the composite was 1 pointd 4%, and saw the trade figures as a sign china's economy is getting back on track. let's not forget, a lot of investors waiting for the gdp data on friday. that will be crucial. we'll see the markets in china. for now, nikkei is up nearly 300 points. back to you. >> a strong open here in tokyo. ramin, thanks a lot. we'll touch base with you in a few hours time. >>> now, japan's slumping new car market, that is forcing auto makers to switch gears, trying to attract something more fun. nhk telling us more. >> each year in march, organizers of the new international auto show announced the world car of the year. this year's winner was the mazda mx-5. since the latest model debuted last year, the japanese car maker has sold 9,500 units and 16,000 overseas. far more than anticipated. >> translator: the mx-5 shape and color are appealing. >> translator: this car is completely unique. >> the development team, he chose a special theme for his new model. >> translator: driving enjoyment is key. so i decided that creates feelings of joy would be the theme of my project.

this pointd say at is that the fed has pretty much said they no longer want to play as the pressure valvemarket. at this point the fed cannot move. it is cornered by the market. david: if it moves, what does it do? the dollar, gets pushed back u.s. economic forces, and it flattens the yield curve. the yield curve is getting flatter. we are looking at the short-term rate. thesestribution of all interest rates are flattening if the fed moves up a quarter. they were flat and more. >> the fed is not refusing to play the pressure valve. they are refusing to play the patsy. this goes back to the fomc meeting of last year. janet yellen told the markets she is not going to tolerate a remarkably strong dollar that's going to clobber the manufacturing sector and u.s. workers in any multinational industry. march anded that in that is when the fed began backing off in the markets had to reassess this divergence of monetary policy. , thankn: carl riccadonna you very much. and thank you to david kotok. tomorrow, the fed decides. special coverage. to break down that statement, are you going to be there?