Walgreens Warns: People Have Suddenly Stopped Coming

What this episode covers

Retail and Pharmacy giant Walgreens now says there won't be a second half rebound after all, not according to its view of the consumer economy. It was seconded by Levi's and then European behemoth H&M. All of that ties together with a record low in US pending home sales and a summer driving season that's already an enormous bust as recession forces bear down.Eurodollar University's Money & Macro AnalysisNBCNews Walgreens plans store closures as CEO says consumers 'stunned' by priceshttps://www.nbcnews.com/business/business-news/walgreens-plans-store-closures-ceo-says-consumers-stunned-prices-rcna159208CNBC Levi’s shares drop 15% as jeans maker’s sales disappoint despite denim crazehttps://www.cnbc.com/2024/06/26/levi-levi-earnings-q2-2024.htmlCNBC H&M plunges 13% on doubts over full-year margin target, June sales outlookhttps://www.cnbc.com/2024/06/27/hm-plunges-12point5percent-on-doubts-over-full-year-margin-target-june-sales-outlook.htmlBloomberg US Pending Home Sales Index Slides to Record Low on High Rateshttps://www.bloomberg.com/news/articles/2024-06-27/us-pending-home-sales-index-slides-to-record-low-on-high-rateshttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUEurodollar University's Anniversary Webinar: The Fundamentals of Interest Rates over the Next 12 months.Sign up below:https://event.webinarjam.com/channel/rates

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This episode was published on June 28, 2024.

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Retail and Pharmacy giant Walgreens now says there won't be a second half rebound after all, not according to its view of the consumer economy. It was seconded by Levi's and then European behemoth H&M. All of that ties together with a record low in...

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