We' and NOW (3 letters) 'are' are two words in the phrase 'WE were in the present?'. The phrase is a question that is asking if the speaker and the listener are currently in the present moment. It is a rhetorical question that implies that the speaker and listener should be living in the present moment, rather than worrying about the past or future. The two words 'WE' and 'NOW' are used to emphasize the importance of being in the present.