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Will 'back-to-school' bring economy back to life?

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    School supply season might not make the grade

  • Duration 2:39
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You know I can't believe we're already saying -- we -- in stores aren't all the back to school stuff we'll there's an argument being made now that the back to school.

Boom is gonna bring this economy back to life but what does know.

No bloom what what what of people are just you know -- that's of the reasons other kids whatever you had lasted just use that back pivot table.

This -- we got consumer confidence now below its level of the year.

Take a look at apple while selling 26 million iphones the latest quarter.

Apparently that was a lot fewer than expected so take -- until.

Gasoline prices having gone back up and I think that that could put -- could put a wet blanket on back to school sales are up.

About eleven cents a gallon just in the -- I don't -- out.

What really I got -- that you're not gonna drive Naples to pick up your.

If if gas prices start going up people change their behavior but I will say back to school is mandatory spending for many parents and maybe not the best -- to the overall economy.

When and in terms you know our efforts with Charlie mentioned earlier the GDP report that consumer spending dropped dramatically.

Savings went back up I think the American public understand some -- and -- he's read about it I that was it howling.

It alarmed Americans are just -- you know that's out there that's due for Americans we do love to spend.

Something is people on main street know this up a lot off the lot lot faster than people in -- ivory -- on Wall Street and -- a little nervous that today that's what they've got to get the basics but.

You may not get this super -- thing you look before.

I think this will be allowed to present in the battleground states.

Just you know.

-- I had I had a pocket -- just got that I don't know fifth Juliet this is why he -- -- Yeah but I don't know anybody that I don't know and I -- they -- this with that.

You know look I I agree with Charlie the single most important figure here is the GDP numbers remember -- -- when Obama took office -- negative nine we're now -- negative.

We're now positive to we've been averaging about pot a positive one point five we've been average and that's the -- Julian and retailers and well most people believe that's -- But the yards in -- call out but I -- and it's our resident now there are retailers and retail you you survey the retailers and retailers do expect a big back to school and we'll say we don't know we'll see more and you see expect -- bigger.

That was global.

I spent W big bags filled -- but I don't think there's ever been a major economic rises over gun -- -- -- -- -- will not -- that her blood -- I would -- like oh my god look at what happened to -- notebooks we're gonna hit the fan you are talking about Christmas spent about this time here.

Okay -- don't do the heavy southern thing it's totally handled borderline or it's going to be miserable.