joining us now from copenhagen is the novo nordisk ceo, lars sorensen. great to have you with us. i've got to start by talking about foreign exchange. people that watch the fx market we've seen denmark struggling to keep that peg with the euro. how important is that for you? >> it is, of course, important. you can say, the economic outlook in europe is weakening the euro. the surplus of liquidity. if we can be pegged to that euro, it benefits our competitiveness especially our overseas markets like the u.s. our biggest growth engine. we are benefiting from the paid to the euro. we hope that our central bank can keep up. >> lars, i look at the experience of swiss exporters and what happened to the swiss franc. what would it mean if the danish central bank couldn't maintain that? we've seen three rate cuts in 10 days. what affects exchange rate are you assuming for the rest of the year? >> in the currency racket right now, danish krone-u.s. dollars any move like we've seen with switzerland would be not very advantageous. we would have to adjust our outlook

novo-nordisk? these are names highly dependent on global economies and health of them. we know europe is little touch-and-go. this is lottery list of european names. why these names right now. >> i think a lot of brand name companies have a lot of opportunity in front of them. nestle particularly because of oil prices declining. liz: let me interrupt you. we do have alcoa numbers. we're waiting for them. we'll get back to you in a moment. cheryl casone with alcoa. >> we do. stock is moving higher 2% in after-hours trading. no longer a dow component as you mentioned but the aluminum producer beating on both sides. estimate at 29 cents. came in 33 cents per share. 6.4 billion was revenue estimate but both on both sides. aluminum production is higher versus last year. they're doubling jet engine coating technology capacity at michigan facility. means expanding in the u.s. and michigan economy and jobs. inventories were actually lower. that you can say a positive. building and construction market sim proving from 2014 and they do believe that sales growth, this is important