Financial Performance - Constellation Brands' fiscal first-quarter results fell short of analysts' expectations [1] Market Trends - Weak consumer demand was cited by the beverage giant's CEO [1]

China's Economic Slowdown - China Beige Book data indicates a broad slowdown in China's economy, with declines in manufacturing, consumption, and bank borrowing [3] - May data initially appeared positive due to tariff reductions and consumer trade-in programs, but subsequent data revealed a fall-off [2][3] Beijing's Policy Stance - Beijing seems less concerned about the economic situation and is intervening less aggressively than before [4] - This reduced concern is attributed to Beijing's confidence in its leverage in trade discussions with the United States [4] - China is easing rates and engaging in fiscal stimulus, but not to the extent that would be expected in an extreme downside scenario [5][6] Trade War Dynamics - China is perceived to be able to withstand more economic pain compared to Western democracies [8] - China is using export controls, particularly on rare earth magnets, to demonstrate leverage against the United States [8] - China feels it has presented a strong front in the trade war, reducing the immediate need for aggressive economic measures [9] Consumption and Manufacturing - Claims of China transforming into a mega consumer powerhouse are viewed skeptically [10][11] - China's weak domestic demand leads to increased exports and potential dumping of products on global markets [13][14] - Overcapacity in various sectors, including cars and EVs, contributes to the pressure to export [17] Overcapacity and Export Strategy - China's economic model, characterized by weak domestic consumption and strong supply-side support, results in overcapacity being channeled to the global market [17] - This overcapacity can be used strategically to exert leverage on adversaries like the United States, particularly in critical minerals [16]

Company Performance - General Mills CEO discusses earnings [1] Market Trends & Challenges - Addresses consumer demand challenges [1] - Discusses economic uncertainty [1]

Josh Weinstein, Carnival Corporation CEO, joins 'Money Movers' to discuss consumer demand, summer travel and the stock. ...

Joining us now to extend the conversation, I'm pleased to say, is David Kelly of Jp morgan Asset Management. David, I just want your initial reaction to the data we got about 10 minutes ago. Was that a surprise to you, sir.I'm not too much of a surprise. As we were going into this into this print, we were looking at a lot of the different industries. And there's a soggy miss in the economy, which is really preventing prices from going up.I mean, one of the things that I was struck by was that both airline f ...