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Toddo on TV: InBev Takes a Sip of America


Markets, movers and more.

Since we can't exactly drink beer while the market's open, we've gotta talk about it instead. As InBev is the latest international player to move in on American iconic brands, in this case Anheuser-Busch (BUD), Toddo talks about this being the opposite of globalization. Given the slide in the dollar, foreign companies continue to be the most intuitive suitors. Over in the 'Ville, we've been discussing the transfer of wealth for some time and this plays into that theme.

Apparently, consumers are shopping as this morning's retail numbers doubled expectations. Todd reminds us that in a finance based economy with a negative savings rate, consumer demand is a function of credit elasticity. Campaigns at Wal-Mart (WMT) and J.C. Penney (JCP) targeted the $56 billion worth of rebate checks, which has to be factored into the data, so take this data with a grain of salt.

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No positions in stocks mentioned.

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