Hello for the Rebel capitals, hope you're well, so we've got some big news.

Retail brands, these mega corporations are coming out and saying the American consumer is in trouble.

And more importantly, a lot of these mega corporations, these big brands are saying

they're going to have to close stores, which means what? Fire people, which could mean the unemployment rate

going even higher which has huge impacts on not only the economy but asset

prices such as real estate.

Let's get right into the first story from CNBC and this is from this morning.

Boom, Walgreensreens stock plunges as drugstore chain slashes profit guidance

in challenging consumer environment key Key talking points.

Walgreens reported fiscal third quarter earnings

that fell short of expectations

and slashed its full year adjusted profit outlook

due to challenging environment for pharmacies by more specifically the American consumer and this makes sense because it goes back to that chart we always use on this channel. In fact, let me go to that really

quick. I didn't have that pulled up, but I think it will give you a good visual.

That is wage increases. I think that's the Atlanta Fed, isn't it, Josh?

For the wage report?

Yeah.

Yeah. Wage tracker.

So this is the one that I use constantly because it really tells a much better story than just

the unemployment rate or the mainstream media saying, oh, well, the labor market is tight

or, oh, real incomes have gone up,

or real incomes are higher now then they have been in a long time

...