Core Insights - The company is experiencing stable business performance without significant downturns or recoveries in the industry, indicating resilience in consumer demand for boats [1][3] - Cash buyers remain strong in the market, while payment buyers are showing some reduction in activity [2][3] - The introduction of 11 new boat models this year has contributed to maintaining consumer interest and sales [3] Pricing and Tariffs - Tariffs have resulted in a price increase of approximately 1.5% to 3% due to impacts on suppliers, but the overall effect is manageable [4] - The company is actively working to offset these price increases to maintain competitiveness [4] Market Segmentation - Sales are steady across various price points, with a noted decline in value boats being compensated by increased sales of higher-end models, including boats priced up to $2 million [6][7] - The company plans to expand its offerings to include larger and more feature-rich boats in response to consumer preferences [8] Technology and Responsible Boating - The company is focusing on integrating advanced technology into boats to enhance user experience while promoting responsible boating practices [10][11] - Collaboration with industry organizations is ongoing to address concerns related to boating impacts on lakes and shorelines [11] Consumer Sentiment and Economic Policy - The company emphasizes the need for improved consumer confidence and sentiment to drive sales, indicating that current economic policies may not be resonating with consumers [13]

Group 1: Job Openings and JOLTS Data - Job openings for August are reported at 7,227,000, marking the best number since June [1] - The previous month's job openings were revised upward from 7,181,000 to 7,208,000, making it the second weakest month of the year [2] - March recorded the lowest job openings of the year at 7,200,000 [2] Group 2: Conference Board Consumer Confidence - September consumer confidence numbers from the Conference Board are disappointing, with a headline figure of 94.2%, the weakest since April [3] - The present situation index is reported at 125.4%, the lowest since September 2024, significantly below the August final of 132.4% [3] - Expectations index stands at 73.4%, the weakest since June, and lower than the previous month's 74.7% [4]

conference board and Jolts on the tape as well. Let's get to Rick Santelli again. Hey Rick.>> Yes, on Jolts. This is an August read. Openings expected to be right around 7.2% million.A little bit extra horsepower. 7,227,000. That'll be the best number since well just June.But in the rearview mirror, a nice upward revision. Last month originally reported 7,181 becomes 7,208. And it's significant because that now changes the dynamics.That would have been last month, July, the weakest of the year. Moving it to ...

LIVE Dow Slips, but Wall Street Is Shrugging Off Shutdown Fears Last Updated: Updated 1 hour ago Consumer Confidence Falls Again in September By Sabrina Escobar September's consumer confidence reading fell to its lowest level since April, registering its largest drop in a year as fears over a slowing labor market weighed on Americans' perceptions of the economy. The Conference Board's consumer confidence index fell to 94.2 in September. Economists polled by FactSet were expecting the index to tick down to 9 ...

US consumer confidence fell in September to a five-month low on concerns about a cooling labor market and the broader economy https://t.co/KE1oW7cIJT ...

French stocks are turning in a mixed performance in lackluster trade on Monday amid a lack of triggers. Investors are mostly cautious, looking ahead to some crucial economic data later in the week.Luxury stocks are finding some support.The benchmark CAC 40, moving between 7,872.29 and 7,901.23, was up 2.89 points or 0.04% at 7,873.57 a few minutes ago. Kering, STMicroElectronics, EssilorLuxottica, Hermes International, Eurofins Scientific, Stellantis and LVMH are gaining 1.1 to 1.8%.Thales is up nearly 1%. ...

U.S. markets are riding record highs on optimism that consumers will keep spending. But confidence is weakening amid a stagnant job market and tariff-driven inflation. Cleveland Fed President Beth Hammack said markets remain bullish, yet consumer sentiment surveys show sharp declines, with households increasingly worried about their job prospects and rising prices. Since the end of the pandemic, consumers have proved to be the backbone of the American economy—much to the surprise of some of Wall Street’ ...

Market Recovery and Performance - The stock market has shown a remarkable recovery since early-April lows, achieving double-digit returns due to optimism from stimulus measures and Fed interest rate cuts [1] - Major market averages, including the S&P 500, reached all-time highs in September, despite concerns about stock valuations [2][3] - The S&P 500 is currently trading at a forward price to earnings (P/E) ratio of 22.6, which is higher than the level before the index fell 19% due to tariffs [3] Investor Sentiment and Market Dynamics - Concerns over the S&P 500's P/E ratio have kept many investors on the sidelines, potentially leading to future price increases as these investors may eventually enter the market [4] - Analyst Ryan Detrick suggests that the stock market's record-setting run may continue, despite the lack of guarantees in investing [5] Economic Indicators and Inflation - Despite initial fears that tariffs would lead to inflation and economic downturn, inflation remains manageable but has started to rise again, with the Consumer Price Index (CPI) at 2.9% in August [6][9] - The August inflation reading is the highest since January 2025, and a breakout above 3% could negatively impact economic growth and interest rate expectations [7] Market Index Performance - Since April's low, the S&P 500 has gained 32.7%, the Nasdaq has increased by 46.7%, and the Dow Jones Industrial Average has risen by 22.4% [8] Labor Market and Consumer Confidence - Unemployment is on the rise, and consumer confidence is weak, which poses challenges for the Fed's dual mandate of maintaining low inflation and unemployment [9][10]

Consumer Confidence Trends - Consumer confidence among middle-class Americans has significantly declined, with the University of Michigan index dropping to 55.4 in September from 70.1 a year ago [1] - Morning Consult's daily sentiment index indicates a sharp decline in middle-class consumer confidence during the summer, contrasting with relatively stable views among higher-income Americans [2][3] Economic Challenges for Middle-Class Consumers - Middle-income Americans, earning between $50,000 and $100,000, experienced a drop in confidence from a peak of 113.2 to a low of 99.5 in June, with the index at 98.7 as of mid-September [3] - Retailers report that middle-class shoppers are adjusting their spending habits, with Walmart and Kohl's noting that lower- to middle-income customers are trading down to cheaper products [6][7] Factors Contributing to Economic Anxiety - Economic anxiety among middle-class consumers is attributed to inflation, tariffs, and a softening job market, with economists noting that multiple factors are at play [8][9] - Despite some middle-income households benefiting from rising property values, their incomes and spending have not kept pace with inflation since the pandemic [16] Disparities in Wealth and Spending - The wealthiest 10% of Americans account for over 49% of consumer spending, with upper-income Americans benefiting significantly from rising asset values [12][15] - A two-tiered economy is emerging, where upper-income households thrive while middle-income families face financial challenges [13] Job Market Concerns - The job market is showing signs of weakness, with only 22,000 jobs added in August and a rise in unemployment to 4.3%, the highest since October 2021 [18] - Middle-income families are more reliant on a strong labor market, and current job market conditions are causing increased anxiety about job security [17]

South African consumer confidence fell in the third quarter as middle-income household finances came under strain https://t.co/MRDP6NWuY8 ...