Hello for the rebel capitals hope you're well so we had retail sales numbers come out and

smash expectations this is according to see NBC but there's a big butt as there always is in these types of

numbers when you scratch beneath the surface. It's like a Sir Mixelot video.

There's a lot of big butts in there.

So let's go right over to see and be see and check this out

and then go over the data.

We're going to go over a lot of articles here a lot of charts a lot of data and then we're

going to try to connect some dots come to some probabilities is going to be a

great video so I well first and foremost we got to do the screen share. There we go. Let's get right over to

C and check this out. So, where's our article here? Where did it go? My goodness gracious, it's gone.

Well, maybe they revised it that quickly.

Consumer spending jumped in July as retail sales were up 1% much better than expected.

Well, when I was watching the C.M.C. this morning at the gym,

they were saying it smashed expectations.

And I was sitting there scratching my head saying,

really?

That something doesn't pass the old sniff test here.

Keep talking points.

Advanced retail sales accelerate 1% of the month.

Much better than the 0.3% estimate.

In other economic news, weekly jobless claims totaled 227,000, a decrease 7,000 lower than the estimate of 235.

Report comes in the same week as data showing that inflation has eased slightly in July.

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