Bidenomics Hits Families, Pets

Market Sizzle: Retirees suffer, stocks drop, brands struggle, Boeing supply chain chaos. ͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­ Forwarded this email? [Subscribe here]() for more [Bidenomics Hits Families, Pets]( Market Sizzle: Retirees suffer, stocks drop, brands struggle, Boeing supply chain chaos. [Josh Belanger]( May 30   [READ IN APP](   Inflation is like that unwelcome summer heatwave, hitting retirees hard and making them sweat over their savings. As prices climb, many are withdrawing more from their nest eggs, risking early depletion. It's a stark reminder of how inflation can erode financial security, especially for those in or near retirement. Bidenomics Pushes Families to Trade Down Americans are ditching big brands for cheaper store brands. In 2022, store brands took 22 cents of every grocery dollar, the highest ever. National brands still lead, but store brands like Great Value and Signature Select are gaining ground. Groceries now cost 26% more than in 2019. Shoppers are turning to cheaper store brands, says the Food Industry Association. Stores like Walmart and Aldi are boosting store brands. Walmart's Great Value brand and Aldi, with 90% store brands, are popular choices. Quality has improved, with better packaging and marketing. Private-label products are growing in many categories, like pasta and pet food. Stores want these brands to build loyalty and boost sales. More than half of retailers expect store brands to drive growth this year. Bond Yields Weigh on Stocks Stock indexes fell Wednesday as bond yields hit a month-high. The S&P 500 dropped 0.7%, with all sectors down. The tech-heavy Nasdaq fell 0.6%, and the Dow Jones dropped 1.1% or 411 points. After a May rally, stocks are now shaky. Investors are unsure about the Federal Reserve's plans for interest rates. Minneapolis Fed President Neel Kashkari said rates might stay high longer. A weak demand for Treasury auctions added to the worries. The 10-year Treasury yield rose to 4.623%. Higher yields make risky stocks less appealing and raise borrowing costs. Marathon Oil shares rose 8.4% after ConocoPhillips agreed to buy it. American Airlines shares fell 14% after lowering its outlook. Investors await new news to push stock prices up. The Fed's favored inflation gauge comes out Friday. Overseas markets also saw declines. Orange Juice Crisis Deepens Bad weather and disease in Brazil push orange juice prices to record highs. Futures prices nearly doubled, causing panic in the market. Orange juice shortages are prompting manufacturers to consider mandarins instead. Brazil’s harvests have suffered from heat and low rainfall. The US, the second-largest producer, has also faced challenges. Florida’s orange groves were hit by hurricanes and cold snaps. “This is a crisis,” said Kees Cools, president of the International Fruit and Vegetable Juice Association. Three years of low supply have drained stockpiles. The industry might switch to mandarin oranges, which are more resilient. Japan is already using mandarins due to high import costs. This shift may reshape the global orange juice market. Boeing Supply Chain Chaos Boeing's troubles are hitting its suppliers hard. With the 737 Max production slowed, suppliers don't know how many parts to make. This is due to a door panel blowout and pressure to improve quality. The Federal Aviation Administration has capped production at 38 planes per month. Boeing is building fewer but plans to increase output later. This uncertainty affects suppliers’ finances and operations. Suppliers like Astronics are worried. They could lose $11.5 million if shipments are cut. Many companies, like Spirit and Triumph, have slowed their own orders to cope. Without a stable supply chain, Boeing can't deliver jets on time. This impacts thousands of workers and raises costs for everyone. The whole industry is feeling the pain, from small parts makers to big firms like Airbus. Quick Sizzles - BlackRock Dethrones Grayscale: Bitcoin ETF War BlackRock’s iShares Bitcoin Trust overtakes Grayscale as the largest Bitcoin ETF with $19.68 billion in assets. Grayscale's fund has seen significant outflows since converting to an ETF. - Salesforce Revenue Shocker: Stock Plummets Salesforce cuts its subscription revenue forecast due to slower customer orders, causing a 16% drop in after-hours trading. - American Airlines Fumbles: Stock Tanks 14% American Airlines abandons a strategy that alienated corporate customers, resulting in a sharp stock drop and a reset in their approach. - Goldman’s $20bn Credit Grab: Market Shakeup Goldman raises $20 billion for private credit investments, aiming to dominate the fast-growing asset management sector. - Pound Soars, Euro Stumbles: Currency Clash The pound hits a 21-month high against the euro as UK inflation pressures delay Bank of England rate cuts. - IMF Pushes China: Reform Now The IMF raises China’s GDP growth forecast to 5% for 2024, urging Beijing to focus on domestic demand and reduce industrial policies. - Conoco’s $22.5bn Oil Power Play: Industry Shakeup ConocoPhillips buys Marathon Oil for $22.5 billion, consolidating its position in US shale fields amid a wave of industry consolidation. That’s today’s Market Sizzle; good trading, good life! You're currently a free subscriber to [Josh Belanger](. For the full experience, [upgrade your subscription.]( [Upgrade to paid](   [Like]( [Comment]( [Restack](   © 2024 Josh Belanger 548 Market Street PMB 72296, San Francisco, CA 94104 [Unsubscribe]() [Get the app]( writing]()