Rich Habits Podcast

Special Guest: Bob Pisani, Market Meltdown, & Walmart's New $100K Customers

Nov 21, 2025
Guest
Bob Pisani
In this engaging conversation, Bob Pisani, a veteran CNBC correspondent and author of "Shut Up and Keep Talking," shares his insights on market trends and investing. He discusses the recent shift of higher-income Walmart shoppers favoring value, the implications of September's jobs report on the Federal Reserve, and the importance of long-term investing principles. Bob emphasizes avoiding market timing and learning from the great Jack Bogle about index investing, all while sharing memorable experiences from the NYSE floor.
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INSIGHT

Micro Strength vs Macro Uncertainty

  • NVIDIA's strong AI-driven revenue surprised, but macro uncertainty kept markets volatile.
  • Company-level strength can be overshadowed by broader economic and sentiment factors.
INSIGHT

High Earners Shopping Walmart

  • Walmart reported share gains because higher-income households shopped there for value and convenience.
  • This signals financial strain stretches across income levels, not just lower-income shoppers.
INSIGHT

Jobs Data Masks Underlying Weakness

  • The September payrolls beat expectations but revisions to prior months and rising unemployment claims temper the headline.
  • Labor market softness and data uncertainty complicate Fed rate decision timing.
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