Good morning and welcome to Worldwide Exchange here on cnbc. Buckle up it looks like were in for another wild market ride today. China once again the big story overnight. Lets catch you up on what happened. Stocks there dropping more than 3 in early trading and then the central bank stepped in. Reports that state controlled funds bought stocks and that the peoples bank of china pouring about 20 billion into the money markets. That was the largest cash injection since september. Also they were likely using state banks to prop up the currency. After all of that they ended flattish to lower but not a huge boost. Not at all and they were saying it would further restrict sales and that set up after he was discussing. This is what kicked in yesterday. Exactly. He was highlighting that these big moves are par for the course in china and by putting the Circuit Breaker there it stops the ability for it to rally back later in trade because if you cut the trade off there and it doesnt get that in