Breaking Report Reveals the Labor Market is TANKING

What this episode covers

A double whammy on US consumers. First, the government issued an alarming update to the biggest jobs data there is. Then retail giant Target stunned with its Q3 results and more so its guidance for Q4. The thing is, both of those are related; two sides of the macro coin. The one says the summer started really badly, the other it didn't get better. Eurodollar University's Money & Macro AnalysisReuters Target raises 2024 profit forecast as price cuts draw shoppershttps://www.reuters.com/business/retail-consumer/target-raises-annual-profit-forecast-after-price-cuts-boost-quarterly-sales-2024-08-21/CNBC Target shares plunge 20% after discounter cuts forecast, posts biggest earnings miss in two yearshttps://www.cnbc.com/2024/11/20/target-tgt-q3-2024-earnings.htmlBloomberg Target Shares Tumble After Retailer Cuts Profit Outlookhttps://www.bloomberg.com/news/articles/2024-11-20/target-tgt-trims-profit-outlook-on-inventory-buildup-higher-costsCNN As Americans bargain shop, six-figure earners flock to Walmarthttps://www.cnn.com/2024/11/19/investing/walmart-stock-earnings/index.htmlhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

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How long is this episode of Eurodollar University?

This episode is 16 minutes long.

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This episode was published on November 21, 2024.

What is this episode about?

A double whammy on US consumers. First, the government issued an alarming update to the biggest jobs data there is. Then retail giant Target stunned with its Q3 results and more so its guidance for Q4. The thing is, both of those are related; two...

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