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Mnuchin's job place? >> >> yes. >> the president bashed the fed chief on many occasions and said he is raising interest rates too fast, and he also said the economy is strong. >> all the information we are getting is the fundamentals remain extremely sound and christmas sales were through the roof, agdp looks like it is goig to be close to three again. >> he blamed the volatility on fundamentals. you have got big selloffs that get overdone, and snap back rallies that are overdone and can be reversed again. i think volatility is the big word of the moment and will remain so. >> not for the fain...

Report. four components to it. the one main one is the consumer, absolutely phenomenal, up 4%. that's a very powerful consumer. savings rate of 6.4%. i think people have gotten smarter since the great recession. they have more money and confidence and they are spending but not getting over the skis. it suggests we have a lot of potential buying going into the last couple months here. the inflation rates on this benign. 1.6% the last quarter. 2.1%. >> sandra: what are markets so concerned about now. people look at the dow and it is selling off again. it seems to bounce back after we get the big...

Economies and once that stops, it's likely the equity crisis comes back down. they've done fairly well on the back of reduced cost base for companies. but you can only reduce your costs so far and we need to see understood lying growth. we need to see revenue increase if profit margins are to increase and margins are to do well going forward and share prices are to continue to the upside. >> joining us live from hx capital. many thanks indeed. andrew. we were talking about what was going on in the commodity markets, certainly big selloffs. let's look at this. i want to start with crude oil. ...