That rocky rollout this past week for his candidacy. In the newsroom, Denise Pellegrini, this is Bloomberg. All right, let's get you sports and Dan schwarzman Dan, we've got that big, upset as the French Open begins. Yeah, absolutely, Denise, he got into a Roland Garros in Paris, one top ten seat already eliminated, 8 seat of Maria sakari knocked down tree sets by Kelly and machova, notables that do advance around two second seat arena sava lenka, 30 Jessica bagua 90 to Daria 'cause that's kinda. Taking a look at the men draw 11 seated Karen katana of needed 5 sets he slips past constant lest yen 50 stephanos to pass and 7 seat Andre Rublev, needing four sets to move on to round two. Red Bull's Max Verstappen winning a rain soaked Monaco Grand Prix for the second time in his career, Aston Martin's Fernando Alonso finishing second with Esteban ocon of Alpine racing round the at the top three. American Josef Newgarden winning his first Indy 500, the edges out defending champion Marcus Eriksen by the fourth closest margin in 104 years, Santino Ferrucci finishing third in the Premier League gets official and in the final day of the regular season Leicester City and leads united both relegated Lester won the league just 7 years ago. Baseball scoreboard some local teams in action Yankees knocking off the Padres earlier today ten to 7 Baltimore three to two in a Texas and the Red Sox get doubled up by Arizona four to two medicine, 11 and ten loss of Colorado. I'm Dan schwarzman that your Bloomberg world sports update, Brian. Daniel, thanks very much. Well, the time here is coming up on 15 minutes before the top of the hour. We've been squawking about the markets this morning, so let's get a little bit of the pithy comment here from Sofia orteca Bloomberg chief China markets correspondent. So Sophia, when we look at these Hong Kong and China markets, we see a number of issues that seem to be impacting the recovery and the Chinese economy seems to be losing steam a little bit. You've got this ongoing regulatory overhang, somewhat lackluster stimulus coming from policymakers, geopolitics, and maybe last you don't really have any AI champions like you do in the U.S. market. Maybe none of these reasons in itself is all that big of a deal, but it's like the cumulative weight of it is just it's just dragging these markets. How do you see it? Yeah, exactly. The rationale for owning China for owning Hong Kong has really been taking a hit lately. And the key thing right now is the reopening trade. I mean, that was the more straightforward, unemotional, if you will, way to play these markets. And investors are really pegging back their expectations for growth. You know, it wasn't just stocks here, but also European luxury stocks were really rallying on this. It was kind of tight tourism. So the fact that the Chinese consumption recovery is not as good as strong as sustainable as expected, but you also, as you said, rain don't have the PBOC kind of deploying the large scale stimulus that everyone kind of expects when the economy weakens means you don't really have a strong way to play this market either way. And what's interesting is we do have on Wednesday. We'll see the PMIs. We'll see whether the recovery is really not as sustainable as people had hoped. But you're also now starting to hear conversations about credit risks and that's when the market starts panicking. The LG FE that LGE local government financing built vehicle that paid at a very, very last minute. That really spooked markets as well. And you just don't seem to have any champions now. I mentioned AI, but I mean, even if you set that aside and look at ecommerce, the emphasis seems to be on maybe paving the way for some smaller and medium sized companies to join in the spoils and maybe it doesn't look as good for some of the mega caps that we've seen in the past, but do you need champions to kind of drive some enthusiasm? You do need champions. I mean, right now, I'm just looking at my screen now, net eases up 8.5%. So you do have some mega caps that are doing well that are generating that kind of growth that expectations around that have been really, really reduced as well. And China is trying to channel investment into these champions, as you say. AI is a big, big focus. AI especially when it comes to deploying that kind of technology for the military. And also for anything that has to do with competing with the U.S. on chip production and really shielding China's economy economy and innovation from increasingly difficult geopolitical attention it's not just the U.S. but the U.S. is also rallying its allies ASML in the Netherlands to kind of follow suit. But that takes time and channeling investment when the private sector is has lost confidence over the past three years. I was just in Shanghai over the weekend and you still really feel that the impact of COVID is very much still there. Not just COVID, but the regulatory, the punishing regulatory cycle that these companies just went through. So how do you, how do you really channel innovation? It's not just about it's not just about money and funneling funds, but it's also about confidence and that's a lot harder. Is China risking losing confidence of foreign investors? I mean, the confidence trap. It's not just investors. It's also corporates. It's also CEOs. It's also the investors. Very much on the ground. So if you're earnings calls and management's really upbeat, we're starting to get a little bit of that. But it's kind of put your money where your mouth is start investing. There isn't really a strong CAPEX cycle right now. It's very much a let's kind of hold on it and survive. And wait and see. And the wait and see approach from not just a few VOC, obviously. But also corporates and CEOs and the private sector, that doesn't inspire confidence. And to be fair, we didn't really talk about external demand, which may be slowing the global economy. May not be firing in all cylinders. Sophia, thanks, thanks so much for