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The other thing is this whole iPhone.
Cashing that check he gets out of and they heard the story Thomas later depositing a check with your iPhone I think this is really just need to take a photo of your check and -- you do what you're check.
-- -- -- You just take a -- gig iPhone camera to your picture your -- -- -- -- deposited right there through an application that's technology work I think those both those stories are kind of cool.
And you know and I think that's -- -- They we British are we glad to have him back -- another round of applause again to be standing.
Thank -- -- off all last week to leaving us kind of high and dry Robert.
Good to have him back thank you very much of the -- so I don't -- your checks.
I think it Lhasa I gotta watch out of that that's the next thing you know good points -- -- -- -- -- granted yes security issues that are right because everyone hasn't must.
Phone and our camera phone of some sort -- carry around so that's true other the whole elimination of -- -- deposited check the have a and is very checks that you haven't and direct deposit yeah.
Sounds pretty good.
No I think in the end it but it's like anything else it did.
The usually the the new technology has some issues but the technologies we outweighs the end -- at some point they figure out -- way around -- big guns hitting fourteen bucks -- calls over the phone or something right.
That was products it.
And even include -- put -- price tag and ticket price tags and yes.
Market you know -- -- such a nice chairman -- -- stayed away this week as well and I you know got back up to 1000 level we talked about that how the market the S&P 500 really seemed to.
Went ahead of that traders are saying -- like a moths to a flame the -- moving higher last week as well we're what ten month highs.
On the major averages as of Friday's close giving a back a little bit this morning and and we -- talks as you and actually do on.
The early morning show you an eye on the ship Connell frequently on Monday's there and and -- as well about whether or not we're gonna see that pull back now yet.
Kudos on four straight weeks of gains but certainly McDonald's I hit it one of these weeks yeah -- we'll get to McDonald's sale estimate the rally were up 50% and in what -- 151.
Trading days or something like that the biggest rally.
Everyone's going back to the 1930s yet here again just like last -- on the -- again.
The question -- obviously is sustainability and well we're not gonna have some time but clearly people are worried about violations now because we've seen earnings -- -- companies we know we're slashing cost cutting jobs to get there.
Revenues have not been keeping up so does that continue into the fall lot of concern about what September and October roll around we've gotten through earnings.
Which we don't see the economy continuing to expand whether or not this rally we'll have -- -- that I'm sure you'll hear a lot of debate on the boards.
Any second now about that as we go forward and but keep in mind as -- point out this morning -- -- down 20% still from where we were September the twelfth at the close.
Which was before Lehman Brothers collapsed and had AIG Fannie Freddie all basically in a week's time in and the world as we knew it.
Changed forever basically.
It did so we were not -- only if you can sort of decide where you are you know obviously you're -- you say look we're still when -- -- that if -- -- you could say well look at these valuations.
You're still paying him a pretty penny for the earnings it.
Exist as we know them right now true true true so we'll see where this rally kind of -- today's a flat day move down a little bit 25 right now.
On the council to act that you brought up McDonnell a lot of McDonald hormel does food stories kind of big one yeah I -- McDonald's still -- -- you know they were -- by July same store sales vs a year ago higher than they had said they would be better than expected -- cafe this process.
Seem to be helping out coffee drinks that story continue to have legs -- will see that continues you're really strong at 7% there and actually must be -- by exactly right in the mornings there for some kind of on the breakfast.
Might actually say more about the European consumer right it is interesting I first saw that I think are this is it you know we've had many conversations about how -- -- much rougher spots as far as the -- go -- If McDonald's sales are up one could extrapolate from that bad the consumers -- under pressure still in Murat.
And that's why they're flocking to it's in the cheaper menus as well I mean you have the whole currency exchange issue and all of that for McDonald's that.
Just curious about the continued.
Surely not but for the consumers and in the prices obviously don't fluctuate nearly matching -- -- their sales have been better.
They were heard a little bit by foreign exchanges so yeah there and in so many markets.
It can help but but hurt a little bit but nonetheless Europe was really strong US actually stronger -- wasn't units a month over month.
More people going to Mickey d.'s so we'll see -- that ticket -- in hormel spam maker.
Raising their fully air force guys that are in that sample -- -- -- -- is destined to miss lunch he would have.
All the snakeskin like ten Big -- and -- you know now.
Cafeteria at the end but that try and actually have perhaps scam women have to do a live spam tasting on our -- -- weeks I think wants.
I don't think yeah I mean there's a lot of different -- to spam.
How do you know that because I did a story went because there's a spam fan club one.
He hit it if you -- this.
And local now would this be okay is similar it -- this spam.
-- clad check it out it's actually exists that not kidding and there's different flavors.
-- should do it.
Even giving a thumbs down so I can't -- -- would you taste good that's it in -- PM on sat EDS okay bar anyway so I got through that book that's true yeah.
The week from Wednesday -- and -- just fun to -- to get back the last play their best -- I Goldman Sachs really get from their conviction -- never a good thing for stocks and you know a lot of concerns about people continue to by -- -- and electronics as we go forward yes bomb better than what they can innovate to start hanging on not that depositing checks that are not as interesting as spam obviously percent.
I'm not quite yeah.
Cranky -- has ever take your fans -- guys.
Thanks Robert Bryant had -- -- spam have you had spam -- so where does this question and I have tried it before but -- Unfortunately wasn't a fan it's.
OK I would about what do you make sure the movements for help -- -- mcdonalds today.
I -- in general about you know the food companies continuing to do blushing as well in the second environment -- -- -- anyway.
Let's -- actually won the rest one section that we do like it -- is the restaurants in general we're really think that was the economic data some -- -- things coming out restaurants and retailers have led us off the -- little consolidation last couple months recently breaking -- again.
So that really gets further confirms what we think that -- major major bottom made in March consumer slowly coming back.
I really do think the restaurants is an area that you -- -- we've seen leadership from we're seeing and that's really good for the market going forward.
-- specifically -- do you like I mean in a restaurant as a casual dining daylight over others like cake for example are no Brinker International -- Eli.
But that's exactly right we do like the casual diners cake Cheesecake Factory for example what we like about -- stock is up significantly almost 90% year to date.
Issue for so we do our methodologies based on following the -- -- price action it's obviously a positive price action.
Now looking at the sentiment on that naming another restaurant names there's a lot of shorts coming in on his restaurant named as a rough so much for what right overvalued yet beckoning to further short covering rallies but also interestingly specifically are Cheesecake Factory.
Seventeen analysts -- only three bodies so let us and you see something like that there's a lot of room for a -- potential.
And restaurants in general we've fallen 32 sectors of -- first restaurants are one of the highest sectors we follow looking at the analysts ratings in terms of bearishness is still a lot of room for -- on restaurants in the us again that says -- -- go higher and restaurants and retailers those things to a -- leading coming out of them labor market like we had.
And we think that we'll -- for the overall market also.
-- you guys must be fairly confident this whole recovery story maybe not that it's gonna go crazy that this and it you know -- real -- But the fact that we've turned a corner or at least that's what it sounds like.
That's exactly right you -- know we're back in March us all if you associate -- bullish fortunately there was correct.
And couple months ago so we're looking for little sideways consolidation that -- happened the last four weeks obviously we've broken out once again but the bottom line is that 950 leveled us on the SP 500 was a very critical level -- resistance really since January.
Broke above 950 and now -- really think we're going forward to this market really could see some nice appreciation going forward after the throwback seventh.
Has some pullbacks -- resident and in just to be healthy and over so let's just say keep it on the season not fifty -- -- -- was key we got above a thousand.
People look at 12100 is being that -- kind of Lehman Brothers level where we where we're still not back there even for the rally that we've had this crazy as it's been.
What's the next point of that big -- that you could see a pullback kind of taking shape and if so how deep and then weren't -- Sure.
Well right now we do think writer on that 1000 level also get a little technical from the October 17 to -- recent march bottom of 38% retracement which is a common retracement levels right around 1014.
That's got to -- -- we got to try to pull back today so yeah we really do negotiate for we could spend some time consolidating above around 1000 but you mentioned we've gone straight up and -- pull back.
Would you also look at the facts since I believe this is July 7 bottom the worst day on the -- we've seen is down 39 points that we had in the negative -- but also -- is it doesn't want to go down it goes up they go sideways singles up -- sideways and really when you look back at history.
-- -- -- studies we've we've been doing say that's extremely bullish you look at the S&P 500 it's above its 200 moving average by 15%.
We -- back and at some studies it's a very very rare happens about once.
Seven since 1977 about ten times.
But the studies show that's actually more bullish over the next three months even though we're so overextended so it's arbitrary way to look at it but history says overbought can become more overbought obviously is what we're seeing -- really do think that -- continue but in the real short term next two to three weeks.
Definitely no major drivers out there earning season over -- you know some economic data coming out for really we think.
What no major drivers in place just at my side with consolidation.
Maybe you'll pull back to that 950 level can be great fun opportunity I would expect to go any lower ninth fifty because all the way up the service resistance should service and support -- -- -- down if we got -- You know the Wall -- -- on interesting op Ed today that was talking about earning season overall and where we're actually seeing real growth and end -- author and said that really.
The expectations for earnings season were too low inventories haven't had so much.
And yes we've seen these -- bad these -- for a lot of these companies but that's not sustainable going into the back half of the year -- author -- disabled missing growth.
In the back half of the year but that growth is still gonna come from the connection the US has to overseas markets not for him.
Our domestic growth police your thought on that because we're getting had to -- we're -- -- to have a quiet period -- -- normally are.
At the end of August the -- gonna go right into another -- she's -- so.
How how did those kind of -- where there's emerging markets vs the next earnings season when he focused on right now.
We'll -- as we really like to see that skepticism because again we follow anecdotal -- recently Newsweek had a bearish.
Both cover city the recession is over now can you survive in business week had -- problem baby boomers were in trouble -- are seeing negativity in the anecdotal -- is what we really do wanna see that looking at earning season I believe it was 72% of stocks beats on this recent earnings season I didn't.
Expectations were definitely too low but that's not bad is that the contrary and -- -- -- is bullish we'd like to see -- low expectations of us we wind up latest that we could very well -- was for a time being here we're going into the next earnings season.
We want to see more talk that says exactly that the consumers tapped out too much debt.
Lot of problems out there it's probable we saw four weeks ago we're really kicked off this massive rally that we wouldn't mind seeing that structural begins -- I have foolishly.
What kind anecdotal talk to -- has had.
Well let me well into our stance is bullish now internally and -- talk from saying what we read in -- -- -- -- -- dirty hands.
I mean and -- that -- so I mean as far as your organic thinking not based on those candidates out there everywhere where do you take get a real stands and where this market is going or is -- down -- this and get to your mentioning.
Yes what we do as we look at that we trade shorter term -- us we definitely think before in the year this market very well could be up another fifteen to 20% from here.
Well because we -- -- short term we -- we -- -- look at it -- -- -- slow slices fine slice of time I would just wanna see that man who negativity continue to come and tell you talk about negativity there are some reasons that we are a little concerned what we think we could have some consolidation.
Look at the KI numbers which are that analysts surveyed its highest level -- since may only -- it was not a pretty good time to be long.
Also -- that -- look at the option data that we -- options very closely options traders are very very.
Very optimistic and we know option triggers usually at the extremes can be wrong so -- two reasons little too much optimism.
In these polls and options that make us think we could be haven't -- back here but again at the very least we think maybe sideways consolidation because that balance has been so very strong so.
The reasons you as always abortion -- side but we definitely think longer term.
More just -- way to play this here you know plus get this is.
Just the general public it seems.
Few groups happen and we -- we we see it on I think we see that live on our comment board a lot of -- emails to people send them we have -- -- on our website now -- just.
-- not even close to being scientific and and you don't know the sample these types of things that we choose to read it but how much longer do you think the recession will continue and six -- -- 1060%.
Of the people there were poll said more than twelve months.
Do you think about that logically and of course these people aren't defining recessions -- economists do.
You know most likely the recession is already over or in you know in human made from when they post dated and everything else and I know that doesn't matter to people because they're probably answered -- what they feel.
From recession how -- their own finances field but still that's a big number six said -- -- that it's gonna last more than a year that is still going to be a tough time for them.
Well that's exactly correct it is interesting stat that we noticed back in 1982 in the market made its bottom and all of us -- to -- -- the Dow bottomed went up 60% the next twelve months during the next twelve months.
Jobs numbers actually decrease on -- jobs are getting worse and had a 60% balance and a year from 82 Augustine and following all -- -- -- got worse think about what we're seeing right now we've got a 50% -- -- jobs aren't getting much better they dig a little better last month we really see some similarities to the early eighties.
To right now although that I have some numbers manufacturing -- strong some others are strong when jobs are getting better so the us jobs are really what drive the economy we know that but we also know the markets forward looking.
So that tells us again we really think there's more positives and negatives in this market when you compare to what happened early early eighties for seeing it again right now things.
What you said a couple months ago legality you.
And that -- and we're glad they're back down again so we'll see soon -- a follow up with you especially as we get through the last couple weeks of August ninth annual earnings season.
I'm talking soon.
I appreciate that thank you are humbled -- -- coming back thank you guys great season ranks right -- out with the sun -- he was right about the markets that's a good point remember her like nag your crazy crazy -- -- -- management -- -- We have they have a challenge -- that he can't just have a say it.
We -- aren't we always it and what the deficit best you which one challenge ever guess in some way way -- -- Monica don't different yeah.
You know we need okay you're -- -- participate really get the decision -- more more so than usual on this next stories of see whether that people would really.
You keep in -- -- color -- him.
Would you want us to Australia first how would you go about your body's coming up -- -- that Jessica Caldwell from Edmunds dot com as well but this is dot com live as we.
Continue we'll go right.
Thousand different companies have their products sunny day.
And now General Motors is really the latest creating a lot of buzz about what they're doing some bodies here and tell us a little bit about what this is like what is going on here between GM.
-- -- -- -- Well and it's you're teaming up to start selling vehicles on eBay -- motors a web -- -- guys that are I'd just asking the question people go out there.
And buy a car online is part of the -- -- -- he now they quoted a JD power & Associates study which site 775%.
Of new vehicle.
Buyers in 2000 and -- used that wedding during next shopping and research process.
That's -- from more than seven.
So what they're trying to do is.
Catapulting capitalize on on this trend is growing trend of people that are using the -- and to buying vehicles now -- the bigger question is when people used to -- the -- -- to the to help facilitate and buying.
A car but they use a wet directly to buy -- that remains to be seen but -- and -- are betting on people.
Hopefully doing exactly that announcing a test pilot program that skinny -- got.
It's a pilot program that's gonna run through September 8 this is only for California buyers all -- Californians out there.
Are in -- you are going to be able to test pilot test drive it.
That this new program 225.
GM dealers have already signed up in this state that's out of 250 -- pretty good sign that.
Percentage there shoppers we'll have -- take up more than 20000 vehicles.
Certain brands and lions will be available including Chevy Buick GMC Pontiac tracks.
EBay says -- use and purchase their vehicles using certain transaction at net and say you can currently -- on eBay including the best -- for.
And -- it now features so it's allowing users out there Connell and -- too well just by the sticker price directly whatever the prices listen you can just click and buy it immediately or -- You can do the best price best offer feature which allows you to have sort of an option.
They're trying to get people -- flexibility in different ways of buying new cars.
And GM has come out and said that if this works this is going to be something they're going to be rolling out all across the country.
We have -- that's who had not said he wanted to try to malls trying to the biggest state you're.
Hometown they like mode I think there drivers in -- -- yeah I'm sure some of number but this shouldn't be -- how would you.
That's Florida real people and -- But I senior citizens are going to be weighing in and make declare that it may I -- -- the other vital that the crown Victoria's.
Anyway yeah that they will be buying on -- Thank you should Bonnie good to see you talked -- soon.
-- Jessica Caldwell joining us from Edmunds dot com she's out there in California give us some perspective hearing Jessica.
-- nice to see after -- on set a few weeks ago says great to see back again.
Camilla out when you can't you just put out a press release said Edmunds dot com that said that you're really interested in this option.
This new option that is the -- the -- now -- -- you explain what what kind of makes interest in that part of this whole deal.
I think the -- -- prices that actually by the dealer what we've heard is that -- action in India that's a higher price of what GM friends families and suppliers -- -- whether or not that actually happens.
Where is -- you know dealers I mean they can really do what they want and -- not sure how much GM has actually -- -- police.
What their offer prizes for that but it should be -- at a reasonable price the smoke and you get an update if they -- a plane which they set it to higher than senator MS therapy.
Consumers are -- an interest and I think this whole thing is just.
Gonna fall posted messages saying see you think that that really is deep.
Well almost a tipping point of all of this is -- at this -- now pricing it might be a great deal right.
That could really work for them but if it's not -- -- into your point if they -- the supplier pricing you go to a dealer lot and you drive it and speaking get a much better price and -- -- why would you -- he.
-- and I think you know -- also you know lends itself to.
-- more exposure and people can also see that you know you're fair dealers setting at a fair price.
And I think that they would be mark I think people don't want to have elevated wanna go to -- -- -- -- -- the dealership and have a good experience up it's set up.
At a good price I think it'll be successful for -- Yet there are some people.
Does that do actually like -- -- Hi I'm not not one of them I now and I saw the bison you know ducts putting a price and exactly -- -- says he get a pricey think it's fair and you -- so I wonder.
-- -- what degree and this is we're really early in this process but -- you know kind of looked at and I'm sure thought about it.
Jessica to what degree -- -- like this -- real big game changer do you think in the car business.
I think it's going to be a bit of a mild one in the beginning -- -- only limited first stop and I think a lot of people are comfortable buying online -- doing their research online obviously AJ just sad.
So I don't think this is going to be changing the way yet way people buy cars because -- still essentially buying a car from a dealer it's not a very GM is buying.
You're not buying directly from down -- -- -- still the same traditional channel you're gonna have to go to your dealerships I don't think this is game changing.
Why yeah it would help the -- said yes yes you -- logic can number one miss all these dealers might not like people buying online but what do you say they're buying it.
From a dealer so is this a big help to the dealers then.
I think so I think the -- is also still like to have the control on me right now that this really putts that consumer in the driving seat that they can kind of do their research online get price and -- -- -- rather than.
Have a -- have the opportunity to go.
Talk to them feel like you know -- not a bed to a kind of car they want advice I think it is it -- loses a little bit of power in this case.
You know I think our viewers are writing with a couple questions asking you know what the negotiation process really is and also what you know -- human need to do to buy now option.
Do you have any sense of how long it would take to get the card -- would do they deliberate -- is that part of the cost curve for doing an online or how does our.
Government because I Korea I don't think -- they'll -- don't look at delivering anti I think it's still going to be somewhat like the traditional map that where you.
-- that the price that you still have to go and my -- higher paper or don't you know don't look all that area buying a car and then take your car homes I don't think it.
Quite as streamlined as people might think it's not gonna do you know and be delivered to your -- VA UPS are completely packed smooth.
Well I would be -- if you -- if you knew that you -- that you could buy it online and it came to your door your new car other driving up a lot of the new car -- you know I think -- -- citizen myself and that.
Pick it up -- -- drove off with the new car on the line we just I McNabb never had a new car well can conduct a.
I and it's now I've never happened and that is -- this kind of.
Now's the time to -- so I'm.
As I have been in hiding how I got not a California residents -- England yeah that's right I know I mean did they tell me -- this.
They should -- I was on eBay today.
And we can't have anything experience and Jessica what do you think though -- what is he elitist as I can be a big game changer but.
I mean so so why why do you think General Motors is doing this is something not working for the -- -- just another way to promote their brands -- on the what's the point.
I think it's another way to promote our brand that's a way to get some positive press -- -- about bankruptcy there are failing brands -- -- that sort of thing.
And I think you know also -- himself with it with -- -- -- kind of get them a little more credibility and gives them more exposure.
I think also you know going with California it's a big market here today you know I didn't edit -- -- -- below market share -- market penetration in California.
So -- give them a way to target.
A big place you know -- the bed and national press and a bit of excitement because it is you know gets us talking GM eBay big companies -- -- what's going on here it's there's some interest.
The exact cost tons of interest in people already commenting on and I could be wrong about this but you -- you gotta figure these things -- Germany's first and I'm never gonna bar car I can't see consider it.
You know it -- we replay this conversation it's funny years it will be looking at us like we're -- They think they'll be no car dealership I mean it'll be replaced -- steak -- is for whatever reason is only steak house the car dealerships in certain roads there'll.
Next to each other I'm going to classic cases -- New York.
Car dealerships at some point will become you -- did they'll -- might be a place you just pick up the car.
And you won't have to deal with the nonsense -- going through it all day but everybody wants to defend these things -- -- relics of the past before technology was there that certain point.
Will become obsolete not tomorrow not next week but at a certain point and it's really -- What what religion to an event.
Independent dealers are saying that they other dealerships that they wish people that which I'm just saying which what will people care about them like what what I care if I know would be I don't care as long as the car looks good.
So at certain points when people that are used to that way of living Jessica I know you think at a certain point that people -- used that way of living and having this relationship the local did all this kind of stuff.
When those people are no longer buying cars when its people that are younger probably than we are right now that are buying cars years and years down the line.
They won't care about that will they because they -- they've never -- People who they don't think that way.
Yeah I got up on -- we're going to -- -- I think the only relationship I think dealers are really are concerned about as a service relationship have you had a good relationship on the selling side.
Then it leads to more service business and maintenance as Manson but I think you know why not just like kids that I mean you know twenty years from now -- -- Carlisle I think -- is -- -- just you know pretty reasonable I think a few years ago we went about shoes -- clothes online now none of us have any concerns about -- I think it's going that way yes but it's gonna be slow because the car is a big part Kendyl Jacox.
You can return.
Things online very easily can think.
-- hit every -- Frontline you can return things -- we have Eleanor they'll work that I ever got -- -- -- if it doesn't fit and normally the best online sites let you send it back for free insurance at this point to what can you do have a Carolina I don't know the -- and he -- -- like it is tested out -- that absent -- some some sort of an agreement weren't.
If I was General Motors and I mean -- I'm curious about what you've heard Timmy OK you -- a lot of dealerships right get cut at least start some of them are still fighting to stay open.
But you could really take your General Motors -- then the newest ones out there take five of them.
Go to the county fair give people of the heat you know let people that run the parking lot with that and is utilized as let's have a show you you know and and just get -- -- and if they keep the price a supplier prices you mention online then.
And maybe they would go for it if they can get financing everything else it seems it would make a lot easier your bank it online he can do down lifers through eBay right.
But we'll see I guess yeah.
Take a picture the chicken -- your.
That's the story we're doing anything in the car business we should be paying attention to get as we have our eyes and the story real quick.
Is there anything -- -- going on that we should pay attention to from the market fared a car.
I think again we need to watch those transaction prices of what we're paying because we're seeing prices creep up and up and not just for particular brand market -- cash for clunkers -- Really diminished a lot of fuel efficient inventory out there -- -- We all think -- and this summer -- a great car buying time because data models are going off we're seeing those prices rise inside say let's look at look look at where they give up by Anna Carlos looks seriously now rather than wait till later good points.
Don't forget about that and -- going on thanks Jessica appreciate it.
Thanks guys to.
-- Jessica Jessica Caldwell from Edmunds dot com out of Santa Monica where they're going to be some cars and keep them there right.
-- anyway we're gonna talk about them back to school shopping now for the next -- it's getting to be that season.
Wins that and again I think this is what makes it the second biggest one for the -- behind the holiday shopping so what does it look like what are some that trend.
Are rolling right along -- -- -- -- dot com live -- a lot of ground goes interest in conversation and and everybody seemed to have -- weigh in on it.
About whether or not they'd be comfortable buying a car on the Internet.
Maybe not tomorrow maybe not next week but certainly at some point seems like number of people are open to it.
Progress right anyway let's get on here talk a little bit about the consumer James Russo is with this for vice president.
Global consumer insights at the Nielsen Co.
could see James -- that we're gonna talk about back to school and then in the shopping season and the kind of the it trends that at this point.
Are -- you guys -- numbers company you're looking at.
What people are buying -- the buying of what the percentages are vs last year what's emerging so far were early on I would think and we're beginning to August now people really start to think about what they're gonna buy.
-- different last year in anyway.
It is from a stamp whatever expecting any.
Slowdown in back to school you know consumers are very focused on cost savings initiative they really managing the budgets very closely -- as they have for the better part of a year shirt so he just thinking about back to school though is that you really see that split -- -- between essential necessity back to school consumption books notebooks folders in those items actually doing relatively well.
In the value retailers.
But the discretionary items apparel most notably continuing to struggle as we move to back to school so.
Consumers are very focused that's interesting because you have the kids obviously need to Wear clothes to school but the ideas that -- -- -- more hand me downs or whatever the case may be as opposed to -- that.
The latest trends so which companies are set up to -- take advantage of this it's it's those that are selling what.
Well it's the companies that have been doing well.
Since the early part of 2008 so from a apparel perspective you're looking at a lot of the discount -- wal -- -- to a lesser extent.
Some of the club stores.
-- the stores that are really offering a clear value proposition that JC Penney in the apparel space the specialty.
Retailers just from looking at some of the recent seems to -- sales perspective right continued to really.
Have to work aggressively to get that consumer in the store with -- promotions and -- golf course and that's what we hadn't gone back to last holiday season the -- -- cuts for so big -- -- -- -- back to school any advantage starting early.
Related especially for the discretionary items again to -- back to school over two billion dollars in an item sales for back to school.
Is really holding up relatively well vs some of the discretionary it seems like a lot of people are looking at this back to school season is kind of because of all the economic data that's come out as this telltale sign of -- horror have we really turned the corner this'll tell us because.
Now we had a jobs report that wasn't as bad as we thought we have -- and other items at the -- -- maybe the worst is behind this and this -- that the recession may have already -- some economists say.
What will no doubt it what is the consumer really back.
During back to school what do you think the headline -- -- comes out -- -- -- I think it's a great comment because it's a little bit of a missed the misnomer from a -- perspective.
-- where in the world leader in the -- consumers and if you look at the economy clearly there are signs of recovery we understand that we get that from a consumer perspective.
For the past several months we have seen a slowdown.
And dollars and unit sales transaction size -- -- the spending per trip is starting to slow as Photoshop trips so and that's started when that did that do.
Has been going on for how long for the past several months also recently had a little bit an uptick first part of the year but he did it again and then has had driven by at the time so it was a series finale effect become of the holiday is Easter and so on and then after we got through -- I'm just trying to go get a time -- -- -- get through last holiday season and used.
It's starting in the early spring maybe it started to really fall are always an earlier -- sort of January through march held up relatively well as we start progressed through the spring and consumers became a little bit more pessimistic from.
About the near term recovery has long term the more optimistic.
Right near term when they're looking at that it's all focused on jobs that's really weighing heavily on consumers and we see that being reflected in their consumption that's funny I wonder if they'll shift at all because as some of the recent.
News flow on the economy that things are getting better I would think there's and the most economists is a little bit of a lag before those numbers that you see.
Start to reflect that went wrong maybe six months ago as an unfair probably shorter than that you know we track over three million online blogs where -- where tracking recessionary mentions and recovery mentions across consumer so we see.
Actually decline of 50%.
Of consumers talking about online the recession vs the recovery so it is starting to decline.
Okay dead and 50% from wire to -- march suffer Marshall met late in March they were 50% more talk of recession -- the -- was the peak as as the equity markets start to turn.
That's when I was gonna say in Barcelona so it's really related people are starting to feel better -- their 401K plans are coming back to feel better and rookie of the missing element in this and may be from last Friday -- it is a good -- I don't know that takes longer to get a trend not a -- -- the jobs you mentioned that earlier unemployment keeps going up you know.
Begin this report notwithstanding it's still expected to grow up from this point now that.
That will take how long to translate into pitted or in other words that holds down consumers even one other things -- doesn't.
What we have seen as it does hold down the consumer.
-- two ways one the psychological component consumers who won the qualitative research that we do bring consumers want to feel better about the economy your economy starting to turn -- will open up the wallets and pocketbooks a little bit more quickly at that point.
And that's also the direct effect.
-- -- -- have been let go I mean these jobs yeah court although improving are still very weak -- was not just your neighbor could -- you mean people that are out of work Robertson outspent again at this point it's a fairly significant.
Portion of the population 101 you know one -- -- ten people you meet supposedly got to -- and higher than that in some certain states that are.
That have much higher unemployment rates and that so you wonder like piecing all of this together what the next big step is for the consumer.
Will it be.
Maybe the holiday shopping season that they really come back enforcers that too much because.
-- everyone keeps coming on telling us you know what would stop stop looking for our recovery like you've seen in the past this one might be different.
Jobless recoveries mentioned it may not be stronger recovery for consumers -- saving more so is it.
Tough for you to compare statistics you have in the past what's happening now.
Well we do you know this is clearly a completely different economic cycle yeah and the whole aspect of a new norm emerging is.
Definitely what we hear from consumers clearly resonating so this aspect of of what will the recovery look like.
It's very very accurate.
And what we hear from consumers interestingly enough is they can't wait for things to move back to -- Well what is -- know doesn't -- exactly right so that's why we're seeing a continuation of restraint.
And spending consumers who moved back to discretionary categories are telling us they want to go out to the casual dining establishments they.
The death we will do that but it very moderate measures to -- -- where is in 2500 savings rate was negative.
He got up you know.
Physicist -- it was Ohio over six of the last report report -- still four plus percent which it doesn't sound like a lot but it is for this country given the recent history we've had right.
So it's it it's a different mindset from a consumer you see or -- they talk in your service at saving money was suspending it.
-- do -- interesting thing about that is -- you know one they are more for more focused on savings but when we -- consumers globally not just in the US about their outlook for recovery.
Twelve months forward we're seeing very significant gains -- in the US right.
So still very weak labor market.
18% of consumers were expecting recovery July of 2009 that goes to 26%.
So this story.
If you can answer your question about back to school is we are looking for.
Some movement discretionary ministry holding out for that very focused on core holiday selling season.
Has the potential to surprise somewhat somewhat driven by promotion between ten.
As the economy starts to emerge we can see being a relatively solid year OK good enough classic I think it kind of dig -- those numbers and maybe get an idea what people are thinking thank you James to.
-- yourself from the Nielsen Co.
with us we'll talk more about that.
It -- speaking of jobs you know you could look at -- numbers are the same number to have a couple of different conclusions maybe two or three in some cases and Peter Barnes is gonna try to break down what's happening.
In Washington with the interpretation of last week's data.
That and much more coming up fox this is stuff come -- It would have been much worse they tell us without that stimulus plan being in effect there would have been more jobs lost maybe a half a million more jobs lost than there have been.
With the stimulus plan that's the word coming out of the White House Peter -- looking at the numbers and try to dissect all of this is well Menendez -- mean that's basically the gist of it right I -- we've heard this before by the way.
From Washington and the assumptions that's why people are looking doubted a little bit have not always been right but this time they're saying one.
They're saying the administration is saying that in fact there without the stimulus package the you know the the job losses in the second quarter which were one point three million -- actually been closer to one point eight millions of the stimulus package 787 billion dollar stimulus plan.
That was approved in February.
At least save some jobs but the big question mark here conflicts in fact this is that.
So much of that money is still hasn't been spent -- I look at -- recovery dot gov website.
Only 73 billion dollars of that money has gone out since July so.
Really how can the administration claimed -- -- that it's had added an impact on as saving or even creating jobs.
On the one hand saying I'll wait till we spend this money at the other hand saying well we've already had this effect in the money has been spent I don't remains out of my residence for the -- what do you see what this did not sit in Virginia just wrote in while you were speaking.
Can they prove it which is a good question in a lot of ways that I'm -- answers no they know they can't -- -- now prove having jobs and but.
How -- they.
I don't know maybe I don't know how well you can explain this in terms of -- economics home but how did they do these models mean what's -- what's the basic processes you understand.
Well this is the hocus pocus Alka may have the economic model again they're absolutely right so they take these different.
Lost this -- I think it's all the Balkans law and it says that for every percentage.
Increase or decrease in the in the GDP it has a point 4% impact on job creations blah blah blah.
You know it's a footnote.
In that report and the report that doctor Christina Romer the chair of the -- president's council of economic advisors released.
Last Thursday a day before.
The jobs report -- though the one thing that we can probably.
See -- a positive correlation between the stimulus package a seventy billion that's gone out.
An actual job creation is in local government because if you look at the July report and may and June is June as well and you look at the -- seasonally adjusted numbers for local government taking out teachers because a lot teachers go on furlough in May June and July.
Local governments have actually added over 250000.
Jobs now that's up private sector jobs but the fact is is that there's been a lot of government transfer payments to state and local governments.
Including some of that seventy billion and you can probably make an argument.
And and in fact.
The treasury department's chief economist Alan Krueger did this on Friday at a briefing on the jobs report.
He said the one area that we believe that we've actually created jobs -- stimulus money.
Is in local gov.
-- -- -- That is you know the humidity argument you want a function of numbers you can twist these numbers any way shape or form -- back from the Fox News Channel I mean.
I got -- and for blah blah blah -- right.
I asked I asked them to explain how they came up to these models for you knowing how many jobs can you save and Peter you put me in my place giving the right answer they have no -- -- make it up.
But you know basically that's the way this -- -- this event.
The reality is if you throw hundreds of billions of dollars at the economy right and not just of the stimulus package but also remember we've had the 700 billion dollar TARP program which started last October.
And you have the fact that really the fad.
Throwing trillions of dollars that the economy.
You know it's got to have an impact but can you measure it well especially anybody's book about your first point Peter -- that that a lot of this money in the majority of it hasn't been spent what you're saying I think there's an endless money.
Yes stimulus money -- how you saving jobs again for the money -- but then that.
Flip side the bullish case for the economy would be.
-- home when they do get that money out.
Then the recovery can really.
Take shape -- take off whatever the case may be I assume that's what they're arguing right.
Yeah and another piece of it though that some economists are looking at what economists from the Brookings institute it was in this morning -- for Fox Business.
I said hey can't exclude the impact of the tax cuts that middle class people got you know 95% of people out there.
-- didn't get pay -- tax cut in the stimulus package and that has been out there.
For a few months here and it's basically through lower withholding so wasn't a big check.
Our rebate everybody but.
Paychecks are slightly bigger for most people because of this and you know that that's gonna have an impact -- and that's several tens of billions of dollars.
Remember -- -- two -- stimulus package so about you know home 3400 billion a year some of that is tax cuts and and that's gonna have an impact as well on the account.
You despite all the talk about the stimulus plan and instead still going into the economy adds as it apparently it is slowly but -- surely.
-- Laura Tyson was speaking overseas and she was quoted in a Bloomberg article she's -- that the economic advisors for the president saying.
And they were discussing that idea.
And I can't remember the direct quote -- to be careful with that a second stimulus but -- -- their second stimulus should be based purely on infrastructure.
-- -- you heard about anything like that Peter about.
And the second stimulus spending and what it would be like if there is an emergency plan in place just in case.
Well doctor Romer Christina Romer on Thursday -- -- -- the time McConnell reminding him about this a speech she gave on Thursday about the economic impact of the stimulus package and she clearly left the door open for a potential second stimulus package down the -- the White House is not.
Really playing this up right now because the fact is that it will be very politically difficult.
To get congress to go along with a second stimulus package.
Short you know I depression 2.0 scenario because of all the spending that's going on for everything else including you know the Health Care Reform proposals in cap and trade and all that.
But but no nobody no Smart policy -- ever takes any option off the table right.
And so that's why you're hearing -- kind of talk about this a little bit because even though it's not likely.
They don't want that they don't want to rule any -- they don't wanna take -- the table -- just in case we do have a catastrophe of some kind they would they would they don't they don't want them.
They -- in the round.
Conversation that they need to eventually -- say something that's also complete catch 22 about that right because if you're gonna go down the road of a second stimulus -- -- have to admit a lot of ways that the economy's not performing now all that's why you needed.
Whereas now you know all the story about the turn in the economy security administration you kind of one of even though it might help you at some point politically wanna put that to the back burner and say at all -- yeah well economy takes shape.
Yeah and you want to wait and say -- an end because as they pointed out you know 500 billion dollars of stimulus money is going to be going out the door in the next.
Five quarters here in the and that's a pretty big.
Pump a lot of a lot of cash getting into the economy.
And -- to your question about tax cuts vs say infrastructure so called shovel ready project that's been part of the problem with the current package as a lot of -- shovel ready projects.
Really were shovel ready.
So if they do a second stimulus package will what do you do -- the problem with tax cuts and the reason why they only had about a third of the package tax cuts and two thirds.
In infrastructure spending and other types of payments.
Is because if people get a tax cut.
Will they spend it or will they save it.
And and and what we're seeing now is people are -- there saving -- -- rain right now so so from a policymaking standpoint if you want to make sure that money actually gets spent.
Probably better some economists would argue to put it into specific projects that.
That and and that money has to be identified targeted and spent so it actually does stimulate the economy and create jobs.
She and Atlantic monthly really click here came out with that not -- article blog blog.
They -- that really each again that the money UN insists stimulus you should give more money -- artists.
Because artist normally don't have a lot of free cash.
And if they get grants and they go ahead and expended and they spent it normally in Smart ways for supplies.
Or just for basic you know basic living needs and that if we really want to support a stimulus for the economy and -- -- -- starving -- -- -- -- -- -- Not all of us as a talented -- -- I think he would have been pretty good -- it is what it is both his choose quickly here's children's book online for people so they can see it but that's true thinking people know that Peter is hot like moonlight.
As an author.
No we actually have a cost -- one of the books online at the center for congress we took my wife's the artist that it's them house -- -- -- book we did.
Man is an online version of it the center for congress you can do a link.
Link to an end it's pretty neat they they animated -- -- music and everything.
All we want you know that help kids learn about -- our government works make them good citizens and all lets them do this.
-- the Mariners.
Felt good he is see -- as it turns a little bit everything that Peter Barnes.
Our thank you Peter.
Good stuff and so are -- against Kentucky tomorrow Peter guards in Washington are we were talking about the consumer with with James he was here a little while ago -- -- because I thought that you -- numbers and getting inside people's psyche.
Didn't -- you psyche Jennifer waters joins -- MarketWatch in Chicago to talk more about decided -- -- To of -- Back to school shopping right but you're right we were talking earlier about it's the second most important season of the year for the retailers and we sold a lot -- your recent MarketWatch article.
So how they gonna do I wonder.
And then just listening -- you guys talking with Peter about when people spend money or don't spend money and in that they did they have taxes -- not you know it.
How do they do it and what we're finding out what this back to school that has people just are not spend the money they're really really -- back on their spending they're not.
They're not getting you know designer clothes that kids they're not going out and buying a lot of different things that they wouldn't normally do.
I you know apparel for example of -- time to go lot by.
34 pairs of pants for example -- -- to go to school it.
Well now that Mayan one maybe two and they're not -- -- Nordstrom's or Macy's farm they're gonna Wal-Mart they're going to Family Dollar for their gonna -- stars yeah.
Kristen Benz came out of she was here and -- that Fox Business the other day and this is a -- -- very dismal forecast she said.
There is going to be no back to school shopping season which is with them -- similar what you're echoing in my and the things you point out is that.
Then and for most added that East Coast and whether we're Sinbad didn't.
A lot of people bought their summer clothes that they never got a real chance to use -- making -- shackled us into the fall with remains relatively warm.
And that was one of the things that she's it is really working against -- IT he's been asking us from the board of whether or not this is gonna happen so.
Is it back to school season is -- really going to be one.
It doesn't look like -- having The National Retail Federation sad.
A month ago or even longer than that that they and they were predicting.
Drop of about seven point 4% of that they like that her back to school shopping.
It -- so given that doesn't look like there is -- back to school you know time at all.
But you don't look back to school -- a time a long time it's July and you could be just August and September.
But now it's still alive because -- -- go back earlier -- -- it stretches out all the way into October.
Because a lot of people wait to see what the kids are wearing or what they've got before they gotten by -- you know kids don't.
They don't want you know they like it and that's something that not every other person I'm not the -- -- until I mean that you know those kids are.
We'll -- -- is not my thing like that connects.
There's also all that it has also -- a tax holiday thing their couple states that would do I have to acts thing in July they've moved that up to August so things like that Labor Day is a little bit later this year so that's having some impact things like that but.
I think what we're -- the whole time carried out we're we're still gonna see a ball himself and it.
Next question is what does that mean for the most important time of the year which is Christmas stuff that doesn't happen impact.
Two schools of thought that now once -- now Christmas is Chris suspect has gone back to school but the other is like listen if people are pulling back for back to school -- People tell you is not discretionary spending to kids need -- now.
As soon as someone advise setting one of my stories that get that putting -- -- -- I've -- appropriating to have my own lately is that.
Every session kids do not stop growing so you still -- -- I continue buying them things.
And so he does so you don't look so other people want to say what you -- -- pulling back and -- the schools -- you get -- they're gonna pull back and Christmas spending too.
Be great if you figure out a way to make it had stopped growing.
-- recession ended right.
And sometimes you my god I can't -- -- Sadr had stopped I didn't get I didn't.
Enter here is really great to Hampshire right thing about it right -- opportunity and actually.
But -- I didn't sit it there is a lot of talk about what's going on the retail strength of what's going on at the consumer and yet we've heard even conversations.
You earlier in the show that Iraq that in from Ryan Detrick and who is saying that you know casual dining for example to place that he needs to look at -- done relatively well over the last six months because.
You -- -- going up for these affordable luxury so is there space -- in the retail sector that we're seeing that same sort of activity.
Well I think -- if there -- it's only in the discounting that the dollar trade.
Eight at Family Dollar that 99 cents Wal-Mart of course we not been doing.
You know phenomenally well -- target which is a little bit higher price so I mean we know we're seeing it there but even the -- restaurant thing.
I'm working on a story right now about how bad that industry is and how you know what restaurant tour they're doing their job people land.
And it they're going well beyond just coupons right now which is you know what we typically expect I mean they're doing things like they're giving out and I need to get.
Entree for example at McCormick and -- And you can get that movie ticket for five bucks which is it.
Phenomenal deal considering how expensive it is to go out you know see a movie -- -- So they're doing a lot more creative kind of promotions than that we're doing in the past because so many people are pulling back even -- I'm -- affordable luxury.
Maybe they should hand out -- -- else as you going to be eaten dinner on the -- yeah authentic and if you didn't the only ones who sit at the.
Yeah actually in the lineup company's CC's -- that the franchise and the it thing where they -- real booklet that killed coupon.
And I -- the grinding pick -- -- but with a coupon.
For things like staples or are you don't shoot I shook my son the help that parents went back to school stop.
I think that sounds like a good I think that.
You have a lot of a lot of partnering up like that with other companies outside of the industry a lot of that's going on -- -- I think it is so you don't.
Sorry I think I don't -- know everything about -- -- if you put up together and you look at what's happening in the back to school shopping you look at the restaurant industry.
You know when you and you look at even as Peter was talking about you know getting that that tax -- getting a little bit bigger paycheck which I'm sorry I didn't even notice -- -- paycheck.
But I mean it it -- pull other things together and you really city.
That unless you do have a program like that cash for clunkers then are not gonna not spend money they're gonna -- and that cannot hold tight until they see you know some of some real -- of the recession.
They're really gonna wait for this good deals -- good sales NCAA partnership between.
-- -- I gents thank you so much we looking for data other articles -- thank -- travel dining coming up.
Foundation Jennifer waters of MarketWatch now the other story wanted to talk about today this idea depositing a check with your iPhone.
Yeah not just free it lets -- they're gonna -- to give up next thought this is -- -- Yikes he's come all the time because he's -- is never with us iPhone but I really am glad that -- -- and as a prop.
That's right community it's a conflict us -- -- quickly and they before we get to our next guest.
Would you fly deposited check through his photographs because you know I don't have an iPhone but I definitely -- -- Blackberry and you can easily take you take a picture of the -- and the back.
And that's the way that you're able to deposited you can GOP every -- please check depositing over the phone had -- -- that.
John and begin in the round and number -- yes -- in any given the numbers and everything you have done it makes.
Yeah -- -- gotta get into negative read the whole.
But it's not I mean it's up -- everything out and the melatonin.
You can really -- that he would happening start off so well yeah vacation all -- and -- Finishing in the show which is downhill from here it's well you know the story is another generational thing you -- -- get.
-- folks are gonna got to go to the back with my check and then the other more sensitive to anything on the road so -- and that's true young hold the people and it's -- -- -- -- Ahead the kiddies get about a guy who cares no big deal the scientific picture of it not -- -- go to the steep bank.
But I can't go back.
Ten has a good question what is the cost of the service I don't know there's a car as their costs -- it's only through one bank -- now.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- So they have a whole way of I guess you know I have to get the picture you click on something and goes right in there.
And that's the end of it I don't know what the cost of that happening today charged for the app would have to look at that and in fact the bottom as addiction model and if if it works and it catches on obviously more banks to do but the question is going to be one -- questions security right it's it is it secure -- a good way of doing it's going to be fraud right obviously.
That he says he -- your check.
And then -- you know generally at the top I -- stating the obvious came in with an interesting comment I think mainly histories.
Thought -- -- and about whether or not and I didn't know he's being sarcastic and I made it out here is that we are cracking stories.
-- this is pretty -- people who.
-- way behind all but certain.
Sorry I was I was letting me know if they're cats -- -- I don't know I didn't know it really would say about that they just want another one.
Can I thought it was kind of interesting.
Hi you guys didn't report on proxies they were waiting to talk to Jane -- -- -- -- she's the president had trend -- she's gonna talk just a little bit about the issues coming to us via Skype.
But in the sky went down right if you were gonna get -- on so.
We're just gonna wait a little bit hopefully get -- back never trust technology but here's his attempt what we can do like -- consumer tip for a quick the Financial Times an interesting article in the today about overdraft fees.
And all of us are using -- credit cards new and I don't know about you -- the last -- -- checked your your credit line.
What -- to see how much money actually have no no -- I felt like I had to spend right yes we thought we did that on my credit card yeah.
Yeah I don't use credit cards ever to have won but in a reason I have one that he's actually I'm I'm Dave Ramsey schooled -- with -- have -- well.
I have a couple credit cards and I -- that have the corporate card.
They have -- that -- used for medical for medical items and now would be good -- check I mean I I it.
I knew I had a credit line of a couple thousand dollars to remember that credit line could be cut and that's something -- -- been really bad keep an iPad because.
A Lotta banks are sorry you know -- to make these adjustments ahead of this new financial regulation for credit cards in February -- and still.
Your credit line might be cut you're going back to school shopping you're going -- holiday shopping.
And then you don't have the credit available and -- so it's just a heads up before we do that shopping into the depositing -- You know the checks.
We have the largest feed any consumer 75%.
Of off season because of overdraft.
That is since citizen that is a big story I kind of one that's lurking out there Jane bucking ham is with us now from Canberra -- keeps track of the trends of all the kiddies are up to look at her on Skype this is not been easy this technology I think it's not gonna catch on analysts.
-- -- -- -- -- -- -- -- -- -- -- Odds are you're breaking up but we can hear you little bit so that's yeah yeah yeah yeah I hope we could still hear the audio behind this because.
I -- I big deploy this whole idea cashing checks are depositing checks of the iPhone is a totally.
Generational issue that the oldies are gonna -- don't know what I am doing now where the kids.
Are gonna say yeah nobody else's that's how -- do everything and she's my phone.
It's remarkable life.
We're going to do -- More and more they will pretty -- do -- any.
They'll find their -- feel positive they're ten.
-- foreigners can't let these things happen because for them.
There I'm just going to keep their personal assistant and -- and it's going.
-- -- God -- yet he has got a whole security things to make sure your passcode throughout my whole life is and I hope you know hopefully yeah -- that's right.
Ten tries and out the.
He didn't this -- found.
-- -- -- The person.
-- -- And I see -- three -- right turner ran.
I'm coming to find you and he did it.
That is pretty cool into the how -- this apparently -- probably -- OK I just checked thing.
Yeah -- And makes us in the -- that the other one hand yet take a picture an incentive -- I -- -- I'm still not totally comfortable about sending everything over cyberspace in and day maybe you can talk just little bit more about this.
And this is one thing that we see jumping up and any other banks thinking that this is the right technology because of course a lot of -- -- scanners.
He scanned texts back and forth I mean you know.
The check it suffered by the porn -- some of those numbers -- show is that something do you expect this to be ready and next year something -- we just.
Do all the time.
England's one institution that it made all ten to ten on the bandwagon because everybody's going to expect it.
Think the reality is once we started -- our credit card numbers on the Internet.
We lost -- levels of security and our people became comfortable within.
And the reality is is that we're used to it now and there is a level of -- that unfortunately we don't ask you whether it's the institutions that you.
And we're all going expected soon.
Payment -- -- -- With our folks will be able to pay for this way with our content and it'll make our.
Much easier and it's probably the institutions are gonna have trouble.
We have Bob did it because there's a lot of that the payments if something happens through seven security files and their carrier threatened sun sand bars Lou's going to be bumps along the road and all.
You would think and it's just a matter who worked through -- you know that's I was saying earlier with the whole car thing 1020 years now she -- -- -- -- but now there's still issues.
That we need to figure out I.
-- Let's throw Skype on the iPhone and that this shows available on the iPhone line if it's great it's great with the candidates say -- -- just a bit.
I put him at the place to find cheap T shirts if you're back to school shopping Twitter.
We'll -- -- about it you stick it out because for your kids -- weekend I do I think yep.
So follow you -- -- to be accolades that's my story thanks for joining us check us out on the iPhone later on today didn't you visited part of the show.
How to get everybody back everybody.
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