Senator, I want to talk to you about Russia, which I know you've been very focused on. This week, NATO planes, as you well know, shot down Russian drones in Polish airspace. On Saturday, Romania scrambled fighter jets after a Russian drone entered its airspace.You said this week, quote, "We've tried the red carpet approach. It ain't working." Is it time for President Trump to directly punish Putin. >> No. It is time for Europe to get behind President Trump to punish Putin's customers.Putin has been sanction ...

Industry Overview - The retail industry is experiencing a "barbell" effect, with significant growth at both the high-end and low-end, while the middle segment, exemplified by Target Corp., is being squeezed out [1] - Discount retailers like TJX Companies are reporting record revenues and stock gains, while luxury brands such as ULTA Beauty and Kate Spade are also seeing strong sales and maintaining healthy margins [1] Consumer Behavior - Consumers are increasingly seeking value, whether through discounted products or durable luxury items, leading to a K-shaped spending pattern that favors affluent households [2] Company Performance: Williams-Sonoma - Williams-Sonoma has shown resilience against tariff impacts, managing to maintain margins through inventory management and cost reductions [4][5] - The company reported earnings per share (EPS) and revenue that exceeded analyst expectations, with a 3.7% year-over-year growth in comparable sales and an increase in full-year revenue guidance to 2%-5% [7] - The stock has increased by over 30% in the last three months, indicating strong business performance [8] Company Performance: Ralph Lauren - Ralph Lauren has demonstrated resilience in the retail sector, with a 13.7% year-over-year revenue growth to $1.72 billion in fiscal Q1 2026, and an increase in full-year guidance despite inflation concerns [11] - The stock has risen more than 35% year-to-date, supported by strong earnings and a 160-basis-point gross margin increase [10] Company Performance: Tapestry Inc. - Tapestry, which includes brands like Kate Spade and Coach, reported a record revenue of $7 billion for FY 2025, driven by double-digit growth from the Coach brand [15] - The company achieved 8.3% year-over-year growth in revenue for fiscal Q4 2025, with EPS of $1.02, both surpassing analyst projections [17]

India is looking for alternative destinations to cushion the impact of a 50% tariff slapped by President Donald Trump on exports of goods from the South Asian country https://t.co/7ejcCsnaXl ...

Five things to watch uh or to know ahead of the opening bell. Lawyers for President Trump asking a federal appeals court to let his bid to fire Fed Governor Lisa Cook take effect before next week's rate setting meeting. Department of Justice officials want the court to rule by Monday afternoon.Meanwhile, a report from our own Steve Leeman says that Treasury Secretary Scott Bessant met with several candidates to be the next Fed chair. He's met with him in recent days. Among them, former Fed official Larry Li ...

Economic Indicators - The core PCE number, which the Fed focuses on, is expected to remain close to 3%, indicating ongoing inflation concerns [3] - Recent inflation data suggests that the Fed is unlikely to cut rates by 50 basis points in September, but an additional rate cut this year has been added, increasing the total expectation to three cuts [7] Labor Market - There is clear evidence of a weakening labor market, with an ongoing rise in the unemployment rate, which could lead to downward pressure on wages and alleviate inflation concerns in the future [5][4] Market Sentiment - Despite inflation concerns, bullish sentiment in the market is likely to continue, supported by new all-time highs in both the US and overseas markets [6][8] - Investors appear to be looking for reasons to sell stocks, but the current conditions may continue to support and propel stock prices [8] Consumer Impact - The impact of economic conditions on working-class consumers in Q4 is critical, with wealth gains primarily accruing to upper-income consumers rather than lower-income ones [9][10] - Price pressures may persist into the holiday shopping season due to tighter inventories, influenced by tariffs [11] Home Furnishings Sector - The home furnishings subindustry, including companies like Wayfair and RH, has performed strongly, driven by lower rates and increased consumer spending on home upgrades [12]

Inflation & Monetary Policy - Core PCE number is expected to remain close to 3%, posing a challenge [3] - The labor market shows signs of weakening, influencing the Federal Reserve's considerations [3][4][5] - Market anticipates the Federal Reserve is unlikely to cut rates by 50 basis points in September, but now expects three rate cuts this year instead of two [7] Market Sentiment & Performance - Bullish market sentiment is likely to persist, supported by new all-time highs in the US and overseas [6][8] - Investors are actively seeking reasons to sell stocks, but market conditions may continue to support and propel them [8] Economic Factors & Consumer Behavior - AI is projected to contribute approximately 0.5 percentage points to GDP growth through increased capital expenditure [9] - Wealth gains primarily benefit upper-income consumers, with limited impact on lower-income consumers [9][10] - Tighter inventories, partly due to tariffs, may sustain price pressures during the holiday shopping season [11] Retail & Home Furnishings - The home furnishings sub-industry within the S&P 1500, driven by companies like Wayfair, RH, and William Sonoma, has shown strong performance [12][13] - Lower interest rates and people spending more time at home are driving upgrades to home interiors [13]

US tariff revenue hit a new monthly record in August, reflecting President Donald Trump’s tariff hikes, though that still left the federal government with the third-biggest deficit on record so far this fiscal year https://t.co/AtZwlu1oyu ...

Group 1 - The U.S. stock market is experiencing a winning streak following a decline in the August wholesale inflation report, which was unexpected in both headline and core figures [2][4] - Mexico plans to impose a significant increase in tariffs on cars from China, raising the rate from 20% to as much as 50% to protect domestic industry and jobs [2] - Chipotle is expanding its brand into Asia, marking a strategic move for the company [4] Group 2 - Opendoor has appointed Shopify's COO as its new CEO, with co-founders rejoining the company [3] - The IPO of Klarna has seen a strong debut, while StubHub is set to go public next week [4] - Amazon is developing augmented reality glasses to compete with Meta [4]

💥BREAKING:🇺🇸🇪🇺 EU UNLIKELY TO TARIFF INDIA, CHINA AT TRUMP'S REQUEST: RTRS SOURCES. ...

Trump’s tariff authority lands on Supreme Court’s fast track for a ruling with tens of billions of dollars at stake https://t.co/q5VbzD8OsX ...