The UK’s bright weather is lifting spirits and helping fill cash registers, @lararhiannonw writes, but it also comes with challenges (via @opinion) https://t.co/xfWrrZDopP ...

Market Overview - The market has recovered most of its losses from earlier in the quarter, finishing strong despite initial turbulence caused by President Trump's trade policies [1][2] - The upcoming week is expected to be shortened, following a quarter that started poorly but ended on a high note, emphasizing the importance of maintaining a steady investment approach [2] Company Insights - Constellation Brands is expected to report disappointing earnings, reflecting broader challenges in the consumer packaged goods sector [4] - The company faces headwinds from the rise of GLP-1 weight loss drugs and increasing consumer preference for cannabis, which are negatively impacting alcohol sales [4] - Constellation Brands' sales are particularly affected by Trump's immigration policies, as approximately half of its beer sales come from Hispanic consumers who are now spending less due to concerns over employment [4] Economic Indicators - The Chicago Purchasing Managers' Index will be released, serving as a key indicator of the industrial economy's health, with potential implications for Federal Reserve interest rate decisions [3] - Mortgage application figures are anticipated, which have been described as a significant burden on the economy [5] - The labor report set to be released on Thursday is critical; weak data could lead to renewed criticism of Fed Chair Jerome Powell and raise the possibility of a rate cut in July [5]

Joining us now, Seth Carpenter, global chief economist at Morgan Stanley. Steve Leeman, uh, is also here, Steve. Um, welcome, Seth.Good to have you on. Let me just Let's I you know, I said immediately, wow, we got good reasons and bad reasons to cut. Yeah, there's a lot to get through here, Joe, and I think we're still seeing maybe some distortions from tariffs and some also some of the changes going on from the Trump administration.So, just to get to the income number, which Rick correctly raised, you know ...

US consumer spending declined in May by the most since the start of the year https://t.co/hSJlLE6F8w ...

US consumer spending declined in May by the most since the start of the year https://t.co/wuDir2JXg1 ...

Core Viewpoint - Carnival Corp reported strong fiscal second-quarter results, exceeding expectations, but shares traded lower amid a challenging market environment [1][2]. Group 1: Analyst Ratings and Price Targets - Goldman Sachs analyst Lizzie Dove maintained a Buy rating and raised the price target from $31 to $33, citing significantly better-than-expected results and conservative guidance [2]. - Stifel analyst Steven M. Wieczynski reaffirmed a Buy rating and increased the price target from $33 to $34, noting gross and net revenues of $6.3 billion and $4.9 billion, respectively, which surpassed consensus estimates [4]. Group 2: Financial Performance and Guidance - Carnival's management raised full-year guidance for adjusted earnings from $1.83 per share to $1.97 per share and for adjusted EBITDA from $6.7 billion to $6.9 billion [4]. - The company indicated that 2026 bookings are approaching record levels, which may alleviate investor concerns regarding cruise demand [5]. Group 3: Market Context and Strategic Positioning - Despite a murky macro and geopolitical environment, Carnival's local European exposure and focus on drive-to/shorter itineraries from the U.S. provide a buffer against potential headwinds [3]. - Analysts highlighted the significant free cash flow generation currently being produced, which will assist in deleveraging Carnival's balance sheet [5].

Visa CEO Ryan McInerney said Tuesday that despite bleak sentiment data and a pullback in sectors like travel, U.S. consumer spending remains overall strong. ...

I want to get your reaction to not only the US stock futures but also the oil market considering what we saw from the president if you go on social media of course. Uh the president posting about the potential for regime change over in Iran saying it's not politically correct but basically uh positing whether or not that might be the right decision there. Surprised that we're seeing such a muted reaction again in equities and in oil after this? It is. I was talking to people over the weekend and I was like, ...

Monetary Policy Impact - The Federal Reserve's actions, whether tightening or easing, significantly influence the economy and investment landscape [1][2] - Interest rate hikes by the Fed can lead to economic slowdown, stock market declines, and reduced business investment [1][3] - Conversely, interest rate cuts can stimulate economic activity by lowering borrowing costs and encouraging spending and investment [4][5] Economic Cycle - Higher interest rates increase borrowing costs for companies and individuals, leading to project cancellations and layoffs [3][4] - Lower interest rates decrease the incentive to save, prompting increased spending and investment in riskier assets [5] - A cycle of increased consumer spending and business expansion can be triggered by Fed easing, leading to job creation and further economic growth [6][7] Sector Analysis - Financials typically benefit from higher interest rates, but not as much from lower rates [6]

[Music] US retail sales fell nearly a full percentage point in May, more than the 610 of a percent that was expected. Does that suggest US consumers are tapped out or an expected outcome after tariff fears drove panic spending. Joining me now, we've got Deborah Wineswig, who is the Corsite Research founder and CEO.Still with me here as well, we've got Peter Chair of Academy Securities. Deborah, good to see you back here with us this morning. First, just want to get your read in on the retail sales data that ...