Uh, meantime, as we mentioned, retail earnings do kick off next week. Home Depot reporting on Monday. Uh, we've got Lowe's and Target on Tuesday, Walmart to follow on Wednesday.That's a big one. Joe Feldman of Tel Advisory Group joins us now to look ahead to what we can expect. Joe, great to have you with us.Um, certainly interesting. Uh, you know, Walmart changing its CEO now with Doug McMillan stepping down. I feel like Walmart is the big one next week to watch in terms of what they're going to say and al ...

Today marks the start of a new round of President Trump's tariffs going into effect this morning. New fees on imported furniture and kitchen cabinets along with wood and timber. Critics say the tariffs, which could reach as high as 50% on some items, could take a huge toll on consumers, especially if you're renovating your house.Joining us now, Ernie Tedeski, uh the director of the economics and budget lab at Yale University. Ernie, these new tariffs are meant to help spur more domestic logging and furnitur ...

Economic Outlook - The economy is experiencing a K-shaped recovery, with a booming industrial renaissance contrasted by headwinds facing consumers [2] - Recent China news poses a slight headwind to the consumer outlook due to potential upward pressure on prices [5] - Strong growth is observed in red book same store retail sales, restaurant visits, and hotel demand, suggesting the economy is still performing well [10] - A key question for the Fed is whether the slowdown in the labor market is due to slower supply (less immigration) or lower demand [8][9] Inflation and Monetary Policy - The biggest underappreciated risk is that the fight against inflation is not over [15] - There's a risk that the Fed cutting rates due to slowing immigration could lead to more inflation, especially with tariffs and a weaker dollar [11] - The consensus view is that inflation over the next 12 months will be 3%, significantly higher than the Fed's 2% target [14] - Retailers are discussing the impact of tariffs on their costs and pricing strategies [13] Gold Market - Gold prices are rising due to inflation risks, Chinese household buying, and central banks divesting from US treasuries [18][19] - Chinese households are diversifying into gold due to limited investment options [21] - Central banks are price insensitive buyers of gold due to sanctions [20]

Let's bring in the top ranked retail analyst on Wall Street, Matthew Boss of JP Morgan. He just raised his price target in fact on that name. It's good to see you. >> Good to see you, too.>> You were a believer before many, right. Cuz the last time you were here, you had just upgraded the stock to a buy. >> That's right.>> Maybe 10% lower than where the stock is now. What gave you the conviction to do it then. And do you feel like you're getting the payoff now.>> Yeah. So look the the conviction in the call ...

Can someone make a Chinese lululemon stock, it would be the best concept stock possible, capturing consumer x athletics x china beta ...

just said Ray Washurn and he's Red Lobster. He talked about Chili's and talked about how if it's a you get a dollar more at Chili's I guess that's a higher it's not a McDonald's it's thought of as a casual dining or something. So if it's only a dollar difference you might go to Chili.So you recognize that but and move quickly, right. Yeah. And and part of what we also saw was that particularly with middle and lower income consumers they're feeling under a lot of pressure right now.I think there's a lot of, ...

That's exactly what's happening. People are frontloading right now. However, they're looking for other ways to source goods in closer countries and territories, especially in America.But the challenge with that is a lot of the domestic manufacturers themselves are raising their price. And now you're going to be caught on the side of, you know, if you are uh importing it or you're going to be caught domestically. So, no matter what, it's a hit.And who's going to pay for the hit. going to be the consumer beca ...

Tariff Impact & Price Increases - Tariffs take time to impact end consumers due to distribution chain delays [1] - Price increases in categories like personal computers and audiovisual equipment are attributed to tariffs [2] - Many companies expect to pass some or all tariff costs to the next party in the chain, ultimately the consumer [2] Supply Chain & Cost Absorption - The supply chain involves manufacturers, exporters, importers, retailers, and consumers, each trying to avoid paying the tariff [3] - It's difficult to predict how the tariff burden will be distributed among the parties in the chain [3] Data & Economic Outlook - More actual data is needed to make better decisions regarding tariffs [4] - The economy remains in solid condition, allowing time to learn more about tariff impacts [4]