INFORMANT

TRANSCRIPT

The Operator: Good evening. We are live with the wire.

The Operator: Stanley Druckenmiller has an opinion on Treasury policy, according to CNBC Markets. In a Wall Street Journal op-ed, he argues that Treasury Secretary Scott Bessent's efforts to suppress yields through buybacks are just a subsidy to procrastination.

The Operator: Druckenmiller warns that without fiscal discipline and a fix for the primary deficit, these maneuvers will damage the Treasury Department's credibility and fail against market fundamentals. That is the claim as reported by CNBC Markets.

The Operator: In retail, the tape moves on earnings. Dick's Sporting Goods stock falls 15% as retailer misses expectations, cites 'challenging' footwear market, according to CNBC Earnings.

The Operator: The company reported second fiscal some number earnings that missed Wall Street estimates, with adjusted EPS of $3.53 versus the expected $3.76. They have lowered their overall net sales outlook for the year to a range of between $21.9 billion and $22.2 billion.

The Operator: CNBC Earnings attributes this pullback to a challenging athletic footwear and apparel marketplace.

The Operator: That is the wire. Quiet days are exactly when you should get suspicious.

The Operator: That's the show. We're on Spotify and YouTube — if this earned it: like, subscribe, tell a friend. And housekeeping: the machine that writes this gets tuned constantly for cleaner news. The numbers are real; the jokes are not.