What earnings calls have been revealing about consumer weakness

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In their latest quarterly reports, LVMH (MC.PA), Lamb Weston (LW), and Comcast (CMCSA) all suffered from decreasing demand amid broader consumer weakness.

Scott Krisiloff, Editor of The Transcript, studies earnings and conference calls. He anticipates that after the July jobs report and stock market selloff, executives will be asked about recession worries more, but he notes that "we had been seeing broadening consumer softness, slowdown in growth... so these were the precursors to things that we're seeing today."

One thing that Krisiloff notes has changed from previous quarters is that higher-income consumers are starting to show weakness.

Watch the video above to hear what stood out to Krisiloff from Tesla's (TSLA) earnings call.

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This post was written by John Lesinski and Stephanie Mikulich.