we were very much focused on the nonfarm payroll numbers. also a lot of focus on the very strong wage numbers as well. all of this led the investment community to reassess the expectation that fed may have to slow down with the rate hikes. not a good thing for stock markets if they press on with the interest rate hikes. as for today, the focus is shifting to ism services dwrat that comes out later today. later on the week, we ll be watching out for initial jobless claims and consumer confidence numbers. again, i think the big focus for the investment community is going to be on that next fed meeting in a week s time. john? so a lot of news right now about oil. opec and theal highs including russia are not changing their targets for shipping oil to the global economy amid new western sanctions against the kremlin. we also have a new enforcement here, the u.s. and europe, about price caps for russian oil. so what is this going to mean