. -- localwer fluency currencies continue to weaken demand. the statement, the ceo talking the number of active sellers, 1.5 million at the end of the second quarter 21.7 million active wires. the company is having about $1 billion in gross merchandise sales during the first half of the year. .hose numbers we have i will keep looking through the statement and see what else we can get you from it. looks like the shares are falling on that wider loss than estimated. we will try to get you some body movement and an update. joe: thank you. alix: we want to bring in our guest, the chairman of cumberland advisors. one of the agencies defaulting on a bond payment for the first time. with 72t struggling billion dollars worth of debt. it is always a pleasure to have you here. david: it is a pleasure to celebrate a new book on the municipal bond market. this is a shameless plug. the book was launched on july 31 andt the financial crisis puerto rico. never dreaming that the next day puerto rico would would default. joe: we are talking about the bond paym