still with me, henry peabody, matt toms, and lori heinel. e we so calm about the italian election? lori: i think we have just become numb to things that go -- that happen in the continent. realistically there are not a lot of great choices there, and we think it will be status quote prevails, but not without a lot of drama. jonathan: henry? henry: we are at a point in time where europe is starting to call us around the idea of a multistate situation, which gives us a sanguine view of it, and lori's point, probably the same, it seems like extremists are not going to take too much of a chunk in that election. jonathan: matt? matt: i think part of it is crowded out by noise from the u.s. political framework. some fireworks, and compared to italian politics, we win. i think the markets have grown numb to these things figure in itself out. if you look at teresa's mate -- theresa may's speech today, it says nothing about brexit, so it is unlikely to see major change, but the ecb dialogue later this year is likely important. jonathan: i am struck by