Retail sales blow past forecasts

Consumer spending confounds expectations in July, with an Amazon (AMZN) assist. (0:15) Sea Limited (SE) tumbles after earnings. (2:40) More than 70 banks could face credit downgrades. (3:25)

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Show Notes
Money managers boost risk, dump REITs to Lehman levels
Electric vehicle sticker shock: Tesla introduces cheaper versions of the Model S and Model X
Michael Burry's Scion shorts stock market in Q2, exits bank stocks
Home Depot sees comparable sales fall 2% as big-ticket demand lags