think thegain, we tightening will be gradual because the global economy is still quite weak very classlessalk for a second about what you like your. at the airlines, it is interesting for people to see they have stronger pricing power and growth there. i always think the airlines are interesting because they go bankrupt every 10 years. but they are on an upswing right now. >> exactly. they are certainly benefiting from lower energy prices. we noted on the supply side industry consolidation led to significant pricing power. the airlines are packed. they are charging you to board early, check your luggage, food, special seating, they are getting money coming in hand over fist. they're also benefiting from the lower energy prices. now the consumer is starting to travel again. this is the perfect storm and airlines are taking off. >> the consumer confidence index is not faze you in that believe? >> no. the things we look at from companies in the united states tell us consumers are coming back. if you look at las vegas, of eight to 10%. more people are staying in hotels, consumers are starting

thegain, it is complicated cousin of various factions. as pre-leader has made statements -- the supreme leader has made statements and using that as a tool to divide the region. made some statements saying we have a shared enemy in some ways. maybe there could be some cooperation in the future if there is an agreement. they have kind of played it both ways. different factions have said different inks. what i find interesting is to her three weeks from a deadline, no one seems to know what is going to happen. when you look at how big the big gaps have been as far as what the u.s. wants him with iranians say they want as far as nuclear programs, it is vast. the way the white house and the top negotiators in the u.s. are describing the potential break down, you do not feel there is any way at all they could walk away from it. -- aally they were saying top u.s. negotiator said there will be vast escalation across the region if this diplomacy doesn't succeed. on the one hand, it is so close to the deadline, it is hard to see how they have this