the two bsc,t --tboc, it is structural reform, supply reform and it is lacking.t is why we are very cautious on the outlook. shery: that is exactly what we are seeing in the u.s. as well, because we have this data coming out saying new-home sales are inht surprisingly the downside. where do you see the fed going from here? >> i think based on the data, it will not raise this week in april, but i think we need to look at this carefully to gauge when they will do it may be in june because this is just before the vote, so they cannot do it before this. shery: what about the fundamentals of the u.s. economy? best, but lookhe at the retail sales. global economy is really flattening. there is no power going ahead. shery: thank you so much for joining us. a very interesting look on the global economy today. thank you so much. now the stories making headlines around the world. china says it has reached a consensus with three neighboring countries over islands in dispute of waters. a deal was agreed on by the prime minister when he visited cambodia last week. the ministry