Companies around the economy are increasingly warning about the negative effects of the goods recession, one after another missing revenue and sales targets/expectations. The latest from several of the largest global businesses point to deepening macroeconomic setbacks. Even the automobile industry is showing signs of serious weakness, starting with pricing. No surprise commodity markets are sharply lower in spite of supply factors as the downturn is set to spread.
Eurodollar University's Money & Macro Analysis
Bloomberg Markets Tear Up Popular Trades That Reached ‘Stupid Levels’
https://www.bloomberg.com/news/articles/2024-07-25/everything-you-thought-you-knew-about-2024-markets-has-changed
EuroNews Nestlé downgrades sales outlook and looks to new products for growth
https://www.euronews.com/business/2024/07/25/nestle-downgrades-sales-outlook-and-looks-to-new-products-for-growth
CNBC Unilever pops 6% on margin guidance raise, Ben & Jerry’s spinoff on track to complete by end of 2025
https://www.cnbc.com/2024/07/25/unilever-pops-6percent-on-guidance-raise-says-ben-jerrys-spinoff-on-track.html
STMicroelectronics Reports 2024 Second Quarter Financial Results
https://investors.st.com/static-files/9f07c6a1-5da9-49cf-8a95-4c301436fb0b
The Detroit News Ford CFO says growing dealer inventory 'worries me'
https://www.detroitnews.com/story/business/autos/ford/2024/06/11/ford-cfo-john-lawler-growing-dealer-inventory-worry/74056579007/
J.D. Power-GlobalData U.S. Automotive Forecast for July 2024
https://www.morningstar.com/news/business-wire/20240726147635/jd-power-globaldata-us-automotive-forecast-for-july-2024
CNBC U.S. crude oil on pace for third weekly decline as China demand outweighs U.S. growth
https://www.cnbc.com/2024/07/26/crude-oil-prices-today.html
CNBC U.S. crude oil falls nearly 2% to lowest levels in six weeks
https://www.cnbc.com/2024/07/23/oil-prices-drop-to-lowest-levels-in-more-than-a-month.html
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU
What is Eurodollar University?
Jeff Snider will guide you through the realm of monetary science. Multiple episodes uploaded each week, discussing big news and key current events, the state of markets and what they are telling you, as well as historical summaries and deep background material so that you can understand what’s really going on in this eurodollar’s world.