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On today’s show, we discuss:
- 30 years of financial market returns
- Cathie Wood’s popular ARK funds are sinking fast
- Young Americans are getting left behind by rising home prices, higher stocks
- Vanguard: How America Saves
- Five things you need to know to start your day: April 24, 2024
- Chipotle keeps raising prices. Gym rats and Millenials are still buying burritos
- Debevoise & Plimpton: Insurance Industry Corporate Governance Newsletter
- Labor markets: Pretty darn strong
- America’s economy is No.1, that means trouble
- Chinese “overcapacity” is not the problem. Underconsumption is
- Housing in hyperdrive: US cities where home prices doubled in a flash
- Housing will get more expensive because of the Fed
- Many older adults think they will never retire and worry about making ends meet, study finds
- Apple reportedly slashes Vision Pro headset production and cancels updated headset as sales tank in the US
- Apple needs a true low-end iPhone to help revenue growth
Listen here:
Recommendations:
Charts:
Tweets:
WALMART U.S. CEO: ".. we are now seeing prices that are in line with where they were 12 months ago. I haven’t been able to say that for a few years .. The last few weeks, we've taken even more prices down in areas like produce and meat and fresh food.”$WMT @ABC…
— Carl Quintanilla (@carlquintanilla) April 26, 2024
smh pic.twitter.com/CAKBHbs5RF
— Dario Perkins (@darioperkins) April 25, 2024
People’s incomes rose 0.5% in March; spending grew 0.8%. Both figures are in current dollars.https://t.co/eDZgP9dKNk
— BEA News (@BEA_News) April 26, 2024
$META was trading at $510 yesterday. It's trading at $410 today after earnings, down 17%.
This move constitutes a one-day loss of nearly $250 billion in market cap, which would be the worst single-session value loss of any stock ever.
— Stock Talk (@stocktalkweekly) April 24, 2024
Tom Brady’s resume before he was drafted. pic.twitter.com/kMrKjpS3V0
— Jon Erlichman (@JonErlichman) April 27, 2024
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