new federal reserve chair, janet yellin said the economy softened in recent waekz haeeks. yellin said it is likely the fed will slow down the bond buying program. and, earnings this week. macy's home depot, target, best buy. sears lost less than expected. and luxury automaker, tesla is revving up. four sunbelt states in contention for a plant to build batteries for its cars. 6,500 jobs at stake. nevada, arizona, texas. yellin speaks. economy cools. markets don't. how does it affect investments. joining us, nick collis and scott clemmons. thank you both for being here. >> thank you. good morning. >> we heard gdp numbers for the quarter were worse than we were expecting. does this matter? is a backwards looking number? >> backwards looking number. it does base line expectations for how q 1 is progressing. for controversy about weather and impact on the economy. useful to see the economy is quite slow. >> you think the e skon conomy worse than the weather is letting on. >> slow growth economy. when that happens. we get a lot of pulls and tugz -- pulls and tugs on the economy.