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Transcripts For CNBC Squawk Alley 20180214

Planned for by investors lets bring in david rosenberg, and scott ren from wells fargo you got me david, let me start with you give me your reaction. Dac david, give me reaction to this mornings report right can you hear me okay i can hear you, there was somebody else in my ear as well. Somebody ordering pizza, i dont know may have been look, i think that it could be a stretch, inflation, we have a situation everybody believed we would get a first big quarter because of the tax cuts and income gains were going to see, without realizing a good chunk of income gains are going to be siphoned into the gas tank, what the retail sales member told you. So much of the Fourth Quarter premised on Consumer Credit binge. The fed report highlighted that yesterday. Bit of a credit hangover and relentless increase in gasoline prices attracting the retail picture inflation number i think wa ....

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