how much did the game changed yesterday, alan ruskin, with disinflation codified in the united statesow whether disinflation was codified, things did certainly change in the fx market. we have been entrenched in this narrow range for most of this year. euro-dollar in particular was seemingly cap that 1.1090. three broke that level it has opened the floodgates and the dollar is on the defensive against all currencies. it has codified a change in the fx market. tom: i looked at a very fancy regression of the blended dxy index back 20 years, and certainly off the great financial event of 2008 i can look for further 8% dollar weakness. do you see that kind of scale to go further with dollar weakness? alan: tom, i do. when you look at these big dollars cycles, you know, historically we used to have six or seven years of uptake, then nine, maybe 10 years of dollar famine, as it were. this cycle got broken up because of coven in particular, and we had a longer uptake -- uptick. 25% down on the index, so we have probably gone maybe a quarter of the way through a particular down cycle. even if

lisa: i love what alan ruskin said.dea that if it happens too quickly and that seems to be what happens. everyone has to reset. at what point people overprice disinflation? an extension of a time when it is expected to do some play -- disinflate. tom: pepsico and the rest i get it. you wonder what the banks will do. this begin our coverage here. lisa has been phenomenal driving out the importance of pepsi-cola, while a number of days ago but it starts for real in 15 minutes -- wells fargo a number of days ago but it starts for real in 15 minutes. joining us a sonali basak. it is a really strange july. grimm is the operative word. wind is the right size and began to get the february rationalization? i'm going to guess rightsizing the labor day is a big thing. sonali: rightsizing must continue as fungus revenues under pressure. if you look at each of the banks , jp morgan along trading revenue supposed to be down $1 billion and you have investment banking also down. if the consumer bankers that are doing better in the sen