Bloomberg
Nike Turnaround Hits Snags Amid Inventory Reset, Tariffs
Nike's turnaround effort is facing challenges due to inventory clearance and the impact of the growing trade war. Kim Bhasin has more on "Bloomberg Open Interest."
Curated Video
Retail sales up slightly after decline in January
Consumer sentiment was down in March, but experts note that how people feel about the economy doesn't always match their spending habits. (Scripps News)
Bloomberg
February Inflation Cools
Inflation cooled in February, offering some good news for the Fed and consumers after months of stalling progress. Tariffs will test the resilience of US consumers and the broader economy. Carla Vernón, CEO of The Honest Company, a...
Bloomberg
BofA's Moynihan Sees Consumers Spending, Fed on Pause
Bank of America Chair and CEO Brian Moynihan says the consumer is still spending and the Federal Reserve is done cutting rates until inflation is under control during an interview on "The Asia Trade."
Curated Video
How much of an effect could Feb. 28's one-day economic boycott have?
On what is normally a payday for many Americans, millions are being asked to spend a dime as part a nationwide boycott against major companies and banks. (Scripps News)
Bloomberg
Why Inflation Expectations Are Surging
University of Michigan Surveys of Consumers Director Joanne Hsu discusses the current state of US consumer sentiment. Consumers expect prices will climb at an annual rate of 3.5% over the next five to 10 years, according to the final...
Bloomberg
Fed's Jefferson Says Economy Strong, Policy Can Take Time
Federal Reserve Vice Chair Philip Jefferson says a strong economy allows policymakers to take their time before considering any additional cuts to interest rates during remarks at an event at Vassar College in Poughkeepsie, New York.
Curated Video
Congress is taking another bipartisan look at whether to cap credit card interest rates
There's a bipartisan debate underway in Congress to potentially cap credit card interest rates — and it involves an unlikely pair of lawmakers. (Scripps News)
Bloomberg
US Core PCE Muted, Consumer Spending Solid in Dec.
The Federal Reserve's preferred measure of underlying US inflation, the so-called core personal consumption expenditures price index saw a modest rise of 0.2% from November, while household spending rose 0.7% in December. Michael McKee...
Bloomberg
Consumer Sentiment Drops on Tariff, Employment Concerns
The final January sentiment index decreased to a three-month low of 71.1 from 74 in December, according to the University of Michigan. Consumers expect prices will climb at an annual rate of 3.2% over the next five to 10 years, up from...
Bloomberg
Netflix Earnings Report | Closing Bell
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Alix Steel, Scarlet Fu, Carol Massar and Tim Stenovec.
Bloomberg
Inflation Expectations Reach Highest Level Since 2008
Americans expect prices will climb at an annual rate of 3.3% over the next five to 10 years, up from the 3% expected last month, according to the University of Michigan's preliminary January survey. Mike McKee reports on "Bloomberg Open...
Bloomberg
Why the Nordstrom Family Is Taking the Chain Private
Telsey Advisory Group CEO and Chief Research Officer Dana Telsey reacts to the Nordstrom family joining forces with a Mexican retailer to take its namesake department store private in an all-cash transaction valued at about $6.25...
Bloomberg
Australians to Spend Less This Christmas, Survey Shows
A survey by Finder.com shows Australians are set to spend $28.4 billion this holiday season, down 5% on last year. Consumer spending has been at the epicenter of the weakness in demand, as households battled a combination of elevated...
Bloomberg
BofA's Moynihan on Consumer Spending, Fed, Regulation
Bank of America Chairman and CEO Brian Moynihan talks about consumer spending, the need for the Federal Reserve to cut interest rates "a little," and how regulators need to take a closer look at the rules for banks. He speaks to...
Bloomberg
Citigroup Sees China's Larger Fiscal Stimulus Going Into 2025
Johanna Chua, head of emerging market economics at Citigroup Global Markets, shares her take on the latest figures out of China, and discusses government and central bank policies. China's retail sales growth unexpectedly weakened in...
Curated Video
Retailers ready for big Cyber Monday, after record Black Friday sales
More than 72 million people are expected to shop during Cyber Monday, according to the National Retail Federation. Consumers already set spending records this Black Friday. (Scripps News)
Bloomberg
Fed's Preferred Measure of Inflation Picks Up
The core personal consumption expenditures price index, which strips out volatile food and energy items, increased 2.8% from October last year and 0.3% from a month earlier, according to Bureau of Economic Analysis data. Mike McKee...
Bloomberg
Hermes Sales Jump in 2Q, Outperforms Luxury Peers
Hermes sales jumped in the second quarter as the company weathered the luxury demand slowdown better than peers. Hermes' two biggest units, leather goods and saddlery and ready-to-wear and accessories, saw double-digit growth rates....
Bloomberg
Why Young People Are in So Much Debt
Younger Americans face a financial crisis. Their growing debt burden has far outpaced that of older generations, and it's only getting worse. Here's what's behind it.
Curated Video
Consumer spending is still robust, even amid broader concerns about the economy
Heading into the holiday season, Americans are showing they're still willing to spend money and grow the economy. (Scripps News)
Curated Video
US economy grew at a solid 2.8% pace last quarter on strength of consumer spending
The U.S. economy grew at a healthy 2.8% annual rate from July through September, with consumers helping drive growth despite the weight of still-high interest rates. (Scripps News)
Bloomberg
Citi's Apabhai on SVB Fallout
Mohammed Apabhai, Head of Asia Trading Strategy at Citigroup Global Markets, says the issues triggered by the collapse of Silicon Valley Bank may be around a few individual banks. He speaks with Rishaad Salamat, David Ingles and Yvonne...
Bloomberg
BofA's Moynihan on Economy, Lending and Fitch Downgrade
Bank of America Chair and CEO Brian Moynihan discusses the current macroeconomic environment, lending activity and new capital requirements. Speaking with David Westin on "Wall Street Week Daily," Moynihan says Fitch's downgrade doesn't...