paul hickey has been digging deep into the calls and here to break all the numbers down. sual for this time of year. what does it mean? >> what you see leading up to earnings season as analysts are taking in their numbers and bringi ining things to reality. in the last eight months in the fall down last year, we saw net revisions fall it about negative 40% of the s&p. we have seen a big improvement. one of the questions is are the analysts too bullish. we were going from minus 40% and got as high as plus 30%. we are right in the middle now. >> certain sectors are seeing the phenomenon the most? >> one of the biggest is the financial sector. net 60% of the companies in the fall. net number cuts. that's up to positive territory. the other is a discretionary sector that goes to the way of the economy doing better than the rest of the world. they are more leveraged. >> can you connect the dots in to how the earnings come out after you see the revisions prior? >> this is a surprise because they are coming up into earnings season rather than down. that could be people thinking t

the director of the lottery, and paul hickey co-founder of research. both out front tonight with two very different and important takes on this. gary, i want to start with you. this is massive. i mean, this is something that probably put a lot of people in a good mood today. just the dream and hope. you know. someone on our staff didn't want me to flash our tickets, because it might give us bad luck. but the president today called lotteries a regressive tax. do you agree with that? >> no, i do not. thank you for having me here, and what we believe is that it's way for people to have some fun at a very low price, and also contribute to good causes. as you so eloquently mentioned, in most states, including texas, all of these millions of dollars spent on the lottery does go to help fund public education. we look at it as a chance for people to dream, as you said. the fun part about playing a lottery, especially a $640 million jackpot, the time when you purchase the ticket to when the balls are drawn. you can dream about what you might do if you're the lu