kees van dijkhuizen, thank you very much for joining us this morning.th korea is now down over 1%. fire and fury has not squashed the market. >> let me talk a little bit about that. aluminum remains strongly bid again overnight. a big session overnight in your seeing that again today. let's talk about equities. nikkei down overnight. japan at the forefront of the story when it comes to north korea. the south korean won is trading down by about .5%. the idea that these moves are not very big needs to be taken with a little bit of caution. let's talk about the context of the last month. volatility continues to be crushed. we're seeing smaller and smaller moves on a daily basis and that's becoming the norm. five years ago, you would've seen markets moving by 1% or 2%. you are not seeing that. volatility is the story. s&p move today by .5%, that's a huge move relative to what we have seen of late. vix futures is at a record right now. the market is incredibly short and that's something you really need to pay attention to. you get a move here and that will s