u.s. are positive, led by energy, which is up 46%. those energy stocks up nearly 50% on the year. the laggard has been the utility sector, but even then, that basket of stocks is up about 11%. it's been an incredibly strong year even though the last weeks have been marked by significant volatility. now bringing it back to a recent trading session, european stocks are trading higher, following strong gains on wall street yesterday. >> this is something worth watching, especially with the winter olympics months away. a major city in china is under a major lockdown. mainland china has only reported a handful of omicron cases so far, but chinese authorities have instituted a zero tolerance policy about the virus. what's the sense? are they going to extend this lockdown to other cities over there? >> well, it's a great question,