Walmart flashes consumer warning
Summary
Host Kim Kahn discusses Walmart’s cautious earnings guidance and slowing US sales, which weighed on the retail sector. The episode covers mixed results for Alibaba and Deere, alongside Advanced Auto Parts’ decline due to tight household budgets. Treasury yields rose after a strong Philly Fed Manufacturing Index, prompting potential Treasury buybacks. Finally, the show examines university endowments’ large, volatile SpaceX positions following its IPO.
Topics discussed
Welcome to Wall Street Lunch
Walmart earnings miss and cautious guidance
Alibaba, Deere, and Advanced Auto Parts updates
Treasury yields rise on strong Philly Fed data
University endowments and SpaceX holdings
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