thanks, todd hagerman of stern agee. >> thank you. >> tom: wall street lost its earlier gains to end lower. the dow closed down 77, the nasdaq was off 24, and the s&p 500 lost nine. we were shopping a little less for the second month in a row. may retail sales dropped 0.2%, driving by a drop in gasoline sales thanks to lower pump prices. that drop in energy prices helped wholesale inflation fall by the biggest amount in almost three years. producer prices dropped 1% in may compared to a year ago. core prices, striping out energy and food, prices were up 0.2%. >> susie: if you've been counting on a summer rally, you'll be disappointed, so says morgan stanley. the investment firm released today its market and economic forecast for the rest of the months. it expects stocks to stay in a trading range over the next six months, with continued volatility, weak corporate earnings, slow economic growth, and low inflation. i talked today with morgan stanley's chief investment strategist, david darst, and asked him about that cautious outlook. >> slowing growth in china and in the rest of the e