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The Clark Howard Podcast

6.12.19 Dollar Tree raising prices; Massive issues with Zelle app; Facial recognition comes with privacy concerns

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.65.2K Ratings

🗓️ 12 June 2019

⏱️ 35 minutes

🧾️ Download transcript

Summary

Dollar Tree is having to raise prices in some of its stores because of tariffs; Beware when using the Zelle app because scams are proliferating which can use your Zelle login to raid your bank account; Facial recognition is growing in popularity - especially in China. But there are some massive privacy concerns happening here in the United States when it comes to using facial recognition. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Thanks for taking time out of your day to join us here on the Clark Howard Show where it's

0:10.7

all about you and that wall of yours.

0:12.9

I want you to learn ideas to me so you can keep more of what you make.

0:18.2

Coming up in just a few minutes, I have a special Clark Rages moment, a full rip off alert

0:25.0

about a quote unquote service being offered maybe by your bank that you need to run from

0:32.4

before your money runs away from you.

0:34.3

I'll fill you in and later I want to talk about all the ways that people are using our

0:40.6

face now to do business with us rather than passwords or anything like that.

0:48.4

And I want to tell you the ups and downs, the goods and the bads of that.

0:54.0

So I wanted to mention to you that with the ongoing disputes we have with China about

1:03.2

trade and the various tariffs that are taking place, it's creating real issues for retailers.

1:13.1

And I was in a Sam's Club recently and I'd never seen so many TVs in any store in my

1:22.4

life.

1:24.2

The Sam's Club I was in had TVs stacked everywhere and it seemed to me and it's just my guess

1:31.7

I have nothing to back it up with that they in order to avoid paying tariffs on a lot of

1:40.4

TVs pre ordered a much larger number of TVs than maybe they would normally have because

1:47.0

I mean it was crazy.

1:49.2

It looked like enough TVs to have one for every homeowner in a midsize town or so many TVs

1:55.8

of every size and description.

1:59.1

And so for American retailers, the ongoing trade dispute with China is a really, really

2:07.6

difficult thing because they don't know how to play it.

2:11.6

You know for that Sam's Club with the Zillion TVs is TV prices as with electronics they

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