Well, KB Home cutting its revenue outlook for the year after reporting weak second quarter results. This is the housing market. It remains sluggish with existing home sales seeing their worst May since 2009.Joining me now, we've got Meredith Whitney, Meredith Whitney Advisory Group CEO. Meredith, good to have you back on Yahoo Finance with us. We we just heard remarks from Fed Chair Jerome Pal that he plans to keep rates on hold.So, what is the risk that that poses to the housing market. Well, the housing m ...

The Conference Board's Consumer Confidence Index fell in June as consumers signaled caution on big-ticket items and continued to watch for the impact of tariffs. https://t.co/9ONa0alSHy ...

Market Overview - The stock market shows positive momentum with the Dow up +265 points (+0.62%), S&P 500 up +42 points (+0.70%), Nasdaq up +213 points (+0.97%), and Russell 2000 up +18 points (+0.87%) [1] - Bond yields remain stable with the 10-year yield at +4.35% and the 2-year yield at +3.85% [2] - Oil prices are stable, with WTI at $65 per barrel and ICE Brent crude at $67 [2] Housing Market - The Case-Shiller Home Price Index reports a +2.7% year-over-year increase in home prices, which is below the expected +4% growth [3] - New York City leads in price growth at +7.9%, followed by Chicago at +6.0% and Detroit at +5.5%, while Tampa shows a decline of -2.2% [4] - Thirty-year fixed mortgage rates were in the mid-6% range for most of April, with expectations of further challenges as rates approach 7% [4] Federal Reserve Insights - Fed Chair Jerome Powell is scheduled to testify before the House Financial Services Committee regarding the economy's health and potential interest rate cuts [5] - Powell's previous statements indicate a steady Fed funds rate of 4.25-4.50% for the fourth consecutive meeting, with no significant changes expected in his upcoming appearances [6] Consumer Confidence - The June Consumer Confidence index is anticipated to rise to a consensus of 99.5, following a previous increase to 98.0, after a significant drop to 85.7 due to "Liberation Day" tariffs [7] - Historical data shows Consumer Confidence peaked at nearly 140 in 2018 and fell below 30 during the 2009 financial crisis [8]

All right, first we got consumer some consumer confidence data crossing. Rick Santelli has that for us. Rick.Yes, David. These are June numbers from the conference board. Uh headline number expected to be very close to 100.A bit of a disappointment. 93. 93 would be the best.Well, just since March, so not that long ago. But the real issue is in between then and now we had some really weak reads that proved to be very much should have been a contrarian indicator because the market went much higher. If we look ...

As of June 2025, the US economy continues to defy some expectations as the labor market shows some strength even with inflation moderating. The latest jobs report on June 6th showed non-farm payrolls grew by 139,000 in May. This surpassed the forecast of 125,000 jobs, while the unemployment rate held steady at 4.2%.Meanwhile, the most recent CPI report on the 11th showed inflation below expectations at 2.4% year-over-year in May with core steady at 2.8%. Earlier worries that tariffs was going to at the same ...

Chinese retail sales rose more than expected in the past month. A National Bureau of Statistics spokesperson attributed the spike to stimulus like the consumer goods trade-in program in the upcoming 618 shopping festival. But challenges to the Chinese economy including persistent inflation and trade uncertainty that yeah still persists with industrial growth slowing from April.for a read on what this means for international investors. I want to bring in Jay Peloski who is the TPW advisory founder. Good to h ...

Group 1 - Truist Financial Corporation's CEO, William Henry Rogers, noted that there has been momentum in loans and deposits, which continued into the first quarter of the year [5]. - Clients are currently adopting a "wait and see" approach due to market volatility, but there is a gradual increase in clarity regarding future opportunities [5]. - Consumer confidence remains strong, as evidenced by continued spending [6].

Core Viewpoint - Lululemon is facing challenges due to economic factors, including tariffs imposed by President Trump and reduced consumer spending, leading to a decline in sales growth and customer dissatisfaction [1][7][12]. Company Performance - The company reported only a 1% year-over-year increase in sales, falling short of the 3% forecast, indicating a struggle to maintain growth amidst economic pressures [4]. - Lower store traffic in the Americas has been attributed to economic uncertainty, inflation, and changes in discretionary spending, affecting even loyal customers [2][7]. Pricing Strategy - Lululemon plans to implement modest price increases on a small portion of its product assortment in response to rising costs due to tariffs [5][11]. - The company is negotiating with vendors to mitigate the impact of tariffs on its pricing strategy [9][11]. Supply Chain and Tariffs - A significant portion of Lululemon's products is sourced from Vietnam (40%) and China (28%), both of which have been affected by tariffs, leading to increased costs for the company [8][14]. - The company attributes its challenges to these tariffs, particularly on goods manufactured in the affected countries [8][12]. Customer Sentiment - There is notable backlash from customers regarding the pricing and manufacturing decisions, with many expressing dissatisfaction on social media [9][11]. - Critics argue that the brand's reliance on foreign manufacturing and high prices is detrimental to its reputation and sales [12][13].

May 27, 2025 10:12 PM GMT Global Macro Commentary | Global May 27 Sharp super-long JGB rally amid speculation for lower long-end issuance; positive EU and US trade developments support US assets; USTs bull-flatten; miss in France CPI; LatAm currencies outperform; Fed's Barkin warns of effects of uncertainty; DXY at 99.58 (0.5%); US 10y at 4.444% (-6.7bp) Please refer to our recent publications and collaborations (Euro Area Rates Strategy: More Room to Go; Hong Kong Macro Strategy, Economics, Property & Bank ...

Core Viewpoint - Carnival's stock has seen significant volatility in 2023, currently trading around $23, down from a 52-week high of $28.72, despite more than doubling since 2022 [1] Group 1: Financial Performance - Carnival reported record quarterly revenue of $5.8 billion in Q1, with operating income nearly doubling year over year to $543 million, driven by strong demand across its cruise brands [6] - Analysts expect Carnival's earnings per share to improve from $1.42 in fiscal 2024 to $1.86 in fiscal 2025, despite the company carrying $27 billion in debt [9] - The company saved $94 million in interest expense last quarter due to lower debt, which has positively impacted profitability [8] Group 2: Market Demand and Pricing - Demand for cruises is exceeding the limited availability of rooms, leading to higher pricing and historically high prices for 2025, with bookings extending into 2026 [7] - The consensus price target for Carnival's stock is $27.73, indicating a potential upside of 20% from current prices [3] Group 3: Risks and Challenges - Declining consumer confidence could weaken demand for cruise vacations, with consumer confidence down for five consecutive months as of April [2][10] - Potential new taxes on cruise lines could negatively impact Carnival's profitability, as indicated by comments from Commerce Secretary Howard Lutnick [11] Group 4: Future Outlook - The upcoming launch of Celebration Key, an exclusive destination, is expected to drive strong demand through 2030, potentially offsetting risks and contributing to revenue growth [13] - If Carnival's earnings reach analyst estimates of $2.46 in 2027, with a fair P/E of 15, the share price could rise to nearly $37, implying a 60% upside over the next few years [13]