We're expecting Lowes, we're expecting Target as well as Walmart this week. And that really will give us a key insight into the state of the US consumer. What Home Depot really told us today though is that consumers are still uncertain about how they feel about how the economy is moving, about their ability to go out and spend and their ability to get up and pick up where they are and move into a new home. And that's what we saw in these results from the Home improvement retail and the stock is moving lower this morning. It's down more than 3 and a half% in pre-market trading.

as investors really try to assess when will this company see a significant turnaround and when will uh housing you know starts really begin to improve. And so what the company uh said this quarter is they did decide to cut their fiscal year outlook. They now expect same store sales to be positive, but that's lower than the 1% growth that they'd previously expected. They also expect to just adjusted earnings to fall about 5% year over year. That's lower than the 2% decline that they had previously forecasted and we're the call is underway and so we're hearing more from the CEO, but what they did say in that

release is that they do believe that consumer uncertainty and continued pressure in housing are disproportionately impacting home improvement demand. They also said that an increase in demand in the third quarter that they had expected did not materialize, and that home improvement demand is really what is expected to turn around this company. We're getting some rhetoric from the street including Telsey Advisory Group's Joe Feldman, and he said that he still thinks the company is positioned to benefit once that home improvement demand returns. And so

really remains to be seen how exactly this will play out, especially into that key holiday season, the fourth quarter currently underway, and I'll certainly be tuning into the call to hear more.