fafblg, some of the more beat, xilynx was a beat.e's the real take away, tech, tech, tech, technology is dock well, microsoft, intel, apple, yet the cyclical part of the sector not doing well. these are very bad reactions to earnings and some of the more beats. now, by contra distinction, stock that have acted well, there is no fee. it's idiocratic. it has nothing to do with steel dynamics. it has nothing to do with burrito's. it's a cyclical tech story for the losers at the worst end of the reaction. >> stacy, i'm surious, if you own let's say some of these stocks and are using an index as a head. does that still work in the stock pecker's market? >> it depends on what the index is, right now the s&p 500, the correlation, the realize iized correlation is decades low. if you want to buy a put on the s&p 500 because you believe it has exposure, it's probably not working well, this is where the individual stories are more important than they have been. >> let's talk individual trade, you are looking at the consumer discretionary fame.

now we will be supplying our refinery with a significant amount of domestic crude and, fafblg, we gotessel to be able to supply our refinery from the texas gulf coast to trainer, pennsylvania. and over the long term, if you look even in our head from and what we have done to jet cracks if pad one of the new york harbor, it's been a significant upside to our earnings and there is even more upside as we begin to supply close to 100% of our refinery with crude at prices well below brent delivery. >> no plans of frack, though, at delta, at this point, richard? you are not doing fracking? any plans to -- >> well, we don't, at one team we thought about whether we could buy an oil company. we to the the refinery was the better play because the biggest issue and the biggest expense is crack spreads. >> yeah. >> what we have been able do is, we have been able to crack crack spreads. >> richard, good morning, it's carly fiorina. congratulation on a great report around i'm a big fan of your airline and a particular big fan of your customer service and how much it's improved over the last several