Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis.

Good afternoon. Today is Thursday, September 25th, and I'm your host, Kim Con. Our top story so far.

This morning's economic data just threw up a big speed bump on the Easy Money Expressway.

Initial jobless claims, durable goods orders, and the final GDP revision all came in hawkish. Wells Fargo economists said, a data deluge this morning gives the U.S. economy a new lease on life.

Second quarter GDP, in hindsight, is stronger than it first appeared in light of robust consumer service spending and more robust

business-fixed investment, they said. August durable goods orders suggest the CAPEX momentum carried into

Q3, jobless claims fell for both first-time filers and those refiling for existing benefits. Q2 GDP was perhaps

the most eye-catching, even though that's well in the rear-view mirror. At the final print, the economy rose at a 3.8% pace, up from the prior estimate of 3.3%.

P.C.E. Price Index, which excludes food and energy, was revised up to 2.6% from 2.5 in the

second estimate. August durable goods orders rose 2.9% compared to the decline of 0.3% expected

and the decline of 2.7% in the prior month. Excluding transportation, new orders gained 0.4%

last month, confounding expectations for a 0.1% decline. And weekly jobless claims dropped unexpectedly

to 218,000, well below the 238,000

consensus, and 232 the week before, continuing claims dipped to 1.926 million from 1.928, lower than

the 1.93 million consensus. Following the data, the expected amount of Fed cuts this year fell to

38 basis points from about 43 before

the numbers hit. Treasury yields continued their recent March higher, with a 10-year yield

touching 4.2% for the first time since the start of the month, and the dollar index hit

a three-week high. Among active stocks, CarMax is plunging after falling short of consensus

estimates with its second quarter

earnings report. The company saw revenue decline 6% to 6.59 billion during what it said was a

challenging quarter. That tally missed the consensus mark by 430 million. Total retail used vehicle

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