Consumer confidence slides to 12-year low
Summary
Marketplace examines the upcoming GDP report, noting that resilient consumer spending and AI investment are currently offsetting a stagnant labor market where hiring remains flat due to high interest rates and uncertainty. The episode highlights a sharp drop in consumer confidence to a 12-year low, driven by rising costs and falling savings, while also featuring an interview with Lindsay Owens on the rise of personalized pricing and data-driven "gouging" by retailers. Additionally, the show covers the economic strain on Gulf Coast shrimpers facing high diesel costs and concludes with a look…
Topics discussed
Sponsorships and show introduction
Host intro and weekly economic themes
GDP outlook and drivers of economic growth
Labor market stagnation and hiring challenges
Brief market update and transition
Consumer confidence at 12-year low
Interview on personalized pricing and the book 'Gouged'
Market numbers and bond yields
Sponsorships and commercial breaks
Gulf shrimp industry struggles with high diesel costs
Clocked Out: Personal story of career change
Anthropic IPO and AI risk disclosures
Closing remarks and donation appeal
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