Bloomberg
Inflation Causing Spending Patterns to Shift: MikMak CEO
MikMak founder and CEO Rachel Tipograph joins Caroline Hyde and Ed Ludlow to discuss how consumer spending patterns are shifting due to inflation, with a greater emphasis on essential items, and how brands and retailers are trying to...
Bloomberg
CPI Report Shows US Inflation Slowed in May
Both the consumer price index and the core CPI decelerated on an annual basis. Year-over-year inflation is now at its lowest level in two years, according to data from the Bureau of Labor Statistics. Mike McKee reports on "Bloomberg...
Bloomberg
Canadian Wildfires Trigger Air Quality Warnings Across US East
The worst Canadian wildfire season in recorded history spread an orange haze from Massachusetts to South Carolina and as far west as Missouri, threatening to disrupt flights and forcing millions to mask up or stay inside. Bloomberg's...
Bloomberg
Conference Board's Lundh: Data Signal Shallow Recession
The Conference Board's Principal Economist Erik Lundh reviews the key takeaways from the May consumer data. The Conference Board's index declined to 102.3 in May from a upwardly revised 103.7 in the prior month.
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Bloomberg
US Jobless Claims Edge Up as Q1 GDP Revised Higher
Initial unemployment claims increased by 4,000 to 229,000 in the week ended May 20, Labor Department data showed. GDP rose at a revised 1.3% annualized pace in the first quarter. Mike McKee reports on "Bloomberg Surveillance."
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Bloomberg
CLSA on China: Looking for Policy Clarity to Emerge
Eric Fishwick, chief economist at CLSA, discusses the outlook for China's economy and policies. He speaks from the sidelines of the CITIC CLSA Japan Forum in Tokyo with Yvonne Man and David Ingles on "Bloomberg Markets: China Open."...
Bloomberg
US Retail Sales Increase, Highlighting Steady Spending
The value of retail purchases rose 0.4% after an upwardly revised 0.7% decrease in March, Commerce Department data showed Tuesday. Excluding autos and gasoline, sales increased 0.6%. Mike McKee reports on "Bloomberg...
Bloomberg
Consumers Are 'Hanging in There,' Pimco's Wilding Says
"Inflation is still reasonably robust," Pimco Economist Tiffany Wilding says during an interview with Lisa Abramowicz and Tom Keene on "Bloomberg Surveillance."
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Bloomberg
The Key Takeaways From UMich's Latest Sentiment Survey
University of Michigan Surveys of Consumers Director Joanne Hsu discusses the key takeaways from the latest consumer sentiment survey with Alix Steel and Guy Johnson on "Bloomberg Markets." The initial reading from the University of...
Bloomberg
25 Bps Fed Rate Hike Makes Sense Right Now: BofA's Gapen
"The Fed can chew gum and walk at the same time," Michael Gapen, BofA Securities head of US economics, says while addressing the Fed's handling of the SVB crisis while keeping an eye on the broader economy. He speaks during an interview...
Bloomberg
Key Gauge of US Inflation Cools, Spending Moderates
The Federal Reserve's preferred inflation gauge, the personal consumption expenditures price index, rose 0.3% in February after the prior month was revised down slightly. Consumer spending, adjusted for prices, fell 0.1% after surging an...
Bloomberg
Costco Sends Signal About Consumer Spending
Costco says US comparable sales eked out only a 0.9% gain in March after excluding the impact of changes in gasoline prices. Brendan Case has more on "Bloomberg Markets: The Close."
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Bloomberg
LVMH Sales Jump as Chinese Consumers Start to Splurge
Chinese consumers helped LVMH boost sales by 18% in the first quarter. The slump in Chinese demand began to recede as the country moved toward living with the coronavirus. Jinshan Hong reports on Bloomberg Television.
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Bloomberg
What the UMich Sentiment Survey Signals About US Economy
University of Michigan Surveys of Consumers Director Joanne Hsu discusses the key takeaways from the latest consumer sentiment survey with Alix Steel and Dani Burger on "Bloomberg Markets." The University of Michigan's consumer sentiment...
Bloomberg
IMF Urges China to Find Ways to Boost Consumption
"Finding ways to boost consumption over time would increase living standards and can also drive growth." Steve Barnett, senior resident representative in China of the International Monetary Fund, discusses the prospects for the world's...
Bloomberg
Fed Says Economy Stalled in Recent Weeks
The US economy stalled in recent weeks, with hiring and inflation slowing and access to credit narrowing, the Federal Reserve said in its Beige Book survey of regional business contacts. Bloomberg's Mike McKee reports.
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Bloomberg
US Consumer Confidence Dips
Lisa Ellis, Senior Research Analyst at MoffettNathanson, joined Alix Steel and Guy Johnson on "Bloomberg Markets: Americas" on Tuesday morning. Ellis says Visa earnings will give a strong view into consumer spending.
Bloomberg
Consumers Expect Recession: Conference Board's Peterson
Conference Board Chief Economist Dana Peterson expects 1.5%-2% GDP growth and discusses how consumers see the economy with Tom Keene and Lisa Abramowicz on "Bloomberg Surveillance."
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Bloomberg
Bank Tremors
Brian Moynihan, Bank of America CEO dives into the lasting effects we've seen after the failure of Silicon Valley Bank. And Darrin Williams, Southern Bancorp CEO explains how the most recent bank failures have affected regional banks'...
Bloomberg
Turnaround Specialist Etlin Expects Retail Debt Shakeout
Holly Etlin, a partner at AlixPartners and interim CFO at Bed Bath & Beyond, discusses the state of distressed debt in the retail industry with Scarlet Fu and Romaine Bostick on "Bloomberg Markets: The Close."
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Bloomberg
China's Holiday Travel, Spending Surge
Travel and spending in China surged over the Labor Day holidays as consumers emerged from three years of pandemic restrictions and Covid waves, giving a boost to the economy's recovery. Catherine Lim and Angela Hanlee discuss the surge...
Bloomberg
Chinese Prefer Luxury Shopping at Home After Covid
China's big-spending shoppers are back, to the relief of the global luxury industry but, they are doing more of their shopping at home, even with mainland borders open again. Shirley Zhao reports on Bloomberg Television.
Bloomberg
Defiance ETFs on Global Markets
Sylvia Jablonski, CEO and CIO at Defiance ETFs, discusses her views on global markets and shares her investment strategies, as well as expectations for the upcoming Fed decision. She speaks with Shery Ahn and Haidi Stroud-Watts on...
Bloomberg
Barclays CEO Speaks Exclusively To Bloomberg (Full Interview)
Barclays CEO CS Venkatakrishnan speaks to Bloomberg's Francine Lacqua in an exclusive interview, covering the lender's results, recent sector turmoil, market outlook and returning to the office following his cancer treatment. Barclays'...