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Stock averages (^DJI, ^IXIC, ^GSPC) seem to be picking up ground after disappointing second-quarter reports from tech giants Magnificent Seven triggered a sell-off earlier this week. Burns McKinney, managing director and senior portfolio manager at NFJ Investment Group, suggests that the drop may simply mark “the beginning of a longer, more sustainable rotation” in the markets, driven by two key factors. First, three consecutive inflation reports came in below expectations, raising hopes of a rate cut by the Federal Bank. Second, the expectations of benefits for the names of the AI generation are so high that it is becoming increasingly difficult to meet them. When it comes to price games, McKinney advises investors to look for corporations that generate a really extensive flow of money. He also recommends focusing on corporations rather than accumulating and paying dividends, as this demonstrates “management’s confidence in the company. “
In the United States, initial jobless claims fell to 235,000 last week, a drop of 10,000 from last week. In fact, Nick Bunker, director of research at the Hiring Lab, explains: “It’s a hard-working market that’s rebalanced, moderate, and in a smart position right now. But any further increase in unemployment or relief at work begins to set off alarm bells, if necessary. ” “
Chipotle (CMG) reported second-quarter earnings that beat expectations in both earnings and earnings. BTIG lead executive and eat-in analyst Peter Saleh believes Chipotle’s expansion will come from opening new retail outlets and attracting more customers. He sees Chipotle as “a blue brand. ” chip operator” with “a lot of expansion ahead”. However, the higher minimum wage in California put pressure on Chipotle (CMG) as consumers balked at raising menu costs. Brooke DiPalma, senior reporter for Yahoo Finance, explains how California’s FAST Act has impacted the costs of the burrito chain and how it could win back consumers suffering from the effects of inflation.
Ford (F) released its second-quarter results, which showed adjusted earnings of $0. 47 in line with the constant percentage compared to the expected $0. 67. Greg Migliore, editor-in-chief of Autoblog, explains: “Right now, electric cars are in a tough spot because they’re so competitive. Margins can be tight for them. And generation is anything corporations have a hand in. ” to invest to get There are on the market So for many companies, this is their first or second generation of electric cars, and they essentially have to pay for this generation Maybe you don’t fully realize that in the price of most of. “The $7,500 federal tax incentive for consumers is included in automobiles. “
While cash is a topic considered taboo, Brian Portnoy, CEO of Shaping Wealth, describes budgeting loudly as “an exercise in bravery,” especially since finances are the biggest source of stress for Americans. For those who need to budget loudly, Portnoy encourages them to be “very clear” in terms of their passes. He explains: “What we don’t need to do is go online, whether it’s TikTok or Twitter or some other platform, and start revealing all our monetary details. It’s not exactly healthy. What we might need to do in a noisy budget environment, he says, “Hey, I need to keep my spending secret, I need to have a disciplined plan, and this is how I’m going to do it. » » The same goes for retirement. planning, Yahoo Finance senior columnist Kerry Hannon believes self-awareness is essential. She encourages those thinking about retiring to talk to a therapist, a retirement advisor, or even friends and family to evaluate where they are in life and what their monetary goals are.
For more information and the latest market actions, click here.
On today’s episode of Wealth!, host Madison Mills highlights some of the key stories that affect your personal financial goals, from stock market turnover to major budget trends.
Stock averages (^DJI, ^IXIC, ^GSPC) seem to regain some ground after disappointing second-quarter reports from tech giants Magnificent Seven triggered a sell-off earlier this week. Burns McKinney, managing director and senior portfolio manager at NFJ Investment Group, suggests that this drop may simply mark “the beginning of a longer, more sustainable rotation” in the markets, driven by two key factors. First, three consecutive inflation reports came in below expectations, raising hopes of a rate cut by the Federal Reserve. Second, the profit expectations for the names of the AI generation are so high that they are increasingly difficult to meet. When it comes to price games, McKinney advises investors to look for companies that generate a very large flow of money. He also recommends focusing on companies that are developing and paying dividends, as this demonstrates “management’s confidence in the company. “
In the United States, initial jobless claims fell to 235,000 last week, down 10,000 from last week. Nick Bunker, research director at the Hiring Lab, explains: “It’s a labor market that is rebalanced, moderate and in a smart position right now. But any further increase in unemployment or relief in job openings starts to skyrocket. , if not necessarily alarm bells, is starting to make other people feel a little uncomfortable about how much time we’re on lately. “
Chipotle (CMG) reported second-quarter earnings that beat expectations on both the bottom line and the positive. Peter Saleh, BTIG’s CEO and restaurant analyst, believes Chipotle’s expansion will come from opening new retail outlets and attracting more customers. He sees Chipotle as “a front-line operator” with “a lot of expansion ahead. “However, California’s top minimum wage has put pressure on Chipotle (CMG), as consumers have subsidized the increase in menu prices. Yahoo Finance senior reporter Brooke DiPalma explains how California’s FAST Act affected burrito chain prices and how it can win back consumers suffering the effects of inflation.
Ford (F) released its second-quarter results, which showed adjusted earnings of $0. 47 in line with the constant percentage compared to the expected $0. 67. Autoblog Editor-in-Chief Greg Migliore explains: “Right now, electric cars are in a tough spot because they are so competitive. The margins can be quite tight for them. And generation is anything that corporations have to invest in to achieve it. So for many corporations, this is their first or second generation of electric cars, and they essentially have to pay for that generation. Therefore, at this time you do not fully realize that in the price of most cars, the price is high. A $7,500 federal tax incentive presented to consumers aims to somewhat mitigate this. »
While cash is a topic considered taboo, Brian Portnoy, CEO of Shaping Wealth, describes budgeting loudly as “an exercise in bravery,” especially since finances are the biggest source of stress for Americans. For those who need to budget loudly, Portnoy encourages them to be “very clear” in terms of their passes. He explains: “What we don’t need to do is go online, whether it’s TikTok or Twitter or some other platform, and start revealing all of our monetary details. That’s not exactly healthy. We may need to do it in the context of The loud budget says, “Hey, I need to keep my spending a secret. I need to have a disciplined plan, and this is how I’m going to do it. ” The same goes for Yahoo Finance senior retirement planning columnist Kerry Hannon. She believes self-awareness is key. She encourages those thinking about retiring to talk to a therapist, a retirement advisor, or even friends and family to assess where they are in life and what their monetary fortunes are.
For more information and the latest market actions, click here.
This article written through Melanie Riehl
Welcome to.
Well, I’m not, I’m talking about Brad Smith and this is Yahoo’s financial consultant to grow its monetary footprint.
Our expert netpaintings will provide you with the resources, tools, tips and tricks you want to know to make your cash paintings on today’s show.
We take a look at the recent market rotation.
I’m going to talk to the portfolio about what they’re doing with their generation investments and a US airline is making a major update to its vision policy.
We’ll detail this update and its impact on your long-term journey.
Plus, we’ll describe the term “noisy budget” and talk to an expert about how to get you some useful money.
But first, I’m going to do a fast from the markets here.
When it comes to generation specifically, the NASDAQ is trading above the flat line, recovering from its worst day of 2024 after this week’s sell-off.
Now, if I were on the sidelines, this would be a question mark here.
Is it time to get into the technology business?
So sign up to talk about just that.
We have Burns Mckinney and Burns CEO of FJ Investment and Senior Portfolio Manager.
It’s having you with us.
Thanks for being here.
Listen, we have this technology sell-off, the worst of the year.
At least when we take a look at the big indices.
If I’m an investor listening to this wealth control program right now, do I use it as an opportunity to maybe access my 401k plan?
Move a few things, go up to the NASDAQ while being a little less expensive for some names.
There will definitely be an opportunity to buy the dips implying that this could be just the beginning of a longer, more sustainable rotation.
But the two main things that triggered all of this, one of them is that, you know, we had 3 numbers in a row of lower-than-expected inflation, which cemented the concept that the Fed will probably have the opportunity to cut rates in September, which, you know, tends to be a smart thing to do because it broadens the scope of some of the things that have been missed in the last two years, Things like stock prices like small-caps, uh, some of the names like monetary facilities in spaces and then the other thing over the last week has been that profits have come in, you know, they organize, you know, expectations and a lot of them, uh A, I ran tech stocks. they were just hit so high.
Not only do you want to beat profits, you also want to beat whispered numbers.
And you know, that’s something that can continue.
Actually, you know, what I’m describing is that most price investments, you know, price actions are the type of names that have low expectations built into them.
Unlike many of those mega-cap techies, they have incredibly high expectations and are hard to meet.
I’m like, you know, if you have two students, an A plus student who comes home with an A minus or you have an ac student who comes home with a B, you know, what kid thinks: it’s, uh you know, going out for ice cream to exceed expectations?
I would say it’s probably the latter and that’s what we’re seeing in the market right now.
This is my favorite explanation of markets I’ve ever had.
So thank you for giving me this.
I’ll borrow this for long-term stories.
But I want to go into a little more detail for investors who are listening, because I perceive that we have our own quality.
We want to look for that pricing plane, but it’s a little easier said than done.
What is your rubric for comparing plays?
And is this a situation where Americans would have to own particular corporations or a broader index that combines several of those names?
What do you think?
Well, for one, we say that investors don’t have the time or homework to spend a lot of time looking for a smart active manager.
So, you know, buying certain indices is definitely an affordable way to do it.
But, you know, having said that, you know, when there are abrupt adjustments in the market, there are some advantages to making sure that someone is at the helm of the plane and buying an asset from it, you know. . , pricing budget in terms of strategies, to get into that, you know, we’re looking for names that are generating a lot of loose cash flow.
Um, you know, one way to get into this is to buy corporations that pay and accumulate dividends because, obviously, it takes a lot of cash to pay a dividend.
But you know, when a company makes the decision to increase its dividend, it shows more than anything the management’s confidence in the company.
So that’s one way to get into some of the price names that we expect the markets to turn towards.
And of course, you know, the markets that you have have the merit of an edition of price actions that have been lagging the expansion of stocks in the United States for more than a decade.
And you know, they normally operate with a small drawdown, but that drawdown has one or two wider popular deviations than usual.
So, you know, maybe this is the main turning point.
That said, we believe now is the time to turn to some of the more value-oriented spaces in the market.
I’m going to end by asking you to play a quick little inventory variety game with me.
So I know your favorite stock picks are Honeywell Rollins and Crown Castle.
Can you give me a sentence about one?
Of course, you know, Rollins, you know, is better known as Oran.
They have, you know, a duopoly in the pest area and a lot of recurring revenue.
Hey, Crown Castle is a reed that has cell towers.
So it’s just a way to take advantage of secular trends and, you know, the growing demand for virtual content.
And Honeywell, when it comes to commercial conglomerates, is also reaping benefits from long-term trends like automation or, you know, energy efficiency, and all of that can be achieved at a lower price than their old multiples.
All right, Burns, we’re going to have to leave it there.
Thank you very much for joining us and giving us those options.
We that.
Burn Mckinney, NFJ.
Director General of Investments and also of S PM.
Now, fewer Americans are filing for unemployment at least for the last week here because initial jobless claims fell more than expected and were lower than the previous week here. walked here.
We have Nick Bunker.
Indeed.
Hiring of the director of the laboratory, Nick.
Thank you very much for being here.
So, in terms of unemployment data, at least today, I haven’t moved the needle.
But what’s the broader thesis you think you can offer us to outline where we are lately in the job market?
In short, the U. S. labor market is an ideal place today.
The long-term challenge is that you have to stay in the organization that exists lately.
We have seen that the unemployment rate has increased, but remains at 4. 1%, which is quite low compared to old levels and job vacancies.
And indeed, task assignments have declined in recent years, but they are still well above pre-Panem levels.
And in particular, when it comes to data on jobless insurance claims, we still see that layoff rates are still very low.
The labor market has cooled significantly in the last two years.
In spring 2022, the ratio of vacant and unemployed positions will approach two.
Now we return to the 1. 2 edition, which is also curious what we saw in 2019.
It is a tough labor market that is rebalancing.
He is moderate and in a smart position at the moment.
But any further increase in unemployment or relief in job openings that it initiates, or even necessarily sets off alarm bells, doesn’t start to make other people a little uncomfortable about the ideal scenario we’re in now.
It could last.
Well, let me know specifically about this article as it relates to the individual sectors that are at the most risk for our audience that’s listening, what types of jobs are potentially poised to suffer the most from this potential downturn that we see happening. of the goldilocks situation we find ourselves in right now with the hard work market.
The tricky thing is that each and every recession is different, or in other words, the most productive way to understand which jobs are most affected by a recession is to understand what caused the recession.
And, you know, we’re talking about the burden of recession either way.
I’m on today’s GDP report, but I think going forward there are a few culprits, the main one, you know, if there was a recession soon, it would be peak interest rates.
So I think that means you have to take a look at what’s happening in employment and, for example, in construction or other interest rate sensitive sectors, like manufacturing. What has been observed recently in the data, specifically with respect to construction, is that I know, there are still some attractive achievements in tasks.
Uh, it’s not a roar at all, but things remain pretty stable.
What’s been attractive in recent years are industries that have regressed to the maximum in terms of hiring, a lot of what we would call traditional, used to be called workplace jobs, but now they’re more able to work. remotely. jobs.
They’ve retreated in recent years, you know, postings for those sectors are now below their pre-pandemic level.
Um, I noticed a lot of retirements and hiring there.
Um, it’s not a recession yet.
Talk to me about this from the perspective of job seekers, because at least anecdotally, other people I know who have unfortunately been laid off in the last year are struggling to find work.
And this is an immediate replacement for what we saw: the post-pandemic shortage of hard work.
Tell me how it looks and how long it can last.
Therefore, we are seeing a slowdown in hiring rates in all spaces of the world.
You know, take a look at the government data.
Um, we have, you know, hiring rates close to what we saw, say, in 2017, 2018, when the unemployment rate was, you know, low, but at the historic levels that we saw in early 2022.
I think the timing of how you find a job right now, if you get laid off, depends on the industry.
If you’ve been laid off in the tech or media industry, for example, it will take longer than before.
And in some cases, much more so than before, in other industries where demand is still physically powerful right now and your downtime may not be as long.
You know, if you look at the overall data, the average duration of unemployment according to Bureau of Labor statistics, that’s what we saw in 2019, right before COVID hit.
As a result, there are some sectors of the labor market where finding a task takes longer than usual.
Well, though, it’s not, at least at the moment, a large-scale economy, a large-scale phenomenon.
Alright, Nick, thank you for coming with us.
We do that.
It’s Nick Bunker.
In fact, he is the director of the recruiting laboratory.
Moving on to another story we’re watching, a US airline is making a major upgrade to its business model. The South West Open Seating Plan will be a thing of the past.
The airline says it will start assigning seats and offering premium seats on all flights.
This includes about a third of the seats that will have more legroom. Southwest also announced it will add 24-hour operating capabilities with the arrival of late-night flights, and that’s attractive because open seating has been a key component of Southwest’s business for the past 50 years. years.
People who like it like it.
But Southwest says those adjustments are aimed at adapting to visitors’ personal tastes and expanding visitor revenue.
The airline says that when a visitor chooses a competitor over Southwest, the opening of seats is cited as the main explanation for the change, and the company’s profits remain the subject of dispute.
Southwest reported a 46% decline in second-quarter profit here, and CEO Bob Jordan wrote and announced that the company was taking pressing, planned action to alleviate earnings woes.
That said, the company is also under a lot of pressure to act while avoiding a proxy fight with activist investor Elliott Management, which owns a stake of about $2 billion in Southwest airline stock, down 50% in recent years. five years.
And given what they’ve said about open viewing, it makes sense that they’re hitting their profit margins with this change.
Now, if you miss out on Chipotle’s massive amounts, you don’t and you might have good news here.
We’ll have more details on portion sizes after the break, with Chipotle beating expectations in its latest results, reporting a more than 8% increase in restaurant traffic in the second quarter.
So what is the company doing to adapt to and serve emerging consumers?
I shudder at this.
We welcome Pedro.
Peter, director of BT IG and catering analyst, is very happy to be with you.
I draw this line from his recent note, his investment thesis.
You say you see Chipotle as one of the best-positioned restaurant concepts in the coming years in terms of unit economic growth, long-term prospects and consumer trends.
How do you expect this expansion to happen?
Since they likely wouldn’t raise costs this year based on those results, they discussed some looming headwinds.
Yes, thanks for inviting me.
I see, you get an acceleration in the expansion of units from 8 to 10 in the next few years.
Um, that’s going to be the foundation of their growth.
In the last quarter, it saw traffic expansion of nearly 9%.
Um, I bet you when you look at the rest of the industry, you’ll see negative traffic this quarter, for the industry.
They will be 8-10% higher than the industry in terms of traffic.
They are obviously doing their part.
They do not want to increase costs to increase the remuneration with which they do it, with traffic.
So I think it’s going to continue.
We have positive traffic in the third quarter, we expect this to continue in the fourth quarter.
Um, so I think they have a lot of expansion ahead of them. Yeah, it’s a little disappointing that the margins are a little bit lower in this part and, in fact, in the third quarter and in the second part. Training
But I think it depends on the investments they make.
So, I still think it’s the best trader in its class, with a lot of expansion ahead, double-digit earnings expansion.
Um, so I think investors deserve to think about this thoroughly with inventory as low as it has been in the last few weeks.
And one of the things that he also discussed is that the portion length factor can affect margins.
I just need to know your opinion on this because our reporter on this topic, Brook Dipalma, had just told me that the company that type of company looked at all of their franchises and analyzed the portion sizes and didn’t find much of a problem. .
If they haven’t discovered a problem, why would that lead to some sort of replacement that would affect margins in the future?
This makes it seem like they had a challenge that they’re changing.
So I think they’re looking to get ahead.
I mean, it turns out that social media thinks they have a problem.
Uh, the vast majority of outlets would possibly not have any problems.
So they invest, look, they invest like 50 points.
Um, you know, in, in, at a margin, in the last quarter, in terms of margin at the food place level, they’re almost at 29%.
That’s why I think they can invest a modest margin in larger portions.
Uh, I don’t think it’s the end of the world.
In a way it solves the disorders with social networks.
So I think it’s the right thing to do for the next few quarters until this challenge resolves itself and goes away.
Okay, Peter, be fair to me, how do you, as an analyst, see those parts?
Will you go to Chipotle across the country and make a comparison?
What are you on?
So actually, I ate it last night and, um, I was only able to eat one part of my plate and the other part in the fridge.
So I think they’re saying they’re doing what they say they’re doing.
Um, but also, you know, in our opinion, I think if you order online and pick it up at the store, you’re going to get a smaller bowl.
Uh, I would recommend consumers come in, wait in the classic line and pick up their plate.
For some explanation as to why it feels bigger.
So, honestly, I don’t think it’s a problem.
Keep in mind that they have 3,500 outlets and replace servers 23 times a day.
Then you have another 10,000 servers every day.
Everyone chooses a little differently.
So, I don’t know if it’s going to solve this challenge in the long run.
Um, maybe some extra education would help, but I don’t see this as a long-term problem.
Yeah.
It is really attractive that you communicate here about the type of recommendation for our users: if you stop by in person, you will get a little more for your investment.
I highlight the sound clip.
We came in this morning, Jack Hartung, Chief Financial Officer of Chipotle, joined our show and commented on this topic.
Listen.
We are now focusing on the poorest 10 or 15% of our restaurants.
What I mean by this is that we look for restaurants that receive a disproportionate amount of consumer feedback on portion sizes.
We go back and recycle.
We spent more time in those restaurants.
We have 3,500 restaurants, we believe that 90% of the time or more the quantities are abundant, but let’s make sure that 90% of the time becomes one hundred percent of the time so that no visitor leaves Chipotle disappointed by the size of portions to fart.
Is there a part of you, as an analyst, that feels like the portion length challenge created by the is just noise for a company that’s also facing its own inflation pressures?
The cost of food ultimately increases for both Chipotle and consumers.
Do you think this is a distraction for leaders?
That’s all, it’s noise.
Uh: And that’s a bit of a distraction.
Clearly, social media is attacking the restaurant.
Um, we with Starbucks, uh, expired last fall.
Um, this continued in the spring of this year with McDonald’s, chasing them with much higher costs that were also inaccurate.
And then they moved on to Chipotle in terms of portion sizes.
Look, I’ve been coming to this company for 16 years and 17 years have already passed.
I’ve had this challenge in the past, where investors would ask about portion sizes.
Uh, but it wasn’t like on social media.
Honestly, I personally don’t see it as a challenge.
Again, I think if you order in-store than online, you’ll get a larger portion, maybe some of those consumers order online.
Um, it’s a distraction, but I think it’s going to be short-lived, in our opinion.
Very well, Pedro.
Therefore, the message for investors is conveyed to the user and from their perspective it also turns out to be a smart time to get into stocks.
Pedro, thank you very much for being here.
Is Pedro.
So, BT IG, CEO and Restaurant Analyst, we’re going to stick with Chipo A, delving here into what the Burrito chain has said about the effect of a higher minimum wage, specifically in the state of California.
Consumers seem to oppose this and favor higher prices.
Let’s call the young financiers, Brook, Palma, who I just talked about in his report on Chipotle.
So thank you for joining us, Brook.
Tell me what’s happening in California and what’s turning into a price shock, because Chipotle consumers in California are resisting the higher costs that those corporations have accepted.
And what we heard there this California Fast.
Let’s first take a step back and be informed of how this eventually replaced the minimum wage.
The California Fast Track Act went into effect on April 1.
He then raised the minimum wage from $16 to $20 for fast-food chains with more than 60 locations, implying a 20% wage increase for Chipotle in particular.
In reaction to this, to offset those higher wages, Chipotle had to increase its menu costs in the state of California, causing Chip’s menu costs in the state to increase between 6. 5% and 7%. %.
Many analysts think it would be immune to this given the reliance on value, the full-size burritos and bows you get, and also the unwavering fans Chipotle tends to have, but it turns out that consumers ended up choosing it less. .
And we asked CEO Jack, a CFO that Jack of ours, about this earlier topic today.
And what he had to say.
It’s so much resistance.
So it’s not because Chipotle’s burrito costs a little more.
There is a relief in expenses in the restaurant industry.
And when we look at it, restaurant businesses that saw very large growth had, you know, about the same effect on sales that we saw.
Restaurants that saw some increase experienced the same kind of relief in sales.
So it’s more because everything is more expensive, the visitor has retired and is dining out, you know, practically everywhere.
So consumers settle for those higher costs and don’t spend as much as before.
Now, we also asked Chipotle CFO Jack Art how precisely they plan to offset this impact.
He said, Maddie, that Chipotle said, if they have great operations, they can provide you with a high-quality, customizable meal that will pay you the price of your dollar here and that you’ll quickly revel in the fact that they’re honing to cross that line very soon. quickly, then they will be able to win in that competition, regardless of the demanding economic situations that are presented to them.
Well, that’s attractive because it’s not just Chipotle, like you said, tell me what your resources tell you across the industry here.
Yes, this is something that is on the minds of Main Street and Wall Street, which is how the customer reacts to those higher prices.
What we’ve heard so far is, as Jack said across the board, consumers are pulling back and we asked Domino’s Pizza Seat Russell Weiner earlier this week what he’s seeing in the state, he said they haven’t had to close locations, until now. .
They haven’t had to let go of drivers like their competitors.
But he said that with higher prices, fewer orders are obtained in the short term, while there is a tendency to raise prices.
But the most sensible thing is that we are also listening to franchise owners in the state of California, one in particular from McDonald’s.
He shared with Yahoo Finance and had to close one in the state.
He has been a franchise owner for decades and decided to close a location just because of the higher prices it had.
I mean, it’s attractive and will it be attractive to monitor in the long run what kind of cost-benefit research and will others follow suit?
So I know you’ll be a part of this story for us.
Thank you very much for joining us.
We appreciate our own Brooke Dipalma moving on to another suffering sector here, luxury retail, which is having a tough week, France-based store leads Gucci owner but takes on Amul among others, with the caution that profits will fall at this time. part of the year. The year’s cooling forecast for the first part of the year fell 11% in the second quarter.
Gucci is the worst performing brand, with a profit of less than 19% compared to last year in comparable terms.
Shares fell by surprise and fell a little over 7% and this comes after LVM shares also closed in the red after reporting a failure in second-quarter sales. Both King and LV Mh referenced economic and geopolitical uncertainty in their earnings reports as they searched for reasons to fit the declines they observed.
But what does this mean for buyers?
Well, LV Mh said that with buyers traveling to Japan to take advantage of the favorable foreign exchange sales in Japan, Japan grew more than 57-57% in the last quarter alone.
This adds to the primary knowledge that even luxury buyers need to be more discerning with their purchases.
And this may be, in fact, whatever the Federal Reserve and consumers move forward as we begin to see signs of weakness in the economy as a whole.
Here to come.
This is the future of electric vehicles, from Sleep to R to trucks.
The festival is revving its engine, find out who is leading the pace at which inventions are shaping the future of transport.
Here’s why the Cyber truck is the best vehicle for moms and families.
First of all, huge rear truck, here are five things I hate about my cyber truck.
First of all, there are fingerprints everywhere.
The Tesla cybertruck is an ultra-hard stainless metal electric tank designed to withstand almost anything.
But the low-$100,000 cyberbeast is stirring up discord less than a year before the truck’s launch.
Tesla has issued 4 for similar issues with the windshield wiper housing trim and fuel pedal.
Always.
Tesla produces 1,300 cyber trucks per week with the goal of manufacturing 2,500 vehicles per week until the end of 2024.
So is the Cyber Truck a win or a bust?
Here’s what investors deserve when comparing the latest features of Tesla’s number one electric vehicles.
It is a delight for consumers.
For example, the Cyber truck is the first vehicle in the United States to have an e-mail address.
So, most cars have a frame that connects the wheel to the actual drive wheels, right?
Therefore, the Cyber Truck has motors and sensors that are not connected to each other.
Basically, you are the guide wheel, the set of wheels.
But what makes it special is that all 4 wheels can turn thanks to the undeniable action of the wheel.
Another is durability.
The Cyber Truck, with its stainless metal coating, is designed to prevent dense, long-lasting corrosion while being bulletproof.
However, some features are a point of contention, especially when it comes to our next big goal.
Secondly, the look of other people when they were released in 2019 blew them away.
Elon Musk and Tesla came up with a Rian-like truck, right?
A little bit more futuristic overall when the cyber-truck is very much out there, evoking a little bit that kind of Blade Runner and kind of a dystopian long-term with hard edges, stainless steel.
I think it attracted other people because it reminded them of the DeLorean.
This type of design is commercial and not necessarily aimed at the consumer.
This glimpse is what affects petition number three.
Although the cyber truck is unlike any other car on the road, the hype died down when it was first released, there was a lot of demand for it, those first trucks, and we started to see them appear on auction sites with great premiums.
If you wanted it.
Now you have to pay for it.
Now, six months later, we see several of those cyber trucks arriving en masse at auction sites and vintage used car sites.
And that reduces that value almost to the point where it equals the value you pay to buy one directly from Tesla, which will play into our ultimate goal.
Number four, costs.
While Tesla hasn’t disclosed how much it costs to build the cyber truck, the vehicle was built at the company’s new factory in Texas Giga, which required a $10 billion investment and the construction procedure is rarely very easy.
The unique exoskeleton is shaped using a strategy called air bending, where upper air pressure is used to shape the stainless steel.
Because of those production challenges, the price of the maximum fundamental cyber truck was $60,990 more than investors were expecting, which is approaching $50,000.
If they need to get to that value of $39,000 or even $50,000, they don’t have to keep reducing their industrialization costs.
That means: how much does it cost to build this vehicle? Can they make it less expensive as they scale?
They have more to build it.
Can you make fabrics at a lower price?
Can they start simplifying systems?
And I think the biggest challenge with electric cars these days in general is the fact that they’re too expensive.
And if it can make them less expensive for people, it may go a long way toward expanding the number of cyber truck sales.
Despite the combined criticism, Tesla’s unwavering enthusiasts would possibly continue Musk’s product vision and Cyber Trucks, Polygon’s exclusive design would possibly be here to stay.
Is the design of the cybertruck going to stay?
A Musk did it.
Yeah.
We heard that when Walter Isaacson wrote about Musk, he saw some of the first sketches of the Robo Taxi and said it looked like a two-person cyber truck.
So this commercial design and hard-edged metal may be just one facet we see in Tesla products in the long term, adding the Robo Taxi and less expensive electric cars in the future.
We’re in the middle of earnings season and we’re going to talk about automakers and Ford’s disappointing results, and Wayne the industry as a whole.
Here you can see that those stocks are down as much as 7% or more than 16%.
They lead to sales in the automotive sector in general.
So, to give our opinion, we have an auto-lock editor, Greg.
Thank you very much for being here.
I need to start with you, because I was fascinated by this $800 million statistic that, in particular, cites that the warranty charge for the quarter expanded to $800 million for consumers who might be watching.
You might just have a Ford, for example, what do they want to know about that?
Is this a quality factor for Ford as opposed to what we’re seeing at Boeing or is it something a little less serious?
Hey, thanks for having me, particularly when it comes to Ford, they had a disappointing quarter and a lot of that is due to older vehicle types, cars produced in 2021 or earlier as far as warranty pricing goes.
These are cars that want to go back to dealerships to be recalled and things like that.
And the company, through the extension, will have to bear most of those costs.
So what Ford said is that they’re looking to focus on long-term quality so that their new portfolio, the cars that are the new ones in dealerships, possibly won’t face that challenge in a couple of years.
Uh, Ford is well positioned to have some attractive electric cars and they’ve also invested in their business and their hybrid business in an effort to diversify things.
But as you can see, it’s a pretty asymmetrical quarter for them.
Yes, let’s move on to the EVS you discussed there, as the Model E electric vehicle wasted over a billion in this quarter alone.
Why do you have so much on the electronic side?
Well, right now electric cars are in a difficult situation because they are very competitive.
The margins can be quite small for them and generation is anything that corporations want to invest in to bring to market.
So for many companies, this is their first or second generation of electric cars and they essentially have to pay for this technology. So right now, they’re not going to fully realize that on the auto cap costs, the federal tax, instead of the $7,500 that’s going to be given to consumers, is meant to make it easier.
In this way, car brands can set more appropriate prices.
But at the moment it’s a bit complicated to pass the sled in that sense.
Well, let’s focus on some car-buying tips if you’re looking to buy the, hoping for less expensive models that executives are stressed about by earnings calls, or looking to take advantage of car loans. Existing taxes for elections?
What is the moment?
So, I think it’s the right time as a customer to be in the EV market; Variety has never been better.
So whether it’s Chevrolet, Volkswagen, Mercedes, Cadillac, Ford Tesla, etc.
Basically, everyone has their own opinion on electric vehicles, i. e. , with the $7,500 tax credits that can be earned on certain vehicles.
Um, and for people with certain incomes, um, they can still be quite expensive.
Basically, you have to make that decision.
Hey, is the infrastructure working?
Um, do you have chargers at home or locally around you, maybe at your address or where you work?
So it’s a non-public decision, but I think it’s a good time to buy, because, as you know, as the effects of the presidential election could reflect those $7,500 tax credits, investment in infrastructure to charge electric cars could just disappear.
Um, former President Trump said that, you know, he wasn’t as interested in electric cars as President Biden.
The landscape could change considerably.
Immediately.
The variety is pretty good.
There are a lot of lots of SA brokers, you have those taxes to be available.
So tell me what you hear in particular from the dealers who are in the room promoting those cards.
How likely do you think they are willing to negotiate with consumers to remove those cars from the lot?
Well, I think distributors are willing to negotiate.
It is of the secret power, so to speak, of the consumer.
Because right now you can arm yourself with all kinds of knowledge, you can find out how much what is being charged is worth.
You’ll likely take advantage of all the incentives available and know what you’re paying to get through to the dealership.
Um, so it’s different than it was 15 years ago, when you had to ask the broker for the price, ask nicely, and then negotiate from there.
So I think consumers have a lot more strength than they’ve ever had.
And I think dealerships, you know, are willing to negotiate because a lot of other people don’t even need to set foot in a dealership that are more than willing to have that verbal exchange in an effort to check and get things done. metal.
All right, Greg, we’re going to have to leave it there.
Thank you so much for those for our audience.
We that.
It’s Greg Migliori.
He is the editor-in-chief of the blog.
I come here.
I hope to make a quote.
I’m to blame for doing that sometimes.
But have you ever heard of noisy budgets?
We’ll look at how it can be a resilient tool for your investments.
As we come back, one of the biggest trends on TikTok this year is loud budgeting.
This trend aims to inspire other people to be fair and open about their finances.
But what is it like?
How can you care if you are interested?
Joining me now is Brian Port.
He’s the one who shapes wealth, CEO Brian, thank you for coming to talk about it.
So, let’s start with what it is for those who are familiar.
What exactly is a noisy budget?
Yes, what a noisy budget.
That’s what’s in the name.
You’re living out loud with your finances.
In general, we don’t communicate much about cash to others.
It’s quite the opposite.
It is a kind of attractive trend where you share what you are doing with the global rest or at least with your social network component.
So if we take that to the genuine global arena and outside of social media.
What advice would you give to others who grew up in a world where talking about cash is taboo?
Um And sometimes, especially for those who are struggling with their finances, it can be vulnerable to communicate it openly.
Yeah.
So that’s a fair point.
And a sum of cash is an emotional lightning rod.
So all the big feelings we feel, fear, greed, joy, envy, regret, hope, are tied to our monetary life.
So, in the so-called noisy budgeting, it is first and foremost a matter of exercising courage.
You know, the American Psychological Association is under tension in United States.
Money is the number one source of tension and the number one issue we don’t need to share with others when we can afford this noisy budget.
And I think there are bigger and worse tactics to achieve this.
There are a lot of benefits.
This clarifies thinking about what we are going to spend.
The objectives we want to achieve.
He.
That, that, that puts barriers in an attractive way.
It is a participation device that we tell the world or at least our community, this is what I am going to do.
And in a sense, it is a way of being responsible to others.
Tell me about the way to do this.
You commented that there are bigger and worse tactics for doing this.
What is the most productive way to listen to this and begin to delight in it?
Yes, I think it is vital to be very transparent about what you are trying to achieve.
What we don’t need to do is browse online, whether it’s TikTok or Twitter or platform, and just start revealing all of our monetary details, that’s not exactly healthy.
What we should do in the context of a noisy budget is to say, hey, I need to keep my expenses a secret.
I must have discipline, a disciplined plan and this is how I am going to do it.
So be methodical, take it step by step.
Um, we don’t necessarily need to share too much because it becomes kind of an emotional, indulgent moment.
It’s especially healthy, especially for the public, but especially for you.
So I would say focus on small steps if you need to do this exercise, which can be healthy.
All right, Brian, we’re going to have to leave it at that.
I appreciate you joining us in the concept of noisy budgeting.
Thank you very much and let’s move on to President Biden’s address to the country on Wednesday, explaining his resolve to resign and subpoena, passing the torch to the next generation as the president prepares to retire from his Oval Office post, it raises a broader question. Faced by millions of Americans each year, how to cope with any looming stress to retire.
Join me now as we talk about Yahoo Finance senior columnist Carrie Hannon.
Carrie, thank you so much for being here with us.
I think it’s been appealing to see the president overcome anything that so many fellow Americans face.
Certainly members of my family circle have faced this situation.
What does this tell us about the possible pressures other people face in favor of retirement?
And what advice would you give to others facing this pressure?
Yes, exactly.
Madison.
Um, it’s wonderful to be here with you.
This is a major issue, and there will be more Americans 65 this year than at any time in history.
So, this question will come up for many other people and it boils down to two things: there’s the personal side of this resolution and there’s the financial side.
Now, the non-public component is confusing and, in fact, there is no universal solution.
Uh, and ultimately, it’s self-awareness.
It’s being able to look at yourself and be fair and say, you know, what’s my motivation to keep working?
What are they, how is my health, what are my goals, that kind of thing, you know.
So, am I today?
No, where was I five years ago?
10 years ago, where am I now?
And it’s hard for other people because their identity is tied to their paintings and who they are.
So, it’s hard to understand and it’s the feeling of, you know, what to withdraw from, not what I’m withdrawing from.
And many other people can’t take that leap to think about what’s in store for them.
And it happens, you know, and other people who don’t like it take advantage of that self-awareness, that genuine kind of what we call status on the balcony and towards yourself from a little distance.
These are the other people who tend to oppose and are more reluctant to retire.
So, you know, I propose that other people find someone who you think is honest with really communicating about those issues and being transparent with you about what they see in terms of your fitness and your abilities.
It may just be, you know, a therapist or a retirement coach, it may just be a smart friend, a family member, but you get through to them and if you’re that picky, you don’t have to do it. decision, eh, all in a vacuum.
Yes, it’s your decision.
But still, you have to do a little bit of that self-analysis and personal self-assessment, you know, to be aware of who you are right now.
Well, moving forward is very attractive because there are those who need to stay at work and feel evicted, but there are others who would like to leave but feel that they do not have enough money to retire.
What advice would you give to other people who don’t have enough money to retire right now?
But I’d love that.
Yes absolutely.
Madison is for many people.
It’s intimidating, you know, if you were to retire at 65, you might have 3 decades of life ahead of you.
So, a way to go and are you able to afford this cost of living?
So the most productive thing you can do is, you know, give yourself some space to take a look at all your expenses.
What, it’s not necessarily due to the exact number.
But what are the non-negotiables that you will have to assume in the future?
And which ones are going to be more flexible once you master those things you might find tactics to get lean and mean, now secondly you might have to buckle down and attack.
How long can you keep running and accumulating as much cash as possible?
I mean, top money planners say that if you can set aside 15% of your income, your contribution is matched with an employer contribution that matches yours.
If you have that, if you’re lucky enough to have that, that’s good.
But in this case, if you are close to retirement, for this 25%.
If you can, get on, get on, get on.
Secondly, I mean, third thing, can Social Security be rolled back?
Don’t take it at 62.
Try to take it at your full retirement age.
If you can’t do it, you can.
I understand it for many reasons, but you can go back to 70, you’ll get the most productive price for your check, you’ll keep going for the rest of your life and if you think you have to keep going, um, oh, Madison’s other wonderful piece, sorry, those are all your wealth photos.
Some other people find themselves stuck only in that retirement savings account.
You may be in a better position than you think, because if you think about the equity of your home, other savings, and other outdoor things you have to do.
If not, you may not be as bad as you think.
If you only focus on spending in a retirement account, you make me feel more secure.
Thank you so much for joining us and I know you make us feel that way too.
Thank you very much.
Thank you madison.
Well, moving on, let’s answer some other important query that other people have in mind during the summer.
Is it time to take inventory of Christmas gifts?
You need to check it out with this idea.
We take a look at where our toy brands stand and what this can mean for your wallet.
Upcoming shares of toymaker Hasbro are trading higher after the company beat second-quarter earnings and earnings expectations.
The functionality of the virtual game, adding the monopoly game, has also increased your expectations.
So, to delve into those findings in the toy in general, we will be joined by James John.
He is the editor and editor-in-chief of Toy Insider.
Jaime.
It is so that you love the background.
Thank you for us.
I need to start with the trends that appear in an earnings report like this.
We have things like magic, meeting, getting a big shout, obviously, monopoly, are those trends that you see in your life as well in terms of what other people and consumers are interested in?
Hey, first of all, thank you for inviting me back.
And yes, those are trends that remain a monopoly.
For example, this game is so numerical that it was turned upside down and now there is a monopolistic board game.
So you went from board games to virtual games and came back to board games with a new game model.
So there’s a lot going on.
Hasbro, of course, is refocusing on its core business of being a toy and game maker, and of course, games are driving a lot of expansion because so many gamers are older.
Hmm.
What does that tell you about the zeitgeist at Giant right now, that you have a game like Monopoly, um, that works so well? I think it’s anything that’s intergenerational because it replaced society.
Then, of course, other people play with phones in their pockets.
They can play anything on the go.
But at the same time, everyone loves that tactile experience of getting together with friends and family to play anything on the table.
And that’s why monopoly has been so successful for decades.
And I noticed it with some of his other titles as well.
It’s a big anniversary year for several Hasbro games like Connect Four and Clue and Candy Land and the ones.
They keep going and going.
Well, that brings up a point I need to talk to you about, and that is the demand for toys by adults.
Tell me what that looks like and how you are organizing to capitalize on this demand from adults.
Of course.
So, in recent years, we noticed a huge expansion in the number of adult consumers, collectors, or adult enthusiasts, whom some people refer to as adult children.
Well, adult audiences have been there for toys since the beginning of time.
If it can be retrieved, we will pick it up.
But we actually got to that point in the pandemic where other people were reconnecting with the things they enjoyed as kids.
So now we have an industry where about 25% of all toys and games sold are for an adult in Hasbro’s paid calls, uh uh, paid calls this morning, Chris Cox, the CEO, discussed that about 60% of Hasbro’s profits come from consumers. over thirteen years of age and older.
So what we notice is a movement of older kids, adults, teens, and tweens.
They need to reconnect with the game and in new ways.
So you have those experiences, you have the premium price.
Mattel, for its part, is also getting involved.
These two wonderful titans fend for themselves in front of consumers.
Then you have Mattel Creation, a platform, Hasbro Pulse.
And then when you look beyond that, even Fco Lego Jazz usa, they all create their own platforms to meet visitor demand for those adult items.
Quick, James, when is it time to buy toys?
Um, if you’re smart and organized enough to think about this year’s holiday season, when other people are shopping for gifts?
I say late September, early October, the ideal time because all the hotlists will be published.
You’ll know what to buy before it sells out at the same time if you’re looking for discounts. Now is a wonderful time to check out those fences like Ross and Ollie’s and others and maybe take a look at some of last year’s products. Things that you can get at a very discounted price.
Alright, James likes it.
Thank you for your time at Yahoo Finance.
It’s James Zan.
He is the toy editor and editor-in-chief of Toy Insider.
Well, guys, it’s all for wealth.
Mine is Madison Mills.
Thank you so much for joining me as I filled this hour and stay tuned for more.
We’re dominating the market with Julie and Josh and you’ll be coming down right here at 3 p. m. This.
You probably don’t want to miss it.