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Stew Leonard’s wines and spirits President Blake Leonard ‘Maria in the mornings mornings in the mornings alcohol industry and consumers on the influence of tariffs.
On Tuesday, Capital One CEO Richarbank shared the prospect of how the American consumers’ financial institution held a quarterly profit call.
Capital was asked by an analyst on how one of the American Consumer’s Consumer’s Coconuts’ concerns in the market in the market.
Fairbank said the US consumer “remains a source of power In the economy“By adding” is true for almost any metric we look, “he said.
On Tuesday, Capital One CEO Richarbank shared the prospect of how the American consumers’ financial institution held a quarterly profit call. (Joe Raedle / Getty Images / Getty Images)
“The debt of consumer debts remains stable at previous levels from the pandemic,” he said. “We see our card portfolio, the rates of guilt and lower guilt entrances and improve payment rates within a year.”
Fairbank, “Some consumers feel pressure from the aggregate effects of inflation and higher interest rates, but he believed that the US consumer was in good condition. “
This Capital One CEO The share of customers who pay the minimum payments on credit cards “work at a slightly higher in pandemic levels,” inflation and interest rates were slightly weighed.
When I came Revolve ratesFairbank said, “They stabilized in the last year,” but “After pandemic levels for our main products and segments,” he said, “Another healthy indicator”.
During the first quarter, capital discussed the trends in one’s consumption spending.
“The spending trends during the end of the first quarter was mainly fixed,” said Fairbank informed analysts and investors. “In recent weeks, we started to start spending growth for a customer for a client for a customer this time throughout the customer segments.”
During the first quarter, capital discussed the trends in one’s consumption spending. (Kena Betancur / ViewPress / Getty Images)
Partly relevant this to the date of Easter’s next date.
“We have seen a recent increase in retail sales in the past few weeks, especially the latest growth,” Fairbank said.
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He said that potentially in response to the tariffs, buyers from procurement, but we will see “we will see it in time.”
Meanwhile, according to Fairbank, T & E has slowed down in the ticket.
“Although early, when we look at the industry information, the consumers try to advance the effects of tariffs, it is likely to be a little forward in automatic purchases.” I think the auction prices are increasing more than seasonal norms. All this is very early, but it would be right to be right. ”
President Donald Trump presented 25% of the same size with imported passenger machines and light trucks last month as well as an apple of the same size Automatic part imports.
Trump’s tariffs closed consumers and enterprises, warning the technological unity
Tariff for imported vehicles and trucks came into force on April 3. Meanwhile, the target car parts are expected to spread at the beginning of the next month.
President Donald Trump has opened a 25% tariff for the imported rims of transport and light trucks imported last month. (Francis Chung / Politico / Bloomberg Getty Imager / Getty Images)
In early April, Trump took a 90-day break on mutual tariffs and preferred to impose a 10% fee for mutual tariffs for mutual tariffs. At the same time, China raised tariffs to 145%.
