Podcasts about The Conference Board

Electricity demand is expected to increase 25% by 2050. How can renewable energy sources in the US help fill the gap?   Renewables will soon produce 25% of US electricity generation, and they've already surpassed coal as a share of output. How can renewables continue to meet the growing demand for energy, and what can we expect from emerging sources such as geothermal and fusion?   Join Steve Odland and guest Alex Heil, senior economist at The Conference Board, to find out why US energy usage is projected to increase, what's next for nuclear, solar, and wind, and why further efficiencies can be found by upgrading today's grid.   For more from The Conference Board: ·       Endless Power Revisited: Recent Fusion Energy Breakthroughs & Near-Term Outlook ·       Blown Away: Overcoming Variability in Wind Power Key to a Decarbonized Grid ·       Under Ground: Geothermal Electricity's Potential as a Supplemental Power Source

On Tuesday, the Conference Board reported a slight drop in consumer confidence, driven by worries about available jobs and future incomes. But a dip in confidence doesn't always mean people spend less. Also on the show: Where have all the working moms gone? "Marketplace" host Amy Scott talks with Abha Bhattarai from the Washington Post about how women are losing workforce participation gains made during the pandemic. Plus, what ending the 'de minimis' exemption could mean for overseas retailers and online shoppers.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

On Tuesday, the Conference Board reported a slight drop in consumer confidence, driven by worries about available jobs and future incomes. But a dip in confidence doesn't always mean people spend less. Also on the show: Where have all the working moms gone? "Marketplace" host Amy Scott talks with Abha Bhattarai from the Washington Post about how women are losing workforce participation gains made during the pandemic. Plus, what ending the 'de minimis' exemption could mean for overseas retailers and online shoppers.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Consumer confidence mostly held steady in August – what's driving people's current mood and spending habits?  The latest update from The Conference Board Consumer Confidence Index® shows a slight dip in August, with the index slipping to 97.4 from July's 98.7. Both the Present Situation Index and the Expectations Index fell, with expectations remaining below the recession-warning threshold of 80.  Join Dana Peterson, Center Leader of the Economy, Strategy & Finance Center at The Conference Board, and Stephanie Guichard, Senior Economist, Global Indicators, The Conference Board, as they discuss:  Why tariffs and inflation remain top-of-mind for consumers;  How resumption of interest on student loans is impacting consumer credit and spending habits; and  The resiliency of cash payments and who's using buy-now-pay-later options.  More from The Conference Board:  Consumer Confidence Index  Will E-Wallets and Deferred Payments Overtake Cash and Credit Cards?  Pre-Aug 1 Tariff Buying Likely Boosted July Retail Sales 

Kia ora,Welcome to Wednesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news of mixed and confusing economic signals from the world's largest economy where scoring own-goals is becoming an embedded feature of their economic management.But first, there was an overnight Pulse dairy auction for both SMP and WMP and that delivered lower prices with the SMP price dropping -2.0% from the prior week's full dairy auction, and the WMP price down -1.1%In the US, financial markets are quite hesitant because Trump is attempting to fire a non-loyal Fed governor for made-up 'integrity' reasons (pot-kettle-black). Because she in Black, and a woman, Trump's vengeance is particularly pointed.in this case and contrasts starkly with how he treats Powell (which is also personal and isn't good either.) She hasn't been charged with anything let alone convicted, and legal action over the Presidential 'letter' will now follow. She is resisting the bullying. The USD slipped and long dated UST bonds posted losses as market unease spread.Overnight releases of American economic data was quite mixed. First, durable goods orders fell in July from June, down -2.8% and on top of the -9.4% fall in the June result. That takes the year-on-year July result to just a +3.5% rise, about what current inflation can account for. Non-defense, non-aircraft capital goods orders rose a little more than that, up +4.5% from a year ago, so that was positive. But they fell -8.0% in July from June.The Richmond Fed factory survey in the mid-Atlantic states remained negative in August, although not as much as the outsized July retreat. Factories in this region have been doing it tough since March 2025. Cost inflation is hitting them hard as a result of having to pay the tariff taxes. The average growth rate of prices paid increased notably, while growth in prices received was nearly unchanged in August.Yesterday we noted the negative Dallas Fed factory survey for Texas. Today the services survey for the same region was released and it reported a better expansion. But they reported the improvement as 'slight'.There was also only a slight change in consumer sentiment reported by the Conference Board for August. Rising worries about jobs and income were offset by more optimistic views of current and future business conditions, they said. Overall, consumer confidence dipped slightly in August but remained at a level similar to those of the past three months. Tariff-taxes are a key reason there is no improvement in this survey. Consumers' average 12-month inflation expectations picked up after three consecutive months of easing and reached 6.2% in August, up from 5.7% in July.Once rare seven-year car loans are fast becoming the norm in the US. They're often the only way buyers can afford new vehicles, with the average vehicle sale prices surging +28% in five years to approach NZ$85,000. And tariffs will make than much worse. Bloomberg is reporting that in Q2-2025, seven-year vehicle loans represented 21% of all new-vehicle financing. Six-year loans, at one time considered the upper end of the range, are now the most common, accounting for 36%. Some buyers are even now going for eight-year loans.There was a large and well supported two year US Treasury bond auction overnight, resulting in a median yield of 3.60%, down from 3.87% at the prior equivalent event a month ago.North of the border, Canada released some business activity data for July, and both metrics rose and by more than expected. Their wholesale trade was up +1.3% from +0.7% in June, driven by stronger vehicle sales. They manufacturing sales rose +1.8% in July, an improvement from +0.3% in June. Transportation equipment, and the energy sector, provided the key boosts.Across the Pacific in South Korea, you may recall the huge jump in consumer sentiment in July after the peaceful resolution of the attempted executive coup there earlier in the year. The rule of law won. In August, that confidence level dropped sharply as things returned to normal. But to be fair is is still far higher than at any time in the past ten years - despite their ugly treatment by the Trump Administration.In Australia, Australia Post has temporarily partially suspended postal services to the US. All such deliveries now require full customs duties and declarations making the trade impractical for small value items and substantial jeopardy for the shipper. The disruption to such courier services is spreading to most Asian countries now.The UST 10yr yield is now at 4.25%, down -3 bps from yesterday at this time. The price of gold will start today at US$3,381/oz, up +US$10 from yesterday.American oil prices have fallen -US$1.50 to US$63.50/bbl with the international Brent price now just under US$67.50/bbl.The Kiwi dollar is at just on 58.6 USc and little-changed from yesterday at this time. Against the Aussie we are up +10 bps at 90.3 AUc. Against the euro we are unchanged at 50.3 euro cents. That all means our TWI-5 starts today at just on 66.3, and also little-changed from yesterday.The bitcoin price starts today at US$109,747 and down another -2.4% from this time yesterday. Volatility over the past 24 hours has been modest at just on +/- 1.5%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

Doing business in China increasingly requires an entirely different approach to supply chain, IT, government relations, and innovation. How can multinational companies operating in China evaluate the risks and opportunities—including gray swans and even black swans?     Join Steve Odland and guest David Hoffman, China Center Leader and senior advisor for Asia at The Conference Board, to explore the difference between “complicated” and “complex,” how to win in down market operating conditions, and why managing geopolitical risks requires both the local operation and your global headquarters.     For more from The Conference Board:  China's Investment Paradox  China Economy Watch July 2025  China CEO Council 

Kia ora,Welcome to Friday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news the financial world is waiting for Fed boss Powell's Jackson Hole scene setting speech.In the meantime, US initial jobless claims held steady last week from the prior week at +195,000. But in fact seasonal factors should have produced a good fall. So seasonally adjusted, they are reporting an unexpected rise. The number of people on these benefits held at 1.97 mln when they usually retreat at this time of year. Analysts are flagging concerns about the lack of progress. A year ago they fell to 1.86 mln, so they are +110,000 higher now than then.US existing home sales rose, and by more than expected in July and only the second month-on-month gain of 2025. They ran at the rate of 4 mln per year, the best level since February. However, the stock of unsold homes swelled (to 19 weeks of supply), and the latest sales came with the average selling price dropping, now at US$422,400.More generally, around their overnight earnings release, the Walmart CEO noted that tariff-tax price pressure is driving up prices on a weekly basis now. However, they reckon they will get a net benefit as shoppers turn to them from others forced into even higher increases.And the Conference Board's index of leading indicators fell in July, extending its 2025 retreat and at a faster pace in the past six months than the prior six months. Keeping the pressure on this index are the retreats in new orders, and weak consumer sentiment.The Philly Fed's factory survey certainly shows the new order problem which turned negative in August. And firms report that inflation is embedding at higher levels for their input costs. There is a sense that this heartland manufacturing region is starting to go backwards again. Those in this survey 'expect growth' in the future, but they have been signaling that for all of 2025 and if that aspect turns, things will possibly feel a bit grim there.But the early August S&P Global/Markit PMIs for the US are not downbeat. On the factory side, they report a good recovery from July. On the services side a slip from a still-expanding base. They also report faster input inflation as they paid the tariff-taxes.The Canadians also reported rising input costs in their PPI release overnight.Japanese business is on the rise. Business activity across Japan's private sector expanded at the fastest rate since February midway through the third quarter, according to the August PMI survey data. The upturn was supported by a fresh increase in factory production alongside a further solid rise in activity at service providers. Total new business also expanded at the quickest rate in six months, though this was driven solely by the service sector. New export business fell at a steeper rate, however.In China, it is becoming clearer that officials are increasingly worried about strained finances at central and local government agencies, and that both firms and employees are suffering from delayed payments. Apparently, the pressures are severe, warranting President's Xi's attention. Special bond issues are underway to juice up the necessary funding.In Europe, the flash PMI reports indicate an improving situation for both manufacturers, and in the service sector. New orders increased for first time in 15 months in August. The factory PMI rose to expansion and its best in more than three years. Its services sector expanded faster, although like everything in Europe the benchmarks are not high compared to the rest of the world.Overall EU consumer sentiment held at modest levels in August, although to be direct, they are still substantially negative and remain lower than their long-run average.In Australia, the S&P Global/Markit August PMIs are quite upbeat. They said Australia's business activity growth accelerated midway through the third quarter, with faster expansions across both the manufacturing and service sectors. This was supported by higher new work inflows, including a renewed expansion in exports. In turn, Australian private sector firms raised their staffing levels at a faster rate to cope with additional workloads. Business sentiment also improved slightly from July.Australian consumer inflation expectations fell to 3.9% in August from 4.7% in July, easing for the second straight month and marking the lowest level since March.And energy regulator AEMO says more wind, solar and storage capacity was added over the past year to the electricity grid in Queensland, NSW and Victoria than in any year before. The risk of blackouts and service disruptions is fading, they say.Globally, container shipping freight rates fell -4% last week from the prior week to be -60% lower than year-ago levels, although year-ago there was extensive stress from tensions in the Red Sea. All the weakness currently is in outbound cargoes from China. Bulk cargo freight rates fell -5% over the past week, but they are still +10% higher than year-ago levels.The UST 10yr yield is now at 4.33%, up +4 bps from yesterday at this time.The price of gold will start today at US$3,337/oz, down -US$10 from yesterday.American oil prices have risen +US$1 to just under US$63.50/bbl with the international Brent price up +US$1 to just over US$67.50/bbl.The Kiwi dollar is at just on 58.2 USc and down -10 bps from yesterday. Against the Aussie we have held at 90.6 AUc. Against the euro we are up +10 bps at 50.1 euro cents. That all means our TWI-5 starts today at just on 66.2, and up +10 bps helped by a gain against the yen.The bitcoin price starts today at US$114,270 and essentially unchanged from this time yesterday. Volatility over the past 24 hours has been modest at just under +/-1.1%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again on Monday.

Air Canada flights will start resuming in a matter of hours after the union representing flight attendants struck a tentative deal with the airline overnight. On today's show: Pedro Antunes, a Chief Economist with the Conference Board of Canada, analyzes the latest CPI report. Monday marked a commanding byelection victory for Canada's Conservatives, as party leader Pierre Poilievre returns to the House of Commons. We gather reaction from CTV's Colton Praill and Nik Nanos from Nanos Research. In this week's edition of Tech Stories with Carmi Levy, we delve into body-tracking Wi-Fi. What could possibly go wrong? The Daily Debrief Panel - featuring Shakir Chambers, Nick McRoberts, and George Soule. Fen Hampson, a Professor of International Affairs at Carleton University, reacts to what came out of Trump's meeting with Zelenskyy.

Consumer sentiment took a hit in August as concerns about inflation and a potential recession loomed. Morningstar's David Swartz says consumers are pulling back on discretionary spending due to economic uncertainty, while Conference Board's Dana Peterson notes a rise in inflation expectations in July. However, not all retailers are created equal - Swartz sees value in undervalued department store stocks like Macy's (M) and Kohl's (KSS), citing their significant real estate holdings.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

How does a leader create an environment where it's ok not to be ok? In this episode, Dr. Bill Howatt joins the program to discuss the key early warning signs that leaders should be trained to recognize when an employee might be experiencing a mental health crisis, how to avoid common mistakes leaders make when trying to support employees with mental health challenges, and more.Dr. Howatt is the former Chief of Research, Workforce Productivity, at the Conference Board of Canada and former Chief of Research and Development, Workforce Productivity, at Lifeworks. He has authored over 60 books and is known as one of Canada's top workplace mental health experts. He is currently Chief Mental Health Officer & Founder at Howatt HR Consulting.Episode Links:Learn more about Dr. Howatt's Crisis Ready Workplace CertificationDr. Howatt's eBook: "Practical Considerations for Facilitating Workplace Psychological Health and Safety": About Propel:Propel is the purpose-built well-being platform designed to help you develop a culture of well-being and bring your vision to life. Propel helps you launch a truly engaging program with flexible technology that tailors the experience to your diverse teams.Create a unique well-being experience from within. See how Propel can help by scheduling a free strategy session at propelwellbeing.com.

What does it mean to be a Chief Reframer? Stela Lupushor joins The Brand Called You podcast to challenge outdated workplace models. From AI integration to human capital ROI, she shows how to rethink systems, not just tweak them. A must-listen for future-ready leaders.00:31- About Stela LupushorStela is the founder and chief executive re-framer of Reframe.Work. She is also the program director, strategic workforce planning and HR Be Peace Council at the Conference Board and facilitates conversations with Fortune 500 corporation members on building new global workforce strategies.She also is the human capital analytics center leader at the Conference Board, shaping its research agenda.Stela is also the founder chairperson of the board of directors of ‘Amazing', a non-profit organization extending the work horizon for women and empowering them to thrive in the workplace of the future.

More C-Suite leaders view their boards as effective in 2025, but numerous challenges remain, including keeping up with AI.     More than one-third (35%) of C-Suite executives surveyed by PwC and The Conference Board say their board's effectiveness is “excellent” or “good.” What are these boards doing well, and where do they need to improve?     Join Steve Odland and guest Arielle Berlin, director of the Governance Insights Center at PwC, to find out how boards are grappling with uncertainty, why companies want boards to focus more on AI and talent, and why nearly all senior executives are calling for board refreshment.     For more from The Conference Board:  Board Effectiveness: A Survey of the C-Suite: 2025 Edition  The Evolution of Overboarding Policies  Board Practices and Composition: 2024 Edition 

US Home Prices Are Up... ...and so is consumer confidence despite the Fed Stubbornly refusing to lower interest rates The U.S. Federal Housing Finance Agency's (FHFA) recent report shows that while home prices were down .2% in the month of May but they are up 2.8% between May 2024 and May 2025 Separately, The Conference Board reported that its consumer confidence index rose 2 points from 95.2 in June to 97.2 in July all the while the Fed once again refused to lower interest rates at their July meeting interestingly, there were several rate decreases before the Presidential election and zero reductions since that time read into that what you want what all of this means to me is that the bottom hasn't, and won't be, falling out on home prices home values are on track to be up the 3% in 2025 that I predicted here before the start of the year and it we ever see an interest rate reduction it will likely push home values a little higher as home buyers monthly payments become a little lower listen in to today's show for my analysis of what is happening now in these areas

Kevin covers the following stories: "They said it couldn't be done but President Trump keeps doing it anyway." - Phil Flynn, Price Futures Group; S&P Dow Jones Indices released the May 2025 results for the S&P CoreLogic Case-Shiller Indices - U.S. prices; the Conference Board released the U.S. consumer confidence index; Daimler Truck announced a major change in their focus on certain trucklines, job cuts and the challenges they face this year; J.B. Hunt releases 2nd Qtr. results; Kevin sorts through the data, discusses the details, puts the information into perspective, offers his insights and some opinions. Oil and gas prices react to continuing U.S. - China trade talks, President Trump's shorter deadline for Russia to negotiate an end to the war with Ukraine or face more severe sanction on its oil flows, the upcoming Federal Reserve's interest rate decision and the trade agreement between the U.S. and the EU. Kevin makes predictions on what the 2nd Qtr. GDP will be and whether the Federal Reserve will reduce interest rates.

Kevin covers the following stories: "They said it couldn't be done but President Trump keeps doing it anyway." - Phil Flynn, Price Futures Group; S&P Dow Jones Indices released the May 2025 results for the S&P CoreLogic Case-Shiller Indices - U.S. prices; the Conference Board released the U.S. consumer confidence index; Daimler Truck announced a major change in their focus on certain trucklines, job cuts and the challenges they face this year; J.B. Hunt releases 2nd Qtr. results; Kevin sorts through the data, discusses the details, puts the information into perspective, offers his insights and some opinions. Oil and gas prices react to continuing U.S. - China trade talks, President Trump's shorter deadline for Russia to negotiate an end to the war with Ukraine or face more severe sanction on its oil flows, the upcoming Federal Reserve's interest rate decision and the trade agreement between the U.S. and the EU. Kevin makes predictions on what the 2nd Qtr. GDP will be and whether the Federal Reserve will reduce interest rates.

Consumer confidence ticked up in June, according to The Conference Board. At the same time, confidence in the labor market weakened for a seventh consecutive month. In this episode, what good are a bunch of confident consumers if they're stressed about finding work? Plus: SNAP cuts will hurt grocery stores, Americans have to buy foreign goods if we want other countries to buy our goods, and tariff costs negate productivity growth benefits.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Watch The X22 Report On Video No videos found (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:17532056201798502,size:[0, 0],id:"ld-9437-3289"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");pt> Click On Picture To See Larger Picture The people are still struggling in the [CB] economy, remember inflation is cumulative and people have to restort to credit to survive. Warns the UK, they have the oil make the common sense move. Business confidence rises. Trump is now taxing the [CB]/[DS] players. The [DS] is keeping the latest shooting in the news, normally if it is not a white person they drop the story, this is to cover for the Russia hoax release. The D's set many precedents going after Trump, and now Trump is going to use it on them. The D's said that a President can be impeached once he is out of office, now Trump can use this on Obama. Obama will be tried and impeached at the same time. It will be like he never existed.   Economy https://twitter.com/KobeissiLetter/status/1950183780733403244   +$363 billion. That's an average increase of +$7.3 billion PER MONTH. The worst part? This does not include "Buy Now, Pay Later" spending, which is projected to hit a record $116.7 billion this year. Americans are "fighting" inflation with credit card debt. (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:18510697282300316,size:[0, 0],id:"ld-8599-9832"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");  https://twitter.com/alexahenning/status/1949972139534066090 https://twitter.com/unusual_whales/status/1950173713359655140   https://twitter.com/ScottAdamsSays/status/1949955107157676174 https://twitter.com/RapidResponse47/status/1950226148106936553   Consumer Confidence Unexpectedly Jumps on Rising Hopes for Jobs and Business Conditions The Consumer Confidence Index climbed to 97.2 this month, up from a revised 95.2 in June. Economists had forecast a reading of 95.8. The rise was driven by improving expectations for business conditions, employment, and income, particularly among adults over the age of thirty-five and across nearly all income groups. The Expectations Index rose to 74.4 in July from 69.9 in the previous month. While still below the level of 80 that the Conference Board associates with recession risk, July marked the highest reading since January and the second consecutive monthly increase. According to the report, “all three components of the Expectation Index improved,” with fewer consumers expecting business and labor conditions to worsen and more anticipating income gains. Source: breitbart.com Political/Rights The Left-Wing Hysteria Over Sydney Sweeney's Jeans Commercial Just Got Even More Insane This story's actually been running laps on social media for several days. As the accusations go, because Sydney Sweeney is white and has blue eyes, the use of the pun "good jeans" in the American Eagle ad is supposedly a nazi dog-whistle. No, I'm not kidding. https://twitter.com/EllaYurman/status/1948986062899949779?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1948986062899949779%7Ctwgr%5Ea1779d6e0901af7b16050f002fdbd4b146446d82%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fredstate.com%2Fbonchie%2F2025%2F07%2F29%2Fthe-left-wing-hysteria-over-sydney-sweeneys-jeans-commercial-n2192210 https://twitter.com/washingtonpost/status/1949945483452969294?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1949945483452969294%7Ctwgr%5Ea1779d6e0901af7b16050f002fdbd4b146446d82%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fredstate.com%2Fbonchie%2F2025%2F07%2F29%2Fthe-left-wing-h...

Consumer confidence ticked up in June, according to The Conference Board. At the same time, confidence in the labor market weakened for a seventh consecutive month. In this episode, what good are a bunch of confident consumers if they're stressed about finding work? Plus: SNAP cuts will hurt grocery stores, Americans have to buy foreign goods if we want other countries to buy our goods, and tariff costs negate productivity growth benefits.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Stephanie Guichard of The Conference Board reacts to Durable Goods Orders, saying the report shows “caution in the business sector.” Business investment “is not going to be that great going forward, but it's not going to be that bad either.” She also looks at 2Q CEO confidence, and notes that more are revising capex spending lower that higher for the first time in 5 years.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – / schwabnetwork Follow us on Facebook – / schwabnetwork Follow us on LinkedIn - / schwab-network About Schwab Network - https://schwabnetwork.com/about

“Our job is to recycle so that we can recover all of that scrap and goods that you and I are recycling in our garbage bins every week or recycling as we get new cars. And our job is to recover that because we make steel in a very clean and efficient process through what's called an electric arc furnace. So, we take all of that scrap, we melt it down, and we make new steel. It does not degrade. It has a continuous reusable life.…Depending on the different products of steel, that actually determines the recycled content that goes into them for the finishes and the quality of the steel that's needed.” Tabitha Stine on Electric Ladies Podcast With tariffs on steel and the Nippon Steel-U.S. Steel merger back in the news, we wanted to replay this important conversation on the impact of steel on the environment and how “recycled steel” works. “The production and use of materials such as cement, steel, and aluminum have a significant carbon footprint,” according to the UN, with construction 37% of emissions. But is recycled steel safe? Listen to Tabitha Stine, General Manager of Energy Solutions and Services at Nucor Corporation, which says it's “North America's largest steel manufacturer and recycler.” She'll explain how recycled steel is made and more in this fascinating conversation with Electric Ladies host Joan Michelson. They also share insightful career advice. You'll hear about: How recycled steel is made and where the steel comes from that is recycled. How structurally sound recycled steel is and how it's tested to make sure and meet building codes. Which industries use recycled steel, why, and how the demand and supply line up.   How the steel industry is adapting to ensure automobiles and buildings are resilient to the ravages of climate change, including innovations in the works. Plus, insightful career advice, such as… “Usually what holds people back is, people are not willing to raise their hand. And then you go 10 years and you haven't had guidance because maybe you have a manager that doesn't give you feedback. You have to advocate for yourself. You are your advocate. There are no others. You've got to assume nobody else will except for yourself and you go for it. And I would also stress that if you're also not mentoring others at every stage along your career, you're missing out on a big opportunity,” Tabitha Stine on Electric Ladies Podcast Read Joan's Forbes articles here. You'll also like: Marci Jenks, Eco-Materials Technologies, on green cement Congresswoman Chrissy Houlahan (D-PA), on the politics of energy and infrastructure Erin McLaughlin, Senior Economist, The Conference Board, about her new report on buildings, climate change and carbon emissions. Katie McGinty, Chief Sustainability Officer, Johnson Controls, on the power of buildings. Anna Siefken, Deputy Director, Federal Energy Management Program, Dept. of Energy, on how the federal government reduces the energy use and carbon footprint of its 350,000 buildings. Laura Busse Dolan, CEO, Applied Imagination, which designs and builds miniature buildings from plants and botanicals. Subscribe to our newsletter to receive our podcasts, blog, events and special coaching offers.. Thanks for subscribing on Apple Podcasts or iHeartRadio and leaving us a review! Follow us on Twitter @joanmichelson

Kevin covered the following stories: the University of Michigan released their Survey of Consumers (Consumer Sentiment); the U.S. Commerce Department reported single family home building permits; the U.S. Commerce Department's Census Bureau reported single family housing starts; the U.S. Conference Board published the Leading Economic Index (LEI); Ward's Intelligence released June Class 8 Truck Sales; Volvo reported 2nd Quarter earnings; Kevin has the details, digs into the data, puts the information into historic perspective offers his insights and an opinion or two. Crude Oil and Gas prices react to the EU's 18th package of sanctions, potential Iran nuclear talks with Britain, France and Germany, pending tariffs, set to kick in on August 1st and rumors of possible meeting between President Trump, Russian President Vladimir Putin and Chinese President Xi Jingping.

Kevin covered the following stories: the University of Michigan released their Survey of Consumers (Consumer Sentiment); the U.S. Commerce Department reported single family home building permits; the U.S. Commerce Department's Census Bureau reported single family housing starts; the U.S. Conference Board published the Leading Economic Index (LEI); Ward's Intelligence released June Class 8 Truck Sales; Volvo reported 2nd Quarter earnings; Kevin has the details, digs into the data, puts the information into historic perspective offers his insights and an opinion or two. Crude Oil and Gas prices react to the EU's 18th package of sanctions, potential Iran nuclear talks with Britain, France and Germany, pending tariffs, set to kick in on August 1st and rumors of possible meeting between President Trump, Russian President Vladimir Putin and Chinese President Xi Jingping.

2025 is half over. What issues should human capital leaders focus onduring the restof the year?     In this time of rapid change, chief HR officers (CHROs) shouldfocus on issues such as AI transformation, leadership resilience, and strategic workforce planning. Whatelse made The Conference Board's top 10 CHRO priorities for the restof 2025?    Join Steve Odland and guest Diana Scott, center leader of the US Human Capital Center at The Conference Board, to find out why succession and workforce planning are so important, the role of reskilling and upskilling, and how to help your workforce overcome their fear of AI.    The Conference Board is profiling the top 10 priorities for crucial job functions and business units. In this episode of C-Suite Perspectives, we look at the top priorities for CHROs.     (00:46) Priority Number 10: Employee Well-Being (03:47) Priority Number 9: Data-Driven Workforce Decisions (06:20) Priority Number 8: Succession Planning (08:49) Priority Number 7: Reimagining Hybrid and Flexible Work (11:23) Priority Number 6: Talent Mobility and Internal Opportunities (14:00) Priority Number 5: Reskilling and Upskilling at Scale (17:01) Priority Number 4: Driving Organizational Change and Building Culture (19:00) Priority Number 3: Strategic Workforce Planning (22:02) Priority Number 2: Leadership Resilience and Agility (23:05) Priority Number 1: Leading AI and Technology Transformation      For more from The Conference Board:  The State of US Job Satisfaction  The Reimagined Workplace 2025: Managing Uncertainty  Navigating Change Fatigue in an Age of Disruption 

Today, we're looking at an interview with an RCMP Staff Sergeant who told the CBC that a person switching beliefs from “equal rights” to “traditional values” is a warning sign of extremism. Plus, the Conference Board of Canada is suggesting that as immigration numbers slow down, wages for Canadians will go up. And finally, Alberta is tackling diversity, equity and inclusion and other woke ideologies as municipalities are being pushed to back away from far-left policies and programs that have harmed the province's cities. Special Guest: Lise Merle.

Originally by today - July 9th - we were supposed to have 90 trade deals in 90 days, and new tariffs were supposed to go into effect. This week, the Trump administration extended the deadline to August 1st. President Trump is now insisting that there will not be another extension to this deadline. Maria Demertzis, the chief economist for Europe at the Conference Board in Brussels, joins Thanos Davelis as we look at what message this latest extension of the tariff deadline sends to America's trading partners, particularly Europe.You can read the articles we discuss on our podcast here:No TACO Tuesday: Trump insists Aug. 1 tariff deadline won't be extendedTrump delays tariffs as the rest of the world plays hardballWhat Trump Trade Policy Has Achieved Since ‘Liberation Day'Greek PM to brief Parliament on migration surge from LibyaBenghazi expels EU migration envoysHouthi rebels release video of attack on Greek ship Magic SeasDeath toll from Red Sea attack on Greek-owned vessel rises to three

Japan and South Korea face 25% US tariffs in August. Donald Trump also sent tariff letters to twelve other countries on Monday with details of the tariffs of up to 40% that they could face. We hear from the US Consumer Technology Association on what tariffs could mean for stores across America. Also, as the trading day starts in Tokyo and with elections on the horizon, we ask how Japan's government will interpret President Trump's latest tariff threat.And how street art is encouraging thousands of tourists back to a once-deserted village in southern Italy. Throughout the programme, Sam will be joined by two guests on opposite sides of the world: Peter Landers, Wall Street Journal Asia Business and Finance Editor in Beijing, and Erin McLaughlin, Senior Economist at the Conference Board in new York.

We've just passed the midway point of 2025 -- what are the top 10 priorities for chief marketing officers (CMOs) for the rest of the year?     CMOs have been tasked with driving growth even while they grapple with external uncertainty, widespread burnout, and the rise of AI. What else made The Conference Board's top 10 CMO priorities for the rest of 2025?     Join Steve Odland and guest Ivan Pollard, the Marketing & Communications Center Leader at The Conference Board, to find out what we can learn from CMO surveys, why the CMO-CEO relationship matters, and why 2025 is the year AI needs to contribute to revenue growth.     The Conference Board is profiling the top 10 priorities for crucial job functions and business units. In this episode of C-Suite Perspectives, we look at the top priorities for CMOs.      For more from The Conference Board:  Recognition Rises for CMOs Even as Workload Saps Their Energy  Amid Turmoil, Marketers Are Worried About Their Budgets  CMO-CEO Collaboration: CEOs Want CMOs to Focus on Business Growth—Period 

Our show today is being sponsored by Free Float Analytics, the only platform measuring board power, connections, and performance for FREE.Elon Musk vows to defeat politicians who back Trump's megabill 'if it is the last thing I do' and Elon Musk says he'll form the 'America Party' if Trump's 'insane' spending bill passes“Elon Musk knew, long before he so strongly Endorsed me for President, that I was strongly against the EV Mandate. It is ridiculous, and was always a major part of my campaign. Electric cars are fine, but not everyone should be forced to own one. Elon may get more subsidy than any human being in history, by far, and without subsidies, Elon would probably have to close up shop and head back home to South Africa. No more Rocket launches, Satellites, or Electric Car Production, and our Country would save a FORTUNE. Perhaps we should have DOGE take a good, hard, look at this? BIG MONEY TO BE SAVED!!!”Elon Musk's loyal and trusted Tesla ‘fixer' takes the fall for dismal EV salesOmead Afshar, head of North America and Europe, was fired for failing to turn around the brand's flagging demandFedEx founder Fred Smith has died at 80Leading Independent Proxy Advisory Firm ISS Supports Compelling Case for Change to Brookdale Senior Living Board of Directors and Recommends “Withhold” votes on long tenured Brookdale directors Lee Wielansky, Chair of the Investment Committee, and Victoria Freed, Chair of the Nominating and Governance Committee:“Given the tenure and positions of Wielansky and Freed, they are arguably the most culpable among incumbent directors for the current state of affairs.”2014 vote: Wielansky (99.6% YES) and Freed (98.8% YES)Leading Independent Proxy Advisory ISS Supports Compelling Case for Change to AstroNova Board of DirectorsISS finds “change at the Board level is warranted to improve independence and oversight”: 97% YES for entire board last yearBoard Effectiveness: A Survey of the C-Suitebased on a PwC and The Conference Board report:93% of executives say they want someone on their board replaced (highest ever)only 50% of executives have confidence in their boards ability to remove underperforming directorsWhat are the challenges in replacing directors?:Executives: 48% said individual director assessments are not performedDirectors: 34% personal relationships between board membersTop 3 areas of expertise they want added to their boards: 1) international, AI and Gen AI, Environmental/SustainabilityExecutives want more board time spent on: ESG, talent management, AI and GenAITexas Enacts New Law to Regulate Proxy Advisory FirmsSB 2337 aims to limit proxy advice based on "nonfinancial" factors such as ESG and DEI and requires proxy advisors to provide a "specific financial analysis" for any recommendation in opposition to management's position.Hormel Foods Announces Elevation of John Ghingo to President; Jeffrey M. Ettinger to Serve as Interim Chief Executive Officerwill return to the company for a defined period of 15 months as interim chief executive officer(1) base salary of $1,200,000 per year; (2) annual target award equal to $2,000,000 (prorated for partial fiscal years); (3) a one-time equity grant of $7,200,000, approximately 75% of which shall consist of a stock option award and 25% of which shall consist of time-based restricted stock units; (4) standard executive benefit and health and welfare plan participation; and (5) four weeks of paid vacation for the remainder of 2025, and six weeks of paid vacation for the period of January 1, 2026 through October 26, 2026.Netflix Rejects Jay Hoag's Resignation, Adds New Board Member“Mr. Hoag's continued service as a member of the Board is in the best interests of the Company and its stockholders,” the filing states.79% said NOStarbucks Elects Dambisa Moyo and Marissa Mayer to its Board of DirectorsMoyo is on the boards of Chevron Corporation and Condé Nast and previously served on the boards of SABMiller, Barclays Bank, 3M, and Seagate Technologies. Mayer previously served as CEO and a director on the board of Yahoo!. Mayer currently serves on the boards of Walmart, AT&T, and Hilton Hotels & Resorts. She has also served on the board of Nextdoor.SEC bans CEOs from becoming chairmen without 3-year breakThe Securities and Exchange Commission has issued a new directive prohibiting Chief Executive Officers and Executive Directors from immediately assuming the position of Board Chairman within the same company or group after leaving office. A mandatory three-year “cool off period” has been introduced before such transitions can take place.NigeriaZuckerberg's Employees Have a Wild New Nickname for HimFaced with the return of Donald Trump to the Oval Office, Zuckerberg conveniently molted out of his pseudo-progressive skin and into a darling of the manosphere. He's since appeared on shows like Joe Rogan to complain that US business culture needs to "regrow its manhood," because American capitalism is "culturally neutered.""MAGA Mark"Mark Zuckerberg announces creation of Meta Superintelligence Labs Zohran Mamdani's victory in NYC mayoral primary leaves Wall Street ‘alarmed' and ‘depressed'Bill Ackman pledges to bankroll any NYC mayoral candidate capable of defeating Zohran MamdaniAI is doing up to 50% of the work at Salesforce, CEO Marc Benioff saysUber in Talks With Its Founder, Travis Kalanick, to Fund Self-Driving Car DealUber is in talks with former CEO Travis Kalanick to help fund his prospective bid for the U.S. subsidiary of Chinese self-driving car company Pony.aiTyson workers authorize strike at Texas plant over CEO pay, labor practicesAl Brito, the president of Local 577, said the strike is in part a response to the Tyson CEO's pay: “We are bargaining with one of the most repulsively greedy and amoral corporations in the entire country. Last year, Tyson's CEO made 525 times that of the median worker.”Ford recalls over 130,000 Lincoln Aviators due to risk of parts detaching while driving

Learn how General Mills takes strategy from concept into reality—all while standing for good.     General Mills CEO Jeff Harmening had the company pick 10 areas where it would “stand for good” and deliver meaningful impact, including regenerative agriculture and packaging reductions. What can other businesses learn about executing a strategy that delivers sustainable results for shareholders, customers, and the planet?     Join David Young and guest Jeff Harmening, CEO of General Mills, to find out why General Mills builds purpose into its strategy, how the company maintains its culture, and why Harmening didn't always dream of being a CEO.    The Leadership in Challenging Times discussions feature timely and insightful discussions with the outstanding CEOs who are recipients of CED's Distinguished Leadership Awards. Business leader honorees discuss the unprecedented challenges facing the nation and how they are helping chart a path forward for both their companies and communities in which they operate.       00:32 Meet Jeff Harmening: CEO of General Mills 01:18 Jeff's Career Journey and Leadership Values 03:48 The Accelerate Strategy: Driving Sustainable Growth 06:07 Standing for Good: General Mills' Purpose and Values 08:50 A Legacy of Philanthropy and Community Impact 10:10 Focusing on Key Initiatives: From 70 to 10 10:48 Regenerative Agriculture and Environmental Goals 12:39 Building a Culture of Belonging at General Mills 15:54 Conclusion and Final Thoughts   For more from The Conference Board:  CED Announces Recipients of Its 2025 Distinguished Leadership Awards  CED Distinguished Leadership Awards Celebration  Purpose Shapes Corporate Reputation More Than Innovation Does 

WAR! (or is it?) Tesla Robotaxi Update Japan's rice problem Drink up! New guidelines coming... PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter    Warm-Up - WAR! (or is it?) - Tesla Robotaxi Update - Japan's rice problem - Drink up! New guidelines coming... Markets - Not phased by Iranian attack - (well planned attack for markets - timing, newsflow and narrative of "successful mission") - A ceasefire now - quick wars! - P/E forward nearing 22 - Leading indicators - dropping - VERY Resilient overall - dips are for buying - NASDAQ 100 closing in on all-time highs - triple top Dropping the F Bomb - 7am CNBC - " Two counties that have been that have been fighting so long and so hard that they do not know what the "F***ck" they are doing" Oil - Drops from high of $78 to $66 - Iran bombing news spikes the price on Sunday night - and then....free fall.... Tesla - Everyone is a flutter about the RoboTaxi test in Austin - Stock moved up 10% on the news Monday -- Everyone knows it is a long haul - but the hope and the promise is something that investors live on - Tesla Robotaxis spotted speeding, making improper turns on first day of service, according to Bloomberg HAMMER - Defense Secretary Pete Hegseth, alongside Chairman of the Joint Chiefs General Dan Caine, in a news conference Sunday, reviewed operational details of Saturday's “Operation Midnight Hammer,” the well-concealed strikes against nuclear development facilities in Iran that both men called an “incredible and overwhelming success.” - “We have completed our very successful attack on the three Nuclear sites in Iran, including Fordow, Natanz, and Esfahan,” President Donald Trump said Saturday. - Bunker Buster Bombs - lots of them - Was it a success? -- Monday: Iran coordinated the attacks on U.S. base in Qatar and gave officials advance warning to minimize casualties Interesting - Online job listing company CareerBuilder + Monster filed for Chapter 11 bankruptcy protection on Tuesday. Leading Indicators - A measure of future U.S. economic activity fell in May for the sixth straight month and triggered a recession signal, held down by consumer pessimism, weak new orders for manufactured goods, an uptick in jobless benefits claims and a drop in building permit applications. - The Conference Board's Leading Economic Index fell by 0.1% to 99.0 last month after a downwardly revised 1.4% drop in April, which was the largest decline in the index since the spring of 2020 at the start of the COVID-19 pandemic. The decline matched the consensus expectation among economists polled by Reuters. - "With the substantial negatively revised drop in April and the further downtick in May, the six-month growth rate of the Index has become more negative, triggering the recession signal," she said. "The Conference Board does not anticipate recession, but we do expect a significant slowdown in economic growth in 2025 compared to 2024, with real GDP growing at 1.6% this year and persistent tariff effects potentially leading to further deceleration in 2026." Global Rates and Central Banks - Update World Rates Japan's Rice Problem - Rice prices in Japan more than doubled in May, spiking 101.7% year over year and marking their largest increase in over half a century. - The huge spike follows a 98.4% increase in April, and a rise of 92.1% year over year in March. - Japan's rice prices have been in the spotlight in recent times, with the government releasing emergency stockpiles to moderate the price of the country's staple food. - The surge in rice prices comes as Japan's core inflation rate climbed to 3.7% in May, marking its highest level since January 2023.

Federal Reserve Chairman, Jerome Powell gave his semi-annual report to Congress; Kevin talks about his testimony and offers his insights and opinion. The Conference Board issued their Consumer Confidence Index; Kevin digs into the details, puts the data into perspective, offers his insights and opinion. The Case-Shiller National Home Price Index was released yesterday; Kevin takes a look at the data and offers his insights. Kevin discusses our interest rates from the Central Bank versus other countries around the world. Oil and gas prices react to President Trump accusing Israel and Iran of violating the ceasefire, analysts seeing less risk to Middle-East crude oil supplies, President Trump easing sanctions on Iran's oil sales and increasing crude oil production from certain OPEC+ countries. 

Federal Reserve Chairman, Jerome Powell gave his semi-annual report to Congress; Kevin talks about his testimony and offers his insights and opinion. The Conference Board issued their Consumer Confidence Index; Kevin digs into the details, puts the data into perspective, offers his insights and opinion. The Case-Shiller National Home Price Index was released yesterday; Kevin takes a look at the data and offers his insights. Kevin discusses our interest rates from the Central Bank versus other countries around the world. Oil and gas prices react to President Trump accusing Israel and Iran of violating the ceasefire, analysts seeing less risk to Middle-East crude oil supplies, President Trump easing sanctions on Iran's oil sales and increasing crude oil production from certain OPEC+ countries. 

The Conference Board's consumer confidence index dropped in June. That's after a brief reprive in May from a monthslong downward slide. Uncertainty surrounding the job market, tariffs, that GOP tax bill, trouble in the Middle East — what's not to be glum about? In this episode, we explain what could shift the mood. Plus: Soon-to-be college grads in China prepare for an unwelcoming job market, oil shipping prices grow even as oil prices fall, and Congress considers a new way to regulate crypto.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

After a brief rebound in May, consumer confidence slipped again. What changed in June—and what might it mean for the economy this summer?  The Consumer Confidence Index dropped to 93.0 from 98.4, wiping out half the gains seen last month. Consumers are feeling less optimistic across the board: both their assessment of current business and labor market conditions and their short-term expectations for income, jobs, and the economy have weakened. Pessimism about job availability and business conditions is also more pronounced than it was in May.  In this episode, Stephanie Guichard, Senior Economist for Global Indicators, joins Malala Lin, Economic Research Associate, to unpack the latest data. They explore what's driving this decline in sentiment, how it could shape consumer behavior through the summer, and the broader implications for US economic growth.    For more from The Conference Board:  US Consumer Confidence Retreats in June  Global Leading Indicators: Recession and Growth Trackers  Fed Keeps 2 Cuts in 2025, but Dumps 1 Cut in 2026 on Inflation 

Employer branding reflects your organization's public perception—and you can measure its effectiveness.     In a world where any job candidate can see your reputation at a glance online, employer branding is essential. How is employer branding different from other branding, and how can companies measure the ROI?     Join Steve Odland and guest Erka Amursi, principal researcher in the Human Capital Center at The Conference Board, to find out the history of employer branding, the challenges in measuring ROI, and why change management can help employer branding efforts succeed.    (00:38) The Evolving Role of the CHRO (01:43) Strategic Partnership and Talent Management (03:14) CHROs in the Boardroom (07:03) Global Perspectives on Corporate Governance (08:49) Research Methodology and Insights (10:17) CHROs' Collaboration with C-Suite Members (13:04) Future Skills for CHROs (18:17) Board and CEO Support for CHROs    For more from The Conference Board:  The ROI of Employer Branding: The Case for Measurement   The ROI of Employer Branding: Approaches for Demonstrating Impact  What is the ROI of Your Employer Branding Efforts? 

If you work in sustainability or ESG, you're already grappling with a rapidly evolving regulatory and policy landscape, all while proving the ROI of your sustainability strategy. What other crucial issues should sustainability executives prioritize for the remainder of 2025?     Join Steve Odland and guest Andrew Jones, PhD, principal researcher at The Conference Board Governance & Sustainability Center, to find out how AI is affecting sustainability work, the importance of supply chain sustainability and water stewardship, and why policy changes shouldn't affect your underlying goals.     At the midway point of 2025, The Conference Board is profiling the top 10 priorities for crucial job functions and business units. In this episode of C-Suite Perspectives, we look at the top priorities for sustainability executives.      (00:49) Priority Number 10: AI in Sustainability (02:27) Priority Number 9: Communicating and Storytelling (05:09) Priority Number 8: Integrating Sustainability into Business Operations (07:52) Priority Number 7: Biodiversity and Natural Capital (10:47) Priority Number 6: Water Stewardship and Scarcity (13:58) Priority Number Five: Supply Chain Transparency and Sustainability (16:47) Priority Number 4: Climate Strategy (18:44) Priority Number 3: Demonstrating ROI in Sustainability (20:25) Priority Number 2: Sustainability Reporting Regulations (22:28) 20:39 Priority Number 1: Navigating ESG Policy Changes   For more from The Conference Board:  Top 10 Sustainability Priorities for 2025 New Approaches to Telling Your Sustainability Story  Corporate Climate Disclosures and Practices: Risk, Emissions, and Targets  The EPA's Deregulatory Agenda: Implications for Corporate Sustainability 

Our Thematics and U.S. Economics analysts Michelle Weaver and Arunima Sinha discuss how American consumers are planning to spend as they consider tariffs, inflation and potential new tax policies. Read more insights from Morgan Stanley.----- Transcript -----Michelle Weaver: Welcome to Thoughts on the Market. I'm Michelle Weaver, U.S. Thematic and Equity strategist.Arunima Sinha: And I'm Arunima Sinha from the Global and U.S. Economics Teams.Michelle Weaver: Today – an encouraging update on the U.S. consumer.It's Tuesday, June 3rd at 10am in New York.Arunima, the last couple of months have been challenging not only for global markets, but also for everyday people and for individual households; and we heard pretty mixed information on the consumer throughout earning season. Quite a few different companies highlighted consumers being more choiceful, being more value oriented. All this to say is we're getting a little bit of a mixed message.In your opinion, how healthy is the U.S. consumer right now?Arunima Sinha: So, Michelle, I'm glad we're starting with the sort of up upbeat part of the consumer. The macro data on the consumer has been holding up pretty well so far. In the first quarter of [20]25, consumer spending has actually been running at a similar pace as the first quarter of [20]24. Nominal consumption spending grew 5.5 percent on a year-on-year basis. Goods were up almost 4 percent. Services were up more than 6 percent.So, all of that was good. What our takeaway was that we had a lot of strength in good spending, and that did probably reflect some of the pull forward on the back of tariff news. But that pace of growth suggests that there is an aggregate consumer. They have healthy balance sheets, and they're willing to spend.And then what's driving that consumption growth from our point of view. We think that labor market compensation has been running at a pretty steady pace so far. So more than 5.5 percent quarterly analyzed. PCE inflation has been running at just over 3 percent. And so even though equity markets did see some greater volatility, they didn't seem to impact the consumer at least in the first quarter of data. And so, we've had that consumer in a pretty good shape.But with all of this in the background, we know, tariffs have been in the news, and tariff fears have weighed heavily on consumer sentiment. But then tariff headlines have also become more positive lately, and consumers might be feeling more optimistic. What's your data showing?Michelle Weaver: So that really depends on what data you're looking at. We saw a pretty big rebound in consumer sentiment if you look at the Conference Board survey. But then we saw flat sentiment, when you look at the University of Michigan survey. These two surveys have some different questions in them, different subcomponents.But my favorite way to track consumer sentiment is our own proprietary consumer survey, which did show a pretty big pickup in sentiment towards the economy last month. And we saw sentiment rebound significantly for both conservatives and liberals.So, this wasn't just a matter of one political party, you know, having a change of opinion. Both sides did see an improvement in sentiment. Although consumer sentiment for conservatives improved off a much higher base. The percent of people reporting being very concerned about tariffs also fell this month. We saw that move from 43 percent to 38 percent after the reduction in tariffs on China. So, people are, you know, concerned a little bit less there. And that's been a really big thing people are watching.Arunima Sinha: Feeling better about the news is great. Are they actually planning to spend more?Michelle Weaver: So encouragingly we did also see a big rebound in consumers short term spending outlooks in the survey. 33 percent of consumers expect to spend more next month and 17 percent expect to spend less.So that gives us a net of positive 16 percent. This is in line with the five-year average level we saw there, and up really substantially from last month's reading of 5 percent. So, 5 percent to 16 percent. That's a pretty big improvement.We also saw spending plans rise across all income groups. though we did see the biggest pickup for higher income consumers and that figure moved from 12 percent to 31 percent. Additionally, we saw longer term spending plans – so what people are planning to spend over the next six months – also improve across all the categories we look at.Arunima Sinha: And were there any specific changes about how the consumers were responding to the tariff headlines?Michelle Weaver: Yeah, so people reported pulling forward some purchases, due to fear of tariff driven price increases. So, people were planning for this, similarly to what we saw with companies. They were doing a little bit of stockpiling. Consumers were doing this as well. So, our survey showed that over half of people said they accelerated some purchases over the past month to try and get ahead of potential tariff related price increases.And this did skew higher among upper income consumers. The categories that people cited at the top of the list for pull forward are non-perishable groceries, household items. So, both of those things you need in your day-to-day life. And then clothing and apparel as well, which I thought was interesting. But that's been one thing that's been in the news a lot that's heavily manufactured overseas.So, people were thinking about that. And this does align overall with our March survey data, where we asked what categories people were most concerned about seeing price increases. So, their behavior did line up with what they were concerned about in March.Arunima, your turn on tariffs now. The reason tariffs have been on consumer's minds is because of what they might mean for price levels and inflation. Throughout earning season, we heard a lot of companies talking about raising prices to offset the cost of tariffs. What has this looked like from an economist's perspective? Has this actually started to show up in the inflation data yet?Arunima Sinha: So not quite yet, and that's something that, as you might expect, we're tracking very, very closely. So, one of the things that our team did was to think about which types of goods or services were going to be impacted by inflation. And so, we think that that first order effects are going to be on goods. And we think that the effects could start to show up in the May data, but we really see that sequential pace of inflation starting to step up starting June. And then in our third quarter inflation estimate, we see that number peaking for the year. So, in the third quarter, we think that core PCE inflation number is going to be about 4.5 percent Q1-Q analyzed.Michelle Weaver: And then aside from tariffs and inflation, how are people going to be affected by a fiscal policy, specifically the tax bill that just passed the house?Arunima Sinha: So, the house version of the bill has government spending reductions that can be quite regressive for different cohorts of the consumer. So, we have, reductions around the Medicaid program, cuts to the SNAP program as well as possible elimination of the income driven loans repayment plans. So, all of these would have a pretty adverse impact on the lower income and the middle-income consumers.This could be – but will likely not be fully offset by the removal of taxes, on tips and overtime. And then on the other side, the higher income consumers could benefit from some of that increase in SALT caps. But overall, the jury is still out on how the aggregate consumer will be affected.Michelle Weaver: So, taking this all into account, the effects of fiscal policy, of tariff policy, of labor market income – what's your overall outlook on U.S. consumption for the rest of the year?Arunima Sinha: So, we recently published our mid-year outlook for U.S. economics and our forecast for consumption spending over 2025 and [20]26 does see the consumer slowing. And this is really due to three factors. The first is on the back of those greater tariffs and the uncertainty around them and the fact that we have slowing net immigration, we're going to be expecting a slowdown in the labor market. As the pace of hiring slows, you have a slower growth in labor market income. And that really is the main driver of aggregate consumption spending. And then as we talked about, we are expecting that pass through of higher tariffs into inflation, and that's going to impact real spending. And then finally the uncertainty around tariffs, the volatilities and equity markets could weigh on consumer spending; and may actually push the upper income cohorts, the big drivers of consumption spending in the economy, to have higher precautionary savings.And so, with all of that, we see our nominal consumption spending growth slowing down to about 3.9 percent by the end of this year.Michelle Weaver: Well a little unfortunate to wrap up on a more negative note, but we are seeing, you know, mixed messages – and some more positive data in the near term, at least. Arunima, thank you for taking the time to talk.Arunima Sinha: Thanks so much for having me, Michelle.Michelle Weaver: And thank you for listening. If you enjoy Thoughts on the Market, please leave us a review wherever you listen to the show and share the podcast with a friend or colleague today.

“Our core business is harvesting and collecting the by-product from coal combustion plants historically, called fly ash. We introduce it into supplementary cementitious materials to create a Portland cement replacement. We are pushing for 20% and even 30% [replacement of traditional cement] and hopefully reaching 100% one day with our technologies that are still in development.” Marci Jenks on Electric Ladies Podcast We need infrastructure that's safe, strong, durable and climate resilient. To build our cities, roads, bridges and more, 30 billion tonnes of concrete is poured around the world every year. If concrete and cement were a country, it'd be the third largest emitting country behind the US and China! An innovative company tackling this challenge is Eco Material Technologies. Listen to Marcy Jenks, Director of Rail Logistics at Eco Material Technologies, who speaks to Joan about how green cement alternatives are making their way into major construction projects from Texas to Pennsylvania. You'll hear about: How Eco Material Technologies is disrupting traditional cement with its sustainable alternative. Ways that green cement reduces long-term costs. Eco Material Technologies' rail-focused logistics strategy that lowers carbon emissions. Expanding roles for women in the male-dominated construction and logistics industries. Plus, career advice for women in the construction and logistics industries.  “We need to continue to advocate for ourselves as women and for the women adjacent to us. There is a lot of opportunity for us to have our voices be heard, get a seat at the table, and our voices are critical. The unique insights that we bring, our perspectives and our kind of innate leadership and problem solving skills are key to this environmental and sustainability conversation in [the construction] industry and business.” Marci Jenks on Electric Ladies Podcast You'll also like: Joan Michelson's Forbes article on 5 Key Ways Climate Change And Economic Forces Are Redesigning Buildings. Deborah Lee James, 23rd Secretary of the U.S. Air Force, on good leadership traits in times of change. Lauren Sorkin, Co-founder and Executive Director, Resilient Cities Network, on how cities can withstand the shocks of climate change. Katie McGinty, Johnson Controls Chief Sustainability Officer, on why buildings are key to helping businesses address their carbon emissions. Anna Siefken, formerly from the Federal Energy Management Program at the U.S. Department of Energy, on plans to reduce the carbon footprint of federal buildings across the country. Erin McLaughlin, Senior Economist at The Conference Board explains why buildings are key to mitigating climate change.  Read more of Joan's Forbes articles here. More from Electric Ladies Podcast! JUST LAUNCHED: Join our global community at electric-ladies.mykajabi.com! For a limited time, be a member of the Electric Ladies Founders' Circle at an exclusive special rate.  Elevate your career with expert coaching and ESG advisory with Electric Ladies Podcast. Unlock new opportunities, gain confidence, and achieve your career goals with the right guidance. Subscribe to our newsletter to receive our podcasts, articles, events and career advice – and special coaching offers. Thanks for subscribing on Apple Podcasts, iHeart Radio and Spotify and leaving us a review! Don't forget to follow us on our socials Twitter: @joanmichelson LinkedIn: Electric Ladies Podcast with Joan Michelson Twitter: @joanmichelson Facebook: Green Connections Radio

Episode 546 - Dr. James R Gregory - Study Your Reader, Branding for Authors, action, adventure, and romanceWith 40 years of experience in advertising and branding, Jim is a leading expert on corporate brand management and is credited with developing strategies for measuring the power of brands and their impact on a corporation's financial performance. Most notable of the tools that Jim has developed is the CoreBrand Index (CBI), a quantitative research vehicle that continuously tracks the reputation and financial performance of over 800 publicly traded companies across 50 industries. Tenet Partners uses the CBI to help clients recognize how their brands compare with industry peers and how communications can impact corporate reputation and financial performance, which includes stock price and revenue growth.Dr. Gregory is a frequent speaker on the financial benefits of communications and brand management. Recent speaking engagements include The Conference Board, the Association of National Advertisers, and the National Investor Relations Institute.One of the key secrets to my success was my passion for writing. Over the next four decades, I wrote a series of business books that helped build not only our business brand but also my personal reputation. Some of the titles I crafted include “Marketing Corporate Image,” “Leveraging the Corporate Brand,” “Branding Across Borders,” “The Best of Branding,” and “Powerhouse, the Secrets of Corporate Branding.”After successfully exiting the business, I embarked on a new journey – writing fiction. I quickly discovered that my favorite genre was short reads in the form of novellas. Drawing upon my extensive business experiences, personal life, and current events, I craft stories that can be enjoyed in just one sitting, whether it's an evening at home or a cross-country flight.https://jamesrgregory-books.com/Support the show___https://livingthenextchapter.com/podcast produced by: https://truemediasolutions.ca/Coffee Refills are always appreciated, refill Dave's cup here, and thanks!https://buymeacoffee.com/truemediaca

STORIES MENTIONED:1. Sam's Club Launches Online Pizza Delivery

The Conference Board's Consumer Confidence Index for May was released on Tuesday; Kevin has the details, discusses the information and offers his insights and perspective. The U.S. Commerce Department released the April Durable Goods Orders report: Kevin sorts through the data, explains the information and puts it into perspective. Americas Commercial Transportation Research Company and the Freight Transportation Research Associates Transportation Intelligence reported their respective April Class 8 Truck Orders numbers; Kevin discusses the results. Wards Intelligence reported April Class 8 Truck Sales; Kevin has the details. Oil and gas prices react to strong gasoline demand over the Memorial Day holiday, Russia's increased missile and drone attacks on Ukraine, the German Chancellor's an escalation, encouraging Ukrainian attacks deep into Russia and OPEC+'s anticipated announcement of crude oil output hike later this week.

Stephanie Guichard joins Diane King Hall to discuss the latest consumer confidence data and what it means for the overall health of U.S. demand. She cites The Conference Board survey and the timing it was conducted, pointing to some recovery from last month's dip. However, she does highlight a downward trend and says consumers are 'less anxious' after the 90-day pause on China tariffs.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – / schwabnetwork Follow us on Facebook – / schwabnetwork Follow us on LinkedIn - / schwab-network About Schwab Network - https://schwabnetwork.com/about

The Conference Board's latest consumer confidence index notched its highest monthly increase in four years. To be clear, it was coming off a five-year low in April, but the jump still represents cooling trade war anxieties among American consumers. Also in this episode: The U.S. isn't the only country experiencing rising bond yields, durable goods orders fell in April and first-time home owners in Houston are saddled with climate-related cost burdens.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future. 

Watch The X22 Report On Video No videos found (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:17532056201798502,size:[0, 0],id:"ld-9437-3289"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");pt> Click On Picture To See Larger Picture The EU countries are realizing that they were headed down the the wrong path in regards to green energy, now they are reversing course. EU has now bent a knee to Trump and they will negotiate a trade deal. Countries around the world are making trade deals. Consumer sentiment is now rising and the window is now closing for the [DS]/[CB]. The [DS] is panicking because everyday that passes they lose more and more control. They have lost the funding, security clearances, the intelligence orgs and now the FBI has begun their investigation into the pipe bomber, SC leak and cocaine in the WH. Think logically, elections, judges and who was managing the WH. Pain. Majority of Americans say the US is on the right track.   Economy Energy Costs Now ‘Main Issue' For US Ally That Barred Nuclear Power Italian Prime Minister Giorgia Meloni said high energy costs are the most critical economic issue for her country  Italy has embraced green energy and enacted a ban on nuclear power that has lasted nearly 40 years, though the nation's Council of Ministers and Meloni have recently moved to reintroduce the technology, joining other European countries like Belgium, Denmark and Germany that are also reconsidering their turns away from nuclear power. Emanuele Orsini — the head of Italy's largest business lobby — called for Meloni to cut energy costs and pave the way for a return to nuclear energy at the annual assembly for Confindustria, where Meloni again acknowledged her country's energy problems, Reuters reported. “Our companies continue to suffer from an energy (price) surcharge of more than 35% over the European average, even reaching peaks of 80% when compared to the largest European countries,” Orsini said at the assembly, according to Reuters. Meloni has expressed support for expanding nuclear energy in Italy, as have other officials, including the Minister of Environment and Energy Security Gilberto Pichetto Fratin. Source: dailycaller.com   Trade with the United States of America. They will BOTH be very happy, and successful, if they do!!! (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:18510697282300316,size:[0, 0],id:"ld-8599-9832"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");  US Consumers Now More Optimistic, Ending 5 Straight Months Of Decline In Confidence Index U.S. consumer confidence bounced back in May ending five straight months of decline and beating economists' expectations. The Consumer Confidence Index increased by 12.3 points in May to 98.0, up from 85.7 in April, according to a report released Tuesday by The Conference Board. This notably marked the first increase in consumer confidence in five months. The Conference Board's Present Situation Index, which is based on consumers' outlook on current business and job market conditions, increased 4.8 points in May to 135.9. Meanwhile, the Expectations Index, which is based on consumers' short-term outlook for income, business and job market conditions, jumped 17.4 points to 72.8 in the same month. Source: dailycaller.com  Political/Rights Star Harvard Business Professor Who Studied Honesty Pays a Historic Price for a Faculty Member at School After Falsifying Her Findings on Multiple Studies   As The New York Post reported, Francesca Gino,

The Conference Board's latest consumer confidence index notched its highest monthly increase in four years. To be clear, it was coming off a five-year low in April, but the jump still represents cooling trade war anxieties among American consumers. Also in this episode: The U.S. isn't the only country experiencing rising bond yields, durable goods orders fell in April and first-time home owners in Houston are saddled with climate-related cost burdens.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future. 

The Conference Board's consumer confidence index dropped in June. That's after a brief reprive in May from a monthslong downward slide. Uncertainty surrounding the job market, tariffs, that GOP tax bill, trouble in the Middle East — what's not to be glum about? In this episode, we explain what could shift the mood. Plus: Soon-to-be college grads in China prepare for an unwelcoming job market, oil shipping prices grow even as oil prices fall, and Congress considers a new way to regulate crypto.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

The 5:5:5 Good Game of Stupid Edition: Normal/Trump/Funny (to me)Normal93% of U.S. Executives Desire Board Member ReplacementsIn a recent survey conducted by PwC and The Conference Board, a substantial majority of senior executives in the U.S. expressed a desire for changes within their company's board of directors.The study revealed that 93% of the 520 top managers surveyed want at least one board member replaced, marking a record high in the survey's five-year history.The findings highlight growing tensions between management and boards, as 32% of executives reported board members interfering in day-to-day operations, a significant increase from 16% the previous year.Concerns were also raised about directors' performance being hindered by age and overcommitment, with 56% and 47% of respondents citing these issues, respectively.Tejon shareholders vote in activist investor, remove longtime directorAndrew Dakos received 19,785,261 proxy votes in favor to 17,338,888 against, which allowed him to unseat 24-year director Michael Winer, who received 821,536 in favor and 2,974,871 againstNew Jersey activist group Bulldog InvestorsPhillip Goldstein (19,757,851/17,342,618); Chair (2015-) and Director (1998-) Norman Metcalfe (81) somehow reelected (19,807,311/3,547,606) Shell Faces Fresh Legal Challenge Over Development of New Oil and Gas FieldsDutch environmental group Milieudefensie said by developing new fields, the oil and gas giant is in breach of legal duties to cut carbon emissionsStarbucks doubles down on baristas, not AI, to fix its customer crunchElon Musk says he will spend ‘a lot less' on future campaign donationsElon Musk commits to leading Tesla for next five yearsTrumpTrump tells Walmart to 'eat the tariffs' instead of raising pricesLA Port shipments fell 30% in early May after Trump tariffsMeet the New York Times CEO: She's outmaneuvering tech, Trump, and an industry in crisisMeredith Kopit Levien: the youngest person and second woman to lead the institution in its 173-year history.Business owners with unfortunately named companies face fallout thanks to Trump's war on wokeDavid Markley called his business DEI. which stands for Design Engineering Inc., long before the Trump backlash took off.Another business named DEI is the restaurant supply company owned by Ricardo Gomez.Trump signs bipartisan Take It Down Act to fight ‘revenge porn' and deepfakesTrump said that under the law, “anyone who intentionally distributes explicit images without the subject's consent will face up to three years of prison.In addition, this law establishes new civil liabilities for online platforms that refuse to take these images down promptly upon request. We will not tolerate online sexual exploitation.”Funny (to me)Engineers Reveal Robot That Takes Care of Old People So You Don't Have toNetflix Faces Backlash From Conservatives After Picking Up Sesame Street: 'W Is for Woke'UBS deploys AI analyst clones UBS has started using artificial intelligence to turn its analysts into avatars, sending videos of the simulated bankers to clients in a move the lender said would free up staff to focus on more productive tasks.JPMorgan CEO Dimon Still Intends to Step Down in Next Few Years. ‘It's Up to the Board.' Henry Schein Appoints Dan Daniel to Board of DirectorsFirst name is actually Williamformer EVP of Danaher Corporation

Consumer confidence serves as a vital statistical measurethat reflects how consumers feel about both current and anticipated economicconditions. It acts as a key indicator of the overall health of the economy.Recent data has shown a troubling decline in consumer confidence, a trend thatcould have significant ramifications for entrepreneurs.  In April, the Conference Board's Consumer Confidence Indexplummeted to its lowest level in five years, a stark indication of shiftingsentiments among consumers. Adding to this concerning picture, a recent surveyfrom The Associated Press-NORC Center revealed that nearly half of Americansare apprehensive about the prospect of a recession, highlighting widespreadanxiety about the economic landscape. Colin Walsh, who has successfully built and sold beautycompanies valued over half a billion dollars—most notably the sale of OUAI toProcter & Gamble—has navigated numerous challenges associated with scalingbusinesses while striving to maintain balance and fulfillment. His extensiveexperiences have greatly shaped his strategic approach at Procter &Gamble's Specialty Beauty division and are also central to his innovative newventure, YayDay. In our recent conversation, Colin delved into varioustopics, including business leadership, the intricacies of entrepreneurship, andthe crucial timing for scaling a business. For more information:  please visit: https://www.myyayday.com/ à If you wish toconnect, with Colin  feel free to reachout via email at colin@myyayday.com or follow along on Instagram at@colin.j.walsh.

Another day, another crash; or crashes. Conference Board expectations plunged to their lowest level since 2011. Another Fed PMI plummets. Two-year Treasury yields hit their lows. All pointing to that Beveridge transition.Eurodollar University's Money & Macro AnalysisConference Board Consumer Confidence April 2025https://www.conference-board.org/topics/consumer-confidence/press/CCI-Apr-2025Atlanta Fed GDPNowhttps://www.atlantafed.org/cqer/research/gdpnowBloomberg Economists Say Trade War Makes US Recession Almost a Coin Fliphttps://www.bloomberg.com/news/features/2025-04-25/economists-say-trade-war-makes-us-recession-almost-a-coin-fliphttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

We’re tackling a “mysterious and important” question in today’s episode: Should Congress use “current policy” or “current law” baseline when measuring tax cuts? It’s not unlike our reporter’s internal struggle on whether to cancel Apple TV+ now that Season 2 of “Severance” has ended, or renew it. Except lawmakers are dealing with trillions of dollars. Plus: African immigrants fill critical home health aide roles in Texas, and The Conference Board’s Leading Economic Index falls for the third-straight month.