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Stock impact report

Chinese consumers aren't spending as much. Many are worried about the future [CNBC]

Comcast Corporation - Class A (CMCSA) 
Last comcast corporation - class a earnings: 4/30 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: cmcsa.com/investors
Company Research Source: CNBC
Visual China Group | Getty Images A customer shows his iPhone XS Max during the launch of iPhone XS and iPhone XS Max at an Apple store on the Nanjing East Road on September 21, 2018 in Shanghai, China.  China 's massive consumer base is feeling a chill that could have ripple effects throughout an economy that's already under pressure. While analysts say individuals are generally financially healthy, many are holding off on spending due to uncertainty about the future. A decline in consumption is the biggest risk, because everyone already knows about the decline in investment, everyone also knows about the trade tensions, said Jian Guang Shen, chief economist at JD Digits, which was spun off from Chinese e-commerce company JD.com. He used to be the chief economist at Mizuho Securities Asia. Everyone's confidence, confidence in this year's situation, has declined, (and) consumption was immediately impacted, Shen said in Mandarin on Tuesday Show less Read more
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