of chanting go global gina sanchez she said she thinks there are several signs pointing to softer earnings and economic growth she thinks the economy is going to under deliver on a lot of fronts by the end of the year do you agree with her. not particularly i mean the data has actually been pretty good for the most part as you pointed out the consumption good you had very strong housing starts as well in june you know the judean median price for single homes was at a record you also had a very very strong university of michigan consumer confidence index i think it was the highest since july two thousand and one you had good durable goods numbers and you had the ascending trend in g.d.p. i mean you include pursed quarter was one point two percent the second quarter about two point six percent and you know the atlanta fed is expecting it to come in is to. four percent in the third quarter so it's possible that we could have a geo political upset like say north korea which could put a crimp in the whole situation but you know probably a can on the conditions are starting to manifest themselve

. >>> gina sanchez and matt, guys, great to see you gina, i will kick it off with you.o any of these prices making equities for attractive in your view >> well, it is an interesting time you have oil crisis showing weaker fundamentals and oil prices are falling and gas prices are rising. 25% of the refinery capacity of the u.s. is down on the back of harvey and so we see this as benefiting the refiners this is a big payday oil prices are going down and gas prices going up. we don't see this is a long-term trend, this is specific to what's happening with harvey and what happens with the efforts to rebuild after harvey, however, it is a payday >> matt, what do you see in the terms here >> well, we are kind of a key level here for crude oil it got right down to $46 this week when everything really hit but it helped. and it bounced off that level. today we have an outside day or an outside update which is followed by a short term balance in crude oil these are all short term issues. we have two clear defined levels $46 on the downside or resisting side, we have $56 >> thank