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I am Erik Schatzker. I am Stephanie Ruhle. Let us pray again let us begin with economic news. Fact deal factory orders are out. Michael is with the headlines. Is particularly bad news. New orders are down, the biggest decline since 2009. Everybody has been very worried about what would happen with capital spinach is going into the year, particularly in the oil industry. Capital goods orders excluding aircraft for overall business investment, down by 9. 3 during the month of december. We have seen that all Companies Announced week after week theyre cutting back on Capital Expenditures. The question is does it cut back on Capital Expenditures outweigh the increase we get in Consumer Spending from lower gasoline prices . At this point, it is about a type. We have to break down the numbers more and see whether december was a particularly bad month. Right now, it is not good with a three point 4 decline overall in Capital Expenditure cuts. The negative hits the economy faster than some of t

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