Stocks Sink On Walmart's Woes, Housing Horror & Getting Chippy 7/26/22

The Dow & S&P 500 falling for the 2nd time in three days after Walmart cut its earnings forecast because inflation is forcing shoppers to cut back on discretionary items. Former Toys R US CEO Gerald Storch says this is the latest sign inflation will continue to weigh on consumer spending. Stifel's Mark Astrachan reveals where he sees opportunities in the retail industry. Evercore ISI's Mark Mahaney discusses how investors should trade Alphabet ahead of its earnings. Glenn Kelman, the CEO of real estate brokerage Redfin, reacts to the larger than expected decline in new home sales and says the housing market will continue to cool. And Medtronic CEO Geoff Martha discusses why passing the Chips Act in the Senate is so important for the future of the medical device industry. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.