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BBCNEWS Talking Business July 7, 2024

cold. i will be discussing all of that with these two, there they are. the boss of the american conference board which elects official data on american consumer confidence and one of the advisers who advised the father white house. also the show, its august peak holiday season. but with luyken s cancellations and holiday makers concerned about the bottom line, what is happening on the travel season. i will find out in the big boss of the company that owns the online travel giants, booking.com. wherever you are watching from around the world, once again a big hello and warm welcome to the show. you know, while the emergence of a new middle class of millions of consumers across asia and africa will change how companies operate this century, the american shopper, for now, remembers the most powerful on the planet. the most recent numbers from the world bag shows the american consumer spent a massive $14 trillion in 2020. that s nearly three times that of the chinese, who s ....

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BBCNEWS Talking Business June 4, 2024 00:38:00

Ou have and carried over into 2023. but you have said and carried over into 2023. but you have said that businesses are more, they are not worried about consumers, but more the fed, america s central bank. what you mean by that? in our latest ceo confidence surveys, what we have seen is that ceos are projecting a recession. the reason is not because of consumers but because of the fed. as the fed raises interest rates, they then drive productivity down. they drive investment down and so forth. the fed is worried about this 2% inflation, they have been forthcoming about this, they target 2%. they would rather gdp takes a decline for a period of time or they hit the labour market glibly in order to get there inflation in place. that is their priority. everything else is secondary. if ceos are saying therefore it is not going to be a soft landing, it will in fact be a recession as a result. now that i know it will be a recession, as a ceo, i must then ....

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