The US consumer is doing fine. For November 25 vs November 24, our 70 million consumers pushed about four and a half trillion dollars plus into the economy every year. For that month about 4.2 to 4.5%. The spending was solid and good, consistent with a growing economy. Our team has the economy growing next year at 2.4%.

Yes, there is. The bottom third is growing, just at a slower rate than the middle third or the top third. People are working, getting paid, but they are worried about prices and affordability.

I think all the candidates are highly qualified. The Fed as an institution has to be independent. The US Fed is the example for the world of how to run a centralized federal reserve with independence. The Fed independence of monetary policy is key. Kevin and all his colleagues that have talked about would all believe that and understand that and drive it.

Generally, things you look at you say I can have an impact on this or control it. Trade and tariff is different because that comes down to where they might locate supply chains, how it affects the cost of goods sold. Through the summer it's become clear there's sort of a 10 to 15% increase generally across the board result. That's helped business understand it better. One of the things administrations have worked on that gets lost is the non-tariff barriers. Those are real barriers both in the EU, frankly, to regulation and stuff in China and other places. Working on that is important for multinational companies because to get access to markets without having to change product is a big deal.