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TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and why Walmart has a message for the Trump administration.

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Transcript
00:00I'm Conway Gittins reporting from the New York Stock Exchange.
00:02Here's what we're watching on the street today.
00:04Stocks ended off the lows of Tuesday's trading range
00:07as investors gauged the risk of a wider European military
00:10conflict.
00:11Here at home, housing starts tumbled 6.9% in October,
00:16led by regions hit by hurricane activity.
00:18Investors on Wednesday will focus on quarterly results
00:21from Nvidia, Snowflake, Target, and TJ Maxx parent, TJX.
00:27Turning now to other news, Walmart
00:29is warning that a tit-for-tat tariff war
00:32will hurt US consumers.
00:33The warning to the incoming Trump administration
00:36follows solid quarterly results from the world's largest
00:38retailer.
00:39The US consumer kept on spending through autumn,
00:42even though they said the economy was their top worry
00:45during the November elections.
00:47Walmart took in roughly $170 billion
00:50in worldwide sales during the quarter.
00:53The vast majority of that came from US consumers.
00:56Sales jumped 5% to $115 billion from the same period in 2023.
01:02Walmart said shoppers came to its physical and online stores
01:06more often and spent more than they did last year.
01:09And consumers weren't just buying stuff.
01:12Walmart says consumers were also willing to pay more
01:15to get their online deliveries faster.
01:17Walmart is so giddy about its view of the consumer
01:20that it once again raised its full year outlook.
01:24Gas prices are down and inflation
01:26has ebbed, which means consumers have more to spend
01:29this holiday shopping season.
01:31All of this bodes well for shopping trends this year.
01:35Walmart, however, isn't sure about 2025.
01:38The retailer warns if Trump's tariff plans
01:41drive its costs higher, then prices at the checkout
01:45are likely to follow suit.
01:47That'll do it for your daily briefing from the New York
01:49Stock Exchange.
01:51I'm Conway Gittins with The Street.
01:54Thanks for watching.

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