raj shant from jennison associates is still with us.conflicting things about how the oil price plays into the rest of the market here, particularly some people saying even if we have a lower oil price, they may not give the support to consumers like it has in the past. what is your thinking on the correlation between oil and the rest of the markets? lower oilthink a price is a transfer of wealth from oil producers to oil consumers. and to the extent that helps mitigate some of the harmful impact of the lockdowns, of the pandemic, i think that is useful. but clearly, that is not going to make people travel to work when they are in a city in lockdown. there is a very limited benefit to the oil consuming countries and sectors. more fundamentally, the oil stocks and commodity companies in general, which have suffered badly in this downturn, this hiatus in economic activity around the world, there is a question in my mind whether these companies are offering undifferentiated products, essential commodities that are the same as their rivals,