Consumer sentiment revised lower to 52.9 in December

David Faber (Anchor) 00:00.070

all right first though let's get some breaking economic data that's just crossing rick santelli has it for us rick

Rick Santelli (Reporter) 00:05.990

yes david indeed these are the december final reads on university of michigan sentiment and the inflation metrics embedded in this report so the mid month read gets tossed fifty three point three was the mid month read on the headline it now moves lower to fifty two point nine

Rick Santelli (Reporter) 00:22.630

that would be the weakest since it was fifty one in november and i'd like to point out that if you look at the absolute low it is fifty from june of twenty two we're not far away from the low going back to my base in the seventies now if we look at current conditions same

Rick Santelli (Reporter) 00:39.990

dynamic fifty point seven mid month becomes fifty point four and fifty point four is a new all time low replacing the fifty point seven also my database goes back into the nineteen seventies look at expectations same dynamic mid month fifty five now becomes fifty four point six

Rick Santelli (Reporter) 01:03.190

and fifty four point six would be the weakest since november when it was fifty one and finally on the inflation front well four point two it replaces four point one it's one tenth hotter on the one year inflation on the five to ten year inflation rate it remains the same at

Rick Santelli (Reporter) 01:20.230

three point two percent and i must point out that the equity markets are making new highs on the dow jones industrial average for the session on this data and it's weaker than expected and pretty much a punt on the inflation data so no surprises but i will also point out

Rick Santelli (Reporter) 01:37.150

university of michigan has not kept up with what it normally does and that is correlate with the equity moves