we begin with talking about opec opec's problem is that most of those countries in opec cannot afford to sell their oil for less than about let's i'll give you a number eighty to ninety ninety five dollars a barrel if they don't get ninety five dollars a barrel for the oil that they're exporting their countries run national deficits they're there they're in there they're in the red yeah it's an interesting point i want you to hold that thought i will show our viewers a chart of that when we get back so i want to talk a little about the politics behind those oil various environmental when we get back and also nuclear and not more natural gas and all these other alternatives so this is fire and king a gore financials oil and energy expert and we'll be back in a few minutes with him also still ahead we talk a lot about gold and silver on this show but what about industrial metals like copper well we'll have more firing pin on it after the break but first your closing market numbers. well going through the. science technology innovation all the latest developments from around russia we've

does that threaten to marginalize opec?dication we have is that output in america is going to increase from nonconventional sources. but there is no need f-- it's nt that opec will be a marginal supplier. it's that more countries will be participating. >> maybe not participating in opec itself. thank you for your time. back to you. >> thank you for that. by the way, you doing a little waltz later or try out some of the pastries? >> i have tried the pastries. i love the coffee. it's a milange, it's a latte, delicious, some croissants and chocolate wafers and a sausage with mustard. i'm getting a taste of vienna. >> that sounds more american. kelly, thanks for this. catch you later. i know you're contributing a lot today for the u.s. as well. we also apologize for the sound quality on that interview. >>> remind you what's on the agenda in u.s. producer prices are forecast to drop by 0.8% and 0.2%. also at 8:30, may retail sales. expected to slip 0.3%. and at 10:00 april business inventories are out. >>> jamie dimon will try t

. >> the politics of opec are difficult as well. more on what to expect out of the meeting later today. behind me, we'll leave you a shot of the hofford palace, where meetings are already under way. >>> welcome back to the program. i'm kelly evans. not in london, i'm in vienna, in front of the hoffburg palace where behind me the opec seminar is taking place ahead of the opec ordinary meeting that will start this afternoon at about 3:00 ordinary time. the key question, of course, is whether opec members will agree to keep the current production quota at 30 million barrels a day. and perhaps more importantly, whether they'll reign production in so that it will meet that level, given that we're running 1.5 million barrels above that in recent months. i caught up with certain members of the committee, the libyan oil minister, here's what he had to say about the meeting. >> i think we're in the market of supply and demand, not for the sake of lowering production but having a stabilized price is the issue. >> would you prefer to see price

you've picked opec. so you picked opec and opec is the winner historically.ut we are i get really -- >> bent out of shape. >> oh, hell, it really does piss me off that you can't get something done that's as obvious as this is. >> boone, you mentioned nat gas. have we bottomed on nat gas prices? where do you see that heading? >> you're shutting down the rigs, 800 to 500, down from a billion over a year ago before the rigs started shutting down. you're going to tighten this thing up. when i look out at summer next year three plus, i think that's where you're going to be. i think you bottomed out on natural gas prices. >> i'm google to ask you to sit tight. i'm going to take a break. i hope you'll sit there and we'll talk on the other side of the break. our conversation with legendary t. boone pickens isn't over. find out his top pick in the energy space when we come back. laces? really? slip-on's the way to go. more people do that, security would be like -- there's no charge for the bag. thanks. i know a quiet little place where we can get some work done. there

. >> opec meet. >> opec. what's going on there? >> reporter: hi, guys, yeah, i'm at the grand hotel in vienna where we just had the oil minister for the meeting. the meeting that takes place thursday. first thing people wanted to know in light of an interview that went online earlier today where he was quoted as saying he wants level to be raised for clarification. he said that it is not what i said. i said maybe. and maybe it will be lower. again, the news here to clarify as we have the saudi oil minister saying it is not necessarily the case he wants higher output. he did say maybe. he didn't say no. he said maybe. he also said maybe it will be lower. again, this comes at the close of eight months low. you can understand why there may be some angst about what higher level could do. >> in other words, maybe the market will turn around here after we get this clarification. kelly evans at the opec meet. >> reporter: thank you. >> thank you. see you later. >> ryan has this real-time flash. >> talking about oil stocks. intraday, exxon

don't ship it out to china and import dirty opec crude. i mean, we are going to go down as the dumbest generation in the world if we do that. we are fools if we do it. because we have so much natural gas it is unbelievable. but we also have a lot of oil, too. we are increasing our oil in the united states and that's all because the industry has geped techniques to recover both oil and gas. >> and let's focus on the natural gas that is cheaper and cleaner and we don't have to ship trillions over to opec our enemies. your idea is to convert the nation heavy duty trucks. 18-wheelers for natural gas. what does that mean in pollution and terms of dependence on foreign oil. >> there are 250 million vehicles in america. i just want 8 million. give me the eight million. what can i do for us? if i had 8 million. that is 3 million barrels was oil a day. >>> and that is four million from opec. we cut opec by, 60 percent. close to 70 percent. and just 8 million. and it is like a freebey. and it truly is. and it is moving in that direction and that's w

the opec price. reminder. that's the role of the saudis. what about the role in washington? >> washington is leaderless in my opinion when it comes to energy. we have no leadership from the executive branch and partisan particles paralysis in the legislative branch. what this country needs, many have said it a comprehensive short term-long term plan. we have more energy than we can ever use but instead we are seeing in federal lands declines in production. and in private lands increases in the last few years has nothing to do with the federal government, has to do with private land owners and state permitse permits. thank goodness for that because otherwise we'd be more at the oil marketplace. >>> we will get big reaction from a company that makes batteries for electric cars. fi phil lebeau, i know you interviewed the ceo a moment ago. what did he say? >> new technology they're disclosing. new lithion ion battery to allow it to work at lower extreme temperatures without a heating element and should e

they may not have the same problem that the iranians do, but opec does.bably start to see an extraordinary opec meeting in the offing in prices stay soft. the meeting not plans. >> what do you think, in terms of the supply story out there, is there enough oil in the world today, should prices be lower right now? >> our concern right now when you look at the eu oil embargo is the sanctions on shipping. we believe we would be removing, and that puts on the question what kuz opec want. so they can run down reserves at 90, but they don't want to. and other people are putting pressure on said yeah arabia to cut back on production, so we think we'll see a saudi move at some point, and we think it will come back as a major story. we're not seeing progress, but it continues to spin. >> sounds like you want to be a buyer of oil. thank you for being here, appreciate it. we'll see you soon. have a good weekend. up next, google taking a giant leap to the tablet pool with the nexus 7 device. also coming up, is it time to get out of ford? how to play the automaker's st

outages for instance at this moment about one point two one point three million barrels a day from the opec counter it is not being brought to the market well up till now we it was about one hundred million barrels a day but let's have a look at what happens in argentina what edison moments there are a lot about one hundred thousand million bout a hundred thousand barrels a day less put on the market because they have problems with their workers so things can change quite quite quickly and that's why i always tell people ok prices are coming down now that's true but don't think take it for granted that prices will continue to fall so coming back to your question. i don't know about you some since that's on the pin to full cost of food that you just mentioned but i think it's always so that there is a certain volatility and crisis but but is the price of a hundred dollars sustainable for industrial economies to keep growing doesn't this price contribute to a slowdown in growth. the problem is that if prices are on the high level for longer periods and that has been happening now in the past

we cut off the -- opec cut off oil production and sending it to the u.s. we only got heat three hours a day, we had to keep the heat for our tanks and aircraft to protect this nation. so it is one of strategic importance and energy is a very important source of that. to obtain energy independence, it's not only a key component to domestic recovery, it's also an issue of national security, as i just mentioned. the coming energy independence is -- becoming energy

we import 4.4 million-barrels a day from opec. so we would cut opec by -- we could cut them by. >> chris: 60%. >> more than 60. close to 70% we could cut them. with just the 8 million. it that is like a fle freebie. it is moving in that direction and that is what my opponents say, well, you just let the free market take over and let it happen because natural gas is $1.50 to $2 a gallon cheaper than diesel and i say okay if you want to do that it will take you eight to ten years. if you want to go ahead and do something as far as legislation is concerned, you can do it in half that time. >> chris: well, let's get into that. the biggest problem with natural gas is that we don't have the infrastructure for natural gas. you have to convert all of those heavy duty trucks to be natural gas consumers and put natural gas filling stations along the interstates that don't eastboundist now. your answer that you are are pushing in congress is what you call the natural gas act which would give 3.8 billion north credits see i have done my resea

you got to wonder at what point opec comes back into the mix. we'll hear from the director of the iaea in just a bit. say with us. [ male announcer ] trophies and awards lift you up. but they can also hold you back. unless you ask, "what's next?" introducing the all-new rx f sport. this is the pursuit of perfection. >>> you're watching "worldwide exchange". let's take a quick look at how markets are trading. red arrows across the board in the u.s., this comes after stocks closed lower yesterday following the meeting for the first time this year, typically that meeting is more supportive. ben bernanke indicated he's willing to act. oil is trading lower. commodities getting hit. brent at 18 month lows. 91.76 is that level. let's get more from ellen, senior u.s. economist who is still with us this morning. ellen, this drop in commodity prices in oil in particular, some of course will say this helps support the u.s. consumer but it seems every time oil prices selloff it's because the global economy is doing so poorly. >> exactly. ate double edged sw

opec in many senses powerless to affect the price. in many senses a huge amount of power. $83.36 is where we trade at the moment and gold at $1,600. here is what we're following at the top of the halftime show, europe on edge. we're breaking down what's expected from this weekend's crucial elections in greece and trading the big winners and losers ahead of the news. emerging opportunities, the markets have taken a beating. a top money manager will join us with his take on where you should be betting for a rebound now. and which stocks are poised to take an earnings hit from the apparently ever strengthening greenback? welcome to "the halftime report." let's get to what the traders are watching this thursday lunch time. >> i'm steve grasso. i'm watching the s&p cash. >> i'm looking at natural gas and whether this rally has legs. >> i'm simon and i'm seeing if gold can creep over its average. >> i'm mike murphy looking to see if we can string together two up days. >> a packed show. the upcoming greek elections scheduled to be rerun on s

opec would not be there if it was not for us. one of the things i find amazing -- they talk about barack obama and his foreign policy. what is his foreign policy? think of it. he goes in and does not defend egypt. i don't know what they say behind our backs -- you can imagine -- but at least come out with lee, they were supporting israel and -- but at least, outwardly, they were supporting israel and we paid everybody a lot of money. we can do anything on our own, and we have to pay everybody. now that regime has been taken over by a group of people that make them look like babies, totally anti-united states, totally anti-israel, totally anti-everything. and the world sees how we acted. and they cannot count on the united states. a look at what we have done in iraq. i get in trouble for saying this, but i am not changing my mind. the nice part of not being a politician is i can say whatever i want. if people like it, that is fine. if they don't, that is okay, too. but look at iraq. the smart people said, when we went in to iraq,

happened at that moment the market was not as filled supplied as it is now the to produce us especially opec producers they had to have a certain time to step up production they have been stepping approach a production due in the past few months and a lot of hits we're talking about one point five million barrels a day exenatide has been put on the markets and in this way opec producers have been meeting the demands of their customers so that means that the market is better supplied than it was before and there is only a reason for a stock release when there is when there is a serious disruption of supply and that's not the case at this moment. the on i e n e is predicting levy the rise of demand for natural gas in the forseeable future so in this connection i r i would guess that most of the russian businessmen and politicians politicians there in st petersburg are asking you one of the same question does it mean a rise in the price for natural gas on the on the market. well natural gas in our scenarios natural gas will be. being the first to. in the first fuel in the end the global energy

what i speak to him about is opec. i don't speak to him about this.ring it up because you feel it's probably going to get a few more people watching your station, which unfortunately they're not doing. >> here what's romney's spokeswoman said to the, not yesterday, not six months ago, governor romney has said repeatedly that he believes president obama was born in the united states. he's not a democrat, he's not an obama supporter, he's governor romney, the presidential nominee. he says you're wrong. >> you know what? everybody's entitled to their opinion. you know my opinion, you know his opinion and that's fine. we're entitled as he said yesterday in the airplane, we're all entitled to our opinions. he's entitled to his opinion and i think that's wonderful. i don't happen to share that. and that's wonderful also. >> but the state of hawaii says it's not an opinion, it a fact. >> take a look at the birth certificate, you analyze the birth certificate, there are many who don't agree with the birth certificate and don't think it's authentic. >> i don't

i don't know what opec will do.y, $70 to $80 is not a bad price for a barrel offensively from opec's concern and keeps other drilling at bay. i don't think you'll see anything out of opec here. >> the futures are weaker today. i'm guessing that's all because of euro. does the supreme court weigh in in any way in the trader's minds today or is that a foregone conclusion? >> by the time you read through it it will be very complicated then you have to clear out what's going to remain of this bill, what's not going remain will be a total whitewash which nobody is looking for. it's europe, becky. this is all politics. and merkel got trashed at the g-20 but it raises an issue. everybody is jumping on merkel and the germans but what if merkel turns around and points the finger back at the united states what do you want from me? ben bernanke has talked about the fiscal cliff and why is merkel more culpable than obama who has walked away from bowles-simpson. people say bowles-simpson was the best starting point. what if the

she's on her way to vienna for the opec meeting. we one hour into the trading session here in europe. just weighted to the down side. a bit less than 6-4, probably around 5-4 decliners out-pacing advancers. this following a turnaround in the session yesterday, when the ftse was up 2 points. right now the ftse is up 8, cac up 10, but the ibex is where the focus is in spain down another 0.4%. we are keeping our eye on the bond market reaction. ten-year yields in spain are rising once again, 6.62%. yesterday we went back over 66%. italy rising over 6%. 6.13. as far as bond yields are concerned. we are below the ultra low levels of june 1st, 1.1% but contained at 1.34%, near the record lows. eur euro-dollar below 1.25, we are at 1.82. dollar/yen, 79.52. this is where we stand now in europe. let's get an update on what's been going on in asia in the session. >> thank you, ross. asian markets beat a sharp retreat as investor optimism over spain's bank bailout dipped. volume remained thin ahead of next week's fomc and g-20 meetings. the sh

an opec meeting a crucial crucial opec meeting in geneva tomorrow when production quotas may be changed in this or that direction action different countries pushing different decisions and over here in russia we've seen the first session of the week off from the positive note with the r.t.s. and the my sixteen around point seven percent the back of high oil prices at the time of the closing of the russian markets and the moving the russian m i six was burbank mostly among banking shares. went up one point eight percent magni the retail chain was the weaker than the market after opposing revenue up around. year and year in may and gazprom was weaker than the market also barely making it into bulls the territories said look at that story russia's government may reduce the planned tax hike for independent gas producers for example nova tech in new rate comes into effect next year has made gas companies frightened to cut investment and exploration as promised turned out to be a potential exception as many believe it's seriously undertaxed. the year world bank has put russia on the front lin

all right have more of course next hour we'll be talking to experts about what to expect from the opec meets a lot of news around how did that song go don't worry be happy he said and done though of course if you're live in spain or southern europe whatever thanks for looking forward to that update a bit later now in a couple of minutes we ask a prominent middle east academic whether this still hope for democratic development in egypt that's right after a month of the top stories here on our team from moscow in a minute and a half time. this is our team from moscow thanks for joining us if you just have we started with some breaking news actually now this hour the egyptian hard court just declared a third of parliamentary seats avoided also allows a mature feek the former premier of the ousted leadership to run for presidency ahead of the runoff this weekend and all that is the country's generals have brought in a law lonely army to arrest civilians a throwback to the country's revolution regime that's our top story also headlining this hour a suicide car bomb explosion in just ten in

job in yesterday's session the good old price is now now trading at their lowest level in a month opec meeting on june the fourteenth they're set to discuss production for the second halls of the shia as well and opec account for forty percent of the world's oil production. so we'll have that the prices they are indeed declining are right that not the market's not be back in about fifty minutes gary. thanks for catching. well now i about twenty minutes from now will we gauge the mood among the russian football squad i say you're up for the u.s. twenty twelve clash with hosts president that's the headline stay with us.

have more of course next that we'll be talking to analysts to experts about what to expect from the opecmeeting a lot of gloomy news around how did that song go don't worry be happy he just said and done though of course if you live in spain or southern europe whatever thanks for looking forward to that update a bit later now in a couple of minutes we ask a prominent middle east academic whether this still hope for democratic development in egypt that's right after a mine of the top stories here on r.t. for moscow in a minute and a half time.

had gains on wall street we have the oil prices as well we had the big meeting yesterday between the opec meeting they decided not to change the quota for production in the second half of this year we're monitoring those prices very closely indeed because if they do take another fall that opec has said they may indeed have to intervene but right now they are indeed climbing and it must be said that they account for over forty percent of the world's oil production the very most the heavy weights for the commodity all right carrie next hour have the ability to pull them i said see how they're getting all. right thanks up take eighty. well now the latest cross debate focusing on syria is coming up next in just a few moments of another look at the head hurt. if you're followed up on my debt fueled rather than those. countries are sort of a throwback and archaic part of our long. and it goes back to a time when people would lie down in their forces in the wild west and pick up a piece future days important into the sheriff for prosecution there is no longer like company mail most people told m

while now the opec meeting has resulted in keeping maintaining production quotas at the same level of thirty million barrels per day which was pretty much expected at the same time credit suisse is forecast of the price of brant for crude to fall to around fifty dollars a barrel by the end of the year but that's only if the escalation of the eurozone crisis takes the worst scenario earlier we talked to were nation's capital in london they say this is highly unlikely. we have seen oil. at fifty dollar level it's not the broadway all of the possibilities but i find the difficulty imagining that anyone in there you know was and they exist in supply demand environment would be taking fifty dollars a barrel as their base case assumption. you know that's the spare capacity is still very limited it is it is at the end of the day is going to bid that have them but by what happens to the demand trends both in china and europe i mean if you're talking about fifty dollars oil to your talking about google gold but i would base economic collapse and i might not be an economist i'm just i'm just an

lightly after that the opec meeting in vienna right now underway could affect. production quotas at the same time credit suisse has been saying that the price of bread could force around fifty dollars per barrel by the end of the year and that's only if the escalation of the year's own crisis takes the worst scenario and interview to the telegraph newspaper the bags and the said that the current global imbalances even worse than those seen in two thousand and eight just remind you back then the price of brant fell from one hundred forty five dollars to below forty dollars in just six months. but we've also talked earlier to two relations capital in london they say that this scenario is highly unlikely. we have seen oil at fifty dollar level it's not the broadway out of the possibilities but i find it difficult imagining that anyone in you know what's an existing supply demand environment would be taking fifty dollars a barrel as their base case. you know the spare capacity is still very limited it is it is at the end of the day is going to be it they haven't but

opec wants 85 buck a barrel oil. >> yes or no? >> opec is saudi arabia, saudi arabia continues to do what they're doing and don't seem to be making any changes but i'll say there's been really big divergences in the opinion on the big investment banks as to what will happen continuing to see prices drop here and some saying we won't see prices drop with the iranian situation and that's going to be something to keep the prices supported and others say that even though we'll see the loss it's the same as saudi produce. so we'll don't see perhaps prices under pressure. >> right. tense negotiations continuing. >> exactly. thank you so much dan and sharon. >> sure. >> teleprompter says sully toss to shactman. i am. >> i appreciate it. look at lazard. showing that they have a 5.1% stake in the company saying it is significantly undervalued. people piling on top of that. back to you. >> thank you very much. >>> just ahead, a hunt for a wedding ring created an internet business. >>> and shares of barnes & noble. yeah, not part of today's

change because we're having in one hour's time and we're having a meeting in there in vienna of the opecnations that it's all about production quote says so you know these could be moved this or that way i think crease would decrease depending on who gives in to whom you know which side let's actually talk more about that with. oil and gas analysts that renesas capital in london and we are going to see you so what do you expect to come out i think areas well what do you expect to come out of that meeting in vienna today well. interest in them enough not much at all i mean our expectations on expectations of the broader market are that the existing thirty million barrel a day quality well not be changed if you look at that fundamentally hundred dollar oil. it has it's a good balancing point it's good for producers because it's not leading to demand destruction and that's good for the countries that the biggest oil consumers because it is low enough not to slow down the kind i'm a growth and the saudis have been specifically targeted in this kind of a hundred dollar plus minus five box ran

so outlook for the opec countries i was a not particularly good at all. [inaudible] both india and china, in terms of trade effect. with the rise in the commodity price. that i think will not be quite so bad. ruchir was specific about any. i think i spent all a bit of time on the since we both are from india. he talks of india and maybe doing 25%, maybe doing only 6%. he is quite right in saying on the political scene that political process, political reform. many things have gone wrong at the same time. yet, the same great recession of '08-'09. in the two subsequent years, india hit 8.4 at 8.5%. now just suddenly slipped down from one year to 6.5. can they really disappear in a year or two? i don't think they can. ruchir said again, i think is quite dismissive about demographic evidence. indy is a country which allows a problem called population explosion. population explosion has now been renamed demographic -- [inaudible] you have too many guys. you are an expanding workforce. china, a one child policy. china will have a complete break. the population

they are not pulling your leg this time, opec? on tuesday, may 29, next tuesday, that is our forced closure day. all our employees are giving up salary and everything because of the state budget. we don't think that is a really good thing to do, but that is how california's inadequately funding public education and it forces us to do these terrible things. yesterday, if you saw in the paper or heard about on the news, the state superintendent of schools announced that just a couple weeks ago, there were 172 school districts that were really in a financial mess, and that number as of yesterday is now 180. they can't seem to balance their budgets, so if they're not careful, they'll be taken over by the state. the economic crisis is so tough that they can't run the school system. home is a huge issue we will go a long ways to solve. i hope that we work with the legislature at next year, we can't continue to keep chopping away more and more because we're running out of things and who is paying the price? and the children. i think it i

opec ministers are arriving in vienna for meetings. venezuela says it will call on the cartel to cut back on overproduction, that's what they're calling it. extra production is pushing the group above the 30 million barrel a day ceiling. >> customers, customers come, they say we want oil. what do you do? you give it to them. >> the euphoria about spain's bail-out seems to be short-lived. investors are worried about the chance that italy could be next, and as a result investors are selling italian stocks and bonds. >>> back in the united states, a few economic reports to watch today. at 7:30 eastern, we have the nifb survey of small business sentiment. at 8:30, import prices. then this afternoon we get an update on the federal budget. >>> let's talk corporate headlines. jamie dimon is preparing to testify before the senate banking committee tomorrow. there's a front-page article in the "wall street journal," it says certain directors were made aware in 2010 of bad debts made on forex but were told the trader behind the action would be r

what's happening inside is the opec seminar, ahead of the opec meeting that will be held across town. the saudi oil minister, he's the key character. he's the greenspan-like figure in all of this. and the decision that may come from the meeting later largely depends on whether the saudis can come to a meeting of minds with everyone else in the dozen member cartel. cartel being a term they hate to use. you have iran, algeria, venezuela who would like to see production cut. the saudis, though, appear open to having a production increase or stay at current levels of about 31.5 million barrels a day. that is above the 30 million barrel ceiling they agreed to in december. it seems likely they may stick to the 30 million barrel figure when the statement itself comes out later. naimi didn't make comments on camera. we did hear from the libyan oil minister. interesting story. we asked him about production levels. take a listen. >> do you support lowering production levels from the 30 million barrels a day? >> i think we're in the market of supply and demand, not for the sake of lowering produ

opec, those nations, would not be there except for us. one of the things that i find amazing -- they talk about barack obama and his foreign policy. what is his foreign policy? he goes and and does not defend egypt, where egypt was -- look, i do not know what they say behind our back, but at least outwardly they were supporting israel and they were doing lots of good things for the united states and we paid them a lot of money. we pay everybody lots of money. we have to pay everybody. but we go, and now that regime is taken over by a group of people that make them look like babies, totally anti united states, totally anti israel, anti everything. what have we done? and the rest of the world sees how we acted, and they say we just cannot count on the united states. i look at what we have done in iraq. i got in some trouble for saying this, but i'm not changing my mind. the nice part about being -- about not being a politician, is i can say what i want. [applause] if people like it, that is fine, if they do not like it, that is ok, too. loo

we're told by opec sources that it seems likely the meeting will wrap today.our is the session with other people involved is likely just finished. now the second hour is getting under way. 5:00 local time is probably the soonest we'll have a decision. but keep in mind that doesn't -- it could mean essentially no decision is taken. and i want to just play you, to get a sense of what it's lying, a bit of the tape we have from our conversation with naimi just a few minutes ago. you seem to be in a good mood. >> yes, very good mood, but i am not making any comments. >> why are you in such a good mood? >> the weather is great. >> reporter: yeah, the weather is great. that's what he says, but smiles and contrasts to some of the frowns and bit pour tense atmosphere we saw yesterday. last june it seemed there was similarly a deal struck, as we know, that meeting ended in quite fractureius behavior. naimi himself stormed out of the meetings, and it appears the nigerians are quite hawkish, and were among the reasons for that. we can't yet say everything will be okay. we