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Again. it went down in april. it went down in may. the index now stands at 64.9. in february, it was at 71.6. we've seen a pretty steady decline since february, which you know, tell me, matt, seems to mirror what we've seen on jobs creation front in terms of the fall. as the job creation number goes down, consumer confidence goes down, small businesses get hurt. because people don't have confidence they don't want to go out and spend. they don't want to hire matt mechanical. they want to put their money in the mattress. >> if small business isn't hiring more people out of work. more people out...

It's the reason the presidential tracking poll every day has shown a tossup. it's the reason people are saying this election is very close. and ultimately because there is this even split, it's the reason why the fate of the economy, what actually happens between now and october will pick the winner. megyn: thank you, sir, good to see you, scott. we have new numbers on the economy. they show americans' confidence taking a big hit. the consumer confidence for may plunging 4 points to 64.9 with americans worried about the struggling housing market, the jittery stock market and the european crisi...

>>trace: and consumer confidence is down? >>guest: we got a conference board take on confidence coming if at a level of 68.7, down or up, rather, let me get this correct. 68.7 was the read if may and fell to 64.9. so a decline there. but, really, look at high water mark this is a reading from 100 so it is satisfactory at best. so this gauge does not look good for may jobs figure coming out on friday. wages have been tepid at best, so, overall, not great news today open the economy. trace? >>trace: not so great, thank you, though. >> the facebook nose dive continues and shares of the social net...

Report are bad with long-term unemployment. "washington post" highlighting federal data showing the employment rate for worker tas to 54 is 75.7%. only 1% higher than in the great reinvestigation. despite expectations it would be improving. the conference board index had a sharpest job in eight run. healthy index is 90. in april it dropped to 64.9. >> is it not surprising that delay are getting iffy about the confidence. but going forward, the monday fundamentals continue to improve. >> the president suggested he is hopeful of a rebound. but given storm clouds in