economist michelle meyer is coming up. >>> and how close are the lawmakers to a deal? we have a live report from d.c. coming up. >>> later in the show, more on the instacart nasdaq ipo and our veor guest has the real draw for insts. we have a very busy hour when "worldwide exchange" returns with comcast business... it is. is it possible to use predictive monitoring to address operations issues? we can help with that. can we provide health care virtually anywhere? we can help with that, too. is it possible to survey foot traffic across all of our locations? yeah! absolutely. with the advanced connectivity and intelligence of global secure networking from comcast business. it's not just possible. it's happening. (bobby) my store and my design business? we're exploding. but my old internet, was not letting me run the show. so, we switched to verizon business internet. they have business grade internet, nationwide. (vo) make the switch. it's your business. it's your verizon. >>> welcome back to "worldwide exchange." futures are higher dow opening up 20 points higher. s&p a

alix: guy, this echoes what we heard from michelle meyer. you are still spending.will see an ok holiday season. 3.7%. it is not crazy. it is still there. it feels like that is the theme. that is not, you know, a grinch situation. guy: no, but you put the student loan story next to falling savings rates next to a labor market that's beginning to get a little worrisome. we talk about oil prices may be having an impact. it is the labor market that will determine what happens here. mark: the consumer is influenced by the labor market. part of the reason they are spending more than they thought was the labor market has been so strong. even if you're spending savings, i can keep demanding higher wages because of such competition for my labor. it is when the labor market goes that the consumer suffers. andrea said the higher end consumers to has a lot of savings. on aggregate they have not disappeared but they have been spent out of the bottom meant of the income spectrum. they cannot spend anymore. the higher end consumer will tumble when the stockmarket route happens. i

michele! and the roots, right there, from philadelphia, pennsylvania thank you for watching stay tuned for "late night with seth meyersht with seth meyers. tonight -- nathan lane, representative katie porter, a performance from broadway's "& juliet," featuring the 8g band with anup sastry. ♪ [ cheers and applause and now, seth meyers [ cheers and applause >> seth: good evening, i'm seth meyers. this is "late night. we hope you're doing well tonight. and now, if you don't mind, we're going to get to the news president biden announced today that he is running for re-election. can you imagine if it's biden versus trump again that's like going into a diner and the only things on the menu are two-day-old egg salad and donald trump [ laughter ] i -- i guess i'll take my chances with the egg salad [ laughter ] president biden announced today that he will run for a second term and said, quote, "let's finish the job." yeah, good idea. it would be nice to have a country where a guy can safely retire before he's 86. [ laughter ] following president biden's re-election announcement today, the republican national committee release