Consumer confidence slides to 12-year low
Summary
Marketplace examines the upcoming GDP report, noting that resilient consumer spending and AI investment are currently offsetting a stagnant labor market where hiring remains flat due to high interest rates. The episode also highlights a sharp drop in consumer confidence, particularly among upper-middle-class households, and features author Lindsay Owen discussing the rise of personalized pricing algorithms that charge individuals different amounts for the same goods. Additionally, the show covers the economic strain on Gulf Coast shrimpers facing high diesel costs and concludes with a look …
Topics discussed
Sponsors: Hard Lessons and Pega
Marketplace intro and week's themes
GDP outlook: Consumer spending and AI investment
Labor market: JOLTS data and hiring stagnation
Brief market update and transition
Consumer confidence hits 12-year low
Interview: Personalized pricing and the book 'Gouged'
Market numbers: Stocks, bonds, and cruise stocks
Sponsors: ShipStation, Hard Lessons, Dell, and Pega
Gulf shrimp industry struggles with high diesel costs
Clocked Out: Samantha's career pivot to architecture
Anthropic IPO and AI existential risk warnings
Closing: Marketplace appeal and Capital One ad
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