Marketplace Minute Podcast
1) Consumer sentiment declines
Consumers feel frustrated with inflation; Surveyed economists think inflation would worsen under Donald Trump; Dollar General reaches a safety settlement.
2) Wholesale inflation rose in June, even as consumer prices fell
The producer price index increased 0.2%; economists worried Trump will worsen inflation, WSJ survey finds; PepsiCo, Conagra signal limits to price increases; IMF predicts Fed rate cuts by end of year.
3) Higher prices eat into snack sales
Markets close mixed; PepsiCo blames “price conscious” shoppers for falling sales; Mortgage rates tick down; GM will retool a Michigan plant for EVs, with federal help.
4) Consumer prices decline for the first time in four years
The consumer price index fell 0.1% between May and June; initial jobless claims remain low at 222,000; Biden administration to distribute $1.7 billion to modernize old auto plants; Apple to open Apple...Show More
5) Powell says rate decisions won’t be influenced by the election
Stocks close higher; Powell says the election won’t impact rate decisions; Wholesale inventories rise; Intuit pivots to AI.
6) Stocks extend run
Markets hit new highs; Markets anticipate inflation data; Corning pops on AI strength; TSA screens record number passengers.
7) There’s a bit less sizzle in the labor market
The Labor Department said today that 206,000 new jobs were created in June and the May jobs number was revised down; wages rose 0.3% last month; stocks, bonds and the British pound all rose today afte...Show More
8) Lower travel costs mean we’ll be doing more of it this Fourth of July
A record 71 million expected to travel during holiday period, AAA forecasts; continuing claims continue to climb; trade deficit widened in May; auto sales were sluggish in May.
9) U.S. employers increased job openings
Job openings rose to 8.1 million; American Airlines pledges to buy hydrogen-electric engines; Redbox parent company files for bankruptcy protection; Google to require ID of political ads that use AI ...Show More
10) Property insurance companies are facing lower costs
Global reinsurance rates are declining, which could save home insurers money; Boeing to recombine with Spirit Aerosystems; California law to take effect in effort to track gun purchases; major banks h...Show More