Good morning Tim Seymour for your Emerging Money Audio Call Preview. Emerging Markets (EEM, quote) down about 30 bps going into U.S. Open were we see global markets under pressure.

How are we defending our emerging market portfolios in May? One of places that we said in Europe is pulling back nicely today. We will also cover the Chinese (FXI, quote) data out last night and we will look at the Brazil (EWZ, quote) pair trades along with some out right trades in Brazil. Talk to you soon…tune into your account.

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