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We did get japanese factory orders which were disappointing down 7. 8 in may they were expected to fall only 5 were down full 1. 5 as you can see in hong kong a little more than that in shanghai 2. 6 . European equities are lower, down around about 0 where do we look on the screens 0. 1 there we go, down 0. 2 in france, italy holding on to slight gains we did get some better than expected german Industrial Production data up 0. 3 in may. It was expected to fall slightly treasury yields back about 2 . Similarly the german yield is back above 0, negative 0. 4 and were up 0. 23 . Deutsche bank an...

Thank you. Thank you. Thank you. Go umass, boy, it is good to be here. So, good afternoon and thank you to the chancellor and the board of trustees for inviting me to be here with you today. Thislly do love visiting campus in seeing the great work that is done by both students and faculty. Lot of u. S. A amherst grads on my staff. I get to see them firsthand, exactly how terrific a Umass Amherst graduation is. I know i hired them. It is terrific. It is also great to see state Senate President Stan Rosenberg your state legislative delegation here. What a great team you have working for you in b...

Thank you. Thank you. Thank you. Go umass, boy, it is good to be here. So, good afternoon and thank you to the chancellor and the board of trustees for inviting me to be here with you today. Thislly do love visiting campus in seeing the great work that is done by both students and faculty. Lot of u. S. A amherst grads on my staff. I get to see them firsthand, exactly how terrific a Umass Amherst graduation is. I know i hired them. It is terrific. It is also great to see state Senate President Stan Rosenberg your state legislative delegation here. What a great team you have working for you in b...

[applause] command and thank you for inviting me to be here with you today. I really do love visiting this campus and seeing the great work both studentsy and faculty. Umasshave a lot of amherst grads on my staff. You have turned out smart people. I know because i hire them. Thats terrific. It is also great to see stan rosenberg, your state delegation, and what a great team you have working for you in western and central massachusetts. I was a law professor for many years. This is not my first commencement speech. If i go longer than 20 minutes, i know that it will be my last. [laughter] i und...