Consumer sentiment slips

Marketplace All-in-One

Marketplace

News, Business

4.5 • 1.4K Ratings

🗓️ 14 June 2024

⏱️ 1 minutes

🔗️ Recording | iTunes | RSS

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Summary

Markets mostly flat; Consumer sentiment down again; Congressional inquiry into Boeing; Cava shares grew 300% in first year.

Transcript

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0:00.0	This is the Marketplace Minute. I'm Megan McCarty Carino.
0:04.0	Markets were pretty me Friday. The Dow was down about 2 tenth percent. The S&P was flat,
0:10.0	and the NASDAQ edged up a tenth of a percent. Consumer sentiment dropped to its lowest
0:15.0	level in seven months in early June. The latest data from the University of Michigan saw
0:19.6	consumers assessments of their own finances drop as they continue to feel the strain of higher prices and interest rates,
0:26.7	though recent reports do show inflation easing.
0:29.9	Senator Chuck Grassley launched a congressional investigation into Boeing and the FAA.
0:35.5	And Reuters reports the planemaker is again pushing back production of its 737 jet
0:40.7	as the company deals with increased scrutiny and supply constraints.
0:44.0	A backlog of plane orders has roiled the airline industry.
0:48.0	And Kava stock has been hot as a Horisa hummus bowl on Wall Street.
0:52.0	Shares in the fast casual Mediterranean chain have as a Horisa hummus bowl on Wall Street.
0:52.8	Shares in the fast casual Mediterranean chain
0:54.9	have grown more than 300% since the company I P.O.
0:58.8	One year ago.
1:00.2	I'm Megan McCarty Caro with the Marketplace Minute.

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