Live Breaking News & Updates on Hopefully Consumers
Stay updated with breaking news from Hopefully consumers. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
charles. let me start with this stat. even with the small gain that you re seeing on the dow, it s the first eight-week losing streak for the dow jones industrial average in 90 years. since 1932. you re correct as wells that the s&p 500 did touch the bear market territory. that was significant. bear market territory is when the index is down 20% from its highs. the selling on wall street continues as investors are worried about inflation, the consumer and a recession. the concern of course is that the fed can t tamp this inflation down quickly enough and that the consumer will just have to go without nonessentials to pay for essentials. that means that the economy will eventually take a big hit. if that doesn t do it, the flip side is that rate hikes, they re coming and they will put us into a recession as well so many investors, analysts and company ceos are pointing the finger at bidenomics, excessive spending, regulation and money printing as the causes of what put t ....
It isa it is a cost of living crisis at the moment, 11% inflation are people out there buying? the latest sales figures suggest sales are up on last year this black friday. i figures suggest sales are up on last year this black friday. year this black friday. i think confidence year this black friday. i think confidence was year this black friday. i think confidence was low - year this black friday. i think confidence was low at - year this black friday. i think confidence was low at the i year this black friday. i think- confidence was low at the beginning of november, but our data from the bosco platform would absolutely indicate that sales are picking up. yesterday the date it would show it was 8.5% up on the same time last year the data. hopefully consumers are opening up their wallets and christmas isn t cancelled, and they are using the black friday sales to get those christmas presents for their loved ones. {lit christmas presents for their loved ones. . ., , christmas ....
short of them blinking i think from a industry s perspective. on the exploration and production side, we re doing everything we can 83% of all the oil and gas is done by independents. like farmers, we produce the energy and put it out there and the supply and manufacturing chain does something with it. it s on us despite the obstacles in the way from the white house and the regulatory agencies to do everything that we can our accounts are up. hopefully consumers can get some relief by the end of the summer. charles: thanks. as president biden make his first visit to asia, his critics are worrying. we ll explain. ....