the rally. CNBC's Peter Book, contributor Peter Bookfar is behind that call. He's the chief investment officer.At one point, BFG Wealth Partners, Peter, great to have you with us. Um, read your note this morning as I normally do and you highlighted some comments from Kagra. So there's both the trade related to Kagra which you have but also um the commentary that you pulled out of the conference call and I want to start off with the commentary and what it tells us about the consumer because management sounde ...

U.S. consumer sentiment dropped in September to its lowest reading since May, according to the University of Michigan Survey of Consumers. This signals that worries about inflation, job security and overall economic direction are firmly on people's minds. What Does Consumer Sentiment Mean? Consumer sentiment measures the level of optimism or pessimism people feel about their personal finances and the overall economy. When the index is high, it typically indicates that households are confident about their ...

Q1 FY26 Financial Performance - Organic net sales decreased by 0.6% to $2,611 million[58] - Adjusted gross margin decreased by 153 bps to 24.4%[58] - Adjusted operating margin decreased by 244 bps to 11.8%[58] - Adjusted EPS decreased by 26.4% to $0.39[58] Segment Performance - Grocery & Snacks net sales decreased by 1.0% to $1,080 million[61] - Refrigerated & Frozen net sales increased by 0.2% to $1,076 million[61] - International net sales decreased by 3.5% to $212 million[61] - Foodservice net sales increased by 0.2% to $265 million[61] Debt and Cash Flow - Net debt decreased from $8 billion to $7.6 billion[42] - Free cash flow was $(26) million, a decrease from $136 million[70] Outlook - The company reaffirms FY26 guidance for organic net sales growth of -1% to +1%[51] - The company reaffirms FY26 guidance for adjusted operating margin of approximately 11.0% to 11.5%[51] - The company reaffirms FY26 guidance for adjusted EPS of $1.70 to $1.85[51] Other Key Points - Total inflation is now expected in the low 7% range[48] - Capital expenditures are estimated at approximately $450 million for FY26[49]

U.S. equity markets concluded Tuesday, September 30, 2025, on a positive note, with all three major indexes reversing earlier losses to finish in the green. This strong performance capped off a winning month and quarter for investors, despite the looming threat of a federal government shutdown at midnight Eastern Time. The Dow Jones Industrial Average notably achieved a new record high, underscoring a resilient market sentiment.Market Indexes Recap: A Strong Finish to SeptemberThe trading day saw a late-day ...

Last week's economic data presented a sharp contradiction between a resilient U.S. economy and increasingly concerned American households. The S&P 500 fell for most of last week but recovered some of those losses following Friday's inflation report. A final estimate showed the U.S. economy posted a stronger than expected rebound in the second quarter, primarily driven by an increase in consumer spending. However, despite this strength, consumer sentiment dropped to a four-month low as households grew more c ...

Core Insights - Consumer sentiment dropped 5.3% month over month in September, marking a 26% decline year to date, indicating persistent pressure on households [3][6] - The "expectations" index fell 7.5% in September and is now 29% below its December 2024 level, while the "current" index decreased by 2.1% and has seen a 20% decline this year [5][6] - High inflation expectations and stretched household budgets suggest cautious future spending intent, with essentials being prioritized over discretionary spending [8][11] Consumer Sentiment Analysis - The decline in consumer sentiment reflects a broader concern about macroeconomic conditions, particularly regarding labor markets and personal finances [4][10] - 44% of respondents noted that high prices are eroding their personal finances, the highest level recorded in a year [6] - Personal consumption expenditures increased by 2.7% over the past year, while real disposable incomes grew only 1.9%, indicating that spending has outpaced income for eight consecutive months [6] Spending Behavior - Households are increasingly prioritizing essential expenses such as rent, groceries, childcare, and utilities, while non-essential spending is being sidelined [7][8] - The uncertainty surrounding job security and income is leading consumers to delay or downsize purchases, particularly in big-ticket categories like automobiles and vacations [9][10] - The recalibration of daily spending habits in response to economic pressures is expected to continue influencing consumer behavior in the coming months [11]

The dollar index (DXY00) on Friday fell by -0.41%.  The dollar was under pressure after Friday's report on the August core PCE price index, the Fed's preferred gauge of inflation, came in right on expectations, which may allow the Fed to keep easing monetary policy. The dollar extended its losses on Friday after the University of Michigan's US September consumer sentiment index was unexpectedly revised lower to a four-month low. Losses in the dollar were limited as Friday's better-than-expected reports ...

Getty Images Consumer sentiment declined in September for most groups, except for holders of big stock portfolios, according to the University of Michigan. Key Takeaways The University of Michigan's widely followed index of consumer sentiment declined in September amid worries about a weakening labor market and stubborn inflation. The survey showed sentiment declined across groups, with one notable exception: holders of big stock portfolios. Worries about the job market and stubborn inflation have m ...

Hi Carl. Indeed, these are final reads for September on University of Michigan sentiment and inflation numbers and expectations for for some improvement. The reality is each one deteriorated on growth.55.1% from 55.4% is the headline number. It's still the weakest going back to May. If we look at the current conditions, 60.4% versus the midmon rate of 61.2%, 2 also lower, but it doesn't change the comp back to May. And if we look at expectations from 51.8% midmon to 51.7%, still the weakest since May as wel ...

Let's bring in Kevin Green who joins me now for a good look at some of this data and we've got consumer sentiment hitting the tape. What are you seeing there. Good morning.Happy Friday, Kevin. Good morning, Sam. Yeah, actually, if you're looking at the numbers, they all came in below the streets expectations.And actually, there's probably uh something for everybody within this report. If you're looking at the inflation one-year inflation expectations, which is obviously going to be very key here, that actua ...