• Breaking Report Reveals the Labor Market is TANKING

  • Nov 21 2024
  • Length: 17 mins
  • Podcast

Breaking Report Reveals the Labor Market is TANKING

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  • Summary

  • A double whammy on US consumers. First, the government issued an alarming update to the biggest jobs data there is. Then retail giant Target stunned with its Q3 results and more so its guidance for Q4. The thing is, both of those are related; two sides of the macro coin. The one says the summer started really badly, the other it didn't get better.

    Eurodollar University's Money & Macro Analysis

    Reuters Target raises 2024 profit forecast as price cuts draw shoppers
    https://www.reuters.com/business/retail-consumer/target-raises-annual-profit-forecast-after-price-cuts-boost-quarterly-sales-2024-08-21/

    CNBC Target shares plunge 20% after discounter cuts forecast, posts biggest earnings miss in two years
    https://www.cnbc.com/2024/11/20/target-tgt-q3-2024-earnings.html

    Bloomberg Target Shares Tumble After Retailer Cuts Profit Outlook
    https://www.bloomberg.com/news/articles/2024-11-20/target-tgt-trims-profit-outlook-on-inventory-buildup-higher-costs

    CNN As Americans bargain shop, six-figure earners flock to Walmart
    https://www.cnn.com/2024/11/19/investing/walmart-stock-earnings/index.html

    https://www.eurodollar.university
    Twitter: https://twitter.com/JeffSnider_EDU
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