Retailers Be Warned & Coffee for Crypto 7/26/22

Walmart has issued a dire warning to Wall Street, sending share prices of other retailers lower after cutting its profit outlook. Congress aims to move on U.S. chip manufacturing legislation this week. Senator Todd Young (R-IN) discusses moving the industry to the country’s heartland in the name of national security. Washington lawmakers are aiming to make it easier for consumers to use cryptocurrency in everyday purchases; Ylan Mui reports on plans for a future without a bitcoin capital gains tax for small buys. Plus, more of Elon Musk’s extracurriculars and the EU’s tenuous energy landscape. 

 

In this episode:

Sen. Todd Young @SenToddYoung

Ylan Mui, @ylanmui

Becky Quick @BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @Andrewrsorkin

Klaire Odumody, @klairemarie