Name: Beige Book: Economic deceleration driven by Delta variant’s rise
Uploaded: 2021-09-08T18:18:23Z
Duration: P164S
Description: Yahoo Finance’s Ines Ferre breaks down the Federal Reserve’s Beige Book.

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Yahoo senior MLB analysts Jordan Shusterman and Jake Mintz discuss the highly-anticipated debut of the top overall pick in the 2023 draft Paul Skenes in Pittsburgh. Hear the full conversation on the “Baseball Bar-B-Cast” podcast - and subscribe on <a data-i13n="cpos:1;pos:1" href="https://podcasts.apple.com/us/podcast/baseball-bar-b-cast/id1646489931">Apple Podcasts</a>, <a data-i13n="cpos:2;pos:1" href="https://open.spotify.com/show/547IoA6qTC2kK8J7NpqVak">Spotify</a> or wherever you listen.

Yahoo senior MLB analysts Jordan Shusterman and Jake Mintz discuss the highly-anticipated debut of the top overall pick in the 2023 draft Paul Skenes in Pittsburgh. Hear the full conversation on the “Baseball Bar-B-Cast” podcast - and subscribe on Apple Podcasts, Spotify or wherever you listen.

Why Paul Skenes MLB debut is biggest in over a decade | Baseball Bar-B-Cast

<a data-i13n="cpos:1;pos:1" href="https://nrf.com/cnbc/nrf-retail-monitor">According to the National Retail Federation (NRF)</a>, retail sales grew modestly in April amid overall weakened consumer spending. NRF Vice President of Industry and Consumer Insights Katherine Cullen joins Wealth! to discuss the state of the consumer as inflation remains relatively high.
Cullen notes that consumer spending is normalizing as shoppers across income spectrums face "shifts in their spending patterns." "They're really prioritizing what's important to them. And as we expected, we're seeing a moderated level of spending on goods, though still above what we saw last year," she explains, adding that the retail industry is on track to achieve between 2.5% and 3.5% growth year over year.
As inflation continues to put pressure on wallets, consumers are prioritizing value. Cullen says that more consumers are choosing to swap out some private-label brands for discounted versions and pull back on dining out.
She believes consumer spending will continue as wages keep up with inflation. Cullen adds that the sporting, home, and gardening sectors are strengthening ahead of the summer season.
"This is a consumer that still feels comfortable, still feels somewhat confident in their own job security, and feels a level of comfortability continuing to spend," Cullen tells <a data-i13n="cpos:2;pos:1" href="https://www.yahoo.com/author/bradley-smith/">Brad Smith</a>.
For more expert insight and the latest market action, click <a data-i13n="cpos:3;pos:1" href="https://finance.yahoo.com/video/dow-winning-streak-novavax-surges-112547962.html">here</a> to watch this full episode of Wealth!
This post was written by Melanie Riehl

According to the National Retail Federation (NRF), retail sales grew modestly in April amid overall weakened consumer spending. NRF Vice President of Industry and Consumer Insights Katherine Cullen joins Wealth! to discuss the state of the consumer as inflation remains relatively high. Cullen notes that consumer spending is normalizing as shoppers across income spectrums face "shifts in their spending patterns." "They're really prioritizing what's important to them. And as we expected, we're seeing a moderated level of spending on goods, though still above what we saw last year," she explains, adding that the retail industry is on track to achieve between 2.5% and 3.5% growth year over year. As inflation continues to put pressure on wallets, consumers are prioritizing value. Cullen says that more consumers are choosing to swap out some private-label brands for discounted versions and pull back on dining out. She believes consumer spending will continue as wages keep up with inflation. Cullen adds that the sporting, home, and gardening sectors are strengthening ahead of the summer season. "This is a consumer that still feels comfortable, still feels somewhat confident in their own job security, and feels a level of comfortability continuing to spend," Cullen tells Brad Smith. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Melanie Riehl

Retail sales data shows consumer spending normalizing: NRF

As Americans are living longer, it is becoming increasingly important to amass retirement funds that will last throughout those extended years. Yahoo Finance contributor Ross Mac breaks down five key financial tips to help prepare for a longer life.
For more expert insight and the latest market action, click <a data-i13n="cpos:1;pos:1" href="https://finance.yahoo.com/video/dow-winning-streak-novavax-surges-112547962.html">here</a> to watch this full episode of Wealth!
This post was written by <a data-i13n="cpos:2;pos:1" href="https://www.yahoo.com/author/angel-smith/">Angel Smith</a>

As Americans are living longer, it is becoming increasingly important to amass retirement funds that will last throughout those extended years. Yahoo Finance contributor Ross Mac breaks down five key financial tips to help prepare for a longer life. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith

Five tips to ensure your retirement funds last

Small businesses have been hit by many economic challenges, from inflation to high interest rates and supply chain issues.
Yahoo Finance Anchor <a data-i13n="cpos:1;pos:1" href="https://www.yahoo.com/author/bradley-smith/">Brad Smith</a> breaks down this week's coverage of <a data-i13n="cpos:2;pos:1" href="https://finance.yahoo.com/videos/small-business-week/">Small Business: Big Opportunities </a>to help Americans understand what to consider when approaching the small business sector.
For more expert insight and the latest market action, click <a data-i13n="cpos:3;pos:1" href="https://finance.yahoo.com/video/dow-winning-streak-novavax-surges-112547962.html">here</a> to watch this full episode of Wealth!
This post was written by <a data-i13n="cpos:4;pos:1" href="https://www.yahoo.com/author/nicholas-jacobino/">Nicholas Jacobino</a>

Small businesses have been hit by many economic challenges, from inflation to high interest rates and supply chain issues. Yahoo Finance Anchor Brad Smith breaks down this week's coverage of Small Business: Big Opportunities to help Americans understand what to consider when approaching the small business sector. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino

How small businesses are finding success despite headwinds

As big tech companies roll out more advancements in tech and AI, the <a data-i13n="cpos:1;pos:1" href="https://finance.yahoo.com/video/consumer-upsides-small-businesses-online-155806580.html">opportunities for small businesses to utilize this tech</a> to their advantage grow as well. These advancements can help with a range of topics like recruitment, <a data-i13n="cpos:2;pos:1" href="https://finance.yahoo.com/video/biden-signs-tiktok-ban-bill-162145350.html">social media presence</a>, and more.
Yahoo Finance Tech Editor <a data-i13n="cpos:3;pos:1" href="https://www.yahoo.com/author/daniel-howley/">Dan Howley</a> joins Wealth! as part of the <a data-i13n="cpos:4;pos:1" href="https://finance.yahoo.com/videos/small-business-week/">Small Business: Big Opportunities</a> series to break down all the different ways new tech has helped small businesses.
For more expert insight and the latest market action, click <a data-i13n="cpos:5;pos:1" href="https://finance.yahoo.com/video/dow-winning-streak-novavax-surges-112547962.html">here</a> to watch this full episode of Wealth!
This post was written by <a data-i13n="cpos:6;pos:1" href="https://www.yahoo.com/author/nicholas-jacobino/">Nicholas Jacobino</a>

As big tech companies roll out more advancements in tech and AI, the opportunities for small businesses to utilize this tech to their advantage grow as well. These advancements can help with a range of topics like recruitment, social media presence, and more. Yahoo Finance Tech Editor Dan Howley joins Wealth! as part of the Small Business: Big Opportunities&nbsp;series to break down all the different ways new tech has helped small businesses. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino

The technology empowering small businesses

According to a Bank of America report, total card spending in American households witnessed a 1% year-over-year increase in April, surpassing the 0.3% growth observed in March. To shed light on this consumer spending trend, Bank of America Institute Senior Economist David Tinsley joins Wealth!
Tinsley characterizes the consumer spending momentum as "soft but stable." Notably, he highlights that low-income consumers continue to spend actively despite the inflationary environment, sometimes even outpacing higher-income consumers.
The economist emphasizes that at the lower end of the wage and salary spectrum, growth remains robust at around 4% year-over-year. "The labor market has been very beneficial to the lower end over the last few years," Tinsley says, potentially fueling the continued spending.
For more expert insight and the latest market action, click <a data-i13n="cpos:1;pos:1" href="https://finance.yahoo.com/video/dow-winning-streak-novavax-surges-112547962.html">here</a> to watch this full episode of Wealth!
This post was written by <a data-i13n="cpos:2;pos:1" href="https://www.yahoo.com/author/angel-smith/">Angel Smith</a>

According to a Bank of America report, total card spending in American households witnessed a 1% year-over-year increase in April, surpassing the 0.3% growth observed in March. To shed light on this consumer spending trend, Bank of America Institute Senior Economist David Tinsley joins Wealth! Tinsley characterizes the consumer spending momentum as "soft but stable." Notably, he highlights that low-income consumers continue to spend actively despite the inflationary environment, sometimes even outpacing higher-income consumers. The economist emphasizes that at the lower end of the wage and salary spectrum, growth remains robust at around 4% year-over-year. "The labor market has been very beneficial to the lower end over the last few years," Tinsley says, potentially fueling the continued spending. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith

Consumer spending is 'soft but stable': Economist

Mortgage rates ticked lower for <a data-i13n="cpos:1;pos:1" href="https://finance.yahoo.com/news/mortgage-rates-drop-for-the-first-time-in-five-weeks-with-experts-adjusting-their-forecasts-183953551.html">the first time since March this week,</a> although the 30-year fixed mortgage rate still sits above 7%. Meanwhile, according to a Gallup Poll, 76% of Americans feel <a data-i13n="cpos:2;pos:1" href="https://finance.yahoo.com/news/80-of-americans-think-its-a-bad-time-to-buy-a-house-190058819.html">it is a bad time to buy a home.</a>
Yahoo Finance Personal Finance Reporter <a data-i13n="cpos:3;pos:1" href="https://www.yahoo.com/author/rebecca-chen/">Rebecca Chen</a> joins Wealth! to break down the latest developments for American homebuyers in the current mortgage rate environment.
For more expert insight and the latest market action, click <a data-i13n="cpos:4;pos:1" href="https://finance.yahoo.com/video/dow-winning-streak-novavax-surges-112547962.html">here</a> to watch this full episode of Wealth!
This post was written by <a data-i13n="cpos:5;pos:1" href="https://www.yahoo.com/author/nicholas-jacobino/">Nicholas Jacobino</a>

Mortgage rates ticked lower for the first time since March this week, although the 30-year fixed mortgage rate still sits above 7%. Meanwhile, according to a Gallup Poll, 76% of Americans feel it is a bad time to buy a home. Yahoo Finance Personal Finance Reporter Rebecca Chen joins Wealth! to break down the latest developments for American homebuyers in the current mortgage rate environment. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino

76% of Americans feel it's a bad time to buy a house: Gallup

Nonprofit healthcare network Ascension was hit with a cyberattack earlier this week, causing a number of disruptions to its services, from appointment scheduling issues to ambulance diversions. Yahoo Finance's <a data-i13n="cpos:1;pos:1" href="https://www.yahoo.com/author/anjalee-khemlani/">Anjalee Khemlani</a> reports on the dangers of cyberattacks on major healthcare systems.
The Ascension cyberattack was just one of many cyberattacks hitting healthcare networks in the last year. When a cyberattack occurs, companies are legally required to notify patients if their health records are impacted.
Healthcare is one of the most vulnerable sectors from a cybersecurity standpoint, as providers collect and store sensitive personal information.
For more expert insight and the latest market action, click <a data-i13n="cpos:2;pos:1" href="https://finance.yahoo.com/video/dow-winning-streak-novavax-surges-112547962.html">here</a> to watch this full episode of Wealth!
This post was written by Melanie Riehl

Nonprofit healthcare network Ascension was hit with a cyberattack earlier this week, causing a number of disruptions to its services, from appointment scheduling issues to ambulance diversions. Yahoo Finance's Anjalee Khemlani reports on the dangers of cyberattacks on major healthcare systems. The Ascension cyberattack was just one of many cyberattacks hitting healthcare networks in the last year. When a cyberattack occurs, companies are legally required to notify patients if their health records are impacted. Healthcare is one of the most vulnerable sectors from a cybersecurity standpoint, as providers collect and store sensitive personal information. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Melanie Riehl

The real impact of cyberattacks on major healthcare systems

According to a survey from Santander Bank, about 80% of Americans have less than $25,000 in their savings accounts. As inflation concerns grow, worries about how much Americans<a data-i13n="cpos:1;pos:1" href="https://finance.yahoo.com/news/how-much-americans-think-they-need-for-retirement-vs-what-they-actually-have-saved-are-miles-apart-173136151.html"> think they need to save for retirement are also increasing.</a>
Santander (<a data-i13n="cpos:2;pos:1" href="https://finance.yahoo.com/quote/SAN">SAN</a>) US CEO Tim Wennes joins Wealth! to give insight into how Americans are putting away money for savings and key tips for savings management.
Wennes says Americans must start by checking in with themselves on several key questions: "Assess where you're at. How much do you have in savings? What interest rate are you earning, and what are some of the other options? For some people, if you haven't started saving or you're not accumulating as much savings as you would like, make sure you're setting the appropriate goals and make it easy for yourself to save. Pay yourself first. Set up that automated transfer into your savings account right when your paycheck comes in, to help you start to accumulate those savings."
For more expert insight and the latest market action, click <a data-i13n="cpos:3;pos:1" href="https://finance.yahoo.com/video/dow-winning-streak-novavax-surges-112547962.html">here</a> to watch this full episode of Wealth!
This post was written by <a data-i13n="cpos:4;pos:1" href="https://www.yahoo.com/author/nicholas-jacobino/">Nicholas Jacobino</a>

According to a survey from Santander Bank, about 80% of Americans have less than $25,000 in their savings accounts. As inflation concerns grow, worries about how much Americans think they need to save for retirement are also increasing. Santander (SAN) US CEO Tim Wennes joins Wealth!&nbsp;to give insight into how Americans are putting away money for savings and key tips for savings management. Wennes says Americans must start by checking in with themselves on several key questions: "Assess where you're at. How much do you have in savings? What interest rate are you earning, and what are some of the other options? For some people, if you haven't started saving or you're not accumulating as much savings as you would like, make sure you're setting the appropriate goals and make it easy for yourself to save. Pay yourself first. Set up that automated transfer into your savings account right when your paycheck comes in, to help you start to accumulate those savings." For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino

Santander US CEO examines the state of Americans' savings

Are you considering venturing into the stock market? You may want to be cautious about fad and trend stock investments.
Fad stocks are often characterized by a sudden surge in popularity driven by hype, creating short-term stock gains. Trend stocks, on the other hand, represent companies that benefit from long-term shifts in consumer preferences, such as Airbnb (<a data-i13n="cpos:1;pos:1" href="https://finance.yahoo.com/quote/ABNB">ABNB</a>).
Yahoo Finance's Julie Hyman delves into the stock action of various companies, including Uber (<a data-i13n="cpos:2;pos:1" href="https://finance.yahoo.com/quote/UBER">UBER</a>), Roblox (<a data-i13n="cpos:3;pos:1" href="https://finance.yahoo.com/quote/RBLX">RBLX</a>), and Beyond Meat (<a data-i13n="cpos:4;pos:1" href="https://finance.yahoo.com/quote/BYND">BYND</a>). She discusses the concept of fad stocks versus trend stocks, helping investors navigate the market when debating these types of investments.
For more expert insight and the latest market action, click <a data-i13n="cpos:5;pos:1" href="https://finance.yahoo.com/video/dow-winning-streak-novavax-surges-112547962.html">here</a> to watch this full episode of Wealth!
This post was written by <a data-i13n="cpos:6;pos:1" href="https://www.yahoo.com/author/angel-smith/">Angel Smith</a>

Are you considering venturing into the stock market? You may want to be cautious about fad and trend stock investments. Fad stocks are often characterized by a sudden surge in popularity driven by hype, creating short-term stock gains. Trend stocks, on the other hand, represent companies that benefit from long-term shifts in consumer preferences, such as Airbnb (ABNB). Yahoo Finance's Julie Hyman delves into the stock action of various companies, including Uber (UBER), Roblox (RBLX), and Beyond Meat (BYND). She discusses the concept of fad stocks versus trend stocks, helping investors navigate the market when debating these types of investments. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith

Fad stocks vs. trend stocks: Explained

Jack

Yahoo Finance’s Ines Ferre breaks down the Federal Reserve’s Beige Book.

Beige Book: Economic deceleration driven by Delta variant’s rise

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政府全面撤辣後，多個發展商都搶閘推售全新盤，二手業主也願意讓步，令撤辣後的樓市展現出多年未見的旺勢，只是隨著近期走勢有放緩跡象，大家都開始討論，究竟小陽春旺勢還能否持續? 今集我們會一起探討此議題。
討論這個議題之前，值得我們由一手供應開始說起。房屋局數字反映，截至2024年首季，一手貨源高達112,000個，創出政府自2004年有統計以來的新高。這些供應包括21,000個現樓貨尾，以及72,000個樓花未售的單位。若撇除等待動工的遠期供應19,000伙，單計這些短期供應，已佔可供發售貨源的83%。
但每一年，我們有多少需求呢? 以過去五年一手註冊量推算，平均每年吸納14,959個單位，現時一手貨源可說相當澎湃，足以應付全港7.6年的需求。供過於求的大環境下，加上不少發展商手持的麵粉，都是在樓市未轉角前以高價吸納，故發展商在未撤辣前確實很難去貨。
全面撤辣就成為發展商的出貨契機，即使地皮高追購入，但他們取態也寧願套現至上，畢竟大家一開始也難以評估撤辣後的市場去向，總之就要搶灘，所以全面撤辣後的一手盤策略也是先量後價，甚至有新盤較上一期劈價20%以上推售，目的就是要搶客源，甚至二手客源都要搶。
受制一手樓開始減價，若二手業主不讓步，根本就難以找到買家承接。因為只要業主稍為強硬一點，準買家絕對有條件在一手市場尋找貨源。換句話說，全面撤辣後，減價盤才能出線，市價盤只能待價而沽，所以大家都會發現全面撤辣後的二手成交，仍不乏蝕讓急走貨。
供應層面充裕，購買力也因全面撤辣而陸續釋放。說到底，全面撤辣最受惠的人還是境外客。買新樓受惠新盤劈價20%，不用再繳付重稅，變相買樓再打折，所以對照本地買家來說，他們受惠程度最大，也成為樓市最大動力。本地客則主要受惠於放寬按揭成數及暫緩壓力測試，面對境外客群起入市的氣氛，靜候多時的他們也決定要入市，因為深怕「蘇州過後無艇搭」，樓市再被谷起。
這也大致總結全面撤辣後的一二手市況，量升價卻未見大升，也就是我們所看見的小陽春旺勢。只是隨著近期部份劈價新盤，在第二輪銷情後繼無力，十大屋苑周六日成交回到淡市水平，大家又開始關注，究竟之前一鼓作氣的旺勢能否保持? 而實情背後要評估的一個因素，就是發展商劈價推售新盤所帶來的影響。
一手樓劈價推售，固然可鞏固發展商的短期業績，但實情二手市場卻繼續捱打，業主要出貨，也難免要面對割價沽貨的現實。還有一點，就是現時不少劈價的新盤均為項目發展的二期，銷售期橫跨轉角市的新盤項目，一期業主還未上會，已因二期劈價而淪為蟹貨或負資產，不單影響上會氣氛，更令財富效應逐漸消失。以前物業升值，換樓客可套現大筆資金升格，但隨著蟹貨被套牢，業主卻失去動力換樓。
雖然全面撤辣本可為換樓客拆牆鬆綁，起碼先買後賣不用預支辣稅，但效力卻因樓價下跌而抵銷。換句話說，以現時一手樓劈價推盤推測，某程度是透支部份換樓客購買力。日後是否仍有足夠購買力支持樓市，還看有沒有其他新資金，如境外客的補充。當然關鍵也視乎發展商會否繼續劈價賣樓，而這又回到基本步，究竟十萬貨源的去庫存速度如何?

政府全面撤辣後，多個發展商都搶閘推售全新盤，二手業主也願意讓步，令撤辣後的樓市展現出多年未見的旺勢，只是隨著近期走勢有放緩跡象，大家都開始討論，究竟小陽春旺勢還能否持續? 今集我們會一起探討此議題。 討論這個議題之前，值得我們由一手供應開始說起。房屋局數字反映，截至2024年首季，一手貨源高達112,000個，創出政府自2004年有統計以來的新高。這些供應包括21,000個現樓貨尾，以及72,000個樓花未售的單位。若撇除等待動工的遠期供應19,000伙，單計這些短期供應，已佔可供發售貨源的83%。 但每一年，我們有多少需求呢? 以過去五年一手註冊量推算，平均每年吸納14,959個單位，現時一手貨源可說相當澎湃，足以應付全港7.6年的需求。供過於求的大環境下，加上不少發展商手持的麵粉，都是在樓市未轉角前以高價吸納，故發展商在未撤辣前確實很難去貨。 全面撤辣就成為發展商的出貨契機，即使地皮高追購入，但他們取態也寧願套現至上，畢竟大家一開始也難以評估撤辣後的市場去向，總之就要搶灘，所以全面撤辣後的一手盤策略也是先量後價，甚至有新盤較上一期劈價20%以上推售，目的就是要搶客源，甚至二手客源都要搶。 受制一手樓開始減價，若二手業主不讓步，根本就難以找到買家承接。因為只要業主稍為強硬一點，準買家絕對有條件在一手市場尋找貨源。換句話說，全面撤辣後，減價盤才能出線，市價盤只能待價而沽，所以大家都會發現全面撤辣後的二手成交，仍不乏蝕讓急走貨。 供應層面充裕，購買力也因全面撤辣而陸續釋放。說到底，全面撤辣最受惠的人還是境外客。買新樓受惠新盤劈價20%，不用再繳付重稅，變相買樓再打折，所以對照本地買家來說，他們受惠程度最大，也成為樓市最大動力。本地客則主要受惠於放寬按揭成數及暫緩壓力測試，面對境外客群起入市的氣氛，靜候多時的他們也決定要入市，因為深怕「蘇州過後無艇搭」，樓市再被谷起。 這也大致總結全面撤辣後的一二手市況，量升價卻未見大升，也就是我們所看見的小陽春旺勢。只是隨著近期部份劈價新盤，在第二輪銷情後繼無力，十大屋苑周六日成交回到淡市水平，大家又開始關注，究竟之前一鼓作氣的旺勢能否保持? 而實情背後要評估的一個因素，就是發展商劈價推售新盤所帶來的影響。 一手樓劈價推售，固然可鞏固發展商的短期業績，但實情二手市場卻繼續捱打，業主要出貨，也難免要面對割價沽貨的現實。還有一點，就是現時不少劈價的新盤均為項目發展的二期，銷售期橫跨轉角市的新盤項目，一期業主還未上會，已因二期劈價而淪為蟹貨或負資產，不單影響上會氣氛，更令財富效應逐漸消失。以前物業升值，換樓客可套現大筆資金升格，但隨著蟹貨被套牢，業主卻失去動力換樓。 雖然全面撤辣本可為換樓客拆牆鬆綁，起碼先買後賣不用預支辣稅，但效力卻因樓價下跌而抵銷。換句話說，以現時一手樓劈價推盤推測，某程度是透支部份換樓客購買力。日後是否仍有足夠購買力支持樓市，還看有沒有其他新資金，如境外客的補充。當然關鍵也視乎發展商會否繼續劈價賣樓，而這又回到基本步，究竟十萬貨源的去庫存速度如何?

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