feedback on consumer complaints, and post the necessary information about the product, that is, marketce itself will be a regulator on its own platform. in the meantime, he left everything to the supplier and manufacturer, he noted. innovations will make it possible to bring marketplaces closer to offline trading in terms of information disclosure. preparations for signing regulatory documents are already at the finish line. the country will also introduce innovations in the field of consumer lending. a bill to this effect has been submitted to the house of representatives. among the main changes is the obligation of banks and microfinance organizations to inform the applicant before concluding a loan agreement about the excess of the established debt load indicators, that is, security. so that the citizen can make an informed decision. the responsibilities of banks will also include providing citizens located in a difficult life situation, deferment of payment under the contract for a period of at least 3 months. in the draft law, the approach to the procedure for providing microloans i

this is a growth-centri marketc.e tends to be a value centric market in the main and this is the place where capital flows to, particularly in times of uncertainty. when we think about the global political point of view, there's lots of uncertainty. jonathan: it's a unique privilege and i am so pleased you brought up this story because i can only imagine what the fallout in france looks like if those two governors were french. we are talking about governance issues, fiscal sustainability. the treasury markets totally unmoved by. >> we would see treasury yields surging because that's what happened in france, we saw the biggest outflows in many months from french markets as a result of what we have seen over there. how different is the united states politically? how different is it not because of the fiscal policy but because of the privilege on the global stage? jonathan: based on price action, it's very different. julian emanuel of evercore is going to stay with us. nike getting absolutely hammered in the premarket,