Good morning. With falling in full swing, it appears to be a suitable time for a bowel examination on the state of the American consumer. I have captured the financial results that have been reported over the past two weeks by a variety of adult retailers and found a mixed bag. Although there are pockets of optimism, it is clear that consumers are concerned. The large wild card that enters autumn will be the full effect of tariffs, which is expected to feel sharply in the second half of the year. actually, Best purchase The second quarter had a strong, but he did not raise his guidance in the entire year during the August profit call in late August due to the uncertainty in the customs tariff. Many companies rushed to buy them in the spring before the definitions came into effect, but this could protect them for a long time. Here are what some prominent executives see.
Michael Bandar, CEO of Kohl’s: “Consumers are still under pressure and are chosen with their purchases … Customers with average to average giving priority to value and are traded in low open openness points products.”
Sven Todd, CEO of the General dollar: “Searching for value, we see this in all customer groups, which means that our primary customers, medium customers, and sap, are all.”
Ted Decker, CEO of Home Depot: “The first reason for postponing the large project is the general economic uncertainty.”
Cori Barry, CEO of Best Bay: “We have seen both promotional offers and the depth of promotional performances higher than last year, and we assume that it will continue. Customers have continued to be flexible but focus on deals … in the current environment, customers are still studied on the purchase of large tickets while they are ready to spend high -price products when they need to innovate technology or when there is technology innovation.”
Doug McMillon, CEO of Walmart: “With the renovation of the stock in the levels of the afternoon, we continued to see an increase in our costs every week, which we expect to continue in the third and fourth quarters.”
Robert Paul, Financial Director of ABERROROMBIE & Fitch: “Our customer does not come to us for the price. We will not necessarily driver traffic and transfer through the price … We have seen definitions 1.0. We have seen the epidemic. We have seen inflation, cotton spaces, nails for shipment, naming it, and those are the first examples.” Wal MartAbercrombie & Fitch, Public dollarDick Sports goods and Costeco For example, but not limited to. But there is one certain thing: when consumers feel nervous, the executives should also be nervous. –Phil
Communication CEO daily via Diane Brady in [email protected]
Best news
CEO of Nestle Fires has an unannounced romantic relationship
The company said, “The departure of Laurent Frexi follows an investigation into an unannounced romantic relationship with direct subordinate that violated the rules of behavior Nestle.” In a press release. No other details were provided. Freixe was the CEO for almost a year. It will be successful by Nestle Executive for a long time Philip Navratil. “This was a necessary decision. Nestlé’s values and governance are strong foundations for our company. I thank Laurent for the years of his service in Nestle,” Paul Busik Chairman said in the statement.
Moody, eleventh, and Putin literally joins the hands
In the Shanghai Cooperation Organization – a summit that the United States does not attend – Indian Prime Minister Narendra Modi, Russian President Vladimir Putin, and Chinese President Xi Jinping was Hands were filmed Because they received each other. Their warm relationships came a day after President Trump complained to social media that India was very slow to agree to the customs tariff system. “It was a completely unilateral disaster!” books. The United States imposed a 50 % tariff on India in addition to another 25 % tax as a penalty for buying Russian oil. Context: India has placed itself as an alternative to China’s manufacture of supply chains in Western countries. Learn the definitions planning to tear and tend to India, Russia and China from each other, NYT argues.
The Trump family acquires $ 5 billion in Crypto projects
On paper, Trump Carry 5 billion dollars of digital assets were provided after the distinctive symbol, WLFI, was provided for trading in the open market. Trumps hold a little less than a quarter of all the distinctive WLFI codes – which means that if they try to sell it, it is possible that the price will be greatly disturbed.
Trump responds to health concerns
President Donald Trump to publish To the social truth during the weekend that he “never feels better” amid speculation about his physical health. In the same barrage of jobs, the president asked Judge Jia Cope, who oversees the procedures in the court case between the president and the Federal Reserve Governor Lisa Cook, from the case.
Dalio warns of tyranny and religion, again
“I think what is happening now is politically and socially resembles what happened around the world in the 1930-40,” Bridgeater Associats Tell Ray Dalio FT. “By the way, during such times, most people are silent because they are afraid of revenge if they criticize.” He also expected the United States to face a “heart attack caused by debt” in almost three years.
Rebellion and Starling looks forward to obtaining American banks
Fintech platforms revolve and fruit – popular in the United Kingdom – it They both think about getting American banks because the registration process as a bank in the United States is very difficult.
Space: The following job limits
Gen Z workers find it difficult to bring beginners’ jobs more and more as artificial intelligence improves in taking these jobs. Technology pioneers like Sam Altman, Elon Musk and Jeff Bezos Suggest The space may be the next place to search.
Markets
S & P 500 futures contracts 0.48 % decreased this morning. The index closed 0.64 % in the last trading session. Stoxx Europe 600 It decreased by 0.6 % in early trading. FTSE 100 in the United Kingdom 0.64 % decreased in early trading. Japan Nikki 225 It was 0.29 %. China CSI 300 It was a decrease of 0.74 %. South Korea Cuban It was 0.94 %. Elegant India 50 It was flat before the end of the session. Bitcoin It rose to 110.6 thousand dollars.
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