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Americans cut back on big-ticket items as inflation bites
As inflation continues to weigh on household budgets, consumers are making tough choices about where to spend their money. Jeffery Roach, Chief Economist, LPL Financial joined TheStreet to discuss how consumer spending habits are changing.
Transcript:
CONWAY GITTENS: So as an economist, as you look at the broad spectrum of spenders are with extra savings dwindling, especially, as you said, on the low income scale, do you see where consumers are starting to choose to cut back and tweak their spending??
JEFFERY ROACH: Well, we've seen a pullback in some of those big ticket items, you know, so furniture, for example. So you also have, you know, cars now. Now car sales have stayed pretty elevated. But we know from the amount of incentives that really dealers are starting to see a little more pressure on the consumer and really to entice them to come on the lot. They have to put a little more of those incentives. So the incentive as a percentage of average transaction price is increased a little bit. I think those are some of the leading indicators where you're starting to see the beginnings of a slowdown. Again, this is not a massive type of recessionary type slowdown, but a slowdown nonetheless.
CONWAY GITTENS: And do you see any areas, especially in terms of luxuries where people, despite the falling savings rate, still want to spend their money on?
JEFFERY ROACH: Well, we still see some pretty strong demand for travel. You look at the throughput data that the TSA puts out. So you can track the number of folks that are going through security stations throughout the country. And travel has certainly been very, very strong. We continue to break new and new records on the amount of travel. And so it seems as if, you know, that component is remaining pretty solid. And of course, we're peak travel season right now. So it's important to compare apples to apples here. So you compare at this stage of the summer time relative to previous years, demand for travel is still strong. That's certainly going to be good news for restaurants for those in the accommodation sector, the hotels, et cetera.
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#Inflation #Savings
Переглядів: 101

Відео

Chuck E. Cheese subscription plan costs less than Netflix
Переглядів 19918 годин тому
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Переглядів 28023 години тому
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Переглядів 862 години тому
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Reach your money goals faster with a financial workout
Переглядів 1177 годин тому
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Mortgage rates hit lowest level since May 2023
Переглядів 3667 годин тому
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Paramount will lay off 15% of its U.S. workforce
Переглядів 5237 годин тому
The company also took a $6 billion write down ahead of its merger with Skydance Media. Transcript: CONWAY GITTENS: Here’s what we’re watching on TheStreet today. On the heels of its best day since 2022, Wall Street is digesting clues on the health of the economy and corporate earnings. Second-quarter sales and profits at Expedia topped analysts forecasts thanks to solid demand for international...
Samsung recalls 1.1 million stoves due to fire hazard
Переглядів 1,1 тис.9 годин тому
The stoves can be set off if a pet, or person, bumps into the knobs and could start a fire. Transcript: CONWAY GITTENS: Here’s what we’re watching on TheStreet today. The stock market rally continued on Thursday with stocks finishing in the green.. Recession fears are on the decline after the biggest drop in weekly jobless claims in 11 months. Earnings season is also adding to an air of confide...
Passengers are suing Delta for refunds over CrowdStrike fiasco
Переглядів 1559 годин тому
Delta cancelled more than 5,000 flights over a four-day span. Transcript: I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today. Wall Street is breathing a sigh of relief after a larger-than-expected drop in weekly jobless claims. New applications for jobless benefits fell to 233,000 for the week ended August 3 - the biggest weekly decline ...
Here’s what’s driving the recent gold rally
Переглядів 19012 годин тому
Gold has been on a hot streak this year, up over 17% and posting a record high. Carley Garner, Senior Strategist and Broker, DeCarley Trading joined TheStreet to discuss what’s behind the recent rally. Transcript: CONWAY GITTENS: Can you just give us the mom and pop reasons so that people can understand what exactly is driving the rally to record highs? CARLEY GARNER: If you want to talk about ...
Big Lots may close more than 300 stores nationwide
Переглядів 45712 годин тому
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Disney+ and Hulu subscriptions are getting more expensive
Переглядів 2,1 тис.12 годин тому
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How Olympic Esports will level up the competitive gaming industry
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U.S. court verdict delivers big blow to Google in antitrust case
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Biden’s net neutrality rules blocked by U.S. court
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Olympic medals could mean big bucks for athletes
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StubHub accused of pulling a ‘bait and switch’ pricing scheme
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What the CrowdStrike outage cost Delta
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Junk fees are stealing your kid's lunch money, govt. agency finds
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Meta settles facial recognition lawsuit for $1.4 billion
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КОМЕНТАРІ

  • @kathykahny483
    @kathykahny483 2 години тому

    Elon musk is a great man who can stand up to the demonic monsters!!

  • @johnd.5601
    @johnd.5601 16 годин тому

    The 3 most common mistakes. 1 trusting Wall Street crooks. 2. Believing you can time your retirement. 3. Believing you can time your retirement and the market! As long as there is a futures market there can be no possibility for recovery from anything! Wall Street crooks must be put in prison for fraud! 30 years minimum!!!!!!

  • @aslkdjfzxcv9779
    @aslkdjfzxcv9779 23 години тому

    hahahahababa

  • @douglasbushong3920
    @douglasbushong3920 День тому

    Houses are incredibly affordable if you aren't trying to buy in a major city. Also, if you're going to compare houses today to the 1950s, you need to compare housing size to the 1950s, as well. In the 1950s, houses were, on average, less than 1000 square feet; today, the average is around twice that size. If you use the 1950s standard and look at houses that are less than 1000 square feet for a starter home, they are incredibly affordable right now.

  • @doordie8304
    @doordie8304 День тому

    The audacity of people judging barbara when she is a millionaire whereas these people are still crying for a pair of Jordan.

  • @lrs7777
    @lrs7777 День тому

    His pathetic solution is to grift.

  • @franknoble-gz1oj
    @franknoble-gz1oj 2 дні тому

    Walmart is too expensive i don't shop there anymore .

  • @franknoble-gz1oj
    @franknoble-gz1oj 2 дні тому

    Walmart is to expensive 🫰

  • @supmotto
    @supmotto 2 дні тому

    esports dont need the olympics LMFAO.

  • @AadityaAdhikari-w4n
    @AadityaAdhikari-w4n 2 дні тому

    Alone musk should me next shark

  • @willieg7895
    @willieg7895 2 дні тому

    RIP big lots ⚰️ 😭😭😭😭😭😭😭😭 soon NO Lots. Used to hoard up on dvds and body wash there and ill miss them when they close my last store for good.

  • @Will-p5j
    @Will-p5j 2 дні тому

    If you advertise on X - I will shop elsewhere

  • @hongmingchoi1037
    @hongmingchoi1037 2 дні тому

    Why is it Mark Cuban’s last season?

  • @junserafin5241
    @junserafin5241 2 дні тому

    And housing prices steady to up😊

  • @monicasmadhouse9278
    @monicasmadhouse9278 2 дні тому

    World economic forum karl schwab ( GLOBAL CYBER ATTACK = DIGITAL CURRENCY & CLIMATE CHANGE =ESG CARBON CREDITS), Blackrock larry fink ( Trump assassination attempt, SMART CITY, CCP Social credit system), Microsoft Bill Gates (GMO POISON MONSANTO CROPS, STEALING FARMS, COVID19 FORCED TOXIC NANOPARTICLE GRAPHENE VACCINES), Ukraine's CrowdStrike INVOLVED in 2020 election fraud, july 2024 dry run cyber attack to cripple all countries economy to force DIGITAL OD, PASSPORTS & DIGITAL CURRENCY CONTROLLED BY BLACKROCK. Blackrock, WEF, MICROSOFT HAVE JOINED FORCES & BACK UP UKRAINE'S CrowdStrike "dry run" terrorist attack FOR PLANNED GLOBAL CYBER ATTACK AS EXPOSED BY WHITNEY WEBB notice blackrock owned news sources use project mockingbird programming language "crowdstrike is not to blame" reminds me of blackrock's last terrorist attack news mantra "safe & effective"🎉🎉🎉 #delta #DeltaAirlines

  • @Susa850
    @Susa850 3 дні тому

    I love the information and analysis you put out here, How do i invest a profitable crypto market?

    • @RobinElackatt
      @RobinElackatt 3 дні тому

      As a Novice, it's essential for you to have a mentor to keep you accountable. I'm guided by a widely known crypto consultant

    • @RobinElackatt
      @RobinElackatt 3 дні тому

      His service are exceptional

    • @Susa850
      @Susa850 3 дні тому

      please I'm new at this , please how can I reach him?

    • @RobinElackatt
      @RobinElackatt 3 дні тому

      On Facebook

    • @RobinElackatt
      @RobinElackatt 3 дні тому

      Thomas David Archie That's his username

  • @johnd.5601
    @johnd.5601 3 дні тому

    Why is anyone confused about why nobody wants to join the military? This should be extremely obvious! The crazy instability our financial institutions have been putting us through for 24 years now! It's called recency bias! This economy is great for our totalitarian owners! My only dream is to leave this dumpster fire! I will never use my talents in this dumpster fire totalitarian regime again! I would rather be homeless and watch this unfold and laugh at the carnage! Smarten up Wall Street crooks because this will be worse that your greedy minds can handle! It's not going to be physical violence this time. It will be much worse and totally legit!

  • @vicentvanmole
    @vicentvanmole 3 дні тому

    not to worry .We had Us continue profit by fielding the war & conflict around the world & just put more work force for military industrial complex, including the layoff

  • @RaniVeluNachar-kx4lu
    @RaniVeluNachar-kx4lu 4 дні тому

    i have heard of this X you speak of. I have also heard of something called Facebook. I don't use social media. It's content is often violent and devoid of merit and facts. Much of social media is a Propaganda Tool for Xenophobic Rich White Elitist Racists.

  • @RaniVeluNachar-kx4lu
    @RaniVeluNachar-kx4lu 4 дні тому

    Stock Market Melt Down? Did I miss something? No it was a correction. Language used imprecisely is dangerous. Let's be frank. The AI Boom in Tech was OVER HYPED> Over Hyped. Reminds me of the Dot Com days. But the Fed is in a tightening phase because it has a DUAL Mandate of low inflation and low unemployment. So far good? The Fed is holding short term rates at 5.25-5.50 Percent Fed Funds range. So? Not catastrophic. Look at the Paul Volcker days if you want to see high rates. Or look at Argentina or Russia NOW. But historically rates were above Zero. Good for saving and good for supporting prudent borrowing, but not low enough to induce Speculative Mania. And for decades the Standard for Full Employment was 5.0 Percent Unemployment. So unemployment recently ticked up from 4.1 to 4.3 Percent. And the Market had a "Meltdown"? No, it had a two day knee-jerk reaction. Did I sell anything? No. My portfolio is exactly the same. Because I don't see the Fed doing Wrong. I see that the Fed Funds rate is working. It's gradually slowing down the economy as shown in the slow and steady small upticks in unemployment and the slow and steady decrease in Inflation. No Melt down. We are heading for a SOFT LANDING and don't let the Fear Mongers tell you any lies. Don't listen to the Pump and Dump Crowd. Don't listen to your Commission Based Broker. Read and think. Use your head and study the Market. Maybe just a little?

  • @RaniVeluNachar-kx4lu
    @RaniVeluNachar-kx4lu 4 дні тому

    I do favor Prosperity over Wealth. Let me give an example. Which country is the stronger and better country. Country A which has 500 Billionaires and 20 thousand Millionaires. or Country B which has NO Billionaires and 200 million Millionaires? Why do I ask? Because I am not a fan of the dominance of the Elite Extreme Wealth White Guy. I prefer a broad base of many, many successful people that have a good standard of living and enjoy a "healthy" level of prosperity. But they individually don't try to dominate the Country or even the World. Extreme wealth is dangerous. But only to the majority of people.

  • @RaniVeluNachar-kx4lu
    @RaniVeluNachar-kx4lu 4 дні тому

    There is someone that is even more dangerous than TRUMPS. I don't think I can buy a Tesla for fear of being monitored or manipulated. Perhaps the Government needs to rethink some of MUSK's other activities? As for TRUMPS and the debate: The September 10th debate will simply be a TRUMPS SHOUTING MATCH a spectacle of Blame and Fear. TRUMPS does not have ideas. TRUMPS has Rants. There is a difference. But he wouldn't know that. If you want a Fraud and a Rapist for a President, you know who to vote for. I am voting for the Black-Indian Woman. What's her name? Her Name is NOT TRUMPS. That is the most important thing. She IS NOT TRUMPS. And I hope that Elons does not ever run, but I think he is to volatile if that is possible for politics.

  • @portalzg1
    @portalzg1 4 дні тому

    Crazy how no once cares 😂

  • @tettazwo9865
    @tettazwo9865 4 дні тому

    Do Musk and Yaccarino understand what pathetic creatures they are?

  • @germel1155
    @germel1155 4 дні тому

    That judge should have never compelled Musk to buy Twitter

  • @Bobzt2
    @Bobzt2 4 дні тому

    There ain’t no way Lori is only 150M$ You lost your damn mind

  • @CS-if4ms
    @CS-if4ms 4 дні тому

    Because he’s a knob😊

  • @patrickkitson9293
    @patrickkitson9293 4 дні тому

    Didn't he tell advertisers to literally go f*ck themselves in the last year?? Hate is a boomerang, beotch.

  • @serrahighsfinest
    @serrahighsfinest 5 днів тому

    Isn't that capitalism?

  • @okitimathew5514
    @okitimathew5514 5 днів тому

    Although this might be off-topic, could someone explain how to convert USDT (TRC-20) to BNB in the OKX wallet? I only have 12-word phrase: head isolate sound end kit industry choice festival limit stable dolphin derive. Thank you!

  • @RomanGural7
    @RomanGural7 5 днів тому

    Thank you so much for your insightful videos and the incredible work you do on this channel. Your content consistently provides valuable information and thought-provoking analysis, and I greatly appreciate the dedication and effort you put into each video. I recently came across the documentary film "The Impact" (2024), which delves into critical global issues such as geopolitical conflicts, terrorism, and societal manipulation. The topics it covers are extremely relevant and urgent for our understanding of the current world situation. I believe your expertise would bring an invaluable perspective to this film. Could you please consider commenting on, analyzing, or breaking down at least a segment of "The Impact"? It would be immensely beneficial to hear your thoughts on the themes discussed in the documentary and how they resonate with the ongoing global issues we face today. Your analysis would not only help in understanding the film better but also enhance our comprehension of these pressing matters. Thank you once again for all your exceptional work, and I hope to hear your insights on this important documentary soon!

  • @DeathStar316
    @DeathStar316 5 днів тому

    typical corporate greed..the ad version should be no more than $5 a month..their revenue is from the ads that the companies are paying..i canceled my disney when they went woke

  • @Knight_Industries_2000
    @Knight_Industries_2000 5 днів тому

    LOOOOOOOOOOOOOL

  • @MechPaul
    @MechPaul 5 днів тому

    What is he hoping to do? Force advertisers to buy from him???

  • @albert_kempowillenborg1707
    @albert_kempowillenborg1707 5 днів тому

    Going to squeeze and I'm going to enjoy

  • @Brandon-iy4fl
    @Brandon-iy4fl 5 днів тому

    If kamala harris is elected, will she destroy the economy and make great stock deals available?

  • @pghurd3340
    @pghurd3340 5 днів тому

    Elon "Give me your money, or I'll sue you." Musk 😆😆😆🤡

  • @brandonchavarria1724
    @brandonchavarria1724 5 днів тому

    He could get an Apple Watch and have like a bunch of different times zones in one place😂

  • @NYCCamper
    @NYCCamper 5 днів тому

    I already dropped my subscription. 2 services is enough.

  • @CrippieThump
    @CrippieThump 5 днів тому

    More than that honey, I’ll never drink bud again

  • @End_rick997
    @End_rick997 5 днів тому

    I'm new to trading, and I've lost a good sum trying out strategies I found in online tutorials. I would sincerely appreciate any recommendations you have.

    • @Nicolewhit
      @Nicolewhit 5 днів тому

      I suggest Miss Hattie Glover is extremely good on that. She is really good at what she does, Now I can pay so many bills because of her help.

    • @End_rick997
      @End_rick997 5 днів тому

      Please educate me. I've come across this name before. Now I am interested. How can I reach her?

    • @Gabriel_b-t5z
      @Gabriel_b-t5z 5 днів тому

      Indeed, most people downplay the roles of financial planners until burnt by their mistakes. Productivity is optimized and keeping up to date strategies and analysis makes it more lucrative. I've been able to navigate the volatilities and scaled up 880k from 220k with the help of my DFM

    • @MJ-465
      @MJ-465 5 днів тому

      This is correct, Hattie's strategy has normalized winning trades for me also, and it's a huge milestone for me looking back to how it all started..

    • @Hass95
      @Hass95 5 днів тому

      Yes, I agree with you. Her platform is wonderful, and her strategies are exceptional

  • @canadiansk8
    @canadiansk8 5 днів тому

    Dont eat yellow snow!

  • @ianian-sd2ft
    @ianian-sd2ft 5 днів тому

    thanks god for elon musk

  • @pokethebear6287
    @pokethebear6287 5 днів тому

    More money for crappier content, pass

  • @villakam289
    @villakam289 5 днів тому

    Yea my family is somehow legit a little bit more wealthier than Barbara, no wonder she's always out

  • @rileyrhae991
    @rileyrhae991 5 днів тому

    No😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭

  • @jissoawesome246
    @jissoawesome246 5 днів тому

    i'm so done with twitter. elon musk ruined it.

    • @lolerie
      @lolerie 5 днів тому

      Ruined censorship and your life lefties

  • @lrs7777
    @lrs7777 5 днів тому

    Big Lots became more experience than Target with no inventory. It’s NOT inflation. It’s corporate greed.

  • @feanacar
    @feanacar 5 днів тому

    Time to cancel my subscription

  • @Dan210871
    @Dan210871 5 днів тому

    Not wanting your products and services advertised on Twitter is like not wanting your lunch stored inside a septic tank. Perfectly sensible to rational people. The only ones who see a conspiracy here are Boer Nepo Baby and his minions.