how to get excited about a hawkish cut of 25 basis points by the time I talk to you tomorrow morning we’re probably going to have the third successive cut of 2024 for rates but here’s the rub at the start of the year we were six rate Cuts we’re down to three next year the market has gone right the way over to the left hand side and it’s a hawkish cut probably two two cuts for next year is what the market says what will the dots tell you what would the optionality that pal will achieve today one of the major corporate story is this we understand Honda pursuing Nissan for a deal the question you to ask yourself here is this merger political expediency Financial expediency how to live in a world where the Chinese are absolutely banging on the door of electric vehicles it’s how do you create your own national champion and right now the Japanese are really motivated to do that we have 12 to 14 months to survive according to Nissan have a look at this this is the Ado I’m waiting for it to trade in the United States of America but up over 8% and change tomorrow we know more about the feds pth