. >>, john ehrlichman, and i am alix steel in for kriti gupta. it feels like a snooze fest, but volume is up. if you dig underneath it, it is interesting. the best sector is consumer discretionary and the worst is materials. that highlights for me the pmi data we got earlier this morning. services are gangbusters ahead of procter & gamble. you will talk about that in a second. they are holding up well, and that is helping the discretionary sector. materials are a different story. manufacturing is over, but it is light over here. what does this mean? a little bit of selling in the front end. yield is up. >> helpful context. going under the hood, the story of topline versus bottom-line, we are exploring during earnings season. you mentioned png. the market is encouraged by the story that is laid out. encouraged on a sales from. for companies that have to watch costs, we've got that word from lift on the reality today. the ceo with a message, and the wall street journal is reporting that the latest layoffs are upward of 36% of the staff, so we will