Austin Hughes

to sort of massage the numbers later.

But the reality is there was nobody in the office.

It exactly is.

But again, Fed officials, and this is a worry for US markets yesterday, Fed officials were talking a little bit tough.

A couple of weeks ago, there was 100% probability that US interest rates would fall in December.

That's down to 50% yesterday, and it's spooking US markets a little bit.

Yeah, there was quite a widespread, I suppose, tech-led downturn yesterday.

Tesla was down 6.5%.

A lot of the other big tech companies lost heavily.

And I see overnight kind of Japan is down about 2%.

The U.S.

indices, the main indices, up or down around that, or sorry, down either side of 2% yesterday.

The concern, as you say, is one, we don't know what's happening to the U.S.

economy at the moment, but there's increasing nervousness that maybe the tech sector has overdone things.

And the FT has quite a number of stories on it today.

One about Oracle saying that it's borrowed vast sums to...

to spend on chips and data centers, and the return may not be there.

There's another really interesting little story about Michael Burry, who called the housing collapse and the CDO collapse.

Exactly.

And that he has closed his asset managed company because he thinks that tech valuations are