In their quarterly reports, companies like Home Depot (HD), Starbucks (SBUX), and eBay (EBAY) have noted that consumers are beginning to pull back and become more discretionary with their spending. Walmart (WMT) reported growth in its eCommerce business, although in an interview with Yahoo Finance, Walmart CFO John David Rainey noted consumers' wallets are "stretched."

Yahoo Finance Anchors Madison Mills and Seana Smith discuss the state of the consumer.

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This post was written by Nicholas Jacobino