u.s. earnings. before the bell, we'll hear from conco philips, eli lilly, 3m, exxon, mobile, u.p.s., visa, harley davidsontime warner cable and viacom. and if that's not enough before the bell, after, look for results from amazon and google. quite a lot to get through. now, the fed has taken another step towards ending its massive bond buying program. as expected, the central bank is deciding against a taper its monthly purchases by $10 billion for $65 billion. in their statement, the fed looked past recent economic data including the disease jobs report. it's noted the economic activity has picked up in recent quarters, although the s&p didn't comment on the term of global markets in the past few weeks. good to see you. thanks so much for coming in. it's pretty much -- what we thought was going to be, if anything, i suppose, why do we have such a bad reaction yesterday? >> i think it's an interesting point. in emerging markets, we have to figure out what is a real headline event and what is actually a little bit more of an overstated interpretation of events. so the important thing is i think emerging ma