Welcome back to Morning Trade Live. It's time now for the big picture. So, let's welcome in the team from Charles Schwab, Cooper Howard, director of fixed income research and strategy, Schwab Center for Financial Research, and Michelle Gibli, the director of international equity research and strategy, Schwab Center for Financial Research.Michelle, I suppose we better start with you just because of course we got this data out of China overnight showing that while it does continue to operate over a $1 trillio ...