mark: i am speaking with jay bryson with wells fargo. l the euro area look at the deflation that the europeans predicted back in february? jay: absence some sort of shock, they probably will not be looking at deflation. right now, the overall rate of inflation is zero in the eurozone, and that is largely because of oil prices. when you look at the poor rate zero point 6%, so it is above zero at this point and as long as you do get this cyclical upswing, you will see that start to creep up, but i would emphasize that. creep up. we will be looking at a eurozone that has a very low rate of core inflation i think for the foreseeable future. mark: it has fallen against the dollar since the start of this year. you compare that with unemployment, expected to reach 11% this year, does it seem that the massive ecb stimulus may not be enough? jay: there is no question about extending this. and i guess what i would emphasize is qe, like in the united states, it is no silver bullet. it is not the only thing that turned to united states economy around

. ♪ ♪ mark: from bloomberg world headquarters in new york, this is jay bryson," the intersection -- this the intersection of business and economics with a main street perspective. to our viewers here in the united states and those joining us, we have full coverage of the stocks and stories making headlines on this tuesday. our commodities reporters su keenan tracks crude oil over $60 a barrel. and how the disney theme parks and "frozen"