Liz Peek discusses the current state of the U.S. economy, highlighting a softening job market and rising inflation. Consumers are feeling skittish and are increasingly unable to meet their debt obligations, which raises concerns about their spending power and overall economic stability.
Negative
As consumers struggle with inflation and job market weaknesses, retail spending is likely to decline. This could negatively impact companies reliant on consumer spending.
Negative
The financial sector may face headwinds as more consumers default on debts. Banks and lending institutions could see reduced earnings or increased bad debt expense.
Oct 11, 2024, 11:03 AM
Profits at JPMorgan and Wells Fargo both fell from the year-ago period, but those declines were less than what analysts expected.
Oct 11, 2024, 10:21 AM
JPMorgan and Wells Fargo get earnings season going in earnest while a wholesale inflation print is in focus after the CPI surprise.
Andersen Capital Management CIO Peter Andersen joins 'Mornings with Maria' to discuss big bank earnings and weighs in on the Federal Reserve's handling of rate cuts.