Bloomberg Intelligence
US Consumer Confidence Slumps , Paramount Earnings, Tech Preview
Apr 30, 2024
Chief Economist Dana Peterson discusses US consumer confidence trends, while Gene Munster previews Amazon and Apple earnings. Media analyst Geetha Ranganathan recaps Paramount earnings. Market strategist Chris Watling dives into market trends and investment strategies, including tech stock volatility and potential market correction.
38:55
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- McDonald's plans to focus on value menu promotions to attract customers amidst industry underperformance.
- Investors monitor AWS competition and market share concerns as Amazon's cloud business faces slower growth rates.
Deep dives
McDonald's Faces Pressure Amid Slow Sales and Value Wars
McDonald's is experiencing flat sales in April, underperforming the industry, with potential slowing attributed to backlash over high-priced items like the $18 Big Mac meal. The company plans to focus on its value menu and offer promotions to attract customers, especially amid a value war among quick-service restaurants. McDonald's plans to test bigger burgers in the second half of the year to enhance customer value.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
