Cisco just posting its worst revenue decline in five years. And gdp in the Second Quarter did not go at all. The compass the economies of both germany and france actually shrank. U. S. Markets are waking up. You are with that european news. We are joined by Bloomberg Economist david howell. The numbers for germany, france, both worse than excited. Itd take the markets by surprise . Yeah. Both of those numbers were less than expected, so they took the markets by surprise. The moral of the story is the drag on growth came from weakness because of the unusually mild winter in europe having advanced construction activity, which kind of stole away from the Second Quarter. The other is the drag from that export, which is partially linked to the situation in Eastern Europe with russia being a very large trading partner of germany. That meanid, does things will get worse, or was this just a oneoff . Unfortunately, it looks like things are set to it looks like the growth picture is set to stay