Brian Stewart

Yeah, I would expect it to emerge in the earnings conference call after it. I don't expect in the press release they'll say anything about it, unless they actually temper financial expectations. Sales growth won't be as strong as we thought because tariffs. But I don't expect that to happen. I think it'll be more, like you're saying, coded.

Yeah, I would expect it to emerge in the earnings conference call after it. I don't expect in the press release they'll say anything about it, unless they actually temper financial expectations. Sales growth won't be as strong as we thought because tariffs. But I don't expect that to happen. I think it'll be more, like you're saying, coded.

And I think it'll come out in the Q&A in the earnings report, earnings conference call.

And I think it'll come out in the Q&A in the earnings report, earnings conference call.

And I think it'll come out in the Q&A in the earnings report, earnings conference call.

Honestly, I would be surprised if an analyst doesn't ask about tariffs in the conference call, then I don't know that they're doing their job effectively. I think if you're a Walmart investor, I can't imagine anything else being on your mind at this point.

Honestly, I would be surprised if an analyst doesn't ask about tariffs in the conference call, then I don't know that they're doing their job effectively. I think if you're a Walmart investor, I can't imagine anything else being on your mind at this point.

Honestly, I would be surprised if an analyst doesn't ask about tariffs in the conference call, then I don't know that they're doing their job effectively. I think if you're a Walmart investor, I can't imagine anything else being on your mind at this point.

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On Thursday next week. Don't forget, these episodes will be up with transcriptions at SeekingAlpha.com slash WSB. And for a full suite of news, analysis, ratings, and data on stocks and ETFs, go to SeekingAlpha.com slash subscriptions.

Thanks. Big shoes to fill, but I'm ready.

Thanks. Big shoes to fill, but I'm ready.

Thanks. Big shoes to fill, but I'm ready.

So the obvious big news in terms of Fed prediction that happened this week was the CPI report, which came in very hot. Pretty much took a rate cut off the table for the March meeting and pushed it back quite a ways. There's now an 86% chance of no change in May. So we're looking in the kind of June, July, September timeframe for a cut.

So the obvious big news in terms of Fed prediction that happened this week was the CPI report, which came in very hot. Pretty much took a rate cut off the table for the March meeting and pushed it back quite a ways. There's now an 86% chance of no change in May. So we're looking in the kind of June, July, September timeframe for a cut.

So the obvious big news in terms of Fed prediction that happened this week was the CPI report, which came in very hot. Pretty much took a rate cut off the table for the March meeting and pushed it back quite a ways. There's now an 86% chance of no change in May. So we're looking in the kind of June, July, September timeframe for a cut.

Another thing to look at is the chance of no cut at all this year. has gone up dramatically. It's now sitting at about 23%. This is based on market trading. It was 11% a week ago, so more than doubled in the course of the week. And the major catalyst for that is a CPI report. So the market's getting used to the idea of higher for longer.

Another thing to look at is the chance of no cut at all this year. has gone up dramatically. It's now sitting at about 23%. This is based on market trading. It was 11% a week ago, so more than doubled in the course of the week. And the major catalyst for that is a CPI report. So the market's getting used to the idea of higher for longer.

Another thing to look at is the chance of no cut at all this year. has gone up dramatically. It's now sitting at about 23%. This is based on market trading. It was 11% a week ago, so more than doubled in the course of the week. And the major catalyst for that is a CPI report. So the market's getting used to the idea of higher for longer.