lakshman: i am looking for it now.everything we have said, which i agree, that is going to undermine some of the consumer confidence, in particular for those who have more purchasing power. tom: we will come back, lakshman achuthan is with us. greg valliere will continue with us and we are trying to figure out why there is not three or four debates coming up. upures up 18, dow futures 169. the credit suisse chief u.s. equity analysis, the courage in this market to start to september. this is bloomberg -- stagger to september. this is bloomberg. ♪ ♪ are watching bloomberg "surveillance car baidu lost at spot among china's most valuable internet companies, booted out by a much younger arrival. the startup is now worth more than baidu after shares surged more than 9%. fitch pushing to reduce its dependence on chinese suppliers by more than 40%, as it becomes clear the trade war will hurt profits. the tensions could have an adverse impact on the cost of merchandise. the chief executive says the move is "time-consuming but