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Stock averages (^DJI, ^IXIC, ^GSPC) appear to be regaining some ground after disappointing second quarter reports from tech giants Magnificent Seven sparked a sell-off earlier this week. Burns McKinney, managing director and senior portfolio manager at NFJ Investment Group, suggests 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, earnings expectations for AI generation names are so high that it is increasingly difficult to meet them. When it comes to price plays, McKinney advises investors to look for companies that generate very deep cash flow. 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, 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 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 higher minimum wage put pressure on Chipotle (CMG) as consumers resisted raising menu prices. Brooke DiPalma, a senior reporter for Array Yahoo Finance, explains how California’s FAST Act affected the burrito chain’s prices and how it can win back consumers suffering from the effects of inflation.
Ford (F) reported its second quarter results, which showed adjusted earnings of $0. 47 consistent with the percentage consistent compared to the expected $0. 67. Greg Migliore, editor-in-chief of Autoblog, explains: “Right now, electric cars are in a complicated scenario because they are very competitive. Margins can be tight for them and generation is anything in which corporations So for many corporations, this is their first or second generation of electric cars, and they essentially have to pay for this generation. For most automobiles, the $7,500 federal tax incentive available to consumers is intended to facilitate that. “
While cash is a subject considered taboo, Brian Portnoy, executive director of Shaping Wealth, describes noisy budgeting as “an exercise in bravery,” especially since finances are the primary source of tension for Americans. For those who need to make a noisy budget, 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. 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 that’s how I’m going to do it. » » The same goes for retirement. Kerry Hannon, a senior columnist for Yahoo Finance, believes self-awareness is essential. She encourages those thinking about retiring to talk to a therapist, retirement counselor, or even friends and family to assess where they are in life and what their money passes 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) appear to be regaining ground after disappointing second quarter reports from tech giants Magnificent Seven sparked a sell-off earlier this week. Burns McKinney, managing director and senior portfolio manager at NFJ Investment Group, suggests the decline may simply mark “the beginning of a longer, more sustainable rotation” in the markets, driven by two key factors. First, three consecutive inflation reports were below expectations, raising hopes of a rate cut by the Federal Bank. Booking. Second, earnings expectations for AI generation names are so high that they are increasingly difficult to meet. When it comes to pricing plays, McKinney advises investors to look for corporations that generate really deep cash flow. He also recommends focusing on corporations that accumulate and pay 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 is a tough labor market that is rebalanced, moderate and in a smart position right now. But any further increase in unemployment or relief in tasks begins to ring, perhaps even necessarily, alarm bells. Array start making other people feel a little uncomfortable about the time frame we find ourselves in lately. “
Chipotle (CMG) reported second-quarter effects that beat expectations on both top and bottom lines. Leading BTIG executive and restaurant analyst Peter Saleh believes Chipotle’s expansion will come from opening new retail locations and attracting more customers. “top-tier operator” with “a lot of expansion in the future. ” However, the higher minimum wage in California has put pressure on Chipotle (CMG) as consumers have pushed back on premium menu costs. Yahoo Finance Senior Reporter Brooke DiPalma explains how the California FAST Act has impacted the burrito chain’s costs and how it can bring back consumers suffering from the effects of inflation.
Ford (F) reported its second-quarter results, which showed adjusted earnings of $0. 47 consistent with the 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’re so competitive. Margins can be tight for them. And generation is anything where corporations “In the case of maximum cars, the value is high. A $7,500 federal tax incentive, available to consumers, is intended to mitigate that. “
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 by 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 in today’s program.
We take a look at the recent market rotation.
I’m going to talk to the portfolio about what they do with their generation investments and a U. S. airline is making a major update to their vision policy.
We will 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.
As for technology in particular, the NASDAQ is trading just 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.
Has the time come to dedicate yourself to the profession of generation?
So sign up while we talk about just that.
We have Burns Mckinney and the managing director of FJ Investment and senior portfolio at Burns.
It’s having you here.
Thank you 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 management program right now, do I take it as an opportunity to maybe tap into my 401k plan?
Move some things around, get on the NASDAQ when it’s 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’ve had three consecutive lower-than-expected inflation numbers, which has cemented the concept that the Fed will probably have the opportunity. cutting rates in September, which, as you know, tends to be a smart thing to do because it’s helping to broaden the scope of some of the things that they’ve lost over the last few years, things like the price of stocks like small-caps, Um, some of the names like monetary facilities in spaces and then the other thing over the last week has been that gains have come in, you know, expectations and a lot of them, uh A, I ran tech stocks. They hit me so high.
Not only do you want to beat the winnings, you also want to beat the whispered numbers.
And you know, that’s something that can go on.
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.
On the other hand, many of those mega-cap generation corporations have incredibly high expectations and it’s hard to meet them.
I’m kind of saying, 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, “you’re, uh, you know, getting 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 market explanation 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 the investors listening to us, because I sense that we have our own quality.
We want to look for that pricing plan, but that’s a little easier said than done.
What is your rubric for comparing plays?
And is this a situation where Americans own particular corporations or a broader index that aggregates many 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 buying certain indices is definitely an affordable way to go.
But, you know, that being said, you know, when there are abrupt adjustments in the market, there are some advantages to making sure that someone is in command of the plane and buying an asset from it, you know. . , price 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’s more than anything a testament to management’s confidence in the company.
So, it’s a way to get into some of the price names that we expect the markets to move towards.
And of course, you know, the markets that you have have the merit of an edition of price actions that have been lagging behind the expansion of stocks in the United States for over 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, this may not be the first turning point.
That said, now is the time to turn to some of the market’s biggest booming spaces geared toward maximum value.
I’m going to end by asking you to play a quick little inventory variety game with me.
So I know your favorite inventory picks are Honeywell Rollins and Crown Castle.
Can you give me a prayer 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.
Um, Crown Castle, is a reed that has cell towers.
So, it’s just a way to bet on old trends and, you know, the growing demand for virtual content.
And Honeywell, as with commercial conglomerates, also takes advantage of 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 at that.
Thank you very much for joining us and offering us those options.
We do 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 as far as unemployment data goes, at least today, I haven’t moved the needle.
But what’s the broader thesis that you think you can offer us to describe where we are now with the task 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 noticed the increase in the unemployment rate, but it remains at 4. 1%, which is low compared to old degrees and job vacancies.
And in fact, for me, task vacancies have decreased 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 homework market has cooled especially in the last two years.
In spring 2022, the proportion 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 labor market that is rebalancing.
He is moderate and is 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, please reach out to me specifically about this article as it pertains to the individual sectors that are at the greatest risk to our listening audience, what types of jobs are potentially poised to suffer the maximum from this potential recession that we see in its kind. of the Goldilocks situation we find ourselves in right now with the market of hard work.
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 the recession anyway.
I’m in the GDP report today, but I think going forward there are some culprits, the main one, you know, if there was a recession soon would be GDP rates. best interests.
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 was noticed recently from the data, that is, as far as construction is concerned, is that, I know, there is still great progress in the tasks there.
Uh, not a roar at all, but things remain pretty stable.
What’s been attractive in recent years is that industries that have cut back the maximum in terms of hiring, a lot of what we would call traditional, used to call workplace jobs, but now they’re more capable of painting remotely. Jobs.
They’ve been retreated in the last few years, you know, the posts for those sectors are now below their pre-pandemic levels.
Um, I noticed a lot of retirements and hires 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 what it looks like and how long it can last.
Therefore, we are seeing a slowdown in hiring rates across the board.
You know, take a look at the government data.
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 how temporally you find a job right now, if you get fired, 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 longer than it used to where there are some other sectors where demand is still robust right now and your period out of uh work might not be that long.
You know, if you take a look at the overall data, the average duration of unemployment according to statistics from the Bureau of Labor, that’s what we saw in 2019, right before COVID hit.
Therefore, there are some task market portfolios right now where locating a task takes longer than usual.
Well, however, it is not, at least at this moment, a large-scale economy, a large-scale phenomenon.
Alright, Nick, thank you so much for coming with us.
We that.
It’s Nick Bunker.
In fact, this is the director of the recruitment 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 announces that it will begin assigning seats and offering premium seats on all flights.
This includes about a third of the seats that will have more legroom. Southwest has also announced that it will be adding 24-hour operational features with the arrival of red-eye night flights and this is interesting as open seats have been the key to Southwest’s business for the more than 50 years.
The other people who love him love him.
But Southwest says those adjustments are intended to accommodate visitors’ personal tastes and expand 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 in dispute.
Southwest reported a 46% drop in second-quarter earnings here, and CEO Bob Jordan wrote and announced that the company was taking urgent and planned actions to mitigate earnings problems.
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% over the past five years.
And given what they said about the open view, it makes sense that they would try to maximize their profit margins with this change.
Now, if you’re missing out on Chipotle’s massive amounts, that’s not the case and you might have some 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?
Step back because of that.
We welcome Pedro.
Peter, Director of BT IG and Catering Analyst, is very pleased to be with you.
I take 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 occur?
Since they likely wouldn’t raise costs this year based on those results, they discussed some looming headwinds.
Yeah, so thanks for having 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.
Therefore, 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 will 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. Yes, it’s a bit disappointing that margins are a little lower in this part and actually in the third quarter and in the second part. Formation
But I think it depends on the investments they make.
So I still think it’s a best-in-class operator, with a lot of expansion ahead, double-digit earnings expansion.
Um, so I think investors deserve to think about this carefully with inventory as low as it has been in recent 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.
Um The vast majority of outlets probably wouldn’t have any problems.
So they invest, look, they invest like 50 points.
Um, you know, in, in, at a margin, over 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.
Um, I don’t think it’s the end of the world.
This solves social media disorders.
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 to go in, wait in the classic queue 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 this will solve this challenge in the long run.
Um, maybe a little extra education can help, but I don’t see this as a long-term problem.
Yeah.
It’s really cool that you’re talking about the type of recommendation for our users here: if you stop by in person, you’ll get a little more bang for your buck.
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.
Let’s listen.
Now we’re 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 about portion sizes.
We go back and recycle.
We spent more time in those restaurants.
We have 3,500 restaurants, we believe that 90% or more of the time the quantities are abundant, but let’s make sure that 90% or more of the time it is one hundred percent of the time so that no visitor leaves Chipotle disappointed by the portion sizes of Peter.
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 managers?
That’s it, it’s noise.
Um And it’s a bit of a distraction.
Clearly, social media is attacking the restaurant.
Us with Starbucks, expired last fall.
Um, this continued into the spring of this year with McDonald’s, chasing them with much higher costs that were also inaccurate.
And then they went on to attack Chipotle because of portion sizes.
Look, I’ve been coming to this company for 16 years and 17 years have already passed.
Um, there was this challenge in the afterlife where investors were asking about portion sizes.
Um, it wasn’t that prevalent on social media.
Honestly, I personally don’t see this 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.
Uh, it’s a distraction, but I think it will be short-lived, in our opinion.
Very well, Pedro.
Therefore, the message to investors is conveyed to the user and it also turns out to be a good time to get into stocks, from their perspective.
Peter, thank you very much for being here.
It’s Pedro.
So, BT IG, CEO and Restaurant Analyst, we’re going to stick with Chipo A, delving into what the Burrito chain has said about the effect of a higher minimum wage, especially in the state of California.
Consumers seem to oppose this and favor higher prices.
Let’s bring in the young financiers, Brook, the Palmas, who I just talked about in their report on Chipotle.
So thank you from us, Brook.
Tell me what’s happening in California and what’s happening that has impacted prices because California consumers at Chipotle 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 ultimately replaced the minimum wage.
California’s Fast 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 by 6. 5% to 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 the Chipotle burrito costs a little more.
There is relief in spending in the restaurant industry.
And when we look at it, restaurant businesses that experienced really big growth had, um, you know, an effect on sales about the same as we saw.
Restaurants that saw no increase saw the same kind of relief in sales.
So it’s more because everything is more expensive, the visitor has retired and they’re dining out, you know, pretty much everywhere.
So consumers settle for those higher costs and don’t spend as much as they used to.
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 appealing because it’s not just Chipotle, like you said, let me know what their resources across the industry are telling you here.
Yes, it’s a question looming on the minds of Main Street and Wall Street: how the customer responds to those higher prices.
What we’ve heard so far is, as Jack said across the board, consumers are backing away 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, so far. .
They didn’t have to let drivers like their competitors pass.
But he said that with higher prices, you will get fewer orders in the short term, while prices tend to increase.
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.
Shared with Yahoo Finance and had to close one in the state.
He, you know, has owned a franchise for decades, decided to close a location just because of the higher prices that fall on him.
I mean, it is attractive and will be attractive to monitor in the long term 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, who is moving on to another suffering sector here, luxury retail, which is having a tough week; The France-based store carries the owner of Gucci, but takes on Amul, among others, as a precaution that profits will fall in the second part of the year. The cooling year earnings call for the first part of the year fell 11% in the second quarter.
Gucci is the worst-performing brand, with profits down 19% year-on-year on a like-for-like basis.
Shares are down and are down just over 7% and this comes after LVM stock also closed in the red after reporting a failed liquidation in the second quarter. King and LV Mh referenced economic and geopolitical uncertainty in their earnings reports as they looked for reasons to fit the declines they saw.
But what does this mean for buyers?
Well, LV Mh said that with buyers traveling to Japan to take advantage of Japan’s favorable foreign exchange sales, Japan increased by 57% to 57% in the last quarter alone.
This adds to the general wisdom that even luxury buyers need to be more discerning in their purchases.
And that may be, in fact, whatever the Federal Reserve and consumers need to move forward with as we begin to see signs of weakness in the economy as a whole.
Here to come.
This is the next step for electric vehicles, from the dream to the R and 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 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.
Tesla’s cybertruck is an ultra-hard stainless steel electric tank designed to withstand just about anything.
But the $100,000 cyberbeast is causing discord with less than a year to go before the truck launches.
Tesla has issued 4 for similar issues with the windshield wiper box 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 failure?
Here’s what investors deserve when comparing the latest number one features of Tesla’s electric vehicles.
It is a delight for consumers.
For example, the Cyber truck is the first vehicle in the United States to be steered by wire.
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 rotate 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, other people’s appearance when they came out in 2019 left them speechless.
You were hoping Elon Musk and Tesla would create a truck that looked like Rian, right?
A little more futuristic in general when the cyber-truck is far away, which is a bit reminiscent of this type of blade runner and a kind of dystopian feature film with hard edges, made of stainless steel.
I think it attracted other people because it reminded them of the DeLorean.
This type of design is commercial and is not necessarily aimed at the consumer.
This view is what affects the number three call-up.
Although the Cyber Truck is unlike any other car on the road, the excitement died down when the Cyber Truck first came out, there was a lot of demand for it, those first trucks and we started to see them appear. on auction sites for massive premiums.
If you wished.
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.
Although Tesla has not revealed how much it charges to build the cyber truck, the vehicle was built at the company’s new Giga factory in Texas, which requires an investment of $10 billion and the structure process is not easy.
The unique exoskeleton is shaped using a strategy called air bending, where the 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 $39,000 or even $50,000 price point, they don’t have to keep cutting their industrialization costs.
This means: how much do you charge to manufacture this vehicle?Can they make it less expensive as they evolve?
They have more to build it.
Can you make fabrics there at a lower price?
Can you 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 you can make them less expensive for regular people, it can go a long way in expanding the number of cyber truck sales.
Despite the combined criticism, unwavering Tesla enthusiasts would possibly continue with Musk’s product vision and Cyber Trucks, Polygon’s unique design would possibly be here to stay.
Is the cybertruck design going to stay?
I, Musk, have achieved 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’ll see in Tesla products in the long run, adding the Robo Taxi and perhaps less expensive electric cars in the future.
We’re in the middle of earnings season and we’ll be talking about the automakers and the disappointing effects of Ford and Wayne on the industry as a whole.
Here you can see that they are down 7% or more than 16%.
They lead to sales in the automotive sector in general.
So to give our opinion, we have an auto-blocking 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 cites in particular 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 reminiscent of what we see at Boeing, or is it a little less serious?
Hey, thanks for having me, particularly as it relates to Ford, they had a disappointing quarter and a lot of that is due to older vehicle types, cars produced in 2021 or earlier in terms of warranty costs.
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 quality in the future so that their new portfolio, the cars that are the new ones in dealerships, possibly won’t face this challenge in a few years.
Um, Ford is well placed to have some attractive electric cars and has also been investing in its advertising business and its hybrid business in an effort to diversify things.
But as you can see, it’s a pretty lopsided quarter for them.
Yes, let’s move on to the EVS you talked about there, since the Model E electric vehicle wasted over a billion 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 thin 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, at this point, they’re not going to fully realize that in the price of the maximum number of cars, the federal tax, rather than the $7,500 that must be paid to consumers, is meant to make it easier.
In this way, car brands can set more suitable prices.
But at the moment it’s a little difficult to pass the sled in that direction.
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 market for an electric vehicle; The variety has never been better.
This is Chevrolet, Volkswagen, Mercedes, Cadillac, Ford Tesla, etc.
Basically, everyone has their own opinion about electric vehicles, that is, with the $7,500 tax credits that can be obtained 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, investing in electric vehicle charging infrastructure 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 quite good.
There are a lot of lots of SA brokers, you have those taxes to be available.
Tell me then what you hear in particular from the dealers who are in the room promoting those cards.
How likely are they to be willing to negotiate with consumers to remove those cars from the car park?
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 you charge is worth.
You may get advantages from all the incentives available and know what you pay to move 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 power 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 verify and get things done. metal.
All right, Greg, we’re going to have to leave it at that.
Thank you very 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 budget.
It’s my fault for doing it sometimes.
But have you ever heard of noisy budgets?
We’ll look at how this can be a difficult tool for your investments.
When we come back, one of the biggest money trends on TikTok this year is noisy budgeting.
This trend aims to inspire other people to be fair and open about their finances.
But to what extent is it useful?
How can you get it if you’re interested?
Joining now for a chat, we have Brian Port.
He’s the one who shapes wealth, CEO Brian, thanks for coming to talk about that.
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 write out loud with your finances.
We don’t communicate much to others about money.
It is 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 transfer that to genuinely global social networks and outside of them.
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 come on, a sum of cash is an emotional lightning rod.
So, all the great feelings we feel—fear, greed, joy, envy, regret, hope—are tied to our monetary life.
So, so-called noisy budgeting is, above all, about 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, puts barriers in an attractive way.
It’s an engagement device that we tell the global community or at least our online community, that’s what I’m going to do.
And in a sense, it is a way of being responsible to others.
Tell me about how to do this.
You discussed that there are bigger and worse tactics for doing this.
What’s the most productive way to hear this and start reveling 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 go online, whether on TikTok or Twitter or platform, and just start revealing all our monetary details, that’s not exactly healthy.
What we need to do in the context of a noisy budget is to say, hey, I have to keep my expenses a secret.
I have to have discipline, a disciplined plan and this is how I’m going to do it.
So be methodical, take it step by step.
Um, we don’t necessarily need percentages too much because it becomes kind of a moment of indulgence and excitement.
It’s especially healthy, especially for the public, but especially for you.
So I would say take small steps if you need to get started with 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 noisy budgeting concept.
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 citing, passing the torch to the next generation as the president prepares to retire from his position in the Oval Office, raises a broader question. . that millions of Americans face each year, how to deal with any looming retirement stress.
Join me now to talk about Yahoo Finance senior columnist Carrie Hannon.
Carrie, thank you so much for being with us.
I think it’s been appealing to see the president overcome anything that so many fellow Americans face.
Surely members of my family circle have faced this situation.
What does this tell us about the potential pressures other people face in favor of retirement?
And what recommendation would you give to other people facing this pressure?
Yes, exactly.
Madison.
Uh, it’s wonderful to be here with you.
This is a big issue, and more Americans will be 65 years old this year than at any other time in history.
So this question will advocate for many other people and it comes down to two factors: the personal side of this resolution and the financial side.
However, the non-public component is confusing and, in fact, there is no one-size-fits-all solution.
Uh, and ultimately, it’s self-awareness.
It’s being able to look at yourself and be fair and say, you know, what is my motivation to keep working?
What they are, how my health is, what my goals are, that kind of thing, you know.
Is this how I am 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 figure out 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 awaits 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 be more resilient and reluctant to retire.
So, you know, I propose that other people find someone who you think is sincere to communicate with about those issues and who is transparent with you about what they see in terms of their physical condition and their abilities.
It can be just, you know, a therapist or a retirement coach, it can just be a smart friend, a family member, but it manages to reach out to them, and if you’re that picky, you don’t have to. decision, uh, everything in a vacuum.
Yes, it’s your decision.
But, still, you have to do a little bit of that self-analysis and personal self-evaluation, you know, to be aware of who you are right now.
Well, moving on is very attractive because there are those who need to stay at work and feel displaced, 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 others who don’t have enough money to retire right now?
But I would love that.
Yes absolutely.
Madison, this is big for many, 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 in a position to pay this cost of living?
So the most productive thing you can do is, you know, give yourself a little bit of space to take a look at all of your expenses.
What, it’s not necessarily due to the exact number.
But what are the non-negotiables that you will have to incur 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, maximum money planners say that if you can set aside 15% of your income, your contribution is combined with an employer contribution that matches yours.
If you have that, if you’re lucky enough to have it, that’s great.
But in this case, if you are retired, for this 25%.
If you can, get on, get on, get on.
Secondly, I mean, the 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, get the maximum return for your paycheck, keep going for the rest of your life, and if you think you want to continue, uh, oh, the other big piece. Madison, I’m sorry, he’s hunting all your opportunities for wealth.
Some other people find themselves stuck solely in that retirement savings account.
You may be in a bigger situation than you think because if you take into account the equity in your home, other savings, and other outside things you have.
If not, you may not be as bad as you think.
If your goal is simply to defer a retirement account, it makes me feel more secure.
Thank you so much for joining us and I know you make us feel that way too.
Thank you so much.
Thank you madison.
Well, let’s move on, let’s answer some other important questions that other people have in mind over the summer.
Is it time to take inventory of Christmas gifts?
You need to check it with this idea.
We take a look at the state of our toy brands and what this may mean for your wallet.
Upcoming shares of toy maker Hasbro are trading higher after the company beat second-quarter earnings and earnings expectations.
The functionality of the virtual game, adding monopoly gameplay, has also raised your expectations.
So, to delve into those findings in the toy in general, we will be joined by James John.
He is the editor of the book and the editor-in-chief of Toy Insider.
Jaime.
It’s so you like the background.
Thank you for us.
I need to start with the trends you see in an earnings report like this.
We have things like magic, gathering, getting a big shout, obviously monopoly, those trends that you see in your life as well in terms of what matters to other people and consumers?
Hey, first of all, thank you for inviting me back.
And yes, those are tendencies that remain in monopoly.
For example, this game is so digital that it has turned it upside down and now there is a monopolistic board game.
So you moved from board games to virtual ones and returned 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 the games are driving huge expansion because many of the players are older.
Humph.
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.
So, 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 that 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 go on and on.
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’re organizing to capitalize on this demand from adults.
Of course.
So, in recent years, there has been a huge expansion in the number of adult consumers, adult creditors or enthusiasts, what some people call adult children.
Well, the adult audience has been there for toys since the beginning of time.
If it can be recovered, we will pick it up.
But we actually got to this 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 children, adults, teenagers and tweens.
They are a kind of reconnecting 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 with consumers.
So 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.
Real quick, James, when is it time to buy toys?
Um, if you’re smart enough and organized enough to think about this year’s holiday season, when other people are buying gifts?
I say end of September, beginning of October, the ideal time because all the hot lists will be published.
You’ll know what to buy before it sells out at the same time if you’re looking for discounts. It’s a wonderful time to check out the latest chains like Ross and Ollie and others and maybe take a look at some of last year’s products. Things that you can get at a very discounted price.
Very good, James likes it.
Thank you for spending time on Yahoo Finance.
It’s James Zan.
He is the toy’s publisher and the editor of Toy Insider.
Well, guys, it’s all about the wealth.
Mine is Madison Mills.
Thank you so much for joining me as I fill this hour and I’ll be on the lookout for more.
We dominate the market with Julie and Josh and this will happen here at 3 p. m. m. , Eastern Time.
You may not want to miss it.