Curated Video
Morning Consult Shows Consumer Spending Pullback in March Amid Higher Prices
According to the Morning Consult, consumer spending in March was significantly impacted by inflation even as habits changed from purchasing goods to services as pandemic restrictions ebbed. Kayla Bruun, an economic analyst for the...
Curated Video
Corporate Profits Hit Record High in 2021 Despite Supply Chain Disruptions
Caleb Silver, Editor in Chief at Investopedia, breaks down which industries have the most pricing power and how rising inflation may impact margins in this upcoming corporate earnings release. "They have pricing power, no doubt about it,...
Curated Video
What's to Come With Inflation Hitting a 40-Year High in March
Beth Ann Bovino, the U.S. chief economist at S&P Global Ratings, joined Cheddar to break down the March CPI data and outline the bright spots of consumer spending amid rising costs. She noted that with consumers switching more to...
Curated Video
Consumers Dig Deeper Into Wallets as Retail Sales Rise Amid High Gas Prices
Retail sales grew 0.5 percent in March, largely being attributed to the rise in gas prices. Jharonne Martis, director of consumer research at Refinitiv, joined Cheddar News to discuss why consumer confidence has remained strong despite...
Curated Video
Consumer Sentiment High in Black Friday Survey; Spending Expected to Shine
At least 31 percent of shoppers said they would be shopping on Black Friday in 2021 compared to 24 percent in 2020, according to a survey by professional services company Deloitte. Jenna Pogorzelski, Deloitte retail leader, joined...
Curated Video
Curaleaf CEO on Weaker Than Expected Earnings, Slowing Cannabis Market
Curaleaf CEO Joe Bayern joined Cheddar's "Closing Bell" to discuss the cannabis company's Q3 earnings report, which came in under expectations and included widening losses. Bayern discussed taking a hit on profitability based on the...
Curated Video
Democrats Look to Extend Child Tax Credit Program Through 2025
Congressional Democrats are looking to extend child tax credit payments through 2025 before the program expires at the end of the year. Joe Brusuelas, chief economist at RSM US, joined Cheddar to talk about the impact of the child tax...
Curated Video
Eddie Ghabour Sees Rate Hikes as 'Knockout Punch' for Market Going Forward
The co-owner and managing partner at Key Advisors Group Eddie Ghabour joined Cheddar News to break down the many factors impacting the market today, including the war in Ukraine, Fed rate hikes, inflation, and job numbers. Ghabour...
Curated Video
Home Depot Tops Sales Estimates Despite Retailers Seeing Big July Drop
Retail sales experienced a bigger than expected drop in July after consumers pulled back on spending. Jharonne Martis, director of consumer research at Refinitiv, joined Cheddar to talk about the disappointing report and attributed the...
Curated Video
UK announces $37bn budget to revive economy
It is aimed at saving jobs and pumping new life into an economy battered by the coronavirus pandemic.
Curated Video
Futures Fluctuate as Investors Monitor News of Stimulus Talks
U.S. stock futures were pointing to a mostly lower open this morning, despite the potential for a new stimulus bill after House Speaker Nancy Pelosi expressed some optimism that an agreement could happen as soon as this week. Investors...
Curated Video
Nasdaq Closes at a Record, But Late Pfizer News Cuts Into Gains
Stocks closed mostly higher on Thursday, with Nasdaq ending the day with a record close. However, indexes pared gains after a Wall Street Journal report said Pfizer was slashing half its original COVID-19 vaccine rollout target this...
Curated Video
Is the U.S. really heading for a recession? | About That
The U.S. stock market lost $4 trillion in market value in only weeks, dropping from record highs in the days following Donald Trump's election. About That producer Lauren Bird explains how the uncertainty triggered by Trump's trade war...
Curated Video
Top earners drive US growth as wealth gap grows
The US economy appears strong on the surface, with low unemployment and stable inflation expectations. But beneath the surface, a growing wealth divide is reshaping consumer spending. Let’s break down the numbers and what they mean for...
Curated Video
How much will Vancouver benefit from Taylor Swift’s concerts?
Large signs and decor are popping up around Vancouver before Taylor Swift’s concert. And as concertgoers and tourists start to arrive in Vancouver this week, business owners and city officials will no doubt be looking forward to the city...
Curated Video
Government pausing GST on wide array of products starting December 14
The pause will remain until February and incudes groceries, diapers and more.
Curated Video
'Navigating through fog': Consumer confidence sours despite economy remaining resilient
U.S. consumer confidence fell in June, according to preliminary data out Tuesday from The Conference Board. (Scripps News)
Curated Video
Consumer confidence partially rebounds despite tariff threats
Consumer confidence partially rebounded in May after five straight months of decline, according to a new survey from The Conference Board. (Scripps News)
Curated Video
Inflation slowed in April but tariffs are likely to increase prices soon, according to economists
New data suggests President Donald Trump's tariffs haven't quite caught up with current prices, but experts say the effects will likely become apparent soon. (Scripps News)
Curated Video
Consumers weary amid tariffs, market swings
President Trump's on-again, off-again tariff actions have sparked major stock market swings, and they're leaving consumers and lawmakers hesitant about what's next. (Scripps News)
Bloomberg
Yardeni Sees 'Bizarre Scenario' for US Economy on Tariff Risks
Ed Yardeni, president at Yardeni Research, says he's "struggling with all the confusing information coming out of Washington," and explains the "bizarre scenario" he sees for the US economy due to tariff policies.
Bloomberg
Yardeni Sees Choppy Market, Expects Rebound in Spending
Yardeni Research President Ed Yardeni says the stock market has been "choppy" and expects a rebound in consumer spending. Speaking with Romaine Bostick on "Bloomberg The Close," Yardeni also comments on the outlook for the housing market...
Bloomberg
Michigan Long-Term Inflation Expectations Hit 32-Year High
The University of Michigan's final consumer sentiment index for March fell to 57.0 from a preliminary reading of 57.9 as year-ahead inflation expectations increased from 4.3% to 5.0%. Mike McKee reports on "Bloomberg Open Interest."
Bloomberg
Too Early to Add Back to US Stocks: Bowersock Capital CEO
Emily Bowersock Hill, CEO and founding partner at Bowersock Capital Partners, explains why consumer and business confidence make her firm "neutral to slightly bearish" on US stocks, with a lot of volatility ahead.