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These sectors are expected to record strong growth in the ongoing first-quarter earnings reporting cycle.
Last week's economic narrative was dominated by a surge in retail sales as consumers seemingly bought ahead of tariffs while a volatile stock market experienced a sharp mid-week sell-off following a Federal Reserve warning on tariff uncertainty. While March saw a significant jump in consumer spending, this pre-tariff strength is unlikely to be sustained.
As earnings season kicked off last week, JPMorgan's CFO Jeremy Barnum said on the conference call with analysts that consumers had been front-loading their spending ahead of anticipated price increases from tariffs.
The Census Bureau's Advance Retail Sales Report for March showed a surge in consumer spending last month, with headline sales rising 1.4%. This is up from February's 0.2% monthly growth and is the largest monthly increase since January 2023.
Frank Holland previews the retail sales report and shares insights from strategists Jimmy Lee, Kelly Cox, and Jay Woods on how to position ahead of the data release.
Matt Boss, JPMorgan managing director, joins 'Closing Bell' to discuss the retail landscape and his retail playbook.
China hit back with 125% tariff on the U.S. after the latter imposed 145% duty on Chinese goods.
CNBC's Kate Rooney joins 'Squawk on the Street' to discuss retail investor trends.
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TALLINN, Estonia, April 08, 2025 (GLOBE NEWSWIRE) -- XRPTurbo , the first AI & RWA launchpad built on the XRP Ledger, continues its impressive growth trajectory following its successful presale.
Dana Telsey, Telsey Advisory Group CEO, joins 'Closing Bell Overtime' to talk the impact of tariffs on retail stocks.