Also in this playlist...
This transcript is automatically generated
None of these stimulus checks given the economy -- -- it needs forbes' Silicon Valley bureau chief -- and hardy says no way.
While strategic resource group managing director.
Bert reflective -- that's a long title says -- -- stimulus checks are definitely helping welcome gentlemen I got to go to quit real quickly.
Clinton a 130 plus billion dollars -- not helping -- come.
Well the united the world weirdly -- -- I gotta give Wal-Mart massive -- does they managed to sell well member of -- -- get traded in for gift cards you get a little extra on top your money.
That's so great.
And today's unemployment number coupled with a retail does -- -- confidence maybe it's working but look -- those oil prices are gonna show up at the pump it's not going away.
Today we also had.
Home more people are in danger of foreclosure than any time in thirty years that's still weighing on the market the financial stuff -- an out of the picture.
I hope I'm wrong I hope the retail numbers pan out months to come but it may be a one shot wonder.
-- we get oil prices rise five and a bucks a barrel almost today and and the stock market rally -- is this maybe the consumer isn't as days we're given credit to be.
Not instead -- and until May.
Retailers were contending for cellar dwellers with financials and real estate.
But it was the equivalent of what Jason Giambi did today it's what Wal-Mart and Costco did two outs two strikes bottom of the night.
Game winning walk off home run and the price impact the promotional players the operates players are doing well.
And stick and that's -- -- reported teen retailers in trouble to Clinton's point.
The department stores are deep trouble but as you said.
Even with the -- going from 135 that you reported earlier in the month.
More over 127 today they're still spending with the stimulus checks -- is this tale of two different markets is that the teen retailer and then everyone else is selling stuff in bulk.
All right on any of the American consumer I gotta love us when center say times get tough.
People don't go out and entertain themselves anymore so what do they do they go shopping and buy dvds and flat screens you gotta love this place.
The courage of people to just go out and keep spending.
Has supported the market before I think bush is open.
What happened during his last recession happens again.
But -- It's a couple of big retailer is very concentrated it isn't going into the broader retail sector but is it getting better or worse has it been getting better worse up until right now.
It was you know were up against.
On the all time low in March it's getting slightly better from an all time line -- -- take it over to.
Birds getting better do you see getting better going forward.
-- there's still concern over train wreck under the Christmas tree at -- end but it's a constructive construct constructive correction today and what's at triple.
Bottom retail recession.
But it's a ray of hope when you have to retailers who was aggregate sales are about half a trillion a retail doing as well as they did today and even better in May than they did in April.
What about the -- quit and I'm back to you what about the gasoline tied incentives and Promos that's going on is that helping.
It's got to help a little bit but it's against this enormous you know you've.
You trade -- you've seen the pain in the pits you know how much it's going up that gets passed along how much can shall work -- honor anybody pass along and buffer that night.
Burt where's the best place as an investor you have your money -- if you have to be there.
Eric definitely -- since you've reported all along.
Fuels driving the business -- goes -- fuel food and pharmacy.
When consumers buy it beat out parcels in the parking lot fill up their gas tanks they going to get groceries they spend fifteen to 40% more in this door cuts go because of the cheap you gotta like an electric.
Filter by section