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Welcome.

Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene with David Gura.

Daily, we bring you insight from the best in economics, finance, investment, and international relations,

find Bloomberg surveillance on iTunes, SoundCloud Bloomberg.com, and of course, on the Bloomberg.

It's a pleasure to have with me in studio,

Alan Ruskin, co-head of Deutsche Banks Foreign Exchange Research

team on a morning when there is so much to talk about.

Alan, let's begin with oil in your most recent note.

You talk about the degree to which this is really the big macro driver right now.

Yes, it is at the center point.

Keep in mind that we did obviously see oil fall very, very sharply.

...