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BBCNEWS Talking Business June 4, 2024 00:47:00

What would you recommend? so i would recommend investments in child care and in supporting families through the expanded child tax credit that we had last year, which gives families some buffer against inflation and rising prices forfood and fuel, and also allows them to invest in child care, in car repairs, things like that, that help them sustain their work. if they have reliable child care and some money coming in every month, they can make the investments that allow them to be long term in the labour market, which can ease wages that employers have to pay in order to attract workers, thereby preventing an inflationary spiral and improving the strength of the economy. well, on that note, elizabeth arnanat, thank you so much. a real pleasure talking to you. and i d love to check in with you soon. thanks so much for having me. a pleasure. after over two years of the pandemic and isolation and lockdowns and enforced separations, who can blame anyone for wanting to get away from it all? ....

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BBCNEWS Talking Business June 4, 2024 00:55:00

Over the 2019 number, what s the future, is it going to continue to trend like this or will have a setback? there are so many things people are concerned about, recession, inflation, terrible war in ukraine right now which is causing all sorts of terrible things for people and travel and it impacts the world s economy. who knows what s going to happen which is my way of thinking. i can t control those things but what we can control is make sure to play our part to provide better value to the consumers who are travelling and our partners who supply them, hotels, airline, etc. but i don t know what s going to happen next quarter or next year but i do know that in the long run people will always want to travel more. this has been going on for 120 years. go back to 1900, to thomas cook when he started out, in the late 1800s, people want to travel more and more and more. ....

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BBCNEWS Talking Business June 4, 2024 00:34:00

Consumer sentiment is dropping sharply. it s really as low as when the pandemic took hold in 2020. that data is gathered by the business and research group, the conference board of america, it has more than a thousand companies as members and i have beenjabbing with the boss. steve, a real pleasure having you at the show. they give we re tired. let s get straight into because your numbers are showing consumer confidence slipping almost as dramatically as lockdown started. what is your take on the way consumers are feeling now? feeling now? thanks for having me. the conference feeling now? thanks for having me. the conference board s i me. the conference board s consumer competence index has been declining now for three consecutive months. there are two components to the index, the consumers talk about their current situation, how are they feeling about inflation and theirjobs right now. and then, how are they feeling about the future. two months ago, people started to be worried abo ....

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BBCNEWS Talking Business June 4, 2024 00:32:00

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 spent a happy $5.6 trillion. might be explained by china spending more of the pandemic year in lockdown. those lockdowns have continued in some of china s biggest cities, hampering its post pandemic recovery and halting much of its tourism and travel industry. at the united states is still the world s biggest economy and has big challenges of its own. rising energy and food prices as well as interest rates to curb inflation are adding to the cost of living. but in the plus ....

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BBCNEWS Talking Business June 4, 2024 00:42:00

Requires that they have the right strategy to move through whatever your product or service is to take care of your customers through this period of time. so they don t impact their employees with layoffs and so forth. that they take care of employees that they have, they don t overreact to inflation and overcompensate that then drives layoffs. these all the strategies that ceos need to balance through this period of time, such that they come out the other end in a stronger position so that they can continue to balance all of those stakeholders. steve, a real pleasure having you on the show. thanks for your time. we ll talk to you soon. great to be with you. thank you. so the american consumer, it s clearly not a single thing or idea. women are by far the largest consumer group spending more dollars than men. well, i caught up with a senior council of economic advisers ....

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