U.S. consumer remains downcast about the short-term economic outlook

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Marketplace

Business, News

4.5 • 1.4K Ratings

🗓️ 26 March 2024

⏱️ 1 minutes

🔗️ Recording | iTunes | RSS

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Summary

Consumer confidence was essentially unchanged in March, with consumers still worried about higher inflation in the months ahead; container ship destroys Baltimore bridge; home prices rise 6% in January; Trump Media and Technology Group debuts on Nasdaq, shares soar.

Transcript

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0:00.0	The U.S. consumer is generally satisfied with the present and not so sure about the future.
0:07.8	I'm Nova Safo with a Marketplace Minute.
0:10.0	The Consumer Confidence Index maintained by the Conference Board was essentially
0:13.8	unchanged this month.
0:15.6	Assessment of current conditions ticked up slightly between February and March.
0:19.8	Short-term expectations soured further.
0:22.1	Inflation remains a top concern.
0:25.0	A container ship leaving the port of Baltimore overnight struck and destroyed a major bridge.
0:29.8	Rescurer searched for survivors in the water.
0:31.8	The destruction blocked the waterway in and out of the East Coast port.
0:35.8	Two separate reports show home prices climbing about 6% in January
0:40.6	compared to a year earlier.
0:42.0	That price growth is considered around the historical average according to the Federal Housing Finance Agency.
0:49.0	Trump Media and Technology Group debuted on the NASDAQ exchange today at a valuation of about $9 billion.
0:55.0	Filing show the operator of the true social platform lost $11 million in the first nine months of last year.
1:01.0	I'm Novasafo with a marketplace minute.

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