man: right now, we're at the bottom of the rockdale construction shaft. we're 310 feet below grade, deep under atlanta in hard rock. in the downtown area of atlanta, the sewer system and the stormwater system are combined and there are overflows during storm events, and so the purpose of this system is to relieve that flow, take it into the tunnel, transport it to a brand-new treatment plant, clean up the chattahoochee river. narrator: instead of the combined sewage overflowing into the river, it will flow into this tunnel that acts as a storage tank. the water will then slowly empty into the new plant for treatment before it's released back into the river. man: the system in total is about 8 1/2 miles, 27 feet in diameter. most of the time it will be dry. the only time it will fill is when the sewer system is overwhelmed by the storm. it is a massive project. our budget was $210 million. we've worked about a million and a half man-hours. hunter: it is an incredible amount of work. our capital program right now is $3.9 billion. over a period of less than

the president of sw retail advisers and the senior portfolio manager at rockdale investment managementf you. stacy, good to have you back. >> great to be here. >> coach and tiffany were concerns earlier in the year, today's fedex is being used as a proxy for people getting shopping online. how bad has the sector topped out for the year? >> well, if you look at the h & m numbers, they're exposed to europe. that brings back the concern for europe, it brings back the concern for u.s. retailers exposed to new york, abercrombie, fossil. but surprisingly august numbers in the u.s. were really strong and consumer sentiment was surprising last week. so we're still seeing some momentum inside the u.s. >> do you think weather is related to any of this? or going into the fall? >> well, it's always easy to blame the weather. >> sometimes it's actually true. like last winter was a problem. >> yes, and it was too warm. h & m has said it's too hot in europe so people didn't come in the stores looking for fall merchandise. and in some sense, it does make sense here. and also the sales were very heavy