The Economy

[Buffalogurl]

I’m not sure why you’re pretending that one retailer is significant to the whole economy, but Walgreens net income was up 191% over the last 12 months.

Oh I'm just getting started........your blind to the fact that the employees of 700 stores are out of work...
The only reason the stock market is "climbing" is foreign money looking for a "safe" haven amidst the world's turmoil?

 

[MajorRewrite]

Oh I'm just getting started........your blind to the fact that the employees of 700 stores are out of work...
The only reason the stock market is "climbing" is foreign money looking for a "safe" haven amidst the world's turmoil?

You’re ignoring that Walgreens net income is up 191% over the last 12 months?

$344 million net income in the 3rd quarter alone.

 

[Buffalogurl]

You’re ignoring that Walgreens net income is up 191% over the last 12 months?

$344 million net income in the 3rd quarter alone.

No I'm not ignoring that at all....I'm saying the average hourly person is taking a beat down.... that corporate money your so proud of, ask yourself where is it headed? Here's my thoughts, it ain't gonna benefit anyone but the top 1%...

 

[MajorRewrite]

Retail sales soar past Wall Street estimates in July

Retail sales surpassed Wall Street's estimates in July, easing concerns of a significant slowdown in the US economy.

Retail sales rose 1% in July. Economists had expected a 0.4% increase in spending, according to Bloomberg data.

 

[Bn2f]

You’re ignoring that Walgreens net income is up 191% over the last 12 months?

$344 million net income in the 3rd quarter alone.

No I'm not ignoring that at all....I'm saying the average hourly person is taking a beat down.... that corporate money your so proud of, ask yourself where is it headed? Here's my thoughts, it ain't gonna benefit anyone but the top 1%...

I hear what you’re saying MR but I’m still confused on voting for the candidates who support the middle class and are actually in unions over the ones being funded by billionaires and who are openly telling them that they will cut their taxes even more in a quid pro quo if they contribute even more money to their campaign.

 

[MajorRewrite]

US unemployment claims fall 7,000 to 227,000 in sign of resiliency in job market

The number of Americans applying for unemployment benefits fell last week, another sign that the job market remains resilient in the face of high interest rates.

Jobless claims dropped by 7,000 to 227,000 last week, the Labor Department reported Thursday. The four-week average of claims, which smooths out week-to-week ups and downs, fell by 4,500 to 236,500.

Good news that Americans can celebrate.

 

[Bn2f]

No I'm not ignoring that at all....I'm saying the average hourly person is taking a beat down.... that corporate money your so proud of, ask yourself where is it headed? Here's my thoughts, it ain't gonna benefit anyone but the top 1%...

BG? I’m here to help you, ok?

What you should say to MR is this…

Yeah, I see the writing on the wall that Walgreens is setting itself up to file for bankruptcy but it’s making sure its board and high valued investors will be compensated and covered. But the lowly employee is going to get shafted and I’m ok with that so long as I can blame Biden and use it as an excuse to vote for trump.

There. That wasn’t so hard.

 

[MajorRewrite]

BG? I’m here to help you, ok?

What you should say to MR is this…

Yeah, I see the writing on the wall that Walgreens is setting itself up to file for bankruptcy but it’s making sure its board and high valued investors will be compensated and covered. But the lowly employee is going to get shafted and I’m ok with that so long as I can blame Biden and use it as an excuse to vote for trump.

There. That wasn’t so hard.

I wish you wouldn’t bury the real economic news under this stuff.

Retail sales: up!
Unemployment claims: down!

Good economic news all around today.

 

[Bn2f]

I wish you wouldn’t bury the real economic news under this stuff.

Retail sales: up!
Unemployment claims: down!

Good economic news all around today.

Apologies.
Not my intention.
The stock market has rebounded. I think I heard the latest economic report again showed a decrease in unemployment.
BG isn’t interested in any of those things, though, I agree it’s necessary to still state the truth.

 

[MajorRewrite]

Unlike poorly managed Walgreens, Walmart reports excellent results.

Walmart beats sales, raises outlook

US same-store sales are up 4.3%, including a 4.2% increase for its namesake Walmart business, and 5.2% jump for Sam's Club, according to Bloomberg estimates.

In Q2, revenue grew 4.8% to $169.34 billion, compared to the $168.46 billion expected. Adjusted earnings also beat estimates at $0.67, a 9.8% year over year increase.

 

[Bn2f]

US indexes have been rallying strongly since last Thursday when weekly employment data reassured investors that the labor market was not that bad

Stocks: This Week's Bounce Is More Than Just a Rebound​

https://www.investing.com/analysis/us-indices-more-than-a-rebound-200650968

 

[jaF0]

Walmart boosts outlook for 2024 with bargains proving a powerful lure for the inflation weary​

Walmart Inc. reported another quarter of strong results Thursday as inflation-weary shoppers continue to be drawn to its low prices as they grapple with still high prices on everything from rent to groceries.

US shoppers sharply boosted spending at retailers in July despite higher prices​

Americans stepped up spending at retailers last month by the most in a year and a half, easing concerns that the economy might be weakening under the pressure of higher prices and elevated interest rates.

US unemployment claims fall 7,000 to 227,000 in sign of resiliency in job market​

The number of Americans applying for unemployment benefits fell last week, another sign that the job market remains resilient in the face of high interest rates.

 

[AlexBailey]

Oh I'm just getting started........your blind to the fact that the employees of 700 stores are out of work...
The only reason the stock market is "climbing" is foreign money looking for a "safe" haven amidst the world's turmoil?

When capital gains taxes are low investors have less incentive to seek tax shelters and deductions available to employers.

Under Trump’s Tax Cuts and Jobs act of (TCJA) 2017 the richest Americans didn’t need to rely on write offs available to business investors to keep their money. Same with corporations who wanted to repatriate overseas money.

The TCJA is still in effect today and continues to decrease treasury revenue and increase national debt.

A lot of the tax savings has gone into real estate- Trumps game, inflating property values and increasing the cost-of-living for everyone.

 

[Pad_Foot]

You’re ignoring that Walgreens net income is up 191% over the last 12 months?

$344 million net income in the 3rd quarter alone.

Now tell him about the "DRILL DRILL DRILL" folks. What are their profits off of OUR RESOURCES... which they "lease"
and then they get subsidies on top of that, and some say wars like Iraq. Odd... we kept men there guarding the oil pipelines.

What are CEO's compensations doing??

Where do they manage to come up with MILLIONS for PACs?? We need to take our government back!
(Oh wait... now they just ask for a BILLION UP FRONT!)

 

[jaF0]

What are CEO's compensations doing??

Potentially massive pay package for Starbucks new CEO, and he doesn't even have to move to Seattle​

ABC|51 minutes ago
Incoming Starbucks CEO could make well in excess of $100 million in his first year with the company under an incentive-laden contract, and he will not be required to relocate from his home in California to Seattle,

 

[Pad_Foot]

Potentially massive pay package for Starbucks new CEO, and he doesn't even have to move to Seattle​

ABC|51 minutes ago
Incoming Starbucks CEO could make well in excess of $100 million in his first year with the company under an incentive-laden contract, and he will not be required to relocate from his home in California to Seattle,

and that's what sort of multiple of the people REALLY WORKING????????????????????

What's this ratio done over time!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

FUCK

 

[AlexBailey]

No I'm not ignoring that at all....I'm saying the average hourly person is taking a beat down.... that corporate money your so proud of, ask yourself where is it headed? Here's my thoughts, it ain't gonna benefit anyone but the top 1%...

Wow. Sometimes you actually get it.

Would you support higher taxes for corporations and capital gains for billionaires with deductions available for good paying job creation or is that concept too socialist for you?

 

[beckiefalwell]

No I'm not ignoring that at all....I'm saying the average hourly person is taking a beat down.... that corporate money your so proud of, ask yourself where is it headed? Here's my thoughts, it ain't gonna benefit anyone but the top 1%...

You mean the people Trump gave all the tax breaks to?

 

[beckiefalwell]

Watch a funny 2025 Project Training video.

 

[butters]

https://www.msn.com/en-us/money/com...r&cvid=3a7cf7d38a17418e81b0b59865f13fb5&ei=19
Walgreens closing 700 stores......my guess is the losses are unsustainable from rampant shoplifting that goes unpunished or the economy just sucks

^^well there's a stupid

the massive profits Walgreens makes is due to poor pay for employees v far higher store prices of their goods. One prescription I was collecting for someone was 3 times as expensive as the same item in Walmart. Why are you blaming shoplifting when you should be blaming a greedy corporation not willing to invest in local workers?

I’m not sure why you’re pretending that one retailer is significant to the whole economy, but Walgreens net income was up 191% over the last 12 months.

exactly.

plus a lot of companies now are doing more business online and improve profits by not paying out for a bricks and mortar outlet.

As for Walmart (whose profits are shooting up), I watched a report this morning and a lot of their profits are coming from a 22% increase in online sales PLUS managing to attract the kind of customer who earns over $100K... something they didn't before. Richer people are now shopping via Walmart in search of 'bargains' and I can tell you from personal experience I am seeing HUGE jumps in prices on particular items, ranging from bread to my own preferred brand of sparkline, fruit-flavoured waters: about 2 years ago, it was 50 cents for a litre bottle... it jumped to almost 70 cents last year then there was a rollback to around 58 cents, and this week they're now charging 75 cents per bottle! The kind of price jumps are both sudden and excessive on certain items and I wonder how much is a response to actual cost increases and how much a pandering to the kind of customer who sees paying 75 cents for a bottle of really nice sparkling water a true bargain... they may have been spending in the region of $3-$5 a bottle before. Price-gouging.

I'm delighted to see Kamala Harris will be addressing investigating price-gouging as a main economic interest this week.

 

[butters]

No I'm not ignoring that at all....I'm saying the average hourly person is taking a beat down.... that corporate money your so proud of, ask yourself where is it headed? Here's my thoughts, it ain't gonna benefit anyone but the top 1%...

so that is directly the fault of greedy corporations you were just giving a pass to by saying it must be all the shoplifting.

complain to them about investing in the local communities instead of creaming off all the profits for the fat cats

 

[Buffalogurl]

When capital gains taxes are low investors have less incentive to seek tax shelters and deductions available to employers.

Under Trump’s Tax Cuts and Jobs act of (TCJA) 2017 the richest Americans didn’t need to rely on write offs available to business investors to keep their money. Same with corporations who wanted to repatriate overseas money.

The TCJA is still in effect today and continues to decrease treasury revenue and increase national debt.

A lot of the tax savings has gone into real estate- Trumps game, inflating property values and increasing the cost-of-living for everyone.

Take into consideration... out of control spending, giving my hard money to foreign countries ie... 150 billion to Ukraine billions to Israel, giving billions to the illegal aliens sucking up valuable resources that hampers real Americans from purchasing a home..... also the illegals drive the wage scale further down inadvertently impoverishing middle and lower wage earners
As a reminder the interest on the national debt now stands a a trillion dollars every year and rising....

 

[Buffalogurl]

so that is directly the fault of greedy corporations you were just giving a pass to by saying it must be all the shoplifting.

complain to them about investing in the local communities instead of creaming off all the profits for the fat cats

You forget it's their business.... they're in business to benefit themselves..... whether you or I like it or not....
Obviously you never owned or made payroll in your own business.....well I have..... I built my business to benefit me...

 

[Buffalogurl]

^^well there's a stupid

the massive profits Walgreens makes is due to poor pay for employees v far higher store prices of their goods. One prescription I was collecting for someone was 3 times as expensive as the same item in Walmart. Why are you blaming shoplifting when you should be blaming a greedy corporation not willing to invest in local workers?

exactly.

plus a lot of companies now are doing more business online and improve profits by not paying out for a bricks and mortar outlet.

As for Walmart (whose profits are shooting up), I watched a report this morning and a lot of their profits are coming from a 22% increase in online sales PLUS managing to attract the kind of customer who earns over $100K... something they didn't before. Richer people are now shopping via Walmart in search of 'bargains' and I can tell you from personal experience I am seeing HUGE jumps in prices on particular items, ranging from bread to my own preferred brand of sparkline, fruit-flavoured waters: about 2 years ago, it was 50 cents for a litre bottle... it jumped to almost 70 cents last year then there was a rollback to around 58 cents, and this week they're now charging 75 cents per bottle! The kind of price jumps are both sudden and excessive on certain items and I wonder how much is a response to actual cost increases and how much a pandering to the kind of customer who sees paying 75 cents for a bottle of really nice sparkling water a true bargain... they may have been spending in the region of $3-$5 a bottle before. Price-gouging.

I'm delighted to see Kamala Harris will be addressing investigating price-gouging as a main economic interest this week.

Your price increases? Yes some of it is from "greed" but the majority is from a failing dollar that the feds keep printing.. without any backing other than thin air and the diminishing us military might.....
Like a true tyrant most likely she/Joe may very well introduce price controls, didn't work in Zimbabwe, didn't work in Argentina, nor in Venezuela..... before you can blink this country will have shortage and a viable black market...
As we speak Gavin Newsom is talking about nationalizing the petroleum industry in California, that'll end well

 

[MajorRewrite]

As a reminder the interest on the national debt now stands a a trillion dollars every year and rising....

A reminder about the national debt that you pretend to be concerned about: Trump added more to the national debt in one term than any other president.