Subject: Re: A trip to the mall
<i.Folks are tapped out. They can't afford a $60,000 pickup, nor the $4.50/gallon gas to feed the thing.

Wow am I glad I sold my Whirlpool last year.

‘Running out of money’: Kraft, McDonald’s, Whirlpool CEOs all issue same dire warning about US consumers. Get ready now

Kraft Heinz (NASDAQ:HKC) CEO Steve Cahillane..."They're literally running out of money at the end of the month," Cahillane said in a recent interview (1). "We're seeing negative cash flows in the lower-income brackets where they're dipping into savings."

McDonald's (NYSE:MCD) CEO Chris Kempczinski has also flagged (3) pressure on consumers, pointing to "heightened anxiety." CFO Ian Borden noted that higher gas prices are hitting lower-income households especially hard — and said he expects that pressure to continue.

Whirlpool's North America chief Juan Carlos Puente added that "consumer sentiment collapsing to record lows" due to the Iran war prevented demand from recovering after winter storms, leading to "recession-level industry contractions," with discretionary demand down roughly 15%.

Planet Fitness (NASDAQ:PLNT) shares just suffered their biggest drop on record after management slashed its revenue outlook and canceled planned price increases.

https://currently.att.yahoo.co...

Steve