Hello, fellow Robo Capital, I hope you're well.

So we've got a lot of these high profile CEOs that are coming out and warning about the United States economy.

And it's not just their words.

It's probably more so the warnings they're giving us with their actions.

Let's cut right over to CNBC.

You're going to see what I'm talking about.

Then we're going to go over to a Fed survey that just came out that really explains

exactly what's going on kind of underneath the surface here.

And I think this is definitely one of those leading indicators that we've got to pay attention

to.

So first and foremost, let's shoot over to CNBC.

Now, this is an interview just from the other day with the CEO of Southwest Airlines,

where he literally says he has not seen anything this bad since the Cerva sickness. So check this out. And in his

terms, and this isn't George Gavin speaking, I think the guy says it explicitly in this video,

that as far as the airlines go, they are already in recession. So it's not a question of if we're going into a recession.

They're already in one. And so then you've got to figure out, okay, what does that tell us about the health or the fundamentals of the underlying economy, right?

And then also, I think, let me write this down because this answers a big question about consumer price inflation

as well, even if tariffs increase the stuff at, let's just say, Walmart.

He's warning of the slowdown, pulling guidance despite a narrower than expected loss.

Let's get to Phil LeBow, who's got a special guest this morning.

Hey, Phil.

Hey, Carl.

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