2024 presidential debate, housing market, & more: Best of Wealth!

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Brad Smith News

Housing Market,Retirement Planning,Bastian Lehmann

In this episode of Best of Wealth!, Yahoo Finance's Brad Smith spoke with executives, economists, and experts to discuss topics including the first 2024...

Finance's personal finance focus show, helping you think about your money holistically and comprehensively.

So if nothing happens in terms of new legislation with taxes, we are going to go back to what the tax laws were, were for individuals that is of what it was in 2016.Now, the big picture here is is that Trump is talking about more tax cuts specifically that he wants to make the individual tax cuts permanent from back in 2017.He said that he does not want to tax tips from those who work in service industries.

If you will, what is, what is the signal and, and what are some of the larger items that could roll off that reframe that household, uh, financial balance if you will? There's a real reluctance to commit to big discretionary purchases as more Americans are piling on credit card debt. There's around 50,000 products and growing that we have in our catalog and that accounts to around $280 billion worth of goods in us households.

We, we want to get something out there and we believe we did get something out there that customers love and that customers love to use. And while the A I fueled rally has pushed broader markets to new heights this year, let's not forget about some of the other that could enhance your portfolio here with more is Jeremiah Buckley, who is the Janice Henderson Investors, portfolio manager.I mean, there's been so much crowding into the tech trade, especially within the theme of generative A I.So uh one example would be health care.

Yeah, so the market has certainly been more aggressive and so the two sectors that you name are are certainly more defensive sectors. You, you also mentioned travel a moment ago, one of my favorite sectors to talk about here and continue to track when you look across what the difficulties are for maintaining margins right now.

Um We think those are better business models than the airlines, but obviously the airlines are an important aspect of making sure that we have enough supply.Um As far as the airlines, I think we're seeing differentiated results between the domestic focused airlines as well as the global airlines.Uh I think we're back to a normal trend line in the US.

 

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