YOLO Summer: Travels, Trip-Ups, & Retail Spending 7/12/22

It’s YOLO summer! Travelers are on the move, but airline and airport shortages are causing speedbumps. London’s Heathrow Airport is managing a staffing shortage by capping the number of passengers traveling per day and requesting that airlines stop selling tickets. Still, with so many people on the move, retail watcher Jan Kniffen wonders how many consumers will be around to take advantage of retailer sales like Amazon Prime Day. CNBC’s Courtney Reagan shares retail’s biggest sales and hurdles for the second half of the year, and Cleo Capital’s Sarah Kunst discusses the stickiest purchases for Amazon. In other retailer news, Gap CEO Sonia Syngal is stepping down. Plus, the Saudi Arabia-funded LIV Golf series has upended the sport; multi-million dollar payday offers for athletes have prompted backlash for pro-golfers and an investigation from the Department of Justice. On the Elon Musk front, his Twitter drama continues, and his latest SpaceX launch was “actually not good.”

In this episode:

Jan Kniffen, @JRogersK

Sarah Kunst, @sarahkunst

Courtney Reagan, @CourtReagan

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @Andrewrsorkin

Katie Kramer, @Kramer_Katie

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