Just a little bit of selling often treasuries. Crude oil is strong today, above 60 a barrel, giving a boost to some of the Oil Producers as well. In europe, we did get some disappointing ism data, but that is not doing anything to hold back markets. Stockocks euro 600 the euro 600e stoxx up. Sterling is off of its high, which was above 1. 35, after the election results. 1. 3334. The renminbi at 6. 9 nine today. Lets get to the latest on the geopolitical and mark laid implications of the phase i trade deal between the u. S. And china. Joining us is tom orlik, chief for bloomberg academics bloomberg economics. Tom i think there is a tangible sense of relief that a phase i deal is going to get over the line, and that those december tariffs are not going to go into effect. The rollback of some existing tariffs is an additional positive. At the same time, we dont have to go very far back in history to osaka over the summer or on a series or but osiris or buenos aries to remember what trade