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Transcripts For CNBC Power Lunch 20130715

Nyse. Thank you very much for having me. Lets start with the nervous side of that trade. Those retail sales figures which will disappoint so many people. Lets bring in steve liesman, our senior economics reporter. Steve, this is a huge disappointman after weve tried to get this economy going for so long. I think thats right, and i think when you put it in context, simon, what were talking about is two of the last three quarters look like they are on track to have been below 1 . Guys, we just calculated some of the incoming. This eats data right there. Can you see there 177 and the one below at 1 2013, the First Quarter there and it looks like if we draw the jennings one it would be below 1 . Guys, we just calculated using about eight estimates that have been changed today. The current gdp forecast for the Second Quarter, its now below 1. 0. 9 . It should actually be a bit lower in there because one guy in there, ubs, up there 1. 12 , thats the prior, and that is now down below 1, with

Cocoa Prices Finish Sharply Lower as Dollar Strength Sparks Long Liquidation

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