Manufacturing slowed more than anticipated. Lowest inields are more than a year. That boosts the case of the ecb to simulate the economy. The huge deal, the press conference history making. And potentially taking rates effectively into negative territory. It is real simple. When mario draghi stared down german bund to spec Economic Data in the u. S. , this is what we have. Pmi,arketing manufacturing we found a little bit of acceleration in china. Slowing in europe. We will find out what we did. At 10 00, ims construction spending. President note the , his european trip will culminate friday at the 70th dday anniversary in normandy. Commodities once again slipping higher on friday. S p500 continues on track, 2. 50. On to our next screen, the volume really shows at all. 11. 40. There is the dow. Michael holland will join us. Shows stronger on the yen. Adam. S not the vix, up we go crisis. This is the quiet in the Foreign Exchange market. Volatilitynk, fx index. Absolutely stunning chart.