Consumer sentiment declines

Marketplace All-in-One

Marketplace

News, Business

4.5 • 1.4K Ratings

🗓️ 12 July 2024

⏱️ 1 minutes

🔗️ Recording | iTunes | RSS

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Summary

Consumers feel frustrated with inflation; Surveyed economists think inflation would worsen under Donald Trump; Dollar General reaches a safety settlement.

Transcript

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0:00.0	A day of gains on Wall Street, I'm Henry Epp with the Marketplace Minute.
0:05.2	U.S. markets rose across the board today.
0:07.7	The Dow Jones was up six-tenths percent.
0:09.8	The S&P 500 closed up a half percent.
0:12.3	The NASDAQ climbed six tenth percent.
0:15.0	Consumer sentiment fell slightly in the University of Michigan's latest reading, even though consumers
0:19.5	expect inflation to ease in the year ahead, they're still bothered by high prices right now.
0:24.5	Sentiment is lower than last summer, but well above where it stood two years ago.
0:28.8	A majority of economists surveyed by the Wall Street Journal think inflation would be worse under Donald Trump
0:34.1	than if President Joe Biden is re-elected, in part thanks to Trump's proposed tariff increases.
0:39.2	More economists also think Trump's policies would further increase the federal deficit and lead to higher interest rates.
0:45.7	In Dollar General, will pay $12 million in a settlement with the Department of Labor over workplace safety issues.
0:52.1	The discount chain will also make changes in its stores
0:55.0	by making sure emergency exits are accessible and by hiring more safety managers.
0:59.4	I'm Henry App with the Marketplace Minute.

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