tony crescenzi. great to see you this morning. >> hi, becky. >> we want to talk about g-20.nt to talk tout about your reaction on the joblblclaims, down 20,000. equity markets certainly like that, picking up steam. in fact, some people including steve liesman say this is what you would expect to see if we were going to see a recovery and things getting better. what do you think about that? how does that fit in with pimco's season? >> to answer the question about the hand-off between what we're seeing now, which is an inventory-led fiscal-led rebound in the economy to the more sustainable, self-reinforcing in production, income and spending. the inventory now is quite vigorous. it's helping the factory sector, reduction in layoff in factory sector, realignment of production to sales. it's what will bring some stability to the labor market. but again, we can't know whether there will ab successful hand-off to more sustainable forces of command. that's the question of 2010. >> what will be the first sign they give us some sort of indication as to whether or not that hand-off is