CNBC Fast Money Halftime Report June 23, 2017
More concerned tom joining us now on the phone. Tom, you there yeah, im here. How are you guys what prompted you to take down your earnings estimates, which theoretically leads to a lower market in your mind . Well, i think part of it has to do with a lot of folks recently talking about how low inflation is good for stocks, because its helping the multiple but what were starting to point out and what we want to point out to investors is lower inflation means Revenue Growth pressures, but with labor costs rising, we know this is going to result in a profit squeeze so were really adjusting our e...