jim lowell. michael, record high for the nasdaq yesterday.are talking a little bit about the chip names and whether they might be at the top here. how do you read the trend line? >> i think you have to look very closely at today's action to anything that changes the story of just a stalled market. yes, you'd like to see semi-conductors build off that merger news. but really not telling you much because from day to day there's really not a lot of a thread being pulled through. >> seems like we've been in a holding pattern for most of the year. i hate to spoil all of the excitement over here. but it is interesting because we're seeing m and a on track for its best year in tech since 2000 and announced m and a this month is supposed to be the best on record. it is incredible to see all of these companies doing deals, trying to consolidate, trying to build scale in a market where profits are hard to come by growth is slowing. and it just seems like that's the activity that we should be talking about. >> steve grasso hello. we were just talking to