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HE IS GOING TO ACTUALLY TALK ABOUT THIS ISSUE THAT YOU REFERENCED, JOE, WHICH IS THE U.S. FEDERAL RESERVE LAUNCHING A JOINT OPERATION WITH OTHER MAJOR CENTRAL BANKS. STEVE JOINS US WITH DETAILS. HE IS ON THE SQUAWK NEWS LINE. STEVE? GOOD MORNING, ANDREW. THE FED YESTERDAY ANNOUNCED AGREEMENT WITH FIVE OTHER CENTRAL BANKS TO MAKE MORE DOLLARS AVAILABLE IF NEEDED AROUND THE WORLD SAYING THEY WILL PROVIDE ENHANCED TO AUCTION OFF SEVEN-DAY MONEY EVERY DAY INSTEAD OF ONCE A WEEK WHICH WAS THE OLD. A SWAP LINE IS CENTRAL BANKS EXCHANGE CURRENCIES TO MAKE MONEY FOR AVAILABLE IN THEIR BANKING SYSTEM AN EXAMPLE IS THE ECB PUTS EUROS AT THE FED AND THE FED PUTS DOLLARS AT THE ECB NO LOSS TRANSACTION. IT IS QUICKLY UNWOUND. THE QUESTION IS IS THIS NEEDED OR PREEMPTED NO INDICATIONS RIGHT NOW LIKE THERE WERE DURING GREAT FINANCIAL CRISIS THERE ARE NO INDICATIONS OF THE DOLLAR SHORTAGE WHICH IS WHY THE PLAN MIGHT BE DONE IT HAS THE SUGGESTION IT IS WORSE THAN IT APPEARS WITH THI