A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. We’ll get a better sense of that this week. There is a LOT of data coming out in the next few days that will give important clues about the health of the economy. Beyond a slew of retail earnings reports, the government will report retail sales figures for October on Wednesday. Economists are forecasting a monthly jump of 0.9%.
With slowing growth, those numbers need to come down,” said Matt Quinlan, a portfolio manager at Franklin Templeton, on a recent webcast. Quinlan added that “some parts of the…consumer discretionary [sector] would be ones where earnings estimates need to be brought down a little bit more.” Housing slowdown in focus The Fed’s rate hikes may eventually slow broader consumer spending.
Advice for Joe Biden: Start redefining 'the great depression' now.
Blame yourselves partially for the lack of spending this Christmas as well as the economy now and the next 2 years. You should try to be fair and impartial when reporting the news instead of a dem spokesperson
Why is so Anti-American? BoycottCNN
LETS SAVE Justin
Judging by the crowd at Target yesterday and the fact they didn’t even have enough baskets for the shoppers, nope they are not.
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