thanks to dan porter for joining us this morning, former ceo of omgpop. was fun. >> thanks. >> we'll have you back again soon, dan. good to see you. as we're watching losses accelerate here in the u.s. markets, we want to bring in simon hobbs across the pond just moments before that close. hey, simon. >> okay. so negative territory in europe. possibly iraq is weighing. if you took a weighted average, it's down about 0.4%. it's the second day that we've had declined there. some of the weaker banks also affected by comments in a german newspaper from a member of the ecb saying that the stress test may actually be too tough as people try to outdo what's happening in the united states. as we play through the week, the euro will be key for many people. just stuck above $1.35 in the wake of the ecb action which is more or less where it was on the lows in february. the big question, will you get a sizeable break below, or are you basically still range bound? that's critical for a lot of people in the asset markets as to how they think other elements will react.