Low Gas Prices Hurt Costco Sales

Costco Wholesale Corp. posted second-quarter earnings that trailed analysts’ estimates as higher-income shoppers show signs of curtailing spending.

Full Show: Bloomberg Daybreak: Americas (07/19)
23:17 - Bloomberg Daybreak: Americas hosted by David Westin, Jonathan Ferro, and Alix Steel. Guests include Peter Tchir, head of macro strategy at Brean Capital LLC, Ben Laidler, global equity strategist at HSBC, and Katherine Baicker, Harvard Professor of Health Economics and a member of the CBO Panel of Health Advisers. (Source: Bloomberg)
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