Despite tariffs, stick to inflation, and the lack of key data, the outlook for spending remains bullish, according to the Mastercard Economics Institute. Here with us now at Post9 is chief economist of the Mastercard Economics Institute, Michelle Meyer. It's good to have you back.Welcome. >> Thank you. >> So, what do you guys expect. >> Well, exactly what you said.I mean, the consumer is still very much engaged despite all of these different headlines. They're trying to navigate relative price differentials ...

Let's stay on top of retail as we gear up for Black Friday this week. Our next guest already seeing strong traffic for the first half of November, anticipates a robust holiday season. Joining us now is Tango President and CEO Steven Yalof.Great to have you back. Welcome. >> Thank you for having me back.>> So, this is kind of counter to some of the doom that we see in some of these retail stocks and reports of what's going on with the consumer. What are you seeing. >> The consumer shopping. I think the consu ...

Get to Mackenzie Tagalis with a news alert here out of Amazon. Another one, McKenzie. >> Hey Sarah.So, Amazon is making its biggest bet yet on AI for the federal government, announcing a $50 billion investment to construct the first ever AI and supercomputing data centers built specifically for US agencies. Now, the project will add nearly 1.3% gawatts of compute capacity across AWS's top secret, secret, and gov cloud regions, giving government customers access to the same AI tools that Amazon offers enterp ...

Don't go anywhere, Mike. Let's bring in UBS alignment partners managing director Ali McCartney who joins us here at Post9 as well. It's great to see you.Welcome. You good morning. >> Um, you think this whole process has been net healthy for the markets.>> Yeah, so I building off of everything which I have totally agreed with both from a what I've seen in an institutional landscape and an individual landscape. Last week was a gift. Last week was a gift where there was consolidation where many types of funds ...

Getting a news alert this morning on Kohl's announcing some new leadership today. Our Courtney Reagan just got off the phone with the now permanent CEO Court. >> That's right, Carl.Good morning. So, Kohl's announces the third CEO in the last three years or so. Interim CEO and board member Michael Bender has been named permanent CEO.This was done after an external search, I'm told. Kohl's has struggled recently, but the street seems hopeful about its turnaround shares up here today and up 138% since Bender s ...

The senior population in the US is growing significantly, but caregiving is struggling to keep up. According to the US Census Bureau, the population of people ages 65 and older in the country grew from 12.4% in 2004 to 18% in 2024. And the number of older adults outnumbered children in 11 states, up from just three states in 2020.And according to the US Bureau of Labor Statistics, the prices for senior care services are rising faster than the price of inflation. In September, the consumer price index rose 3 ...

Our next guest firm offers ETFs with some downside protection for the cryptocurrency in the event of a sell-off but with less reward to the upside. Joining us this morning is John Kadunas, CEO of Calamos Investments. John, appreciate the time this this morning.Good to see you. >> Good to see you. Good morning.H >> have we are we moving into an environment where it's less about leveraged uh ETFs exposed to the coin and more about protection. >> Well, look, I I we were never fans of leveraged uh Bitcoin. Ther ...

Basketball Hall of Famer Chanty Bilips appearing in a Brooklyn courthouse this morning. This part of of course the bombshell story around mafia ties to illegal poker games. Contessa Brewers been following the story for us and has the latest.Contessa >> David, the most notable suspect here is Trailblazers coach and Hall of Famer Chanty Bips named with 30 others in a searing indictment that outlines a complicated illegal poker ring arranged by the mob that cheated players collectively out of millions of dolla ...

progression of the disease. Didn't turn out as planned, and the stock is down 7%. >> Yeah, off off the lows though a little bit is is novo.Speaking of new highs, take a look at alphabet. It's another new high this morning. Every day seemingly co-founder Larry Page now the world's second richest person.He just passed Larry Ellison. He's worth around $257 billion. The latest move.The stock, of course, comes as a key figure in Silicon Valley, praises the company's new AI model. And Deirdre Bosa has the details ...

Economic Outlook & Uncertainty - The economic outlook for 2026 is uncertain due to confusing economic indicators [1][2] - Policy driving inflation and a large, growing deficit contribute to economic uncertainty [3] - The economy is not well-poised to handle a shock [3] Tariffs & Inflation - Tariffs are considered inflationary [4] - Wholesalers initially absorbed tariff costs, but these are now starting to impact prices, including food [5] - Economic analysis suggests tariffs ultimately translate to higher prices [6] - Tariff revenue is offsetting the deficit increase from the budget bill, but this may not continue if tariffs are challenged [8] Trade Deficit & Tariff Effectiveness - Tariffs have not rescued the deficit [9] - The trade deficit is wider year-to-date [10] - The primary benefit of tariffs has been creating a negotiating environment, though this is not considered a sustainable approach [11] - Higher prices and a weaker global economy are negative consequences of tariffs [12] Impact on American Households - Americans are worried about the cost of healthcare, housing, and food, which consume most of their paycheck [13] - Potential loss of healthcare support could lead to significant cost increases or lack of coverage for millions [14] - An eighth of the country faces extreme insecurity when nutrition benefits (SNAP) are threatened [16] - The economy is lopsided, with those living paycheck to paycheck struggling [17]