Bloomberg Surveillance
Bloomberg Surveillance: Markets React to CPI Miss
Feb 14, 2024
Michael Darda discusses inflation, Gina Martin Adams analyzes the market reaction to CPI miss, Alex Webb talks about Uber, and Lisa Mateo delivers newspaper headlines
26:58
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Quick takeaways
- Self-gifting is becoming a trend for Valentine's Day, with individuals buying gifts for themselves instead of relying on spouses, driving increased shopping activity for retailers.
- Affluent Californians are relocating to Paradise Valley, Arizona, known for its luxurious lifestyle, privacy, and high quality of life, due to lower taxes and a desire for a more tranquil setting.
Deep dives
Self-gifting on the rise for Valentine's Day
According to the Wall Street Journal, self-gifting is becoming a trend for Valentine's Day, with more individuals buying gifts for themselves instead of relying on their spouses. This trend is also observed among single individuals who are treating themselves on this day. The rise in self-gifting is beneficial for retailers as it drives increased shopping activity, and some companies are even offering specific collections for self-gifting.
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