In February, Benzinga's very own Jason Raznick, the President and co-founder of the site, dropped by CNBC to discuss the company, social media, and SEC regulation.
Now Raznick has visited Fox Business to examine the point at which inflation will curtail consumer spending.
“Although the overall economic infrastructure may be poor, consumers look at the bright spots,” Raznick said. “McDonald's MCD hiring 50,000 people in one day. Ford F and GM GM hiring and giving bonuses. Consumers are positive people, and when they see these bright spots, they continue to spend. You're gonna have to see some weeks of negative numbers for that to change.”
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: Long IdeasNewsShort IdeasMovers & ShakersMediaPersonal FinanceTrading IdeasGeneralAutomobile ManufacturersCNBCConsumer DiscretionaryFordFox BusinessGeneral MotorsGMJason RaznickMcDonald’sRestaurants
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in