Retail sales tumble much more than expected in January
Former Assistant Secretary of the Treasury Monica Crowley talks about the strain inflation is having on the middle and lower classes on “The Bottom Line.” Americans put the brakes on spending in January after the crucial holiday season as they continue to face high interest rates and soaring prices for everyday goods. retail salesA measure […]
FedEx Founder Fred Smith: U.S. record debt âunsustainableâ
Economist Peter Morisi breaks down what the national debt is, why it has ballooned to more than $34 trillion, and what it means for Americans. FedEx founder and executive chairman Fred Smith added his name to the list of business leaders who are sounding the alarm on the soaring U.S. national debt, telling Fox News […]
Surging auto insurance costs are fueling higher inflation
Former Assistant Secretary of the Treasury Monica Crowley talks about the strain inflation is having on the middle and lower classes on “The Bottom Line.” Rising auto insurance premiums are fueling high inflation and continuing to put financial pressure on millions of households across the country. Consumer prices rose 0.3% Labor was up 3.1% in […]
Shipping giant Maersk says Red Sea diversions could stretch into second half of 2024
Lt. Col. Darin Gaub, a retired U.S. Army Black Hawk helicopter pilot, says the only hope for de-escalating conflicts in the Middle East is for Israel to remain on the defensive. Denmark-based shipping giant Maersk is warning customers that the Red Sea crisis could last into the second half of this year, a company executive […]
Seattle’s minimum pay ordinance for app workers hits delivery drivers
Fat Brand Chairman and Founder Andy Wiederhorn details the economic impact of raising California’s minimum wage to $20 an hour. Seattle City Council recently enacted minimum payment ordinance For app-based workers, such as those who handle deliveries through apps like DoorDash, Uber Eats, and Instacart, it’s hurting the workers they’re supposed to help. In 2022, […]
Mortgage demand tumbles as interest rates rise to highest level since December
Realtor.com Chief Economist Daniel Hale analyzes housing affordability on “Maria Bartiromo’s Wall Street.” Important measures home purchase The number of applications decreased last week due to a sharp rise in mortgage interest rates. Mortgage Bankers Association (MBA) Index Applying for a mortgage loan New data released on Wednesday showed that stocks fell 2.3% in the […]
High inflation is still squeezing Americans’ budgets
The “Morning with Maria” panel discusses the U.S. economy and markets after January’s CPI of 3.1% year-over-year. Inflation may be slowing down, but the average American is still spending a lot of money on everyday necessities. The typical American household had to pay $213 more per month in January to buy the same goods and […]
Disneyland character performers Mickey Mouse, Donald Duck looking to unionize
Disney Day Drinkers Club President Skip Schar shares the latest information about The Bottom Line’s creative mascot. They may live in the Magic Kingdom, but they also want better working conditions. Disneyland workers, including performers who play popular characters such as Mickey Mouse, Donald Duck and Cinderella, are seeking to form a union. Labor organizers […]
Fed rate cuts ‘off the menu for now’ after hot January inflation report
Pacer ETF Distributor President Sean O’Hara talks about earnings season, the response to the Federal Reserve rate cut, and upcoming CPI and PPI reporting. Inflation has risen faster than expected at the start of the year, throwing a damper on Wall Street, which was hoping for an imminent government rate cut. federal reserve. of consumer […]
January inflation breakdown: Where are prices still rising the fastest?
The “Morning with Maria” panel discusses the U.S. economy and markets after January’s CPI of 3.1% year-over-year. Inflation rose faster than expected in January as rising rent and food costs raised prices for millions of American households. The Labor Department said Tuesday that the consumer price index, which measures the price of daily necessities including […]