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FOXNEWS Your World With Neil Cavuto July 7, 2024

right now with connell mcshane. the consumer is really feeling it. not in a good way. in a perfect world, americans would have slowly built confidence back post pandemic. there s now the new signs where actually that we re going back in time instead of moving forward. look at this chart. today s reading on consumer confidence, the lowest since february of last year. mostly because people continue to say their present situation, how they are right now, is getting worse, thanks in large part to inflation. too much of a hassle. we have two kids, both work. drive to a different supermarket, go somewhere else or look for savings. we re biting the bullet. everything is more expensive. supplies for him. i spend a lot of money on blackberries and cherries. so i m cutting back on my fancy fruits. for those worried about recession, walmart s profit forecast didn t help. gigantic retailer that is the largest private employer in the country cut its outlook. saying consume ....

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FOXNEWS Your World With Neil Cavuto June 4, 2024 20:40:00

He s with slate stone. i used to do the same thing that companies are doing. i warned my parents that i was going to fail every single subject, get ds. they see cs and thought i was a genius. didn t we all do that? neil: i lowered the expectations. companies do the same thing. those that do that on the upside are being rewarded. it was curious with the google stuff. what did you make of it? what i think is interesting is what happened to google. they reported and missed. their guidance was better. their ad spend was better, which is what we saw last week with snap. you see they took google up. it s up 3.5% is what they regionally did. might have backed off. these things have been beaten up as we moved into it. google is down 25%. microsoft, the other one, down, still a little pressure. ....

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FOXNEWS Your World With Neil Cavuto June 4, 2024 20:02:00

Recession, walmart s profit forecast didn t help. gigantic retailer that is the largest private employer in the country cut its outlook. saying consumers are spending less because everything cost more. it s worth pointing out that coca-cola is among the companies so far able to buck the trend. actually raised their four-year forecast saying the demand out there for sugary sodas is still strong no matter how much they cost. there s more info to come on the economy as we work our way through the week. the federal reserve will likely announce another interest rate increase. a lot of companies announcing earnings. the debate on the recession picks up thursday morning when the numbers are released. neil: thanks, connell. the president insists that we re not looking at a recession. there s possible he has advanced word on the data coming out or a gut call on his part that no matter what number is revealed, ....

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FOXNEWS Your World With Neil Cavuto June 4, 2024 20:24:00

Were failures in that day. neil: any failures on the part of the president that day? they re focusing on how to protect the capitol, protect the personnel here and i agree with the findings of the bipartisan senate committee. neil: i m sorry sir. i wasn t clear. any as you think on the part of donald trump that he bears some responsibility for that day? i wish that the president had acted sooner to stop activities and called people off. that didn t happen. neil: got it. senator, very good seeing you. senator barrasso of wyoming. we have more coming up on the show here including how some signals out of corporate america are beginning to worry those who want to be politicians and elected officials in all of america. after this. ....

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FOXNEWS Your World With Neil Cavuto June 4, 2024 20:39:00

neil: all right. you might have noticed we re in the middle of earnings seasons rights now. companies giving their second quarter report cards for investors to digest. for microsoft, investorses didn t digest it well. the company missed on revenues and earnings. it was the same with alphabet, the parent of google. it too missed on both of those areas. but advertising revenue looked better than thought. a sign of future expectations that it might look good. through this process, we ve had about 20% of the s&p 500 companies reporting. most of them about seven out of ten are beating estimates. i should tell you those estimates were already revised down. kenny can elaborate on this. ....

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