Wall Street suffered its worst day of 2023 as Walmart and Home Depot sounded alarm bells over inflation’s effect on consumer spending in the recent quarter. CNBC’s Ron Insana has more on what this means for possible interest rate hikes and the broader economy.
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#NBCNews #StockMarket #HomeDepot
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F walmart
Middle class is hibernating in self preservation. We've lost hope of things getting better!
Totally predictable.
People bought so much extra during housing "boom" and covid. Not sustainable levels. It'll even out, that's all. 🤷♀️
Big deal?
Buy low sell high. Lol.
Inflation cause prices to rise so fast that people can not afford to buy what they used to buy with the same amount of money. Today we grab three bags of groceries and your weekly pay check stay at the market.
Obidens bunch sits on trillions of Americas money as Joe gives hundreds of billions to foreign wars and coincidentally America goes bankrupt as NBC blames the Republicans and Trump. NBC loves JOBAMA!
Hello,People Can’t afford the High prices!!!!!
Home Depot gave me a $0.24 cent raise after my annual evaluation and I said I better get my butt into college.
Not wallstreet.. no one wants to shop Corporate Republicans Home Depot. It isn't the economy, its the majority of citizens not wanting to shop republican corporations since they like to price gouge Americans..
Stop buying their products and go elsewhere. These corporations don’t deserve our money when they want to sell a majority of products that are mainly from china.
Unemployment numbers are deceptive. If you are not enrolled or have hit the end of your benefits, then you are not counted in the statistics. Correct me if I am wrong.
Get ready for a very bad next 7-10 years.
I'm suprised we are barreling towards 70s levels of stagflation with such excitement. They are sending this message of "go back to the office and put more money into the local economy" while also saying "we hope you lose your jobs and stop putting money into the economy." As usual, the employment numbers are a flat out lie with people considered employed when they have gone from 40 hours a week down to 10. If I could survive on being a waitress in a 80% empty restaurant 18 hours a week or handing out samples at Costco those job options would be great. Corporate jobs are laying people off in droves, offering salaries that are 30k less than people are qualified for when the cost of goods is barely manageable and some people are spending 50% of their income on rent. Sure, it's trendy for everyone to hate on Corporate America (rightfully so, they are ruining American lives with greed and overworking people to death) but when they lose all their jobs, sell their homes, flood the housing market and drive prices way down, people go underwater on their mortgage, their corporations close or merge or move to new markets and lay off more workers…Then people see how much we need them to keep this whole rat race we call an economy going. The capitalist system in this country is totally screwed, but the reality is seeing Corporate level executives and experienced workers at a senior level leaving the workforce in droves should set off alarm bells because the companies they run employ everyone else. If feds keep hiking rates this fast without giving time in between to see the consequences we will end up in a hole so deep it will take a decade to get out of, and if we lapse on the budget and get a credit downgrade in June that will take it to a whole new level of disaster. Home Depot and Walmart are just the tip of the Titanic scraping across a coral reef. Brace yourself for the iceberg.
“We’re short people”
Pay more.
Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in June 2022
Price gouging = lower consumer spending. Everyone is tightening their belts, it's a no brainer.
Walmart has gotten too expensive. No savings there, anymore.
Ohhhh so YOUR "problem" is high interest rate, not the historic profits corporations been getting since the inflation started.
But I thought you Highly educated galaxy brain geniuses just told me that this Biden economy is the strongest economy of all time? What the economy is so good we’ve got a shrinking GDP, companies are laying off tens of thousands of people, all the companies are screaming that business is slowing down, the feds are raising interest rates and the housing market slowing down. I thought the adults were back in charge but this seems like a bunch of petulant children.
Home Depot and Walmart will be fine. No one should worry about them.
And Rich get richer while the poor get poorer . What else is new
0:24 They are lying. The upturn in their costs are due to their disregard for people's privacy when they sold information to 3-party marketers. These stores, #HomeDepot and #Walmart are just passing those fines levied, back to us, the consumer, and pretending it's due to inflation.
You mean the Mexican front companies known as…?
Europeans are protected from these volatilities, but they don't have REPUBLICANISM. 🙄🙄
Amazing. Even the brain washed get fed up with corporate greed.
F these woket*rd companies
The jobs that are open aren't jobs that you can support a family with. Part time hours with no benefits, something that would benefit a high school kid living with parents. You don't need a PHD to figure that out.
Thats what greed will do for ya. Retailers gouging consumers during difficult times will result in consumers buckling down on spending to only basic needs and putting off spending on non-critical projects until rates are lower, fuel prices come down and wages reflect the current market rate. You don't have to be a Walton to understand how supply and demand works. When a box of rubber gloves is $36 dollars, those that have ammo cans full of cash and no debt will just wait it out.