visitors to reuters websites each month, and more than 400,000 financial professionals subscribe to thompson reuters desktop products. on april 10th, the labor department notified our washington bureau chiefs and other news organizations about major changes they planned for the operation of lockups then covered the changes in detail so i won't repeat those. needily to say, we were taken aback by the change. dramatic and without advance notice and no real explanation of the rationale and walt consultation with the news organizations. i want to be clear on two points. we believe lockups are extremely useful in presenting accurate and athortive sensitive data and provide journal ichts time to better understand the information before sending itpu. and we fully believe in lockup for pre-elise of sense tins information. we believe the lockup procedures now in place per fected early release of data. despite that success, the department plan announced in april would require us to use government equipment to do our work as a matter of routine. something we as an independent news organization fuddly funda opp

. >> you write in your testimony, thompson reuters takes embargoes seriously, we have always intended to comply to the department's lockup procedure but our company after a hardware reconfiguration did inadvertently uncover a defect in the equipment that resulted in two early releases of data from our machines in the labor lockup in late 2008. what can you add to what mr. hall said about how the leak occurred, also your statement indicates, quote, a defect in the department's equipment resulted in two unintentional early releases end of quote, was the fault in this matter with the department or with your firm? >> my understanding, and i wasn't part of this at the time, but my understanding is that perhaps shared. we did reconfigure our hardware, my understanding is that the way that interfaced with the lock box and how that was cabled in the department led to the inadvertent releases. as i say, and mr. hall said, the first release wasn't detected by anyone, certainly wasn't by us, the second we realized and immediately made that known to the department. we worked with them to figure o

sales in stores opened for at least a year up 3.9% in may, according to those stores tracked by thompson reuters. those reporting stronger than expected sales, target up 4.4%, nordstrom up 5.3%, and discounter tjx company, t.j. maxx and marshals up 8%. dana telsey is the c.e.o. of the telsey advisory group with us in new york. dana, what worked for retailers in may? >> i think what worked for retailers in may is that you had a holiday in the month of march. you had the benefit of an earlier easter. april you didn't have that, and what you did have in may is mother's day. may 13th this year versus may 8th last year. coupled with warmer weather and the new colourful apparel that is driving traffic, that is what drove sales in may. >> tom: tell us about the roll of gasoline, though. gas prices had been moving lower in the month of may. i have to imagine that put more dollars in consumers pockets. >> we are beginning to see customers spend a bit more on discretionary but in addition to high end, you need that lower to middle end consumer to maintain that level of spending. >> tom: so talk to us abou

according to thompson reuters, they have consumer sentiment.n may consumer sentiment rose to the highest level since late 2007, before the recession, when the dow was at the all time high due to more favorable jobs and wage prospects. then a different body, the conference board, released its own report that says consumer confidence in may fell to its lowest level in five months because americans are less optimistic about jobs and business conditions. that sounds awfully pessimistic to me. this is all confusing. the latter report tends to be a bigger survey than the earlier one. why are they going in different directions. let's look at housing. the national association of realtors said exist home prices, most of the market, used homes, if you would like, they rose in april by 10.1% compared to the previous year. it showed back-to-back price increases from the year earlier for the first time in two years. however, that was quickly followed by the s&p case-shiller index. a negative trend showing prices at the lowest since 2002. you getting confuse

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>> caller: i am looking at thompson reuters with a terrific -- >> keep looking, don't touch.looking, don't touch. they got no growth. we like growth on "mad money." we do not want to touch no growth situations even if we like the management. and that, ladies and gentlemen, is the conclusion of the "lightning round." >> the lightning round is sponsored by td ameritrade. >>> on june 15th we're celebrating the fifth annual edition of "mad money" a family affair. >> check it out. >> want to join cramer in studio for this special event? >> having a brotherly dispute. >> doctor's in the house. >> head to madmoney.cnbc.com to sign up for free tickets. >> the family that invests together stays together. you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering, web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 whe

so did consumer sentiment which is a broader measure by the university of michigan and thompson reuters index which shows buying patterns in a breakdown by income level. what was really start bling abo the decline is it happened in high-income houseuseholds, more than $75,000 a year. they said they're going to cut back on their purchases of big ticket items like vehicles and that's very important because we've already seen the vehicle sector suffer by a slowdown abroad. and a failure of pent up demand to really produce the kind of self-feedi self-feeding recovery we have seen from the u.s. >> and we got a warning from ford. they've been firing on all cylinders for a couple years now. they're warning partially because of activity overseas. there is a concern here in the united states. we also have a new report out this week, diane, that says personal incomes in the united states as they're measured monthly are up and yet personal consumption is down. this is all working into this idea that it may not be as bad, but people are worried that it might get worse. >> well, actually, you know,

the editor of thompson reuters digital is joining me from our hometown of toronto.is a professor and venture capital expert. he is the author of a new book called "crisis confidence." thank you for joining us. david, you lay out two scenarios for the u.s. economy going forward. the first scenario, we change nothing. the economy grows at 2.3% and in ten years the gdp stands at just over $19 trillion. the government takes in 15% of that in taxes. here's the second scenario on the right. the economy grows at 4%. that pushes gdp a lot higher. it gives the government $3.9 trillion in tax revenue. how do we get there? >> we have to be very serious about taking on entitlements and recognize they're not sustainable. they're already in deficit. they're going to remain in deficit going forward. and ultimately the spending that creates all the annual deficits and adds more debt each year is going to have to be paid in terms of the interest on that. >> christian, let's show you this poll from the national federation of independent businesses. they represent small businesses. 26

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