Earnings. Olivia take a look at those declines, you are seeing major benchmark indexes in europe all up 2 or 2. 5 . And the broader continental benchmark off by 2 . Sour sentiment coming over from asian markets, but also Economic Data coming out of germany this morning, perhaps. Pimm there was market moving you cant out of germany. Olivia german Business Confidence is up today. You would have thought that would have produced pimm maybe theyre looking at china. Everyone is looking at china. Top headlines, stocks lower in china. The shanghai composite falling 8. 5 , the most since 2007. Investors are concerned the Chinese Government may hold the steps it has taken to prop up share prices. Earlier, the head of the council on Foreign Relations called a nightmare scenario for chinas leadership. The question is where does this government, where does this party get his legitimacy . They cant quite figure it out if markets cant work. These are broadly participated in markets. The real problem.