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Bloomberg Businessweek
US Retail Sales Rise by Most in Three Months
Jul 16, 2024
US retail sales surged in June, showing consumer resilience. Bank earnings analysis and investing in an election year discussed. Potential risks from the upcoming US presidential election highlighted. Details on mid-year luxury real estate report shared. Drive to the Close segment with iShares Investment Strategy at BlackRock.
01:00:46
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- US retail sales rose significantly in June, indicating consumer confidence recovery.
- Fortune 500 CEOs show mixed sentiments towards Trump's policies and style.
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Trump's Potential Impact on Inflation
Trump's potential policies focusing on tariff increases and tax cuts, along with his isolationist and protectionist stance, could lead to significant inflationary pressures. These policies, if implemented aggressively, could result in a 100 to 200 basis point increase in inflation, impacting everyday expenses for consumers and potentially slowing down the economy.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode