Years, along with china and others. Alix and today is the start of the fomc meeting, and hes been putting a lot of pressure on them. What are you guys doing for me and my growth . David it is fascinating that hes really accusing them of being a currency manipulator. Alix we have another headline crossing, saying that they a rate cut as a primary tool for stimulus, outlining what draghi said. What is surprising in that headline is that the rate cutting will be the primary one. David particularly because he mentioned Forward Guidance and the asset purchase program. Now the report is that when they do it, they are going to do it through the rate cuts. Alix to me, the question is how much lower do you want to go . You are already at a 40 basis points. How low do you go, and what does that mean for your tltro, the longterm Borrowing Program . David and ultimately, is that going to get them to do percent get them to 2 . They havent gotten close. Alix our other story is facebook, so staying w
percentage point or two. you see that reflected in s&p futures, up about 1% on the day. not much going on in the treasury market. as a lot ofclines folks unwind some of those haven bids. take a look at what is going on yuan, a little bit stronger than that key seven level. pre-much everything rebounding as the sentiment shifts to a slightly more positive tone than what we had just a couple of days ago. exchangefor the global sonali: first we have some news coming in. we have phillips missing estimates, falling $0.04 short of what analysts were looking for. conocophillips here, keeping their dividend steady. shares before market rising a little bit still. we were looking for them to have results better than their peers. all of the oil companies have had a rough quarter. romaine: we are seeing that capex spending coming in pre-much in line with what analysts were much ing in pretty line with what analysts were expecting. some encouraging signs off of what is kind of a bad e