Consumer confidence report - 10:45AM

Full report here. Consumer Confidence Survey™ Press Release Please visit the Consumer Research Center pages to learn more about: * detailed consumer confidence data * additional consumer information * benefits of center membership THESE DATA ARE FOR ANALYSIS PURPOSES ONLY. NOT FOR REDISTRIBUTION, PUBLISHING, DATABASING, OR PUBLIC POSTING WITHOUT EXPRESS WRITTEN PERMISSION. The Conference Board Consumer Confidence Index™ Retreats June 30, 2009 The Conference Board Consumer Confidence Index™, which had improved considerably in May, retreated in June. The Index now stands at 49.3 (1985=100), down from 54.8 in May. The Present Situation Index decreased to 24.8 from 29.7. The Expectations Index declined to 65.5 from 71.5 in May. The Consumer Confidence SurveyTM is based on a representative sample of 5,000 U.S. households. The monthly survey is conducted for The Conference Board by TNS. TNS is the world’s largest custom research company. The cutoff date for June’s preliminary results was June 23rd. Says Lynn Franco, Director of The Conference Board Consumer Research Center: "After back-to-back months of strong gains, Consumer Confidence retreated in June. The decline in the Present Situation Index, caused by a less favorable assessment of business conditions and employment, continues to imply that economic conditions, while not as weak as earlier this year, are nonetheless weak. Looking ahead, Expectations continue to suggest less negative conditions in the months ahead, as opposed to strong growth." Consumers' appraisal of present-day conditions was less favorable in June. Those claiming business conditions are "good" decreased to 8.0 percent from 8.8 percent, while those saying conditions are "bad" increased to 45.6 percent from 44.5 percent. Consumers’ assessment of the labor market was also less favorable. Those stating jobs are "hard to get" increased to 44.8 percent from 43.9 percent. Those saying jobs are "plentiful" decreased to 4.5 percent from 5.8 percent. Consumers' short-term outlook also waned in June. Consumers anticipating an improvement in business conditions over the next six months decreased to 21.2 percent from 22.5 percent, while those expecting conditions will worsen increased to 20.2 percent from 18.0 percent in May. The job outlook was also more pessimistic. Those anticipating more jobs in the months ahead decreased to 17.4 percent from 19.3 percent, while those anticipating fewer jobs increased to 27.3 percent from 25.6 percent. The proportion of consumers expecting an increase in their incomes declined to 9.8 percent from 10.8 percent. The next release is scheduled for Tuesday, July 28, at 10:00 AM ET. For further information contact: Lynn Franco at +1 212 339 0344 lynn.franco@conference-board.org

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There is nothing in this report that is good. The last time it was released, the market shot up like a rocket because it spiked (bump is more like it)up a little. The clowns (clowns is being nice) on CNBC hailed it all day as "GREEN SHOOTS". Today, the worse of the worse, Larry "I can scream louder than you" Kudlow, an admitted permabull, said "ehh" no big deal. It sure was the last time you damn liar. Kudlow is beyond watchable, and CNBC is getting there fast. What a bunch of assclowns.