michael ward from stern agee on the big news day today. >> a lot of news to digest.cb rate cubs, jobless claims here and the big payrolls report tomorrow. the dow and s&p actually hit records this morning. we are inching back into negative territory as you can see at the top of the screen. let's bring in ward mcafee, chief u.s. financial economist with jefferys and jerry castellini with castleark. thanks for staying with us. kick off with you, jerry, the europe peen central bank, the buildup was huge that was going to be the big event of the week, possibly more important than the employment report tomorrow. in your view, jerry, has the ecb delivered? absolutely. i think the question of whether they're going to pull back or wait for more information i think that's behind us now. look at -- just the idea of a negative interest rate should give investors there and here that the taps are wide open, the downside risk has been probably well established, and where is all this liquidity worth, and going to flow. >> what taps are all open? i don't see qe at all? >> qe is the