about, and trading and everything else will impact the bank numbers joining us on the news line, stephen biggarresearch you just hearted our wonky analysis, but good i hope on rates. how does that drop in rates affect the quarter did it happen too late to affect q1 >> well, good morning, brian no, i think ten-year yields have been moving down for six months now, so after peaking late last year, you know, the broader story for lending is really the slowdown in loan growth that the fed has pushed the short end up, and that's resulted in more sluggish loan growth that's really, you know, part of the impact the other impact, obviously, is on -- this just pulled back and higher rates to the extent that banks borrow short and lend a little long. obviously, that will hurt net interest margins >> of course, it could help, i guess, lending on the mortgage side if you are big into that maybe trading revenue baecause the markets have been hot. what is the balance, stephen >> well, on average and jpm is a bit of a bellweather now for the universal banks, clearly you know, it was a challenging quarter. you