Are Consumers Broke?

In today's episode, we delve into the question: Is the consumer broke? We analyze recent earnings reports from key retailers like Best Buy, Foot Locker, and Kohl's to understand consumer behavior amidst economic changes. We also explore trends in enterprise software spending and the implications of recent reports from Salesforce and UiPath. Additionally, we discuss the potential impact of upcoming PKI core data on the market and share insights on GDP revisions and jobless claims. Tune in for a comprehensive look at the current state of the consumer economy and what it means for the future. [00:00:00] Introduction and overview of today's topics: consumer spending, enterprise software, and the upcoming PKI core data. [00:00:51] Discussion on changes in consumer behavior post-pandemic and its impact on discretionary spending. [00:02:15] Best Buy's earnings: Miss on revenue, beating earnings, and highlighting consumer pullback on discretionary items. [00:03:15] Foot Locker's earnings: Matched revenue, beat earnings, and the CEO's focus on margins and retail pricing. [00:04:20] Kohl's earnings: Miss on revenue and earnings, guidance cut, and same-store sales down 5.3%. [00:05:36] Analysis of consumer spending trends in grocery versus discretionary items based on Target and Walmart reports. [00:06:37] Salesforce's earnings: Miss on revenue and weak forecast due to a measured buying environment. [00:08:21] UiPath's challenges: CEO resignation and weak performance report. [00:08:50] Mixed results in tech earnings: New Topic's weak guidance versus HP Inc. and Pure Storage's strong performance. [00:09:14] Conclusion on consumer spending: Differentiating between asset owners and renters, and the impact on discretionary spending. Best Buy Foot Locker Kohl's Salesforce UiPath One Rental at a Time School Thank you for joining us in today's episode as we explored the state of the consumer economy. If you found this discussion insightful, please rate, follow, share, and leave a review. Your feedback helps us bring you more valuable content. For further insights and to connect with industry experts, join the One Rental at a Time School community. See you next time! 📖 BUY One Rental at a Time https://amzn.to/3jt3JFx 📣 Audible Version Here https://amzn.to/3jtLDTQ OR 🏆 Buy 15 Conversations with Real Estate Millionaires https://amzn.to/3JwEsVm Dion from Dion Talk is Narrator!!! NOW ON AUDIBLE https://www.audible.com/pd/B0BDPSZW3Y/?source_code=AUDFPWS0223189MWT-BK-ACX0-322007&ref=acx_bty_BK_ACX0_322007_rh_us 📸 INSTAGRAM: Please follow. Daily original content! https://www.instagram.com/onerentalatatime/ 📬 (MUST JOIN!) PRIVATE Facebook Group: One Rental at a Time Works This is a VERY private group that is only available to my students of "How to Get Started One Rental at a Time" In the group, you will be around hundreds of other students all doing the work. Please introduce yourself when you join! JOIN HERE: https://bit.ly/3tEQhRm TEACHABLE COURSES: Join the THOUSANDS of students changing their financial future with DAILY execution! 💎 How to Get Started One Rental at a Time: This course is changing lives! Investors focus and do the daily work required to learn their market and only do GOOD Deals. JOIN HERE: https://bit.ly/3uDrkHq 💸 Get Money Right: This course is about making you the CFO of your money. It shows you how choices can keep you poor or set you free. It highlights your Financial Health Score and provides a monthly budget to help you track spending. JOIN HERE: https://bit.ly/3wbN9yr 📲 MENTORING OPTION: I built my courses to run without me but some folks find themselves in interesting situations and they want to ask questions directly. So after much thought I have created this option that includes one “30 Minute Mentoring” session that can be used at students request. JOIN HERE: https://bit.ly/3hivsc5 ✍️ FREE COURSE: I put together a Free Course so people can get to know me a little more and have fun getting started with no cost. JOIN HERE: https://bit.ly/3hdMbgK 📣AUDIOBOOK: https://amzn.to/3jtLDTQ PLEASE LEAVE 5 Stars! *** Tag me on IG with a book selfie! 🧢 MERCH: I have created some fun merchandise designed by my daughter. Check out Merch Page here: https://one-rental-at-a-time.myshopify.com/