mining stocks trading lower today. also seeing weakness in the single currency, down by 0.2%. dollar strength persisting. we also have the story in merkel sith angela political success are stepping down. that is a surprise. we are continuing to watch what is happening with the coronavirus. that makes a significant inroad into what we are talking about. we are joined now by mark haefele, ubs both management global chief investment officer ubs wealth management global chief investment officer. he joins us now. is it a market story? how do you think it will be factored in over the coming quarter? it is a market story based on fear causing a wider reaction in the economy. like everyone else, we are focused on what is the direct impact and how long it is going to last. i think in our analysis, while the number of cases has been rising, the death rate remains someively low, and despite cases breaking out in singapore, certainly a developed market, this remains contained, and ther