market says we're going to need the fed then and-- >> so if you have a deal, if you have a deal, there's less reason for the fed to cut rates and let's go back to what the market really wants and get a deal and we've been waiting for that and the flip side means the fed deal would have less reason to. >> i think the market has a checklist. one of the markets they have with the fed. they're going to be patient and caution and if we have that it's later down the line. >> no, the fed wants to see what's going to happen with china and that's the first issue, the president checked off a lot of things that were worrying investors. umca seemed like on track there, and mexico and the potential tariffs that could hinder those negotiations and china was the outliar and we were getting signs that progress was being made and he has been master negotiator, holding the huawei card and saying we're not going