Shoppers spend less as U.S. cases of the delta Covid variant surge: CNBC After Hours

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CNBC.com's MacKenzie Sigalos brings you the day's top business news headlines. On today's show, CNBC.com's big-box retail reporter Melissa Repko breaks down earnings from Walmart and Home Depot, and how the delta Covid variant could be slowing consumer spending. Plus, Ark Invest's Cathie Wood calls out Michael Burry of 'The Big Short' after he bets against her innovation fund.Retail sales drop worse-than-expected 1.1% in July as rising Covid fears hit consumersShoppers in the U.S. cut back their purchases in July even more than expected as worries over the delta variant of Covid-19 dampened activity and government stimulus dried up.Retail sales for the month fell 1.1%, worse than the Dow Jones estimate of a 0.3% decline and below the upwardly revised 0.7% increase in June.Excluding automobiles, sales declined 0.4%, according to Commerce Department figures released Tuesday.Markets showed little initial reaction to the news, with futures tied to the Dow Jones Industrial Average
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