the ftse is down very slightly, one big stock, share price down around 23% bonmarche, had an offerfromome out with a profit warning, share price down 23% on the smaller market in the uk. back to you, sally. laura foll is fund manager of uk income funds atjanus henderson. good morning. from your perspective, what is the biggest story moving markets right now? is itjerome powell? central banks, as normal, the chairman of the us federal reserve, gave a speech yesterday where he said essentially the risk to global growth is increasing, all of the issues you have spoken about, the us trade tensions with china, geopolitical concerns with iran, some fairly weak us payroll data that came out a few weeks ago, all adding to the view the federal reserve is likely to cut interest rates at least 25 basis points, at the next meeting injuly. rates at least 25 basis points, at the next meeting in july. you touched upon geopolitical tensions and iran and the us and of course we on this programme keeping a very close eye on oil prices and they have been rising. they have, a variety of reasons. the reaso