Wall Street Focuses On Earnings For Clues Of A Deepening Two-Tier U.S. Economy - video Dailymotion

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2 months ago

Wall Street is tracking consumer earnings for signs of a “K-shaped” economy as affluent Americans keep spending while lower-income households struggle. Coca-Cola and Procter & Gamble report growth from premium sales, while McDonald’s expands its value menu to address widening income divides amid persistent inflation and a government shutdown.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Wall Street is closely watching this week's consumer earnings reports for signs of a

00:06K-shaped economy as wealthy Americans continue spending, while lower-income consumers pull

00:10back amid inflation and a prolonged government shutdown.

00:13December's CPI showed a 0.3% monthly rise, keeping annual inflation at 3%, while the

00:18Federal Reserve approved its second consecutive rate cut, bringing the benchmark rate between

00:223.75% and 4%.

00:24Coca-Cola and Procter & Gamble reported that premium products and bulk sales to wealthier

00:28consumers are fueling growth as lower-income shoppers cut back.

00:32Donald's CEO, Chris Kaczynski, said the company expanded its value menu in response to a two-tear

00:37economy, reflecting diverging consumer behaviors.

00:40The Census Bureau said incomes for the top 10% of households rose 4.2% between 2023 and

00:452024, while the bottom 10% saw no growth.

00:48For all things money, visit Benzinga.com.

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