tom: carl weinberg, thank you so much. a spectacular relative strength index chart you will want to see later in the hour. coming up later today, a timely conversation, two democrats, one from massachusetts, senator warren, and mark warner of virginia. he is an interesting guy, tech savvy. with kevin cirilli, later today. this is bloomberg. ♪ ♪ tom: good morning, everyone. francine lacqua in london. i am tom keene in new york. the chinese -- chinese officials suggesting the margin china will buy less u.s. securities and that brings price down, yield up. in the last few minutes. carl weinberg with us in london, but right now, jenna. this is a spectacular -- chart. beforeo -- back to 1900 world war i and its an extraordinary chart of the panic before -- the depression, the gloom. where we are now is absolutely unprecedented, back to 1904. how did we get to unprecedented? jonathan: there are so many different stats you can point to of things that just haven't happened before, so therefore you get a market that's extremely ove