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May 14, 2024
05/24
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temu is shifting the plan for u.s. expansion, the company decided to limit risk surrounding china, u.s. relations and in particular concern about souring sentiment in washington, d.c. about tiktok and moves by lawmakers to ban tiktok or force a sale. temu is known for great bargains like $3 t-shirts. finally, this, vice president kamala harris dropping the f word on stage at ane event about uplifting asian pacific persons to better their careers. >> your capacity to do everything you aspire to do based on other people's limited ability to see who can do. sometimes people who open the door for you and leave it open, sometimes they won't and you need to kick that [bleep] door down. excuse my language. [laughter] >> well, remember her boss also got caught in a hot mic when he was vice president talking to barack obama about health legislation, being a big blanking deal. maria. it's a morning show, i've got to be careful here. but you know, just a reminder that we've heard the f bomb dropped before. from biden. maria: whet
temu is shifting the plan for u.s. expansion, the company decided to limit risk surrounding china, u.s. relations and in particular concern about souring sentiment in washington, d.c. about tiktok and moves by lawmakers to ban tiktok or force a sale. temu is known for great bargains like $3 t-shirts. finally, this, vice president kamala harris dropping the f word on stage at ane event about uplifting asian pacific persons to better their careers. >> your capacity to do everything you...
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May 15, 2024
05/24
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i continue to look at this and say, they're not including temu. you want to knock down apparel, pick the place -- by the way, tens of millions of people buy from temu. do you think the people who create the news release, bureau of labor statistics, have ever heard of temu? >> yes, of course they have. >> no, they do not. >> of course they do. >> if only servicenow did the data -- >> there you go. >> do you think these people are living in a dark cage somewhere, not part of the real world? >> 100%. hundo p on that one, partner. >> they have their pocket calculators still? >> they don't know. >> their slide rules. what do you think they're doing? >> they're going to macy's. no offense to macy's. and the people who got on the board, which you didn't talk about because you're so busy c killing the paramount deal. >> maybe they're going to sears. >> holy cow, sears has nothing. sears lives in the stanley black & decker world with craftsman where my father said you can use a hammer for three years and take it back. >> one of the great sears brands for s
i continue to look at this and say, they're not including temu. you want to knock down apparel, pick the place -- by the way, tens of millions of people buy from temu. do you think the people who create the news release, bureau of labor statistics, have ever heard of temu? >> yes, of course they have. >> no, they do not. >> of course they do. >> if only servicenow did the data -- >> there you go. >> do you think these people are living in a dark cage...
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May 24, 2024
05/24
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and what can i say for wm except that temu and shein and up there? it is a fantastic company. we have tech, dining out, communication, that is perfect diversification. we are 3 for 3. let's press our luck with greg and florida. >> hey. i really enjoy your insight. i appreciate the insight into the portfolio. >> people like to be on tv and i love it when they are on. we are the only show on earth left that puts real people on. let's go to work. >> you are correct. my stocks are broad calm, chipotle, deckers outdoor, goldman sachs, and in my diversified? >> we know that broadcom does a lot with cell phones. chipotle is the finest in the country. deckers had such a quarter. it was a blowout on so many different levels. vertex is cf but they also have an anti-pain company that is not habit-forming. goldman has been the best performer and finance. we have finance, tax, restaurant, clothing, drug. that is a picture-perfect portfolio. it rocks. we are so not done. we will now go to lori in connecticut. >> booyah. >> booyah, lori. >> thank you for taking my call. i'm a long-term watch
and what can i say for wm except that temu and shein and up there? it is a fantastic company. we have tech, dining out, communication, that is perfect diversification. we are 3 for 3. let's press our luck with greg and florida. >> hey. i really enjoy your insight. i appreciate the insight into the portfolio. >> people like to be on tv and i love it when they are on. we are the only show on earth left that puts real people on. let's go to work. >> you are correct. my stocks are...
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May 13, 2024
05/24
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but temu was a boon for amazon because if you ordered stuff from temu, it's open about when it comes, but with amazon, they give you the day i want to recommend a stock off them that is much better -- a much better play, and it's waste management, the wm. >> didn't you have them long the last couple of weeks >> yes, but this goes right from your house to landfill, and i think we should send it right to wm, and it will raise their quarters. >> from chinese factories to our landfills. it's an old story. >> this is kind of a redux i've ordered stuff and it's amazing. >> one of the biggest mistakes. >> it was a very bag mistake, a very ill-advised mistake to buy that bathing suit. i thought it looked kind of -- oh, yeah. >> speaking of journal stories, it was the advertising spend story about advertising on a retailers website and how that model will overtake traditional tv span next year? >> these with all articles where we say tv is now radio, radio is now newspapers without a doubt, the money issue -- >> the up front season, the old up front season, which seems odd they still have thes
but temu was a boon for amazon because if you ordered stuff from temu, it's open about when it comes, but with amazon, they give you the day i want to recommend a stock off them that is much better -- a much better play, and it's waste management, the wm. >> didn't you have them long the last couple of weeks >> yes, but this goes right from your house to landfill, and i think we should send it right to wm, and it will raise their quarters. >> from chinese factories to our...
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May 1, 2024
05/24
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with you guys it pinterest it's different would you talk about temu as potential partners, are you seeing any uplift. bill: cross-border has been a contributor to the growth. it's not overwhelming but it's a nice contributor. as i mentioned before our strength in retail has been broad-based. retailers from all sizes are finding strength on interest -- pinterest. we are seeing that bevy of clicks. it's also because they are able to meet hard-to-find shoppers on pinterest, they are meeting those shoppers in a moment where users come to pinterest where they have clear intent. but they haven't yet decided what to buy. they're coming here with more general thoughts. what to wear to coachella, those are great but the user has clear intent. we are seeing that broad-based across retailers is a contributor. >> focusing more on the china for the moment, one of the key social media players, do you think more gen z will come to you because of tiktok potentially being banned and no longer existing in the u.s.? bill: when you look at why we are doing so well with gen z, we are doing something different
with you guys it pinterest it's different would you talk about temu as potential partners, are you seeing any uplift. bill: cross-border has been a contributor to the growth. it's not overwhelming but it's a nice contributor. as i mentioned before our strength in retail has been broad-based. retailers from all sizes are finding strength on interest -- pinterest. we are seeing that bevy of clicks. it's also because they are able to meet hard-to-find shoppers on pinterest, they are meeting those...
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May 8, 2024
05/24
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people pointed to spending patterns and europe and people talk about competition from the likes of temu, on top of that, the fact that they are pretty optimistic about the margin picture and the fact the operating margins in the short-term are taking a hit, which seems to be tied to a continued spending on marketing. that is what wall street is trying to balance out. to the points from the president, they think if they spend that money on marketing, that will pay out. wall street is working through that right now. sonali: earlier it had its worst drop on record and you are still facing the worst drop since 2022 on an intraday basis. what do investors really want to see at this point? is it going to take them time to appease investors? >> i think these earnings in particular are coming at a point in the earning cycle where we are now starting to ask more questions about the health of the u.s. consumer. there is a certain amount of sensitivity and all the sudden if you are protecting lower growth in revenue the second quarter, people start asking questions and the other thing we heard fro
people pointed to spending patterns and europe and people talk about competition from the likes of temu, on top of that, the fact that they are pretty optimistic about the margin picture and the fact the operating margins in the short-term are taking a hit, which seems to be tied to a continued spending on marketing. that is what wall street is trying to balance out. to the points from the president, they think if they spend that money on marketing, that will pay out. wall street is working...
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May 2, 2024
05/24
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it is facing increased competition from temu and amazon and walmart. shares are down more than 12.5%. >>> we are watching shares of apple this morning ahead of the earnings after the close the tech giant throws its hat in the a.i. race and investors are bracing for the fifth down quarter in the last six. steve kovach has the numbers to wat watch. >> reporter: the big number is the greater china sales. china has been a sore spot for apple. sales have been plummeting in the country thanks to weak demand and competition from huawei why does this matter china contributes up to 20% of the annual sales and apple has yet to find another market to make up for the downturn there it is trying to grow in india and indonesia and vietnam. apple sales in china have not improved with iphone sales down 19% for the first three months of the year in china overall smartphone sales have increased. this is similar to the apple downslide in 2019. the anticipated a.i. announcements could help boost sales in the next iphone cycles in the back half of the year and into 2025. f
it is facing increased competition from temu and amazon and walmart. shares are down more than 12.5%. >>> we are watching shares of apple this morning ahead of the earnings after the close the tech giant throws its hat in the a.i. race and investors are bracing for the fifth down quarter in the last six. steve kovach has the numbers to wat watch. >> reporter: the big number is the greater china sales. china has been a sore spot for apple. sales have been plummeting in the country...
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May 14, 2024
05/24
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. >> we don't know whether temu is in. great fan of the fed, amazon is a great fan of the fed. if you don't like at what china has done in terms of keeping apparel down, you wouldn't think apparel was so hot as it was last month. does the fed include? we don't know. again, there's no transparency . they're only including apparel bought from gap? we don't know. >> we're making an assumption that it is inclusive broadly speaking, everything including what's available to you online through teemu. >> i look at temu and it costs more that ship it than the stuff. then maybe the fed is looking at quality. >> i know jay powell -- how many threads is that? he counts those threads. >> jay powell is smarter than these numbers. >> we'll hear from him in about an hour. >> jay powell is doing his best to take these numbers down. it's going to be corporations that take things down. wet can't get housing down. if rates are so high, they don't want to build more houses. looking at an outfit like stanley black & decker. >> investing club. >> yes. thank you. of dewalt. they have gross margins goi
. >> we don't know whether temu is in. great fan of the fed, amazon is a great fan of the fed. if you don't like at what china has done in terms of keeping apparel down, you wouldn't think apparel was so hot as it was last month. does the fed include? we don't know. again, there's no transparency . they're only including apparel bought from gap? we don't know. >> we're making an assumption that it is inclusive broadly speaking, everything including what's available to you online...
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May 10, 2024
05/24
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don't know anymore, i have been concerned about taking share from them, and that higher margin with temu, and can't compete as well on walmart at the groceries which is huge for the target consumers. >> and walmart's chart looks okay but i think you're right i think now, they are really catering to every income bracket. but we saw studies this week, we saw data out, every income bracket is doing better off than they were pre-pandemic every one. >> based on -- >> based on net worth. based on net worth and the amount of debt they're carrying. >> we're not there yet. >> is that home and stock portfolios >> lower end doesn't -- they don't own homes. they do not own homes. it is about a paycheck wages increased. karen brought that up earlier. so they're richer quote-unquote than they were pre-pandemic and they still have savings. >> all right which report would be most key to you >> i'm really interested, i think housing is so critical to understanding the overall outlook. so many americans, that's really where their store of net worth is and their sense of confidence, so i'm really curious a
don't know anymore, i have been concerned about taking share from them, and that higher margin with temu, and can't compete as well on walmart at the groceries which is huge for the target consumers. >> and walmart's chart looks okay but i think you're right i think now, they are really catering to every income bracket. but we saw studies this week, we saw data out, every income bracket is doing better off than they were pre-pandemic every one. >> based on -- >> based on net...
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May 15, 2024
05/24
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interest department, i have never heard of, temu? but, with these bad numbers, there were some good ones. especially on the deal front, where consumers seem to be getting some relief. 0.4% month over month decline in vehicle prices, used cars and trucks. in fact, used cars and trucks were down 6.9% year-over-year, very nice, finally! and finally, it is all about services. i will tell you up front, there is less good news 2.2 here, this is really an achilles heel. the best thing we could point out is that the price increases in services are, indeed, decelerating. the overall 0.4% month over month uptake for services in april was better than in february and march, certainly better than the 0.7% january reading. so, a big problem, but not as bad as it was. how about that? when you drill down, i don't like that decrease in shelter or medical care services, or the 0.9% increase in transportation services, which is actually the lowest number from transportation in the last four months, but it is still really bad. worst of all, car insuranc
interest department, i have never heard of, temu? but, with these bad numbers, there were some good ones. especially on the deal front, where consumers seem to be getting some relief. 0.4% month over month decline in vehicle prices, used cars and trucks. in fact, used cars and trucks were down 6.9% year-over-year, very nice, finally! and finally, it is all about services. i will tell you up front, there is less good news 2.2 here, this is really an achilles heel. the best thing we could point...
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May 3, 2024
05/24
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i think of a company like temu. it spent tons advertising to reach out to the consumer the last couple yeears. there is a trade rule which allows temu and shein to ship packages directly to consumers. if you are consumer, you don't have to pay the same duties or taxes that others like you have to pay. what does that mean? >> it's not a level playing field for sure. you know, i don't know if that gets fixed at some point in time, but it makes a difference. the other thing that is important is, you know, the safety rules that apply -- there's no mechanism to ensure the same safety is happening. >> in terms of the products? >> product testing. safety testing. testing for lead-based paint and those things. no mechanism to make sure that is happening on packages that are going directly from the manufacturer to the consumer. when you are inputting a k container at a time and the csps has a chance to look at the paper work and making sure you are doing the testing appropriate for the products. >> you are although your stuf
i think of a company like temu. it spent tons advertising to reach out to the consumer the last couple yeears. there is a trade rule which allows temu and shein to ship packages directly to consumers. if you are consumer, you don't have to pay the same duties or taxes that others like you have to pay. what does that mean? >> it's not a level playing field for sure. you know, i don't know if that gets fixed at some point in time, but it makes a difference. the other thing that is important...
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May 17, 2024
05/24
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they're wrong because they don't know temu and amazon. >> that was a good exchange. meantime, we're watching china rolling out new measures in hopes to stabilize their property crisis. eunice yoon is live with more. >> reporter: hey, carl. the support package is beijing's most aggressive yet. the focus of it is to convert unsold homes into affordable housing and also to encourage more people to buy new apartments. now, the package involves a $42 billion relending fund to help state-owned firms to buy inventory for that public housing. local governments would be leaned on very heavily. they would buy some unsold homes at, quote, reasonable prices. they're also being urged to get more heavily involved with finishing stalled projects or creating the conditions so the projects would be completed and buying back land from developers in order to try to ease their financial burden. now, as for the potential buyers, the national mortgage rate floor will be removed from tomorrow and down payments ratios will also be cut. state media has been describing these steps as historic
they're wrong because they don't know temu and amazon. >> that was a good exchange. meantime, we're watching china rolling out new measures in hopes to stabilize their property crisis. eunice yoon is live with more. >> reporter: hey, carl. the support package is beijing's most aggressive yet. the focus of it is to convert unsold homes into affordable housing and also to encourage more people to buy new apartments. now, the package involves a $42 billion relending fund to help...
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May 2, 2024
05/24
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questions about temu and shein which have entered the u.s. market aggressively and amazon and where ebay fits and whether those categories are long-term growth categories or sort of more fatty they were popular during covid but i'm curious what the path looks like from here >> yeah. we're seeing game changing experience into our focus categories where we build to have the highest in those, the highest consumer satisfaction, we see gmv follow in our focus categories we're growing 5% this quarter. we have big categories like our parts and accessories business for vehicles is over $10 billion, and that's growing mid single digits. it's because ebay has the benefit of massive scale 131 million buyers, $73 billion of business, and we have the benefits of cross-category shopping when a parts and accessory buyer comes in, they not only buy $400 in parts and accessories, but $800 in categories across the site we have 30% of our business focused categories growing at 5% and we continue to invest in that game-changing experience. >> jamie, i know ai, o
questions about temu and shein which have entered the u.s. market aggressively and amazon and where ebay fits and whether those categories are long-term growth categories or sort of more fatty they were popular during covid but i'm curious what the path looks like from here >> yeah. we're seeing game changing experience into our focus categories where we build to have the highest in those, the highest consumer satisfaction, we see gmv follow in our focus categories we're growing 5% this...