The 10 year yield has just cracked 50. Twostens spread come as you might imagine, 4 basis points. Altria morris and looking at a merger. Phillip morris owners less pleased. London is andrew sheets, chief cross asset strategist at morgan stanley. Andrew, thanks for joining. Since we last spoke to you, weve had many more headlines, but how have we actually moved the needle on trade talks or any kind of agreement . Andrew im not sure that we have, vonnie. I think we are still unfortunately in the place that we were a week and a month ago where there is still quite a bit of uncertainty. You still have this impending deadline on september 1, with more tariffs that are going to go in, and still conflicting signs over what the path will be. I think the most likely path still being escalation. Directlyts of tariffs on growth and uncertainty, Holding Back Business investment, unfortunately are still there. Vonnie andrew, we just cracked 1. 50 on the 10 year yield. Im curious whether we see some