Uncertainty in the US

5:00 AM ET Tue, 19 July 2011

"There's uncertainty in our whole world in terms of the debt crisis (in the U.S.) and in terms of lending ability," Russ Umphenour, CEO at FOCUS Brands told CNBC. "At the end of the day, our economy is built around how people are feeling. Whether that's the consumer or the lender or a franchise partner, they're all being cautious right now," he added.