Retail Earnings Reports and Consumer Pressure

The hosts discuss various retail earnings reports and mention specific companies like Nordstrom, Lowe's, Best Buy, Cole's, and Dick's Sporting Goods. They provide updates on their third-quarter comp sales and profit forecasts, while highlighting the challenges faced by the American consumer due to rising interest rates, credit card debt, and decreased savings. The chapter also discusses the slowdown in spending during the holiday season and the decrease in holiday hiring trends, indicating consumer pressure and fatigue.