Number. Headline gdp growth is in line with what everyone expected. Government spending data, quite strong. There is some upside risks to the economy. The consumer and the labor market side of things is looking good but manufacturing is under pressure. There is clearly a pretty significant dislocation between the industrial economy and consumer economy. It is the composition of the data that is worrying the fed. There are pockets of weakness. We do see a further deceleration in the u. S. Economy going forward. Ultimately, we are moving back toward a lousy trend. Jonathan joining me around the table to discuss is marilyn watson, bob michele of jpmorgan, and george bory. Marilyn, you know how this works. You pick your bias, look at your data, and confirm the price. There is something in this for everyone. Marilyn thats right. The data was as expected, shows an economy that is still very healthy, decelerating to trend. It is above the feds own expectations of longterm growth. You saw very