We're still seeing that lower income consumer is still a little bit constrained. And so that's where the merchandising has to be really on point because people are still doing a little bit, but it has to be what they want. The higher end consumer, what we're seeing is that they're starting to be a little bit more conscious of their spending. So you see the trade down for things, like in grocery and things like that.
Bloomberg News Wall Street Reporter Sonali Basak checks in from the Goldman Sachs Group investor day. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Equities Reporter Bailey Lipschultz provide the details of Bailey's Businessweek Magazine story The SPAC Fad Is Ending in a Pile of Bankruptcies and Fire Sales. Bloomberg Intelligence Senior Retail Staples & Packaged Food Analyst Jennifer Bartashus reports on Target earnings and outlook. And we Drive to the Close with Nadia Lovell, Senior U.S. Equity Strategist at UBS Global Wealth Management.
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