We continue continue to see some stress on the consumer. And if you if you just take the second quarter as an example and you go month by month in June, we saw gas prices tick up above $4 a gallon. And I think there's some psychological uh perhaps impact to that.And we certainly saw among our customers and members that there were more they were more choiceful during that period of time that they're seemingly making tradeoffs because their wallets are stretched. It's why it's so important for us though to le ...

NEWS CONTINUES RIGHT NOW. >> AND GOOD MORNING. IT'S 10 A.M. EASTERN, 7 A. M.ON THE WEST COAST. I'M CHRISTINE ROMANS. LET'S GET YOU CURRENT TRIPLE DIGIT HEAT.BRUTAL TEMPS IN THE SOUTH HAVE SCHOOLS STRUGGLING TO STAY OPEN. PLUS A NEW THREAT OF SEVERE STORMS FACE TO FACE. PRESIDENT TRUMP WANTS A NEW MEETING WITH NORTH KOREAN DICTATOR KIM JONG UN.WE'RE LIVE AT THE WHITE HOUSE. GRIPPING NEW TESTIMONY IN THE TRIAL OF LINDSAY CLANCY, HER LAWYERS NOW ARGUING THE MENTAL HEALTH CARE SYSTEM FAILED HER. AND FIVE AMERIC ...

Retail & Consumer Sector - Walmart reported a rare quarterly sales miss with growth slowing to 2.6% in the last quarter, marking its lowest rate in six years [2][3][71] - Walmart shares fell more than 7% to over 9% following the disappointing earnings report [52][68][141] - Pharmacy business dragged on Walmart due to federal drug price negotiations making drug prices lower [3] - Walmart implemented up to 11,000 price rollbacks while competitors like Target reduced prices on 10,000 items amidst aggressive retail competition [76] - US national debt topped $40 trillion for the first time, more than doubling over the past decade [25] Technology & AI Sector - Meta quietly became one of Microsoft's largest AI customers, spending hundreds of millions of dollars a year to access AI models through Microsoft's Azure cloud services [6][163] - Alibaba reported underwhelming earnings with profits plunging more than 75% as the company increases spending on AI while Chinese consumers pull back [122] Macroeconomic & Market Dynamics - US Treasury 30-year yields and bond markets faced continued pressure, remaining just a few basis points away from levels seen prior to the Treasury buyback announcement [24][87] - Brent crude oil prices climbed, trading around $93 to $94 per barrel [50][120] - Private buyers of US Treasuries, including mutual funds, foreign investors, banks, and households, now hold 70% of Treasuries compared to 30% a decade ago [20]

Market Dynamics & Trends - US stock indices exhibit overall weakness, accompanied by market concerns over Anthropic challengers, ARR second-derivative deceleration FUD, and impending IPOs [1] - Market liquidity and sector rotation velocity accelerate significantly following the SPCX pre-IPO period, preceding a major market correction in July [1] - The impending second trillion-dollar scale catalyst is projected to generate non-positive drivers for the broader Artificial Intelligence sector, excluding Artificial Intelligence healthcare [1] Macroeconomic & Industry Signals - Walmart ($WMT) earnings reports indicate cooling signals on the consumer demand side [1] - Semiconductor sectors experience pullbacks while approaching the NVIDIA earnings report scheduled for August 26th [1] - Market capital shifts entirely toward defensive and withdrawal positioning amid overall index corrections [1]

I'm Peter Shack. Now, CNBC. Wall Street's major averages are sliding as crude oil prices and treasury yields both rise.That comes a day after the stock market rallied and yields fell as Treasury Secretary Scott Bessant announced the government's intention to increase buybacks of longerdated Treasury securities. Those yields have rebounded today, but Bessant says the Treasury will keep trying to drive yields down. We believe that there are many underlying factors in ter that the market is not looking at and ...

Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. Chapters: 00:00 Treasury Bond Rescue Tests Fed Credibility 05:25 Fed's Warsh Needs to Launch Operation Twist — Peter Tchir, Academy Securities 19:22 Trump's Iran Sanctions Risk a Clash With China — Peter Tchir, Academy Securities 32:04 Treasury's Bond Fix Won't Solve Long-End Pressure — Col ...

What went wrong with this stock and these earnings this morning. Yeah. So I'd I'd say there was a a lot of expectation movement down into the print, some alternative data out there that q two sales growth might be somewhat weak.We did get that headline number of US same store sales growth only 2.6%. There is some regulatory pharmacy issues in there. A lot of these drug prices got pushed down part of the inflation reduction act that's hitting now.So that was about a 125 basis point headwind. But with such a ...

We have the second quarter earnings out from Walmart and the they came in at 81 cents a share which includes a benefit from tariff refunds. Revenue was above forecast and Walmart also raised its outlook for fiscal 27 which ends in January. Same store sales for the US came in below estimates with the retailer citing headwinds in the health and wellness category.Andrew, that is a GLP1 reference, I. ...

I'm Peter Shack now. CNBC stocks have opened lower as Treasury yields rebound and oil prices rise. Stocks had benefited from lower yields yesterday after Treasury Secretary Scott Bessant announced a significant increase in Treasury debt buybacks.The Dow Jones Industrial Average 349 points lower at 53,114. The S&P 500 falling by a quarter percent. The Nasdaq Composite is 4/10en of a percent lower.Shares of Walmart are sliding more than 8% this morning. Walmart's quarterly revenue did beat forecasts and it ra ...

Walmart Shares Sink 8% After Slowest U.S. Sales Growth Since 2020https://t.co/Htz8fPWnb2 https://t.co/jdhlDC7dGs ...