this comes after three years since leonardo, the founder of luxottica has once again sort of the helm of the management of the group. things are going quite well, and the stock is trading higher this morning. up now at probably one of the best performers luxottica trading higher by 1.6% >> again, great company, but 26.4 is that what we pay for these companies now? >> the rates are on hold when it kicks off a two-day meeting later. investors are looking for clues as to when the central bank will begin taking back its bond holdings with expectations mounting that it could start in september. the dollar inched higher ahead of the meeting boosted by stronger than expected rise in manufacturing and services pmi data >> the market is pricing maybe one hike and then a first. plus, some -- the question is whether basically the fed is likely to do that or not or whether they are going to signal a pass consistent with whether it's in the past >> why is the market so disdainful of the current view from the fed the current from the fed >> the good reason is that probabilities, the feds has alread