This chapter analyzes the performance of retailers, focusing on Macy's and Lowe's. It discusses the decline in credit card sales at Macy's and the strong housing demand at Lowe's. It also explores the correlation between limited home supply and increased spending on home improvements. The chapter concludes with a mention of Bloomberg News reporters and analysts.
Bloomberg Intelligence Senior Retail Analyst Mary Ross Gilbert and Bloomberg News Reporter Simone Foxman discuss Macy’s, Lowe's and Dick’s earnings. Bloomberg News US Semiconductor & Networking Reporter Ian King has a preview of Nvidia earnings. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Health Care Reporter John Tozzi provide the details of John's Businessweek Magazine story Drug Benefit Firms Devise New Fees That Go to Them, Not Clients. And we Drive to the Close with Lauren Sanfilippo, Senior Investment Strategy Analyst for the Chief Investment Office at Bank of America Corporation.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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