to rolling back chem kale regulation to rolling back better insurance regulations to undermine the voelker rule which a european official said we have to review that in these negotiations. who elected that guy? that is what fast track can doom right now the european guy guy can say anything he wants about the voelker rule but can't do anything about it unless he gets a majority of congress. if fast track were in place that negotiation could rewrite that piece of huge financial regulation that took years to achieve. >> i have a question. i think it's -- [inaudible] fast track isn't helping trade -- [inaudible] a nation involved in u.s. free trade agreementing logs behind -- [inaudible] it sounds bad for business and why would they negotiate something -- i -- i haven't read your book but sounds like money interests that benefit from that -- [inaudible] >> that's a very, very good question. so, the point is, it's literally the trade agreements being negotiated under fast track is slowing down our export growth, who likes you can be upset at environmentalists given basically the wto and other

in 2010, the economic recovery adviser board, the voelker board, released a report on tax reform that we talked about on this show, the 58 different proposals for tax reform. one of them was about the way the tax system treats large private companies differently than large public companies. >> s corpss. >> i used what i thought was a correct but turned out to be incorrect as an example of a large private company, using totally public sources like the forbes list of private companies and some newspaper articles, i thought they were. and i said, in the question and answer on this call about the. >> wait, this is public? the irs put this out then? >> so what happened is. >> you and shulman. did you get together with shulman? what did he ask you? was he accusing you? >> the no, this had nothing to do with that. my meeting with shulman had nothing to do with that accusation and that this accusation had nothing to do with the p-rab report. this was an incidental example which the coke industries folks came out and said, that's not true, what i had said, they weren't an example of it and i h

so we'll be keeping an eye on the fact we've got a couple of fed heads including former chairman voelkertaking a look on the european markets we've got several pieces of economic data coming out there. so eyes will be focused on that front. and then lastly crude had a nice bounceback here today. tomorrow night we're beginning the api numbers which are expecting a 500,000 barrel build. that will be a focal point for us. >> focal point for us as well. steven, you're up. 30 seconds on the clock. what are you looking at for tomorrow? >> with little news on the economic front we're focusing on japan on the u.s. ten-year traeshszy. in japan we want to see if the nikkei can hold the 14,000 area and if not we think the sell-off continues for another 7% to 10%. also watching the u.s. ten-year treasury to see if the large rise in yields we've seeb over the past 30 days continues or if the recent sharp sell-off sparks some buying as many female the fed's policy of low yields is going to continue for some time. >> all right. we'll be watching all of that. let me ask you guys. the rally, last week we