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To European Markets opening up, and the close in asia saw significant gains in Hong Kong and japan. The picture there is across the world, that is last night but this is what we are drawing our attention to here, the Hang Seng up by almost 4 and then Ak Injapan up by 3 as well. For more, joining me now is rory green, chief China Economist at t5 lombard. How significant are the new measures . It isa it is a significant Step Up in stimulus from beijing. What we have had announced so far, and we have got clarity on the monetary Side And Today the Politburo Set for september gave us an indication,...

And that is leading to us pull back. what we are not seeing losses across the board. not a 200-point drop on the dow. this is momentary pause which is good thing. when we run up so fast we need to catch a breath and we need to resume momentum. the momentum is on the upside. sometimes you have to take a breather. >> gregg: why is it up to begin with? you've got incredibly high unemployment especially if you add in under employment and it's beyond 20 million americans. you've got economic growth at almost zero. why is the market up so much? >> there are a couple of other factors. the economy has...