Consumer confidence rose in May after three consecutive months of declines, yet inflation continues to hover above the Federal Reserve's 2% rate target. The Conference Board Chief Economist Dana Peterson,"but they're economizing on other types of activities." She adds that consumers are rearranging their budgets as the cost of their everyday needs continues to strain their wallets..
And just two weeks ago, Yahoo Finance spoke with the CFO of Walmart, John David Rainey after that retailer's quarterly results and he touted strength in the consumer despite admittedly stretched wallets take a look.Uh if there's something there, something that we should be more aware of, but they've been pretty consistent quarter to quarter.
Taco Bell Burger King, where you rule meet giants Tyson, they projected a weaker third quarter and signaled a challenging environment for under pressure consumers elsewhere, we're seeing a pull back on Diy projects.The Home Depot, their CEO citing softness in larger discretionary projects.And CEO Brian Cornell said the biggest challenges shoppers are facing is inflation in food and household essentials saying inflation is putting a strain on the consumer wallet.
Always a pleasure to welcome on here and thanks so much for taking the time we we mentioned at the top of this conversation, it truly does depend who you ask and you're asking all the right people and the consumers out there how they're feeling.Sure, consumers have mixed feelings right now, as you mentioned.Many of them are working, but they're very unhappy about the level of prices, prices are too high, especially for food.
Well, the interesting thing is that is, yes, they still are going on vacations, but they're economizing on other types of activities.Um, they're not interested in going to amusement parks or museums and those kinds of things. That stock drag is weighing on its peers after cutting its Q two revenue outlook for the second quarter amid steep competition in the airline space.
They just announced a whole re architecture uh re architecting of Windows 11 as well as their uh copilot plus P CS naming is a little finicky there. You know, even looking through what could be announced in terms of now the uh continued relationship with developers that are gonna be able to develop on top of some of the new kind of incremental improvements in service that Apple can provide through its software that goes into these products.Um I, I don't necessarily think Apple is gonna make this a subscription only kind of thing.
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