Consumer Stocks Slump

Liz Young Thomas, a financial analyst known for her sharp market insights, joins Dan Nathan and Guy Adami to dissect consumer stocks' recent struggles. They tackle the impact of rising interest rates on the NASDAQ and changing consumer tech upgrade habits. McDonald's stock performance comes under scrutiny, with comparisons to Chipotle's challenges. The group discusses inflation's effects on spending and examines Tesla's upcoming earnings, tying broad economic trends to individual stock dynamics.