0814 | Soft July Spending Drags Stocks, Dollar Stumbles, Drone Tariff Rally, Mortgage Rates Jump

Wall Street pulls back from record highs as fresh data shows consumer spending softened in July, with sentiment souring on lingering inflation concerns. Soft retail sales push the dollar to its lowest since May and weigh on rate-hike bets, sending two-year yields lower while silver climbs above $65. Tariff actions target foreign-made and Chinese drone components, sparking a rally in drone stocks. Housing investors call the current market their toughest in at least three years as mortgage rates h Timeline: 00:00:00 Opening 00:00:27 Stocks slip from record highs as consumer spending cools 00:01:36 Dollar hits lowest since May after soft retail sales 00:02:31 Drone stocks rally after tariffs on foreign-made components 00:03:29 Mortgage rates hit yearly high as housing investors sour 00:04:17 Brazilian assets post bruising losses on election angst 00:05:05 White sugar rally adds to steep refining margins View episode details → https://bri.so/show/episode/01a0024a-443f-75c3-819a-fcf4495d910d This episode is produced by Bri. Bri uses advanced AI technology to turn the feeds you care about into podcasts made for listening. https://bri.so Contact us at [email protected].