Morning Joe. The CNBC NRF retail monitor jumped to its best monthly game since we be gain before since we began assembling the data in 2022. That's a likely sign of some combination of a resilient consumer, big midsummer promotions from retailers and possibly tariffed inflation.The NRF monitor, it's fueled by real credit card spending data from D from Affinity Solutions. It jumped 1 and a.5% in July from a negative 0.3% in June. The measure is X autos and gas.Total retail sales year-over-year up a strong 5. ...

Well, later uh this week, the government is going to release retail uh sales data first. So, we have the CNBC NRF retail monitor for you uh ready to go this morning. Senior economics reporter Steve Leeman joins us now with the numbers.Hey, Steve. Morning, Joe. The CNBC NRF retail monitor jumped to its best monthly game since we be game before since we began assembling the data in 2022.That's a likely sign of some combination of a resilient consumer, big midsummer promotions from retailers, and possibly tari ...

Joining me now to discuss all this is Anthony Chakumba, consumer sector head at Loop Capital Markets. Anthony, you look at this and so many questions. The first one to my mind is what's the balance in the retail sector of people who are passing these incurred costs on in terms of rising prices and people who are just going to eat those costs and hit the bottom line.So what we have definitely seen is a lot of price increases and retailers are being very quiet about it because they don't want to incur the wra ...

Customers with access to such loans spend at least 20% more relative to those without access, even as the sticker price stays the same https://t.co/1NpyUZ09Ab ...

Uh Natasha, starting with you. What's the reality here for American consumers. We hear that these companies are going to be absorbing the cost, but but give us a gut check here.So, uh my colleagues and I at the budget lab at Yale have been tracking all of these moves that we've seen in tariff rates over the course of the last many months. What we've concluded based on our models is that consumers are going to see a price increase on the order of magnitude of about $2,400 annually. And actually, when you thi ...

All three major averages finishing in the green today. The NASDAQ up 1%. Our next guest is warning of seasonal weakness ahead for the stock market.But could strong earnings reverse the usual August malaise. Well, let's bring in RBC Capital Markets head of US equity strategy Lori Calvacina as well as region's wealth management CIO Alan Mcnite. It's great to have you both here.Alan, you're sitting here on set with me. Welcome. Let's start this conversation.What do you think of markets here. What would you be ...

I'm going to go down the list for you and show you why perhaps the fundamentals will be more at play than maybe they've been recently. It was a momentum driven market by large regard. I mentioned the buybacks.No one does more than Apple. It's the secret sauce according to CNBC Pro. I urge you to go take a look at that article as well.You can see it for yourself. The other thing is there's a lot of cash that needs to be deployed. Bank of America today.Cash levels are high and so will the need to allocate. Ca ...

Australian tourists face a levy to visit NZ sites, consumer spending weaker than expected ahead of anticipated RBA cut, Canberra awards naval contract https://t.co/uIV5HcRl8c ...

Which takes us to our talk of the tape. Is this market just taking a breather before launching its next leg higher. Or has momentum just grinded to a halt.Let's ask Adam Parker. He is Triariat's founder and CEO and a CNBC contributor. Welcome back.>> Thanks for having me. >> You make the argument that dips should be bought. Why.>> Well, you know, I think most institutional investors think we're going to get some kind of growth scare, maybe a stag inflation scare here. August through October. >> Is that what ...

What exactly will we be looking for for this season and what can it tell us about the state of the overall economy. Danilo, I would say the most important part is checking whether the traffic is starting to come back within the restaurant sector. Uh specifically on the fast food um companies, we've seen a decay in traffic that corresponded with consumer pulling back in their spending amid value perception deteriorating.And so we are looking to see elements into the earning season that show that the new valu ...