 Thanks, Peter. Peter Morrisey, economist and professor emeritus of business at the University of Maryland. Meanwhile, there were new highs for the major stock market indexes. The S&P 500 hit its 38th record close this year. The Dow also reached a record. Also of note, small cap stocks continue to outperform the giant tech stocks. 20 minutes now in front of the hour on This Morning, America's First News. Coming up next, pulled over by police, a Florida man makes a swim for it.