robert schiffman of bloomberg intelligence, thank you for your time today. it is the difference between issuing very short-term debt at 20 basis points wider than the treasury. that is ok if you are printing cash like a big tech firm is now. where i take issue with this is further out on the curve for some of these issuers. if you are issuing 10, 15, 30 year debt, and you are a tech company, can you tell me what that world looks like? i don't think anybody can. tom: you are totally right, particularly for product specific companies. product cycles can be brutal, even for the best. i really take your point. i think that is true. but still, what is extraordinary to me is we are equity guys. i think of mario cavalli, who says, wait, just give me more share buybacks to add to total return. jonathan: i don't think jeff bezos listens to wall street and the way that other c-suite executives do. alongside tom keene, i'm jonathan ferro, together with lisa abramowicz. quite a moment in the united states of america. more coverage still to come. we will be catching up w