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Transcripts for CNN CNN News Central 20240604 13:04:00

picking up from last quarter. the economy picking up speed, so many people are saying our word to watch is recession but the r word is resilience. you have exports and consumer spending accounting for this. consumers are still driving the economy and american factories are churning out goods we re sending overseas. this is two things to help. this is despite inflation too high and punishing interest rate hikes. we had another one yesterday, another 25 basis points. what that means for everybody watching is that the money you borrow is more expensive but also the money in your bank account is getting a higher interest rate too. so that s how we feel the higher interest rates but it s quite surprising. the u.s. economy still doing so well despite the higher rates and inflation that is cooling but still too high. we heard powell talk about the resilience of the consumer. talk to me how it fuels the economy, we have a strong labor ....

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Transcripts for CNN CNN Newsroom 20130603 17:27:00

For disney, it shows domestic park attendance was actually up 8%. guests spent 10% more. and hotel occupancy, that was up 80%. so i guess the good news in all this it really gives a good indication about the economy that people are still willing to spend this kind of money. and with consumer spending accounting for two-thirds of gdp, this seems like outrageous prices but it s really not stopping people from packing up the van and pumping up disney s bottom line. suzanne. we ll just have to save up for our disney trip. thank you, alison, appreciate it. the dow keeping up its winning streak today. we re looking at an increase there. it is up 31 points despite the underwhelming reports on manufacturing and construction spending. and housing market housing market and stock market two bright spots in the economy right now. christine romans showing us how cash in both of these in this week s smart is new rich. watch. home prices are rising, ....

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