, they are not goats, they are sheep. tom: it has become a really interesting and different conversation of europe. we now speak with the prime minister of spain, pedro sanchez joins us this morning. lisa is going to start with the obligatory questions on europe at the moment, t i raine. i want to talk to you about how thunderstruck i was is an uninformed american on this stunning dp pulling -- stunning de-peopleing of spain. the arch american fear is the de-peopling of the planes, the midwest. how do you push against the de -peopling of rural spain? pm sanchez: this is one of our major challenges, and that is why and that is why nr next generation european union funds we are more or less allocating 70 billion euros for the next year's. one of the