PREVIEW: #ECONOMY: Colleague Chris Riegel of #SCALA.com reports on the American consumer and slowing traffic in fast food and retail franchises. More tonight.
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 9 May 2024
⏱️ 1 minutes
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| 0:00.0 | This is John Bachelor, conversation with my colleague Chris Regal of scholar.com about the consumer |
| 0:06.8 | at the franchises, the fast food franchises, the dollar stores, around the world. |
| 0:11.6 | The consumer now is the question to keep the economy going or not |
| 0:16.3 | and Federal Reserve is watching the White House is watching Wall Street is watching |
| 0:21.3 | as far as I know the planets of the solar system are watching. |
| 0:25.0 | Here's Chris Rekel on the consumer credit and where we are right now coming summer. |
| 0:30.0 | More of this later. |
| 0:32.0 | John, you're starting to see in multiple sectors the consumer is signaling that they're broke. |
| 0:38.0 | 30% interest rates on credit cards are really taking their toll. |
| 0:43.2 | So such that the cost of capital from the Fed remains high. |
| 0:47.8 | That's pressuring the US consumer. |
| 0:49.9 | That's pressuring the global consumer. |
| 0:52.1 | And you're seeing a noted slowdown not only in the |
| 0:55.7 | franchisees and fast food environments but in dollar stores in general retail, there are more |
| 1:00.8 | and more signals that the consumer is tapped out and that's starting to show |
| 1:04.8 | waves of effect. |
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