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To your points of october and typically a rocky month to use your words, this october looks pretty smooth and i think it's because of the fact that the market has gotten ahead of itself when it comes tt negativity in the economy. so one of the things out there, too, neil when it comes to consumer numbers and susan lee talked about it in the package there, some of the big tech spenders and advertising dollars that are flying up. the economy has 99 problems and i think the consumer is definitely one, but if you look at halloween spending being the second biggest spending holiday ahead of christm...

Have to be closer to 4%, 4.5% i think in terms of interest rates for quite a while to achieve that goal. >> and the fed is fighting inflation and we were watching these consumer numbers, retail earnings trying to see what is happening to the consumer. the consumer still pretty resilient here. changing what they buy. for example walmart saying that people were switching from deli meat and beef to hot dogs and canned tuna and stuff like that, cheaper items like that, they are changing what they are buying but still buying, still have excess cash. is that the right assessment is this. >> very sim...

Making -- making goods. we also have jobless claims that came out just for a quick real feel indicator of layoffs in the american job market right now. 262,000, last week revised down. these are still historically low numbers, but they have been ticking up a little bit. we have been watching that closely to see any sign of strains of what has been a very good overall labor market. the inflation story again, a reprieve for factory owners and factory producers, just like yesterday we saw the consumer numbers, a reprieve. however long it may be, many hoping this is a sign of a peak in the inflati...

Are benefiting from deregulation and decreased taxation that's been part of this administration. i think we will continue to see this happening to 2020 and companies trickle down those profits to consumers, which is why we have some of the strongest consumer numbers in the past 15 years that we are seeing. >> is cody is speaking we are running some of these full screens. we just had retailers trend of the consumer but we also have chip names up there. we have moved to the heights phase of technology where chips are everywhere and they're going to be everywhere. every thing that we can see that...

Just a piece of what we've been seeing, which is that the consumer is really driving things forward. it seems like everyday households feel very comfortable opening their wallets and going out and buying restaurants and services and all sorts of things. >> 76% of americans saying they feel the economy is strong. that's a huge number. this is the best we've seen in 20 years and it's really a sign that if they see the economy as strong, they're feeling it, right, on this very personal level. what do you make of this optimism? >> i think one thing that's important to keep in mind when you think a...