cover of episode Shaky Housing Market Hurting Lowe’s & Gold Has Never Been More Valuable

Shaky Housing Market Hurting Lowe’s & Gold Has Never Been More Valuable

2024/8/21
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Lowe's and Home Depot are experiencing falling sales due to a struggling housing market. Homeowners are delaying renovation projects due to high interest rates, impacting related industries like furniture and power tools. This situation reflects a broader trend in consumer spending, with some sectors thriving while home improvement lags.
  • Lowe's and Home Depot report consecutive quarters of sales declines.
  • High interest rates and completed pandemic-era renovations contribute to the downturn.
  • The home improvement slump extends to related industries like furniture and power tools.
  • Consumer spending patterns show mixed results, with some sectors performing well despite the housing market woes.

Shownotes Transcript

Episode 392: Neal and Toby examine the struggling housing market which is reflected in the latest earnings report by Lowe’s and Home Depot. Then, a roundup of the biggest headlines: What happened to Mike Lynch and the yacht? Disney walks back on its attempt to block the wrongful death suit against them. Alex Cooper gets a big paycheck for leaving Spotify and joining SiriusXM. Meanwhile, gold bars are now worth a million dollars for the first time ever. Next, fewer teens are choosing not to drive which means they’re skipping out on all the car-related expenses. Lastly, a popular video game series for millennials is making a comeback. 

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00:00 - Intro

02:30 - Lowe's struggling

06:00 - Sunken super yacht

08:00 - Disney Lawsuit

10:00 - Alex Cooper Podcast Deal

14:30 - Gold prices skyrocketing

18:00 - Teens aren't driving

22:20 - Backyard sports is back

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