Ford's hybrid vehicles, former Gap CEO on retail: Asking for a Trend

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Julie Hyman News

Labor Turnover Survey,US Bureau Of Labor Statistics,Unemployment Rate

Join Josh Lipton on Yahoo Finance's Asking for a Trend to make sense of June 4's biggest market themes. Stocks (^DJI, ^IXIC, ^GSPC) inched out slight gains...

) inched out slight gains in the trading day, curtailed by weak JOLTS data reported by the US Bureau of Labor Statistics.Finance is asking for a trend.

And you're seeing that with the top line numbers, uh obviously, the hybrid and EV numbers are coming from an overall kind of smaller base compared to internal combustion engines, but definitely seeing positive growth there. We've seen that a lot with used dvs, in particular, the prices for used dvs have dropped quite significantly and as the prices really start to slow down for EVs adoption and interest really starts to pick up in line with that.What jumpstarts this market?

Yahoo finance his very own Josh Schafer joining us now with more on the trading day takeaways, Joshua. And sort of saying staying there for instance, the quits rate, how many people are quitting their jobs has been flat for four months and 2.2%.Yes, but perhaps just normalizing, maybe we're just getting back to where we were before the pandemic and maybe that's an OK thing and sort of this soft weak data isn't actually bad.

And if you take a look at the last two months, you again have energy as the worst performing sector in the S and P 500 couple things here to highlight, I think for one, when energy started rallying, we were talking a lot about a potential reflation trade.Energy usually benefits in that sort of scenario over the last month as we've been talking about softening data.So that's one thing that sort of feeds into it.

So we don't see a lot of concern being expressed by the FED yet about that figure, they are really laser focused on the inflation numbers. A lot of retail names and, and, and you, you got a lot of reports and conference calls CEO S CFO S is an investor trying to get a sense of where this sector is at.So um I do my service before I appear to talk about the industry.I think quarterly reports I've learned this after running gap and J Crew public companies for years, quarter to quarter.Well, I go online.Still travel.

But um I think uh I, I think you buy goods, you buy the styles, you buy the products you buy service.I said if I were a consumer today buying a pa I would actually, before I gave them the credit card, I go online and see where I can get it at a better price.

 

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