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Marketplace All-in-One

Consumer confidence recovers a little

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 28 May 2024

⏱️ 1 minutes

🧾️ Download transcript

Summary

The consumer confidence index improved after three months of decline; home prices hit another record in March; T-Mobile struck a deal to purchase much of U.S. Cellular; bond investor Gross says Trump presidency would be worse for markets.

Transcript

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0:00.0

Consumer Confidence recovers a little bit.

0:03.6

I'm Novisafa with a marketplace minute.

0:05.6

The Conference Board Think Tank says consumer confidence improved in May after three straight

0:10.7

declines.

0:11.7

Fewer people surveyed this month

0:13.1

said jobs were hard to get.

0:14.8

Ocelations and consumer confidence remained within a relatively narrow range.

0:19.5

Home prices hit record highs in March with too few homeowners willing to sell.

0:24.6

The K Schiller National Home Price Index recorded a 6.5% annual gain.

0:29.4

Prices increased the most in San Diego, New York, Cleveland, and Los Angeles.

0:34.0

T-Mobile has a deal to purchase much of U.S. cellular for $4.5 billion, including the regional

0:39.2

carrier's customers and some of its spectrum.

0:42.1

Carriers need spectrum to expand 5G service.

0:46.0

Investor Bill Gross, founder of the investment firm Pimco, says bond markets would face more disruption

0:52.0

if Donald Trump is elected president

0:54.1

than if Joe Biden is reelected. Gross tells the financial times that higher

0:57.9

spending and continued tax cuts would be the problem. I'm Novasafo with

1:02.2

a marketplace minute.

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