American Express (AXP) increased its full-year outlook after posting second quarter earnings that were well above Street expectations but revenue that fell short. The credit card company also raised its full-year earnings guidance.

Yahoo Finance executive editor Brian Sozzi spoke with American Express CEO Stephen Squeri about the back half of the fiscal year. Squeri told Sozzi that it will be business as usual for Amex, including several new product updates.

Sozzi notes, however, American Express is spending a lot, some $800 million, on marketing, with the company targeting millennial customers.

Furthermore, when asked about changes to consumer spending, Sozzi notes that while customers of Visa (V) and Mastercard (MA) may see a reduction in spending, American Express customers, especially millennials, are more willing to spend as a direct result of the various perks the card offers, not to mention the yearly fee attached to the card.

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This post was written by John Lesinski