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Bloomberg Surveillance
Breaking Down CPI and Retail Sales in Key Eco Data Week
May 15, 2024
Ed Yardeni and Dana Telsey discuss CPI and retail sales data, while Bailey Lipschultz talks about meme stock mania. Lisa Mateo covers newspaper headlines. The podcast explores stock market performance, economic outlook, retail trends, meme stocks, IPO market, financial planning, credit card benefits, workplace changes, streaming wars, celebrity pay, nostalgia, and economic indicators.
31:54
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Podcast summary created with Snipd AI
Quick takeaways
- Shift towards treating all stocks as technology companies for competitiveness.
- Consumer cautiousness evident in declining retail sales control groups despite strong service sector activity.
Deep dives
Rising Technology Investments in Corporations
Corporate spending on technology is on the rise, with a significant portion of capital expenditures going towards technological advancements. This trend indicates a shift towards viewing every stock as a technology company, either producing or utilizing technology to stay competitive in the market.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode