Resumption of student loan payments could crowd out 2-3% of U.S. discretionary spending, notes Tom Nikic. He discusses how student loan repayments could affect discretionary spending. He talks about how there are lots of puts and takes in apparel and footwear and global brands look the most insulated. He highlights that companies with high domestic skews would seem to have more risk. Tune in to find out more about the stock market today.