THE STOCK DOWNGRADES TO AN UNDERWEIGHT AT JPMORGAN SAYING THE STOCK IS OVERVALUED. >>> CONSUMER CONFIDENCE OUT A FEW MOMENTS AGO AND RICK SANTELLI HAS THE NUMBERS FOR US. RICK. >> YES. NOT ONLY THAT, JOB OPENINGS AND LABOR TURNOVER KNOWN AS JOLTS, JOLTS COMING IN NEAR EXPECTATIONS, 8, 184, 000 BETTER THAN EXPECTATIONS AND YOU SEE INTEREST RATES MOVING UP A BIT. NOT ONLY THIS A BIT BETTER, JUNE READ, LAST MONTH IT WAS REVISED FROM 8, 140,000, UP TO 8, 230,000. WHICH PEENS LAST MONTH IS THE BEST MONTH SINCE MARCH WHEN IT WAS 8, 355,000 AND, OF COURSE, THIS FITS RIGHT IN A LITTLE BIT LOWER, AND IT TURNS OUT THAT NOW THIS IS THE LOWEST LEVEL SINCE APRIL. BUT FOR THE REVISION. IF YOU LOOK AT CONSUMER CONFIDENCE, THESE ARE JULY READS. 100.3 ON HEADLINE, BETTER THAN ANTICIPATED ALTHOUGH A BIG DOWNWARD REVISION IN THE REARVIEW MIRROR. 100.4 FOR JUNE BECOMES 97.8. THAT MAKES 103 THE BEST LEVEL SINCE MAY WHEN IT WAS 101.3. IF WE LOOK AT THE PRESENT SITUATION, 133.6, SEQUENTIALLY FOLLOWING A DOWN REVISE, 141.5 THAT BECOMES 135.3. NOW 133.6. THAT IS THE LIGHTEST LEVELING IF BACK TO APRIL OF BACK TO APRIL OF 2021. EXPECTATIONS 78.2, ANOTHER DOWNWARD REVISION TO JUNE, 73 BECOMES 72.8. 78.2 NOW BECOMES THE BEST READ GOING BACK TO JANUARY WHEN IT WAS 81.5. THE SECOND BEST READ ON EXPECTATIONS. YIELDS, WELL WE'VE MOVED UP TO 4.18. AND THAT WOULD BASICALLY REPRESENT VERY NEAR UNCHANGED ON A 10-YEAR. IF YOU LOOK AT A TWO-YEAR BELOW 4.40 THAT WOULD BE CLOSE TO UNCHANGED. WE WANT TO PAY VERY CLOSE ATTENTION TO THE BEGINNING OF A TWO-DAY FED MEETING. NOBODY EXPECTS A RATE CUT, BUT EVERYBODY IS GOING TO BE PERUSING THE STATEMENT AND Q&A