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You very much.
Fear higher tax high end plan minutes and overall crummy economy first splash it -- -- -- did not dissuade American consumer -- probably -- today.
From a government -- -- fifth -- December rose higher than economists expected but those economic challenges.
Are here -- -- so will folks continue to spent -- Nikki Baird managing partner at retail systems research.
Welcome -- important differentiator we got two sets of retail data today -- I just quoted was from the government Commerce Department but we also got The National Retail Federation.
Which showed a slower rate of growth in retail spending what's the ultimate take what how you characterized -- American spender right now.
Yeah I think uncertain seems to be -- -- everywhere you look and I don't think it's any different in retail I think.
Part of the challenges for all the good news there's a piece of bad news that seems to not trade up with -- and he's kind of muddled.
Barely positive results kind of play right -- that if there evidence that.
Now that we're in the new year payroll taxes are going up for a lot of people that that is going to cut into extra cash they have to -- about things.
Yeah I think you have to balance that -- with unemployment numbers are kind of going down a little bit so.
Maybe there's more people who have money to spend who didn't have to stand before it's sort of that too close to call kinda thing is there a link we're watching shares of apple.
Just plummet today -- iPhone 5 self made -- that's being offset by renewed interest in competitor -- -- But then you've also we're watching FaceBook shares -- -- so.
If that's sort of indicative of what's going on with people they don't have as much cash to spend so this is where they're pulling back technologies such a big -- about -- -- you Hillary.
Consumer electronics and technology definitely tends to do better during the holidays so if that sector.
Hasn't done as well as expected does not certainly would play into some of the results that you see on the other side of the -- furniture and home furnishings rose from the government.
-- -- percent year over year.
Definitely signal that housing is improving right yes absolutely and that definitely helps when consumers feel good about the value of their homes -- -- they feel like they can spend.
What are your forecasts for spending here through the rest of this.
Here could be I had -- guest earlier here in -- Tony you know we kinda could be better than some people are thinking right yes I think you know I know I was just at The National Retail Federation -- trade show that this week and a bunch of retailers are there and certainly.
Their plans are pretty enthusiastic I mean I wouldn't call them the euphoric but they're definitely more enthusiastic than you would expect given the holiday results that we've seen.
So I think that I think you know we're sort of green shoots were seeing some signs of a fight -- -- -- -- very -- it's so much for joining us today keep.
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