Spectrum Brands (NYSE:SPB) Q4 2025 Earnings Call November 13, 2025 09:00 AM ET Company ParticipantsDavid Maura - Executive Chairman and CEOFaisal Qadir - EVP and CFOJen Schultz - Division VP of Financial Planning and Analysis and Investor Relations and Investor RelationsConference Call ParticipantsChris Carey - Head of Consumer Staples Research and Senior Equity AnalystNone - AnalystIan Zaffino - Managing Director and Senior Equity AnalystSteve Powers - Managing Director and Senior Equity Research AnalystOp ...

Bin Lom outlining a three-year plan for profitable growth and affirming its annual guidance. The global eye health company hosting its investor day here in New York City. Joining us right now first on CNBC, someone we have not seen in quite some time in person.Brent Saunders is here. Good morning. >> Oh, thanks for having me, Andrew.>> So, the biggest message of this this day, you got a whole day. >> Whole day. >> Whole day.What's the first thing you're going to tell everybody. >> First thing is uh uh finan ...

Analyzing tariff effects on inflation.gettyInflation may be down to the Federal Reserve’s target, if we subtract the effect of tariffs. Perhaps, then, the Fed can bring down interest rates more. That’s an implication of research at Harvard Business School’s Pricing Lab. Their “data contain daily prices scraped from the online stores of large multichannel U.S. retailers.” They calculate duties on the products and find that so far, pass-through to consumers averages 20% of the tariff. (That will likely rise t ...

All right, it is CPI day, although this time we're going without the CPI. Our senior economics reporter, Steve Leeman, takes a look at what the alternative inflation data the Fed is is is kind of surveying at this point, what choices they have among those. Um, Steve, we're probably never going to get that CPI data.>> No, the White House said yesterday the CPI and the jobs data from October may never happen or at least are unlikely. But among the alternative data uh that Fed Chair Powell is looking at that h ...

**行业与公司** * 行业：美国消费者行业[1] * 公司：摩根士丹利（Morgan Stanley）发布的第70次美国消费者脉搏调查（AlphaWise U S Consumer Pulse Survey）[2][25] **核心观点与论据** **消费者信心减弱** * 消费者对美国经济和家庭财务状况的信心减弱 对未来六个月的美国经济展望净值为-16% 较上月的-10%和1月的+8%显著下降[6][8][56] * 对家庭财务状况的展望净值为+6% 较上月的+12%和1月的+23%下降[6][12][58] * 信心下滑主要受政府停摆影响 且补充营养援助计划（SNAP）福利暂停对低收入消费者冲击更大[1][6][26] **短期和长期支出意愿下降** * 短期支出展望净值为+13% 低于上月的+17%和去年同期的+21%[6][13][74] * 长期支出展望在测试的各类别中均环比下降 回落至4月水平[6][14][82] * 消费者继续优先考虑必需品 如食品杂货（线上/线下）和家庭用品[14][82] **消费者担忧：通胀居首 政治担忧上升** * 通胀仍是首要担忧 57%的消费者视其为最大关切 但处于22年初以来的较低水平[6][7][30] * 政治环境是第二大担忧 45%的消费者提及 较上月的42%上升 可能与政府停摆有关[6][7][30] * 消费者对偿还债务（21%）和支付房租/抵押贷款（23%）的能力持续担忧[6][7][31] **假日消费展望趋软** * 本假日季消费净值为+6% 低于去年同期的+14%[26][86] * 消费者计划在高价品类上减少支出 如奢侈品 体育器材和家居/厨房用品[26][96] * 价格上涨是影响假日消费计划的主要因素 52%计划增加支出的消费者和52%计划减少支出的消费者都归因于通胀[92][93] **关税影响与支出反应** * 对关税的担忧程度已回落至解放日前的水平 35%的消费者表示“非常担忧”[40] * 尽管担忧缓解 消费者在支出上更趋谨慎 39%计划削减支出 高于上月的28%[45] * 食品外卖是最可能被削减支出的首要类别 18%的消费者将其列为首要削减项[51] **其他重要内容** **分项支出意愿** * 必需品类别如线下食品杂货（净+22%）和家庭用品（净+9%）支出意愿为正[19] * 非必需品类别支出意愿为负 尤其是休闲娱乐（净-26%） 小家电（净-25%） 消费电子（净-25%）和外出就餐（净-24%）[15][19][83] **人工智能在假日购物中的应用** * 约45%的假日购物者使用人工智能工具辅助购物[26][108] * 最常用的AI工具是价格比较（22%） 个性化产品推荐（17%）和客服聊天机器人（17%）[26][108] **活动参与度** * 外出就餐参与率为69% 但净参与展望为-12% 环比下降[116] * 未来六个月的旅行意愿为55% 低于上月的59%和去年同期的62%[124]

The looming decision of nine justices could provide a major catalyst for these stocks.The U.S. Supreme Court has a history of being the final arbiter on controversial issues. And it could be about to do it again.Last week, the highest court in the land heard arguments for and against the tariffs implemented by the Trump administration based on the International Emergency Economic Powers Act (IEEPA). Although the Supreme Court hasn't announced its decision yet, the comments made by several justices seem to p ...

特朗普政策对市场的影响 - 特朗普通过社交媒体发布政策声明，其不可预测性对股票市场产生重大影响，导致投资者和分析师持续处于紧张状态 [1] - 2025年10月22日威胁对中国进口商品征收155%关税，导致道琼斯工业平均指数下跌近900点，标准普尔500指数和纳斯达克综合指数下挫 [2] - 2025年10月10日将中国商品关税提高至100%，导致标准普尔500指数下跌2.7%，道指下跌878点（1.9%），纳斯达克指数下跌3.6%，亚马逊、英伟达和特斯拉等科技巨头受重创 [3] 关税政策与市场反应 - 2025年4月2日宣布10%的普遍关税和“对等”关税，引发全球市场暴跌，显示总统声明引发广泛金融恐慌的能力 [3] - 2025年10月30日美中达成贸易协议，将芬太尼的关税从20%降至10，整体关税从41%降至31%，但市场反应平淡，因乐观情绪已被提前消化 [4] - 2025年5月威胁对欧盟征收50%进口关税，导致欧洲股市在5月23日下跌：比利时Bel20指数跌约2%，荷兰AEX指数跌超1.8%，法国CAC40指数跌近2.8%，德国DAX指数跌约1.9% [6] 拟议的关税股息与加密货币市场 - 2025年11月10日宣布拟议由关税收入资助的每人至少2000美元“关税股息”，此举被经济学家批评为可能耗资6000亿美元且引发通胀 [4][5] - 该公告后，加密货币市场在2025年11月12日出现大幅反弹，比特币飙升至106,000美元以上，以太坊突破3,600美元 [4] 对印度贸易与科技行业的影响 - 美国与印度接近达成符合世贸组织规则的贸易协议，计划放宽关税，旨在促进印度工程产品、药品和汽车零部件出口并改善投资者情绪 [8] - 特朗普对H-1B签证发表更有利的评论后，2025年11月12日至13日印度Nifty IT指数飙升超过2%，印孚瑟斯盘中上涨近3.5%，塔塔咨询上涨2%，威普罗和HCL科技上涨2-4% [9] 股市具体表现与行业轮动 - 2025年11月12日道琼斯工业平均指数首次收于48000点以上，上涨0.7%（约327点）创下新纪录，但标准普尔500指数仅微涨0.1%，纳斯达克综合指数下跌0.3% [10] - 市场表现分化源于投资者因政府 shutdown 结束在即而从高增长科技股轮动至防御性板块，超微公司因乐观展望大涨9%，而Palantir Technologies下跌约5% [11]

“Bust or boom?” That’s the big question at the heart of UBS’ big forecast for the U.S. economy for 2026 through 2028. But the team led by economist Jonathan Pingle also tackles a question that economists have been raising throughout 2025: the fact that tariffs amount to a large tax increase in all but name. Their analysis finds that the tariffs are acting as a substantial drag on growth and are actively contributing to persistent inflation, eroding real income gains for consumers. “The tariffs are a big t ...

Headlines about new tariff announcements from the U.S. government are not exactly an uncommon occurrence nowadays. However, that does not make the risk they pose to the market any less real. Many countries — ranging from allies such as Canada to adversaries like China — continue to face persistent and seemingly capricious tariff pressures from the United States. Not surprisingly, tariffs, whether real or threatened, are leading to consequences for the U.S. market, even if many of the tried-and-true U.S. lar ...

Let's turn to the White House as well where the president as Sarah said will expected to host some high profile Wall Street leaders for dinner tonight. For that we'll turn to Aean Javvers. Morning Aan.>> Yeah, good morning to you Carl. We are expecting those heavy hitters here at the White House, but the White House is not really offering any detail on this dinner tonight other than uh that they are hosting it with financial leaders uh from across the economy. uh no no explanation from the White House sort ...