Transcription:
CONWAY GITTENS: I'm Conway Gittens reporting from the New York Stock Exchange. Here's what we're watching today on TheStreet.
Inflation, earnings and interest rates drove market activity on Thursday. Consumer inflation fell month-over-month for the first time in four years, reinforcing hopes that the Federal Reserve will cut interest rates as soon as September.
On the earnings front, Delta says there are too many seats on airlines, which put pressure on ticket prices last quarter, causing sales to miss forecasts. PepsiCo also missed sales forecasts, saying consumers are fed up with price hikes. The focus now turns to the big banks, which report results on Friday.
In other news: A munitions company is betting that Americans won't mind buying bullets with their bread.
American Rounds is installing vending machines inside supermarkets that sell a wide range of rounds. These machines, which are clad in 2,000 pounds of steel, are equipped with other security measures, such as artificial intelligence, card scanning and facial recognition.
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Here’s how it works: Buyers must be at least 21 years old, they must insert a state-issued ID and a credit card into a card reader to verify identity and age; the information is then compared to images taken with a camera mounted on top of the machine. If all goes well, the bullets are loaded into an accessible container just like any other product in any other vending machine.
The company’s website says that “this robust system ensures that all transactions comply with federal and local regulations, maintaining the highest standards of responsible sales.”
The machines can be found in 10 supermarkets mainly in the south.
That's it for the daily roundup. From the New York Stock Exchange, I'm TheStreet's Conway Gittens.
Related: Americans can now buy bullets like snacks at supermarkets
