Calit Advisors Partner Lenore Elle Hawkins joins Yahoo Finance Live anchors Julie Hyman and Brad Smith to discuss the state of the economy, stock futures, consumer sentiment report data, May retail sales, retail inventories, inflation, and the outlook for a recession.
Don’t Miss: Valley of Hype: The Culture That Built Elizabeth Holmes
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Why is she so gleefully reporting the dire signs ? She actually started laughing as she reported it’s worse than the seventies. Very strange.
That’s how sociopaths act.
She already has her money on the sidelines ready to pump it back in after you lose 50% value.
Wealthy and on tv with people who treat her like she has something interesting to say…that’s the pinnacle of modern life, she can’t contain her self satisfaction
I am by no means well off or wealthy at all… I have worked in finance for over a decade with a focus on these very issues… It is really hard to not laugh at these, most of my colleagues predicted this scenario 2.5years ago. Lockdown with initial benefits in the USA allowed for a boom in the market, however, CMBS are going to get demolished which will impact pensions, prices will increase from the boom in the market and decline as the symptoms of a recession are discovered… Then everyone takes money out of market due to fear and necessity of liquidity coupled with reorging investment portfolios… recession!
How can you not laugh at something so obviously ignored for over 2 years while the guy who predicted the RMBS crisis (Michael Berry) kept shouting it on twitter.
@Ryan Seideman so keep waiting for the bottom then buy it up at discount right?
Yahoos push for Biden in the white house says a lot about this video . 🤔
this is the most accurate explanation of what’s going on i have heard from media in a while.
this whole thing is really inevitable , lets just do it, take the pain and move on
faster than expected that’s funny. these people are so out of touch with the working people. What kind of life so people really have when WMT is the largest employer setting the tone on wages and over priced real-estate
We are already in a recession. Economists who are predicting one next year are way behind the curve.
@Luis Gutierrez so not facts…
@Jattballer1 lol you think a 5% drop on the price of oil is going to prevent this from happening?
@Jattballer1 the U.S econmy will balance itself.
The main thing U.S. exported was its inflacion. U.S is No factory country.
The demand is not high, there are not people ordering 10 time what they used. Same with oil, low supply, that is why there are high prices.
Rates will send 25% to unemploy,ent and you’ll get 2% inflation 🙂
@el jefe more qe and stimmies for the 25% unemployment and back to square 1
What is the price of oil have to do with anything here? Demand destruction rules out a recession? Further anticipated demand destruction will drive the price even lower, so by your logic we should be in boom times then.
If every one goes to work in a car and eat at the work place the demand will come back and we will be fine. But there are some morons who are opposing this.
Im very excited, and happy too! This is excellent news! Cant wait to buy blue chip stocks on discounted prices!
I am very excited also, for SPY puts.
What stocks?
@Retrovirus lol the whole stock market!
If the situation is so bad, then why is she so happy, even laughing at one point? She seems like a person that would laugh at a small child being tortured.
@6Pro1Phet9 no this is the dumbest comment of the day, sorry Dudley.
I’m happy, I’ve been preparing for a recession for over a year now. I’ve saved all my money and lived well below my means knowing that all this good fortune in the stock market wasn’t going to last. Riches are gained in recessions. While this will destroy many people I prepared myself, this situation makes me laugh because it was so blatant that there was a recession coming LOL.
@Just A Thought not just a recession a major recession similar to 2008 at best it could be a little worse or even alot worse due to the abnormally high amount of bad stuff that has happened i been waiting to
Well said!
Why is she so happy about this?
haha right?
Because someone is finally paying attention to her
Because she is buying the dip!
How do you know the reason why she is so happy?
Julie Hyman needs to let her talk 😭
A considerable amount of pain has been built into the system by the Fed and their stupid accommodative policies over the last 14 years. That being said, let’s not forget the outright stupid policies that provided the spark for this bonfire. Biden is the worst President ever. Vote Republican in November and 2024 like your life depends upon it? Because it likely does.
Covid policies put in place caused this…the lockdowns caused this! Stop lying to the public about who caused this
you should not interrupt your speakers , Judy
Look at her chart. Q1 retail sales were on the positive side and yet GDP was NEGATIVE overall. Now, retail sales are NEGATIVE instead of positive. You do the math. We are in recession folks.
Unbiased math!
Hi lenore!
Look at how fast rents have increased as well
Housing down. It do be like that.
America has been living beyond its means. Americans are suffering, chaos with BLM/Antifas, looting, no law enforcements on criminals, no border control. Yet the Moron in Chief giving $14B to Ukraine and providing benefits to illegals, all on credit cards and hard working Americans are stuck with the bills.
There are exactly 3 things causing this: Donald Trump, Putin and white supremacists. Why are they doing this? Racism. Look it up…
Why did they keep pushing back on her that we are entering a recession, didn’t they believe her or was it not the political narrative they wanted to hear
Nope. It’s not your reports and charts and figures that tell us the recession is heading towards depression territory, it’s the price of food, our utility bills, our gas prices, and the fact that cost of living increases have outpaced wage increases. This is literally middle school economics, people. Why does the media keep up the facade like we’re idiots?
Because in reality they depend on you spending. If you spend less they get hurt. They want you back at work making them rich.
So why does Biden not believe what these people are saying
It’s a big range of opinions that range from already in recession to avoiding a recession. Everyone is making a guess based on current data.
😂😂😂😂😂😂 are these people surprised for real. Keep Reading the data and neglecting the reality in the real world 🎤🤦♀️💯
We are in a recession since January. Keep that data report still behind the curve 🤦♀️💯
First time we have a recession with more job openings than workers and 8.5% inflation…
your right a few months now in a recession i noticed a 90% decline in customers messaging me on fb marketplace,offerup,craigslist thats pretty startling tho like the lady in the video at 1:33 i think were guaranteed a recession ALMOST as bad as 2008 as bad as 2008 or even worse . and yes i know we have never had a major recession back 2 back but i believe this is it 2008 and 2022
The people who buy are the economy duuuhhhh
Great explanation.
Cool glasses, Brad!
Here’s the most cheerful bearer of bad news 🙂
Experts at talking nonsense…
See the bubble-headed bleach blond comes on at 5. She can tell you about the plane crashed with a gleam in her eye…
She meets all the wonderful criteria that Finance television requires. Capped teeth, blond hair and a pretty smile. That’s what I look for to get excellent Financial advice.
Not sure if giddy smiles while delivering bad news should be a prerequisite though.
She forgot to tell you that the Consumer Part of GDP is running at 2.7% (very strong)! GDP was negative ONLY because of the other items in GDP. It’s NOT a weak consumer. She really should have explained that difference. It’s critical to understanding GDP.
Please don’t be a dummy and buy the stocks she mentioned at the end. They are already up.
I’m sorry but her inappropriate giggling is quite grotesque. Watch this without sound and it will disturb you also
stock market: BUY BUY BUY
Alarmist nonsense
Tough 2022
Slow steady 2023 economic growth
We are not in recession
But you don’t think the STIMMY CHECKS and CASH-OUT REFIS are done? What about those gushy ” child tax credits” ? You mean, they went to people who didn’t have kids? And now they have to find jobs?
Maybe someone will or should talk about the fact we NEED A RECESSION, that the Fed has intervened to prevent, since 2010. ? Wipe-out the overleveraged corporate ZOMBIES, that have issued junk bonds to stay alive.
Walmart raised their prices by alot on things. So many other places raised their prices due to the “supply chain crisis” whatever. I quit buying things. Example Potato salad 1.97. I bought it 2 or 3 times a week. Potato salad now 3.59. I simply won’t buy it. Society needs to understand if you don’t want to pay rediculous high prices, don’t buy it. Let it sit and rot. Just get what you have to have don’t pad their pockets anymore. The prices will come down.
Walmart gave 425,000 workers 15.00 an hour. That also social security raise cost hundreds of millions of dollars. The cost is passed on. The 15.00 an hour wage has increased all companies to raise prices.
The price of fuel will come down, not much of anything else. Increased wages set the base line.
The problem is they would rather destroy it or let it rot and discard it than sell it for lower manipulating supply and demand. Prices will not come down
@Gary Smith $15 an hour was supposed to happen in 2015. Now it should be $22 an hour with the dollar losing value
It’s a great time to do fasting…
The cost of living is currently getting very high and frightening. we’re living in crazy days, inflation, price hikes and everything. How long can we really go on like this? Any pointers on how to make substantial progress in income? I would appreciate it. Interesting, how i keep reading about people making multi digit incomes from one investment or another, I really need good ways to boost my finance
It’s ambersoden…
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Ms. Amber is obviously the best, her strategy is really effective, as i keep seeing a difference in the amount of returns i’m getting from my investments. The thing with investing is, you’re either skilled or an expert or you get someone who is a professional, who can guide you through and build intelligent investments ideas to meet your financial goals.
I would like to know more about how to entrust my portfolio to someone with experience in the sector.
Jesus Christ these Bots are getting more and more sophisticated. Soon I’m sure they will pass the Turing test
Democrats blame Trump for this too.
They always need a whipping boy
She is telling the reality
Hooray! Bring on the recession. A great depression will be even better. Joe Biden will be consigned to the dust bin of history as a useless one-term President.
CONSUMER WHAT has deteriorated?? consumer health.consumer faith,consumer….? am I wrong or or is “consumer deteriorated” not proper English and quite incomplete???
How’s consumer spending compared to the same period 3, 2, and 1 year ago?
Up, up, up. Consumer has a lotta monneee!
thanks for handing the new order, the yuan is getting too strong, so we buy rubles now, and rands, and russia gives us cheap oil, so we capitalize, and please buy btc, tesla, apple, and amazon, so our factories keep pumping, we on giga 4 now, all you need, and order with features, so we we see you better.
lol okay bud
I work part time in a national franchise retail store. Every week we get 100 or more price increases. The price goes up whether they bought it at the lower cost or not. Many things raised 2 or even 3 times.
Biden destroyed our energy independence THE DAY HE TOOK OFFICE. Biden and the DEMORATS pumped worthless dollars repeatedly into the economy. THATS where your inflation is coming from. Think it through excess money increases demand. Demand that had issues because of continued DEMORAT imposed lockdowns. Now add in rising fuel prices which affect EVERYTHING you buy. It has to be transported to the store and to you. Companies pass through costs. Then wages have to start moving up ($20/hr McD’s?) because of higher prices. Then prices have to go up to cover the increased wage and transportation costs. A viscous cycle. Not by PUTIN by BIDEN and the DEMs with the unwavering support of the media. Do your own research. Go back and find gas prices and inflation rates December 2020. Then look at the graphs from then. Putin wasn’t in the picture. Now this illegitimate President is blaming oil companies for not producing enough. What company is going to invest in refinery capacity and exploration when the guy telling them to do it wants to destroy their industry? WAKE UP
Why does news people always interrupt what they are saying and not let them finish?
yes there is a recession we are not spending and we wont we have rent to pay and with sky high rent every other expense is a luxury even gas and food. so what does that tell you.
It tells you that you need to look for a better paying job and you should have bought a house with a fixed mortgage instead of renting.
@TorsTen house paid off retired vet and I have summers off lol. It’s still rough for most people. You assume to much.
credit card debt will skyrocket, home defaults will become a problem (already are), car sales will tank…thanks joe biden and his dullard crew
I will believe we are in a recession when our workload at our company starts to decelerate, that is not the case, we are busier then ever, like freaking insane!
What industry are you in?
This comment won’t age well….
layoffs will probably happen suddenly without much warning.
Agreed. I work in banking and deal with a lot of small businesses. The problem is still a lack of labor and too much demand.
@Jeffrey Nowakowski there is where most get it wrong.
Demand has mot increased. Are you ordering 10 tomes more???
U.S. is not manofactur country and there are shortages, china lockdowns etc.
As with oil price for example.
Today you see 11 milion “empty” jobs.
But next year or before you will see 13 millions seeking jobs.
U.S. economy will balance itself, that means 15-20% unemployment at least.
Get ready.
Not going to listen to Republican propaganda.
Last week we were informed that the USA economy is NOW stronger than it has ever been.
Every time Republicans believe they are going to lose, they bring out the ‘economy is in crisis’ lies.
I DON’T see it where I am. NO. It is NOT here.
Set aside the technical indicators and simply ask John or Jane Q Public how much routine items cost today versus a year ago wait for the answer and that will tell you whether we’re in a recession or not didn’t have to be this way we’ve had an economy for a while now and the worst part about it is John and Jane Q Public are being told that all this is simply not true. trillions wasted why are the American people being treated this way
Capitalism is why we are being treated this way.
FJB
Agree
Cryptocurrency and Dogecoin are not better than the flimsy debt based money system of the Federal Reserve.
What drives inflation is that for a private banker at the Federal Reserve, one dollar can become 10 or more money credits in the dark of night, leaving us all in debt.
The bankers of the Federal Reserve create an economy of debt, not an economy based upon real value, and Cryptocurrency and Dogecoin are not better money systems.
The Sustainable Prosperity Talk Show Channel presents a simple animated presentation with an action plan for establishing a citizen owned money system in the USA.
With a money system update, one dollar will be one dollar among all citizens of the USA including bankers.
We can reduce the power of the private bankers of the Federal Reserve by passing legislation to separate the banks from the operation of our national money system.
We can move away from a privately operated money system based upon ever increasing debt to a citizen owned system based on increasing value.
Man people spending money lime water
Why is she smiling? What’s wrong with her
Since mid-April, when the higher inflation picture has became more clear, these supposed inflation resistant stocks as reported by this speaker have in fact declined in value. Take Archer Daniels from mid-April to today, down 20% from $98 to $78, or Lockheed Martin down 10% since mid April, from $467 to $418, all the other stocks reported in this Youtube post follow a similar pattern. What gives? The speaker is quoting Year-To-Date price changes, which can make these stocks to appear to valid inflation hedges. If you bought the Archer Daniels stocks and the like, in April when the rise in the inflation rate was made clear, as dutiful inflation hedges, you have lost between 10% to 20% of your money, as of this date 6/21/2022.
This is a description of STAGFLATION not recession…
Stagflation eventually becomes recession.
@spdy there is never an ‘eventually’ in Economics.
Rude interrupter
Biden’s America.
I agree with everything she said except people on the sidelines coming back in. People are not going back to these jobs with high inflation. Why would they.? Your screwed either way. Also people are retired want to stay retired and will ask their stocks for cash.
Really? You all just figured out we in recession? no s#!+ I can tell you out of touch overpaid clueless economist financial types that I could have told you where we going last December and others were claiming order declines last year in certain areas.
recession? no. think 1920s great depression, but without the bread lines.
Why so bad? Why not just a mild short recession?
@TorsTen I just don’t see it happening that way. Between numerous factors like covids havoc on the economies, attacks on supply chains everywhere, I’m really surprised we are not worse off. I would call this the calm before the storm.
@TooSchool ForCool the lady in video just said its worse then 70s,80s 9/11 2008 financial crisis and the covid 2020 lockdowns there no way its a mild recession i dont think its debatable at this point its more like is it gonna be just a tad less severe then 08 the same or worse possibility all over the place but it will be in the top 3 worst recession in 100 years
Foam the run way the Fed is gonna CRASH THIS PLANE.
Consumer confidence = real economy. When the US consumer stops buying, the US economy stalls.
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十
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JOE BIDEN says: “Take a Vacation from My Problems!'” ORDERS; Dr. Leo Marvin, “Exasperated Psychiatrist” treating “Cripplingly Phobic,” Bob Wiley. a STROKE of “Brilliance” from the renowned doctor, even if it ends up BACKFIRING “Spectacularly!” It’s an ORDER, “Modern American Workers” SHOULD heed, But, for a “Variety” of REASONS do NOT. Whether a “Packed Schedule,” FEAR of “Expense,” or “Personal Matters”, Americans are CHRONIC “Under-Vacationers.”
Maybe consumers can’t afford corporate greed after all.. 🤔..🧐
The initial interest rate on new Series I savings bonds is 9.62 percent. You can buy I bonds at that rate through October 2022
Yeah but only a maximum of $10,000
I’m 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, we are finding it impossible to replace it. We can get by, but cant seem to get ahead. My condolences to anyone retiring in this crisis, 30years nonstop just for a crooked system to take all you worked for.
My local supermarket have started selling their meat joints and steaks in hard plastic security tagged casings here……l kid you not.
keep buying gas like a sucker lol I bought an EV 6 yrs ago because I no longer want to be a prisoner to oil and gas companies lol
Gas prices will always have a direct effect on food prices, the trucks don’t run on hopes and dreams.
Ok boomer you created this monster it has come to a full circle.
Scam alert
She’s sharp, I appriciate her way of connecting the dots.
i like this woman, straight to the point.
im a little blown away that this blonde is actually telling some truth in here how bad it is my question is why would she? they all lie
Report All Of These Scam Threads.
It may be localized but I am not seeing it here. Fancy restaurants are booked months out, the food halls don’t an open parking spot and crowds are so big at the mall that there was 100 people in line to get in the Nike store.
Same here, and the freeways are full as ever, all paying $7 for gas, seems like everyone has the money to pay for it.
@TorsTen the reason there doing it isnt because 100million people in america are well educated and making 80-150,000$ a yr they just dont care anymore if credit cards didnt work things would be a depression in hours
Thank you to everyone who voted for Biden, you did that. Thank you for the War in Ukraine. Thank for the blood and death, you did that. Thank you for the gas prices and inflation, you did that. Thank you the economic collapse coming, you did that.
wow, actual data, awesome
Let’s Go Brandon! America is attempting to start World War III with Russia because it knows America’s future is now measured in years.
I believe food services & drinking were up 17.5% in May compared to LY. Not sure about a possible recession, but I thought we expected some spending to shift from goods to services post pandemic. I have lots of friends who spent their “vacation money” on home projects LY. This year they are back to eating out and vacations. Inflation is insane right now, no question. Is the drop in retail really indicating a recession or a shift to services as well as coping with inflation?
If the people on the street tell you there’s a recession than guess what?!?! They feel it first and longest.
The question is when is the bottom 😅
could be 2 or 3 years from now if they plays out as bad as 2008 or worse
@brian oleson I see, in that case not sure what to do 😡
@Stocks Boost what to do with what?
@brian oleson I mean when invest heavily
@Stocks Boost oh yeah i mean if you want the bottom at best case its late next year might be mid 2024
Why r u smiling when reporting this kinda gloomy subject
The Market has been pretty bad until today it decided to surge. Everybody was Practically Crying then. It kept dipping. That’s what you get when you feel you can navigate the process on your own. Big thank to Mrs Clara Greens. I’m not bothered with how bad the Market is because my assests are insured due to her advice on the market and am earning even with the market going down.
that’s her hAndLe. get more info from her… .☝☝☝.
Access to good information is what we need to progress financially in life. here’s a good one. grateful.
@Arguelles Martinez She is good and guaranteed, with her, you get to see crypto trading from a different angle. working with her is all about win win win
@Rebecca Lynch Clara Greens always have a way of milking this market and I am happy to be her follower. My portfolio has grown to a massive 10 BTC and 20 ETH. This wouldn’t have been possible without her..
Just holding no longer works for me because of the constant bearish trends in the market. I’m glad I got to know are, will always speak of her kind and good gestures.
1:33 listen to what she says. And they tell us a mild recession? id say atleast a similar 08 crash its happening a back 2 back 08 / 22
You misspelled depression.
Stop asking! Yes we are in a recession! One does not need any economic data, just open your eyes and look around. For instance, my rent went up 26% and when i go to the gas station and the grocery store is there! I will make a prediction that inflation will be 10% by the end of the year…. Good job on your analysis!
This is Biden’s America!
The cause of this recession is the oil shutting production bybiden
This is the work of Let’s go brandon
Scary
interviewer just wants a sound bite
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I have been having same experience, My portfolio has been going down the drain while I try trading,l just don’t know what I do wrong can someone help me..
As newbies and busy investors who have little or no time to monitor trade.. I will advice you stop trading on your own it’s very risky. Seek advice of a professional trader.. Trading with an professional is the best strategy..
This is definitely a super mega epic bummer bum bum bummer lol
An ex-colleague convinced me into stock trading and investments as profitable alternative sources of income. Unfortunately, I have been down ever since. Next time, I will spend my money on myself first before considering whether I will invest or not.
I’m in a similar fix too. Hopefully, the market revives soon. Please, where can I check ROIC, market caps, comprehensive flows e.t.c And again, can you say a pro to hire or work with?
Stock 😆😆😆 why not go for NFTS
Personally I prefer working with Nancy Lynn Lewis You can look her up in the web
@Berlin NFTS LOOKS LIKE IT WONT LAST
@Patricia Cleveland That’s your opinion but not reality Nancy seems to be seasoned I must say. I bumped into one of her podcasts on NFT bubble earlier last week. Her presentation was full of professionalism. In all honesty, she’s quite vast in the job.