00:00 Speaker A

So what does that imply also then for the other companies we’re going to hear from this week? Some of which you just mentioned, you know, the the Lowes, the Walmarts, then the Targets of the world. Is this shaping up to be a tough time for many of them?

00:15 Speaker B

I think that we’re going to hear probably something similar from Lowe’s tomorrow in terms of pressure on the consumer. Uh now expectations weren’t as high going in for Lowes and people have been taking numbers down recently. Target has still been a bit of a challenge. Walmart really wins in this environment if people are seeking value. uh and when they do, that that definitely benefits a Walmart because that’s the place people go first. So, I think we’re going to hear at the end of the week, with all these puts and takes that I just mentioned, I think you’re going to still see a consumer that’s somewhat resilient. The upper end is still okay, spending, it’s still very much a K-shaped economy. That lower income, there’s an additional pressure that’s happening. You’re going to hear about a more pronounced paycheck cycle, I think when we hear from Walmart and from uh Target. So, all of that combines to probably leave us in the same place when you mush it all together into the uh, into the the grinder, you’re probably still seeing consumer spending up a little bit for the holiday season and people still getting gifts. And at the same time, there’s still caution around um how much they are spending and um really focusing on value.