Wall Street's trying to shrug off last week's concerns.

For Marketplace, I'm Novosafo, in for David Brancaccio.

Markets opened slightly higher this morning after a spate of worrisome economic numbers

caused a tumble on Friday.

Those included decline in service sector business activity to a two-year low and consumer sentiments

showing rising inflation expectations, which can be self-fulfilling. Joining me to discuss all of this

is Julia Coronado, founder and president of macro policy perspectives. Good morning, Julia.

Good morning. So are you concerned about the data that's come in so far? Yes. It certainly is a worry that

perhaps some of the uncertainty around policies is starting to bite into confidence, both business

confidence and consumer confidence. Confidence isn't always a leading indicator of what firms and consumers

actually do. Sometimes they keep spending, but it is certainly a risk. Another source of worry last week

was that some consumer-facing companies were also sort of suggesting that consumers were backing

off a little bit on the back of

these worries. Yeah, and we did get that muted outlook from Walmart last week. Tomorrow we hear

from Home Depot, and then we're also going to get consumer confidence data tomorrow.

What are you going to be looking for in all these points of data that are coming in?

The one we got Friday is most centered on inflation, and as we saw, consumers are very

worried about inflation.

The one tomorrow is going to be more reflective of the job market.

Are consumers worried about their jobs?

And that tends to be a bigger deal.

If consumers are really worried about the job market, then you do tend to

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