Hello for the Robocapitals, hope you're well. So we have big news from Walmart. We touched

on this just a little bit last week, but CNBC just came out with a story from the former CEO of US operations for

Walmart, and he's kind of opening up the Camono and giving us some insider intel as to what's happening at

Walmart right now as we speak and what this represents more importantly for the broader economy.

So let's get right into this story, check this out.

And what's really interesting is he said,

basically all of his time at Walmart,

whenever he sees this, it's always when the United States is heading into a recession.

I thought that was interesting.

So let's go right over to this article from

cn't be playing a quick clip here and that is not it George here we go this is it

A fluent consumers are creating a bubble at Walmart.

Warren's retailers, former US CEO Bill Simon.

And I actually heard Jeff and Van Meter talk about this on his podcast this morning.

But let's play a quick clip here and you guys will get the gist of what Mr Simon is referring to.

Bill, in the pre-interver you did with our producer,

Stephanie, you used the word bubble

when it came to Walmart stock.

Why did you choose that word?

Well, sure, first of all, it's good to be with you and the conversation you're having I think is the

right one. The trade down that Walmart's seeing in from the affluent consumer into the business is not anything new.

It happens every time there's a you know an economic challenge and we've seen it historically.

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