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.
Andrew McAfee, Principal Research Scientist at MIT and author of The Geek Way, explains how the OpenAI saga could impact future development of artificial intelligence. Mary Lou Gardner, Associate Partner for CPG, Retail and Logistics at Infosys Consulting, discusses retail earnings and consumer outlook for the holidays. Dan Morgan, Senior Portfolio Manager at Synovus Trust, breaks down Nvidia earnings. Blink CEO Brendan Jones discusses the global EV charging market.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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