Squawk on the Street SOTS 2nd Hour: United Health Slumps, Dick’s Buys Foot Locker, and Live: Walmart CFO 5/15/25
May 15, 2025
John David Rainey, CFO of Walmart, shares insights into the current consumer landscape and the potential for price hikes amid economic shifts. The discussion highlights Walmart's strategies for managing low prices against the backdrop of tariffs and rising interest rates. United Health faces scrutiny from a DOJ probe, affecting its stock performance, while Foot Locker's acquisition by Dick's Sporting Goods sends its shares soaring. The podcast also dives into the implications of economic fluctuations, market confidence, and key stocks to watch.
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Weak U.S. Consumer Retail Sales
- U.S. retail sales in April showed weak consumer confidence with only 0.1% growth.
- Seven out of 13 retail categories declined, signaling uncertainty for the consumer sector.
Rising Yields Signal Economic Concerns
- Rising bond yields alongside a stock market rebound may signal concerns about increased deficits and inflation.
- The market is wary despite improved economic optimism due to trade policies and fiscal challenges.
Trade War Damages Global Economy
- Trade war frigidity is damaging the international financial system and causing capital flight.
- Long-term economic growth risks decline due to disrupted global supply chains and financial market instability.