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The buzz of corporate earnings came out this week and last, and information piled up from American buyer companies like Coca-Cola ( KO ), Mattel ( MAT ), GM ( GM ), Hilton, American Express (). AXP) provides a more complete picture of what is happening in this country than we have had in the past.

With near-international consensus that America is headed for a recession, or perhaps already headed for one, earnings from major consumer and lifestyle companies continue to provide more than a little hope.

Then again, as the comedian John Cleese once said, “it’s not despair… I can bear despair. It’s hope.”

So here’s a look at the good news. Sure, we’re cherry picking, but maybe there simply it could be enough to keep the Fed from raising interest rates by a third of a percentage point on November 2.

-Hilton Hotels this morning revised its forecasts for the fourth quarter, citing “pandemic recovery”.

– On Tuesday, GM announced quarterly profits rebounded 48% as problems with its semiconductor supply chain began to be resolved, and Coca-Cola reported net income rose 10% to $1.1 billion in the third quarter.

– Mattel offered a reserved forecast for the holiday season, but beat analysts’ forecasts. He boasted that sales of toy cars are increasing, as well as entertainment partnerships related to Barbie.

-American Express reported last week that third-quarter revenue rose 24%, largely due to a return to travel.

The economic outlook is bleaker in Europe, of course, but the picture these recent gains and others paint of the US is of a country where people are watching too much TV, drinking a lot of Coca-Cola (albeit in smaller bottles that cost more per ounce. ), travel again and buying lots of Chevy Silverados. Not to mention collecting Mattel’s Hot Wheels cars and the new Tina Turner Barbie.

In other words, despite stifling inflation and falling home sales, there is less evidence of gloom and doom than you might expect after long predictions of Armageddon.

Sure, consumer confidence numbers were bad on Tuesday, but that’s the point: a survey measures it. a feelingnot necessarily facts.

Perhaps one of the big reasons we’re in such bad shape is the number of billionaire CEOs who don’t run brick-and-mortar businesses rushing to predict a recession.

Take Jamie Dimon, the CEO of JP Morgan, who predicted on October 10 that the US will “go into some kind of recession six to nine months from now.” A week later, Goldman Sachs chief (and part-time DJ) David Solomon said there is a “good chance” of a recession.

Nouriel Roubini, the market expert famous for predicting the housing collapse of 2008, sees stagflation and worse on the horizon. – but he also recently said people were stupid for moving to Florida and Texas because those states will soon be unlivable due to climate change. Basically, thanks to his nickname, he is Doctor Doom.

Jeff Bezos, who stepped down as Amazon CEO last year, spent time on Oct. 19, the 35th anniversary of one of the biggest stock market declines in history. it was time to admonish his followers on Twitter to “down the hatches”. Well, how did that add value?

Stay in your lane, Jeff. And when will my Wordle board game be delivered? I ordered six weeks ago. Please have a look.

That’s the number of caramel apple-flavored lollipops online snack store Candy Funhouse estimates it sold in the weeks leading up to Halloween, a 280% jump from last year. How? Nostalgia, on the part of parents, for that childhood fruit treat, says CEO Jamal Hejazi, and, for children, the fact that lollipops don’t usually come in big box mixed bags, so it takes a while. of a curiosity

Another surprising best-seller: Thrills gum, a lavender-flavored purple gum that proudly boasts that it “tastes like soap.” As the general manager also admits, “I didn’t understand that very well”.

Paul Allen, co-founder of Microsoft with Bill Gates in 1975, amassed a treasure trove of art during his lifetime – Renoir, Botticelli, Manet – and next month his estate will be auctioned off, bringing in an additional $1 trillion from its sale. to charity

Allen owned a lot of great stuff and had great market timing. Cézanne’s “La Montagne Sainte-Victoire” (1888-90) is estimated to sell for over $100 million. In 2001, the painting was sold at Phillips for $38.5 million. (Allen told Bloomberg News seven years ago that collecting art has been a “very, very good investment” for him.) We agree.

But when you see November’s record price – and you will – you’ll know this: What looks like a white-glove affair is actually a Vegas-style gamble by the auction house. Therefore, because Christie’s owns the thing itself, it won the deal against competitors Sotheby’s or Phillips for a huge but undisclosed sum in front of the estate.

On page 10 of the catalog comes this small print disclosure: “Christie’s has a direct financial interest in each lot of goods listed in the catalog.” That’s because the auctioneer passed on the risk of some pieces to third parties, often in elaborate deals that essentially arrange the pre-sale to make the auction a huge success.

Delphi Capital CEO and Scott Black has loaned works by Monet, Pissarro and Matisse to the Museum of Fine Arts in Boston, and told CNN Business in an interview, “They told me it was all secured for $800 million.” Mr. Black, a frequent buyer of Impressionist and Cubist art at auction, said he would not mind owning the Cezanne, but hopes it will go to a major museum, as unlikely as he could command that nine-figure price.

Buyers in the Allen sale include Alice Walton, whose Crystal Bridges Museum of American Art is in Fayetteville, Ark., where Walmart is headquartered, Mets owner and hedge fund Steve Cohen and Chicago money manager Ken Griffen.

Allen’s art is on display at Christie’s Rockefeller Center headquarters from October 29 to November 8 and sales begin the following day. The viewing is free and open to the public.

Retailers are tripping over Adidas shoelaces to distance themselves from the Kanye West hater so fast that even discount stores don’t want to carry his clothes. Now, the big question is whether his ex-wife Kim Kardashian, who appeared in Yeezy campaigns and was photographed dozens of times in the clothes – matching the rapper last August – will also throw them in the recycling bin. ?