12/2/2023 0 Comments Yahoo finance stocks in playOn a "core" basis, which strips out the volatile food and energy categories, CPI is forecast to rise 4.3% over last year in August, a slowdown from the 4.7% increase seen in July. Expectations are for the latest reading from the Consumer Prices Index to show headline inflation rose 3.6% over the prior year in August, an increase from the 3.2% rise seen in July. Stoltzfus made no mention of moving down his year-end target for the S&P 500 of 4,900 but noted inflation is still sitting far off the Federal Reserve's goal. "We persist in suggesting that investors curb their enthusiasm for a long rate pause or even a rate cut and instead right size expectations," Stoltzfus wrote in a note to clients on Monday. More interest rate hikes remain on the table for the Federal Reserve, and that's not priced into the stock market, according to Oppenheimer's chief investment strategist John Stoltzfus. Stocks might not be pricing the interest rate path correctly, strategist says In a joint statement, Disney CEO Bob Iger and Charter CEO Chris Winfrey said: "This deal recognizes both the continued value of linear television and the growing popularity of streaming services while addressing the evolving needs of our consumers."Ĭharter stock popped nearly 4% on the news. A stalemate between the two companies over the issue led Disney to pull its owned and operated channels including ESPN and ABC off Charter Spectrum cable systems in late August The ESPN flagship direct-to-consumer service will also be made available at no extra cost to Spectrum TV Select subscribers when it launches.Ĭharter had pushed for the services to be available for free to its customers, a key sticking point in the negotiations. Those stores included Bloomingdale's ( M), RH ( RH), Lululemon ( LULU) and Nordstrom ( JWN).ĭisney and Charter announce a deal to end media blackoutĭisney ( DIS) and Charter ( CHTR) have reached a deal to end their carriage dispute, the company's announced on Monday.Īs part of the deal, the Disney+ Basic ad-supported offering will be provided to Charter customers who purchase the Spectrum TV Select package at no additional cost, "as part of a wholesale arrangement."Īdditionally, ESPN+ will be provided to Spectrum TV Select Plus subscribers at no additional cost. On the other end, retailers with higher-income consumers (median income between $96,000 to $128,000) saw same-store sales decline 2.2%. Those stores include the likes of Walmart ( WMT), dollar store chains Dollar General ( DG), Dollar Tree ( DLTR) and Five Below ( FIVE) as well as Ross Stores ( ROST). Based on company data and their own internal research, Goldman found stores with lower-income consumers (those with household incomes from $62,000 to $85,000) saw same-store sales increase 5.6% compared to last year in the most recent quarter. Goldman Sachs split their the consumer data into three categories based on the median income of customers. "Perhaps surprisingly, we find that the lower-income consumer is outperforming," Goldman Sachs senior economist Spencer Hill wrote in a note on Sunday night. Lower-income spending remains resilient despite slowdown fearsĬredit card delinquencies were on the rise during the second quarter as investors continue to watch for signs of a consumer slowdown.īut Goldman Sachs economics team dug into the corporate results of 26 retailers and found spending might not be slowing where one might expect as pressures mount on American wallets.
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