I think the Wall street investor are finalling getting down to the reality that this may actually go right down to the world if you think about the row gold safe investment in the world and you can get none better than US treasury bills but when the credibility of the US comes into question particularly there is any even outside prospectors that the Us might not be good for interest payments. You start damaging the credibility of Us treasuries and that's the big concern. It's the deadline get close. Peper Rime.

Let's look at the markets now. And those losses on Wall strees overnigh. The Dow lost 133 points. In London the FTSE rose 41. To commodity markets, West Texes crude is traded at 101 US dollors a barrol. Tapis crude is at 120 US dollars a barrol. And gold this morning is at 1283 US dollars an ounce. The Aussie dollar is buying 95 US cents, 70 Euro cents and 60 pence sterling.