We don?t have scale to compete at a national level. I think our investor base will appreciate this.

We pick up a terrific business that replaces the earnings that we essentially transfer out. It?s the right asset at the right time.

It was more and more challenging to get growth from that asset. We're replacing a slow-growing business that does not fit into our core franchise.

We pick up a terrific business. We are replacing a slower growing franchise that does not fit.

The U.S. will add more jobs and I expect that will support the view that the Fed will go to 5 percent. There's enough momentum to take bond yields higher.

The decline in inventory suggests that production will start to ramp up and should lead to a pick up in growth going forward.