Scott Besant

And I wanted to backtrack for a moment because

I don't believe that the markets are going down or I don't believe the primary catalyst for the market going down is the kerfuffle over Greenland.

I believe the markets are going down because the Japanese bond market had a six standard deviation move for the past two days.

That would be in their 10 year bonds.

I've been in touch with my economic counterparts in Japan and urged them to take the necessary measures to stabilize their bond market.

But that's spilling over into all bond markets.

German yields are up.

French yields are up.

U.S.

yields are up.

And again, it's mostly the Japanese bond market.

Got nothing to do with Greenland.

And the Europeans can shake their fist.

They love regulation.

They have low growth.

And our message to them has been, come grow with us, be part of our innovation economy.

Because, Steve, imagine this, that Europe has no cloud of its own.

It's the US and China.

How is it that 400 million people haven't been able to develop that?

And it's just this over-regulation.