Looking for. It is reasonable to expect the fed to kind of be on hold. The front end of the curve is selling up more than the back. The market is saying the fed pause is warranted. It is probably going to remain on pause for a good portion of next year. Jonathan joining me around the table in new york, gershon distenfeld, priya misra, and krishna memani. Priya, lets begin with you. What a payrolls report. Priya a good report, no way to look around it. When we take out the gm numbers, still a solid number. But i have to highlight, caution a little bit. The labor market is a lagging indicator. Is Global Growth for sure bottoming . There are some signs that it may be. Is it about to surge ahead . I am skeptical. We are not getting stimulus out of china, europe. In our view, Global Growth probably muddles around. The trade uncertainty, we are so hung up on this trade deal. I dont know even if we get the phase one deal, which is not guaranteed, the fact that the president threatened tariffs