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CNN CNN This Morning June 4, 2024 12:46:00

So the impact to larger consumer spending, perhaps not as significant, but here s what i can tell you people are watching very closely. the timing. the timing of this. so when tens of millions of americans have to repay these payments, these student loans after three years of not having had to pay them, it will coincide with what appears to be a slowdown in consumer spending. that has already taken shape. i mean, remember last week, brian moynihan of bank of america spoke to poppy and bank of america has access to millions of checking accounts, credit card accounts, because of their retail business. he said that they are already starting to see in data as recently as june that people are starting to pull back. so it is the tombing of when we re already starting to see a slowdown and then suddenly, you have tens of millions of americans who now have another bill on top of that. will it have an impact? absolutely? the larger macro, that s still debatable. isn t that the goal, right? th ....

Tens Of Millions Americans , Consumer Spending , Student Loans , Bank Of America , Brian Moynihan , Checking Accounts , Credit Card , Retail Business , Isn T ,

CNN CNN This Morning June 4, 2024 12:45:00

Rahel, this is actually i m stoked you re doing this, because there is a macroeffect to this decision. it s not just about the politics or individual loans. there is an economic effect. no, there is a macro impact, a microimpact to real people. let s start with macro. the impact to the larger u.s. economy. so the sense is that this will likely not create a significant impact, but it will create an impact. greg bellier, a strategist who essentially looks at the intersection of wall street and main street. and he put it at about a $70 billion hit, annually, to the u.s. economy. he said, it is obviously a headwind. mark zandi, the chief economist of moody s, he looked at gdp and said it s about the equivalent of shaving off a quarter of 1%. so not necessarily significant. that said, if it s your budget, probably feels a bit different. right? wells fargo put it this way, it s a big deal for affected households. not so much less so for broader consumer spending. the average student loan ....

Rahel Solomon , Macro Impact , Real People , Greg Bellier , United States , Main Street , Wall Street , Mark Zandi , Moody S , 70 Billion , 0 Billion , Consumer Spending , Student Loan Payment , Wells Fargo ,

BBCNEWS Nicky Campbell June 4, 2024 08:21:00

Who coaches the team, and he is ust as bad. , . ., ., . .. as bad. there is a lot of micro here but there is as bad. there is a lot of micro here but there is a as bad. there is a lot of micro here but there is a macro as bad. there is a lot of micro here but there is a macro issue, - as bad. there is a lot of micro here but there is a macro issue, which l but there is a macro issue, which is. there is morality, ethics and the spirit of the game, because of all of the games, surely this is the game that adheres to those traditions, and the best aspects of the human condition. then in nottingham, david and manchester, you go first, david, was this fair? hi, are you 0k? you go first, david, was this fair? hi, are you ok? i you go first, david, was this fair? hi, are you 0k? ijust want to say that ben stokes is a bit contradictory with what, 2019, when they played new zealand in the final of the work, when the ball hit the back of his back and he stopped it from hitting the stumps ....

Laws Of The Game , I Spirit Of The Game , Macro Issue , Bad Blood , Human Condition , In Love And War , Ust First Ball , Ben Stokes , New Zealand , Last Caller ,

BBCNEWS Asia Business Report June 4, 2024 01:36:00

Fund the public infrastructure they need to boost productivity. the health care facilities, education, etc. so that s where we see the issue for some emerging markets, particularly those with weak macro economic policy frameworks, with significant political risk. they will find it more difficult to fund the investment they need, the development path they want to pursue. in development path they want to ursue. ., , . pursue. in other news, china has passed pursue. in other news, china has passed its pursue. in other news, china has passed its first pursue. in other news, china has passed its first foreign . has passed its first foreign relations law, aimed at providing a legal basis to hit back against sanctions and what chinese media called western hegemony. it gives them the right to take counter measures against acts that endangers china s security. sri lanka faces a total public debt of almost $81; billion, more than its almost $81; billion, more than ....

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BBCNEWS The Context June 4, 2024 20:16:00

How many other macro too are there they have not been call on camera so people believe this is a deeper rooted issue. that is why we are seeing more violence and that is why this is an issue that has in many ways become more thanjust this is an issue that has in many ways become more than just about nahel. it s become about people s disenchantment with the government on this issue in a number of issues and so there is a real challenge now for france puppet government and what they can do or what anybody can do to try and dampen down what seems to be more growing discontent. bill to be more growing discontent. all right, thank you for that update from paris. around the world and across the uk, this is bbc news. let s take a look at some other stories making news in the uk. billpayers dipped into bank and savings accounts at a record level in may, prompting warnings from charities about the ongoing high cost of living. there was £4.6 billion more withdrawn than paid into bank and buildi ....

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