This is a CBS I in the World. I'm John Bachelor. Scholar Report with CEO Chris

Regal of scholar.com transforming the retail space with digital signage globally, all the major markets.

We begin with the question of the American economy, the European economy.

An article at zero hedge came up with a wonderful metaphor, the Ferrari

versus the dollar store, although the dollar store is now the dollar and a half

store. Chris, a very good day to you.

I know the high end does well because we hear too much about the billionaires,

and we see too much about the extravagance that is the number of homes you can own for example. We do not hear much about the

dollar and a half store population which is said to be strained. How do you see it

given your business reaches into the dollar stores and now and again has to take into account the car dealerships where the Ferrari set lives?

Good evening to you.

Good evening, John, You definitely see an issue of a tale of two economies.

At the high end of the economic scale, those stockholding wealthy individuals in the economy doing quite well.

At the lower tiers of the economy,

mid and lower tier, people are suffering greatly.

And within that dollar store, cohort,

they're being absolutely destroyed in many areas because of the theft and shrink that's occurring

in the stores as well as the fact that the customers are simply pressured and do not have liquidity

so that dollar stores canary in the coal mine for the lower two-thirds of the

American economy. It has been a frustration for the White House at least for a year

that Bidenomics is not applauded because and then we're given all the reasons

that the American people should be thankful for the government spending.

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