A very warm welcome to bloomberg daybreak europe. We are waiting for one of the blockbuster reports. Dfm to come across the tape. No greenspan said there is bubble in stocks, he is right on a few things. Just cut rates and sometimes you end up with bubbles. What we have done is we have taken volatility index and overlaid it with a little bit of extra which is the cost of options to bet on the volatility index and that is right. We talked about subdued volatility for some time. Tape, anna ng the back to the allah told the story. 2. 16d quarter net sales coming through on the bloomberg. At 6 Million Euros. Ompany that has hold the has had to hold itself together. The attentions of industries also came. The Company Seeking to cut costs and they have been transforming themselves into a new a nutritional ingredients company. E will speak to the ceo back to the story on volatility. Vvix which tracks the cost of fix options, that is what is circled in the far righthand side. Vix, wayraded on