thank you for injoing us. >> thanks for having me. >>> europe closed about 40 seconds ago.ome disappointments in europe. markets v markets have a negativewe have a couple losses, just getting flatter. the institution investor survey deeply disappointing for many. plunging to effectively a low. we'll see if the polling started at the beginning of july, the improvement in the markets means perhaps it's not such an issue going forward. remember there's a big ballots between the italians that want to rescue the banks and the rest of the union that say if you do that, you have to bail in the creditors, make some of the small investors take losses. the european union of justice suggested that the bail-in requirement is legal and you're not allowed state aid until single marbles rules. i think the market has also focused on the caveat that the bail-in is not a necessary precondition. >>> airlines have been fairly active. for wen air france and lufthansa, i perhaps british air was because it's on cost-based sterling and ryanair, which they say tends to pick up in a downturn anyway,