Consumer statement is breaking right now. Let us get the details with mike mckee. Little bit better news. Consumer sentiment is up a little bit from last month. The preliminary michigan numbers come in at 72. 8. There was an expectation that it would slip given everything that has been going on. We have seen an increase in expectations and the current level. Is 80 2882. 5 and that 82. 8 and better than what was expected. Level rises, and it had sharply declined last month but people are feeling better about the economy right now. Sales . Hat about retail we are still spending a lot in certain areas especially on ecommerce. Guy nice shoes. Alix thank you, i am glad somebody notices. Compared to last month it does not look as good. Mike the numbers did not come in as expected, but the trend is dead, a slowing during the month of july of 1. 2 after an eight point 4 rise the month before. 1. 9 down,mber at the retail control group, 1. 4 after. If you look at the june numbers, and retail sa
Lot of sleep last night. Equities have sold off in the last week. Equity futures are again in the red. Jointing cks are joining the 20 club. These companies have seen stock 20 . Ed wendy percent more on the markets, i want to bring in mike reagan. What is going on . This got us all by surprise. It was intact stocks and now it is broader. Stocks and now it is broader. Early march, late february, we saw this rotation out of the high valuation momentum stocks and rotation into boring, traditional stocks. Etfly, the industrial brought in the most inflows ever since it was created. That rotation last and for a while. We have seen more selling of the high flyers without as much rotation people are getting out, basically. Is this the start of a meltdown . It is hard to say. Goldman sachs but a firm, precise number on a chance of a 10 correction. He said there is a 67 chance. I dont know how he gets that number. Apart from that, he expects the market to close up a little bit. We could see a re