effect early next year. before we determine who the winners and losers are, it's important to know that this does need approval from legislative bodies before this moving forward. that's where we are in terms of the time line. now, another trade topic i want to bring up for you, u.s./china, we're looking at the december 15th deadline where the u.s. has threatened to impose fresh tariffs on chinese goods. "the wall street journal" saying that we could see a delay on that time line. president trump seems to be undecided on what to do. the market is a little cautious ahead of that day. and it's also a day for markets. we have seen audod saudi aramco to market. they came to markets with shares soar 10% on its debut hitting the upper limit for index over in saudi. and that puts the valuation number at winding road with numerous