Bloomberg Businessweek Consumer Confidence Falls, Elf On The Shelf Tradition Lives On
9 snips
Dec 23, 2024 The podcast dives into the recent dip in U.S. consumer confidence, exploring economic anxieties and political factors. Insights from the trucking industry reveal how technology is reshaping operations amid market changes. A festive segment discusses the Elf on the Shelf tradition, detailing its creators' vision for family holidays and innovative marketing strategies. The conversation also touches on challenges posed by counterfeit goods, blending holiday cheer with serious brand integrity issues.
AI Snips
Chapters
Transcript
Episode notes
Consumer Confidence Down
- U.S. consumer confidence dropped to a five-month low in December due to economic concerns and potential Trump policies.
- Consumers are worried about tariffs increasing their cost of living.
S&P 500 Target
- The S&P 500 is fully valued at 20 times forward estimates for 2026.
- A conservative target for the S&P 500 is 6,500, assuming 9% earnings growth, which is below consensus.
RXO Acquisition
- RXO's acquisition of Coyote Logistics more than doubled its truck brokerage, making it the third largest in North America.
- The acquisition provides RXO with exposure to new verticals like food and beverage.