we have kate rogers and owen lau.'ll start with you on the broader market which is sort of mixed. the nasdaq is a little higher, the s&p 500 is unchanged and the dow is lower path of least resistance still feels higher after a 9% gain in july and sort of starting off this week with the third week in a row of gains i don't feel like enough people mentioned the bank of england today which hiked rates 50 basis points, the highest they have done in 25 years or something, and much moreexplicitthan our central bank and others about expecting a recession to start before the end of the year it's a gloomy forecast weighing on the pound does that resonate as we're trying to figure out what the fed is going to do and what our economy is going to do >> it doesn't really i'm not saying it shouldn't, but it seems as if really that would get filtered in to some degree through how the dollar trades off of it, as we're seeing right there, as opposed to really anything it tells us about our macro situation. now, i guess we may look bac