company
Home improvement retailer reporting Tuesday, August 18 against elevated borrowing costs and a sluggish housing market.
No evidence-backed relationships are recorded.
Amazon booked about $640 million and has offered little back. FedEx is holding roughly $800 million for customers. The split tracks how the duty was billed, not how firms talk about value.
Reality
A record long-bond yield in the US and decade-high yields in Germany and France are the week's real story. Mortgages moved first; AI capex plans are next in line for scrutiny.
Reality
Refunded IEEPA duties are landing in retailers' accounts as lump sums, but at Home Depot inflation and acquisition mix consumed most of the benefit before it reached the margin line.
Reality
Consensus has Walmart earnings up 9% on 5% revenue and Target up 13% on 4%. The gap between profit growth and sales growth is where the story actually sits.
Reality
Home Depot, Target and Walmart report on consecutive mornings into a thin data calendar. Their guidance, not the macro releases, is where tariff pass-through shows up first.
Reality