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Transcripts For BBCNEWS Business 20240703

Pace for its fifth positive week in a row, why the rally . Pace for its fifth positive week in a row, why the rally . What we are auoin a row, why the rally . What we are going through a row, why the rally . What we are going through right a row, why the rally . What we are going through right now a row, why the rally . What we are going through right now i a row, why the rally . What we are going through right now i think a row, why the rally . What we are going through right now i think is| going through right now i think is that the broader market, s p 500 and nasdaq, reliant on a small number of names, dow is more industrial oriented. Leadership this year, names and the energy sector, Utilities Sector for example that have done very well and so energy has done better than the broad market and so i think that is what is boosting the dow. Is boosting the dow. Lets talk about some is boosting the dow. Lets talk about some of is boosting the dow. Lets talk about some of the is boosting

Transcripts For BBCNEWS Business 20240703

Trading, writing have an encouraging Inflation Report that said all three major indexes to record closes on wednesday. 0ther Indexes to record closes on wednesday. Other good vibes on wall street making their way to main street . In a way, yes, many people are exposed to the stock market through their Retirement Fund so Stock Market Gains like the ones we have seen this week will get real money for real people. Consumers are not feeling so rosy. A survey last week so they are significantly more worried about the Economic Outlook than they were last month. Those feelings ari burnu for some retailers like walmart which reported Quarterly Earnings that Beat Estimates on those the morning. Shoppers have been flocking to the Discount Retailer as inflation has taken a bite out of household budgets. Four shares in a record close on thursday. Now much of their gains are coming from high income at shoppers who are making up a greater portion of the company business. They are still spending on b

Transcripts For BBCNEWS Business 20240703

Baseball caps tdow passed the threshold riding high from encouraging inflation reports that sent indexes to record closes. Are the good vibes making their way to main street . In a way, yes. Many people are exposed to the stock market through their retirement funds. Stock market gains like the ones we have seen this week, get real money for real people. Consumers are not feeling row a survey out showed that they are forried about the Economic Outlook than last month. Those feels are a boon for retailers like walmart that Beat Estimates in quarterly revenue. Shoppers are flocking as inflation takes a bite out of budgets. Shares hit a record close thursday. Now much of their gains are coming from high income shoppers, making up a greater portion of the companys business. Theyre still spending on big tickets like electronics, but low income shoppers are feeling more of the strain. Thats especially amid elevated housing and gas costs. How they feel about the economy is sure to be a central

Transcripts For BBCNEWS Business 20240703

Inflation report thats in all three major indexes to record closes on wednesday. Riding high. What are the good vibes making their way to main street . In a way, yes many people are exposed to the stock market through their retirement funds, so Stock Market Gains like the ones weve been seeing this week beget real money for real people. But consumers arent feeling so rosy a survey out last week show there are significantly more worried about the Economic Outlook than they were even last month. Those feelings are a boon for some retailers, like walmart, which reported Quarterly Earnings that beat estimates. Shoppers have been flocking to the Discount Retailer as inflation has been taking a bite out of budgets. Now much of what marks gains are coming from high income shoppers who are making up a greater portion of the companys business. They are still spending on big ticket items Like Electronics but low income shoppers are feeling more of the strain, especially amid elevated housing and

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