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Colleagues and i know a much more optimistic frame of mind among many businesses in recent months has been sick most of that Business People the Business People we talk to also had a waitandsee attitude are very hopeful that they will get this and expand investment and are looking forward to doing that but are waiting to see what will happen. We will watch that and of course if we were to see a major shift in spending reflecting those expectations could very well reflect the out come. The shift is obvious and notable. There is a perception out there that the fed could somehow stand in the way some of the Economic Growth policies that the new demonstration is pursuing. Even that they are protected 1. 8 percent in the long run as a is as a point of conflict. I dont believe it is a point. The price stability if policies ....
Where apple is putting their money, finally. Lets head to the markets desk where julie hyman has a look at where investors are putting their money. Much and stocks. After we got retail Sales Numbers earlier, were just getting university of michigan consumers been a, better than estimated like the retail sales were better than estimated, coming in at 95. 8. Expectations better than estimated, 87. 5. When you look at the retail sales number, that defied expectations as well. Even if you back out cars and gasoline, a cayman better than estimated. A lot of that strength because of nonstore retailers. Because of ecommerce. That number includes catalog and direct mail sales. Nonetheless, it looks like ecommerce, and accounted for each some of these strengths. A bit of a muddling along to end the week. Take a look at the groups on the move. Technology a strong, only at. 4 . Consumer discretionary leading the losses, because as betty menti ....
Results of lackluster volume. We will look at that in a minute. The dow is down 171 points, down nearly 1 as we head towards the close. It looks like we will have a down week for the Third Straight week. Lets take a look at the volume on the terminal. This looks at volume by industry. All are down. Telecoms seeing a drop, energy also seeing a substantial drop. Upticky group seeing an of 18 is construing or discretionary is consumer discretionary. Outside from that, not much activity. If you look at the s p 500 over the course of the day, you can see the interior rating prices. This downward decline accelerating after midday, as the s p is down 9 10 of 1 . Asant to look at oil prices well, because we see a lot of correlation between oil and stocks, but that has not been the case today. It has been down steadily throughout the course of the session. It has not seen that downward slide. We cant bring cant blame oil today. Carol talk ....