CNBC's "Fast Money" The Latest Sign Of Consumer Struggles… Plus China Stocks Rebound 5/10/24
May 10, 2024
McDonald's introduces a $5 menu amidst consumer crunch. China stocks rebound, outperforming S&P 500. Analysis on inflation impact, chip maker performance, and young investors' views on Bitcoin vs. gold. Tesla's China business and Apple's controversial ad discussed. Creativity in ads, cannabis industry analysis, and European ETFs highlighted.
AI Snips
Chapters
Transcript
Episode notes
McDonald's $5 Menu
- McDonald's introduces a $5 menu to combat declining consumer spending.
- This comes after their first earnings miss since 2022, with revenue growth at its lowest in a year.
McDonald's Valuation
- Tim Seymour believes McDonald's business is strong despite consumer pressure.
- He suggests waiting for a better valuation before investing, as current levels aren't cheap enough.
Stratified Consumer Spending
- Karen Finerman observes that consumer spending isn't declining uniformly.
- She distinguishes different consumer segments based on income, assets and feeling varying impacts of economic changes.