Bloomberg Intelligence

Bloomberg Intelligence: U.S Consumer Confidence Falls, Macy’s Closures

Feb 27, 2024

Topics discussed in the podcast include U.S. Consumer Confidence data, Macy's earnings, Exxon and Cnooc bidding for Guyana stake, energy sector insights, and Fed commentary on interest rates.

41:56

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Quick takeaways

Strong investor interest in corporate bonds indicated by record sales and positive auction trends.

Expectations for inflation may not be decreasing rapidly, impacting Treasury yields and potentially leading to a significant rally.

Deep dives

Investor Interest in Corporate Bond Sales and Strong Demand

Record corporate bond sales and a solid takedown indicate strong investor interest in the market, with bid-to-cover ratios and indirect bidders showing positive trends. This suggests that buyers are present, especially in response to the larger auction sizes.

Introduction

2min

Analysis of Consumer Confidence Trends

7min

Macy's Store Closures and Beauty Focus Analysis

3min

Strategic Store Closures and Performance Comparison

4min

Evolution of Retail, Men's Skincare, and Financial Biases

6min

Deal Dynamics: Impact and Implications

4min

Navigating Uncertainty in Energy Investments and Industry Developments

2min

Consolidation and Energy Transformation in the Industry

8min

Decoding Biases in Financial Decision-Making

4min

10.

Implications of PC Deflator Data on Inflation and Market Strategies

4min

11.

Analysis of Federal Reserve Decisions and Market Reactions

2min

Watch Alix and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.

Dana Peterson, Chief Economist at the Conference Board, joins to discuss the latest U.S Consumer Confidence data from the Conference Board. Mary Ross Gilbert, Bloomberg Intelligence, Senior Equity Analyst, Covering Retail, discusses Macy’s earnings. Fernando Valle, Bloomberg Intelligence Senior Oil and Gas Analyst, discusses Exxon and Cnooc exploring a bid to snatch Guyana stake from Chevron. Haag Sherman, Chief Executive Officer and Chief Investment Officer of Tectonic Holdings, joins to discuss the energy sector. Ira Jersey, Bloomberg Intelligence Chief US Interest Rate Strategist, joins to discuss his latest Fed commentary.

Hosts: Paul Sweeney and Alix Steel

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