US July Retail Sales Rise Despite Tariff Uncertainty

LET'S CROSS TO MIKE MCKEE. GOOD MORNING. MIKE: IT LOOKS LIKE WE'VE GOT A REASONABLY GOOD BUT SLIGHTLY DISAPPOINTING RETAIL SALES NUMBER.THAT NUMBER COMES IN AT .5%. LAST MONTH WAS .5% AND THE FORECAST WAS FOR .6%. FOR AUTOS, WE ARE AT .3%, WHICH WOULD -- WHICH IS WHAT WAS FORECAST.THE CONTROL GROUP EVERYBODY CARES ABOUT, OF COURSE, IS UP .5%. SAME AS LAST MONTH. THAT WOULD BE GOOD NEWS.IT SHOWS AMERICANS ARE SPENDING. I'M SAYING GOOD NEWS AND THE MARKETS PROBABLY ARE NOT LIKING IT. IMPORT PRICES COME UP .4% ...