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Marketplace All-in-One

Consumers snap shut their wallets

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 18 June 2024

⏱️ 1 minutes

🧾️ Download transcript

Summary

The Commerce Department says retail sales last month rose just a tenth of a percent last month; New York Fed Chair John Williams says the economy is moving in the right direction; another whistleblower for Boeing; a new poll shows about half of Americans say it’s extremely or very important for the government to provide debt relief for medical bills.

Transcript

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0:00.0

Consumers snap shut their wallets.

0:04.0

I'm Nancy Marshall Genser with the Marketplace Minute.

0:07.0

The Commerce Department says retail sales last month rose just a tenth of a percent less than expected. The number was even lower if car

0:14.7

sales were excluded, April's numbers were revised down. This is a sign of a

0:19.6

cooling economy, something the Federal Reserve is looking for as it decides whether to cut interest

0:24.4

rates. Today on Fox Business, New York Fed President John Williams said the economy is moving

0:29.1

in the right direction. Yet another Boeing whistleblower, Sam Mohawk is a quality assurance inspector at a Boeing Max Plant.

0:37.0

According to multiple reports, Mohawk alleges Boeing lost track of some defective or improperly documented parts, and some may have ended up in new

0:45.0

planes. Boeing says it's reviewing the claims.

0:48.4

And a new poll shows about half of Americans say it's extremely or very important for the government to provide debt relief for

0:54.8

medical bills, their support across party lines if fraud was involved.

0:59.8

I'm Nancy Marshall Genser with the Marketplace Minute.

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