Risk-On, Risk-Off Episodes Less Extreme: Lacaille

March 1 (Bloomberg) -- Richard Lacaille, Global CIO at State Street Global Advisors, discusses market sentiment, European banks and the need for a strong IPO market. He speaks on Bloomberg Television's "On The Move."

Apple Only Spends 3.5% of Revenue on R&D
12:09 - Compared with its resources, Apple has remained relatively quiet. It spent just 3.5 percent ($8.1 billion) of its $233 billion in revenue in fiscal 2015 on research and development, a lower percentage than every other large U.S. technology company, data compiled by Bloomberg show. Bloomberg's Mark Milian reports on "Bloomberg Markets." (Source: Bloomberg)
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