On Consumer Spending & China’s Leading Humanoid

Consumer spending is being buffeted by countervailing winds—with heady financial market returns potentially lifting spending even as deportations, the government shutdown, and the effects of AI on employment potentially depress it. Jackie examines the recent earnings reports of consumer discretionary companies to extrapolate how these effects are netting out. … Also: A look at Unitree, the Chinese robotics company likely to give Tesla’s robotics division a run for its money, and Unitree’s visionary young founder Wang Xingxing.