Podcasts about consumers

From hotels to fast food restaurants, more companies are luring consumers to sign up for loyalty programs in exchange for points, discounts and other deals. But according to two former FTC officials, loyalty programs have devolved into “data-harvesting machines” that track what we buy and even how much we're willing to pay. And the financial benefits tend to fall far short of the initial promise. We talk to Sam A.A. Levine and Stephanie Nguyen about how loyalty programs exploit consumers, how California is fighting back and how we can stay alert to the pitfalls. Their recent paper is called “The Loyalty Trap: How Loyalty Programs Hook Us with Deals, Hack Our Brains, and Hike Our Prices.” What consumer loyalty programs do you use, and have you ever felt used… by them? Guests: Samuel A.A. Levine, former director, Bureau of Consumer Protection, Federal Trade Commission - senior fellow, Center for Consumer Law & Economic Justice, UC Berkeley Law School Stephanie Nguyen, former chief technologist, Federal Trade Commission - senior fellow, Vanderbilt Policy Accelerator Learn more about your ad choices. Visit megaphone.fm/adchoices

Reports suggest around one-third of U.S. adults use continuous monitoring technology and health wearables…with trends showing persistent growth, especially among younger, educated, and higher-income individuals. And by providing 24/7/365, real-time data on physiological metrics like vital signs, glucose levels, and sleep patterns…continuous monitoring technology and health wearables are becoming increasingly powerful drivers of consumer behavior. And I believe this is super important, especially if you consider how more individuals began viewing themselves as consumers in the healthcare market compared to solely being patients. Also, with the help of continuous monitoring technology and health wearables…consumer healthcare has been evolving from a reactive, one-size-fits-all treatment approach to a distinctively proactive, personalized, and integrative data-led approach. Moreover, empowered by this "proactive health" mindset, consumers increasingly moving closer towards this four-way intersection of taste, convenience, nutrition, and functionality. Therefore, the most direct impact of continuous monitoring technology and health wearables is arguably the mainstreaming of the "food as medicine" philosophy. When consumers receive moment-by-moment feedback on how specific foods, beverages, and dietary supplements affect their bodies…they start demanding products tailored to their unique biological needs. But maybe the most significant example would be glycemic responses detected by continuous glucose monitors. In fact, whether boosted further by the recent FDA clearance for over-the-counter continuous glucose monitors and/or the rising usage of GLP-1 drugs for weight management…heightened interest in blood sugar management has also expanded beyond the diabetic community. Obviously, “war” had been waged on sugar a long time ago…but a “MAHA-influenced marketplace” has slightly shifted, with consumers being more comfortable with sweetness that has natural connotations. Either way, this signals a potentially powerful opportunity for packaged food and beverage companies to embrace diabetic-friendly products (for general wellness), as it's reasonable to imagine a similar adoption trajectory of gluten-free beyond those with celiac disease. Nonetheless, nearly 43% of consumers (today) associate healthy food with boosting performance, which means real-time data has increased demand for ingredients with measurable impacts, such as adaptogens for stress relief and nootropics for cognitive performance. Also, this influx of high-frequency biometric data can help shorten the product development cycle by providing functional CPG companies with "real-world evidence" that was previously unattainable. Next, these health technology wearables have opened a new engagement approach like how seeking to better reach the increasingly influential variations of the “wellness maxxing” internet community, marketers of functional CPG brands have begun showcasing wearable data in social storytelling to help prove product efficacy. While I totally understand the primary business cases involve premium positioning strategies…I'd bet that begins to change, as industry forward-thinkers recognize synthesizing this data into actionable low-cost, high-impact functional product solutions for broader populations is the REAL prize. Lastly, while continuous glucose monitoring revolutionized diabetes care…the same approach applied to inflammatory proteins could transform care for autoimmune diseases or other chronic diseases (i.e. cardiovascular health).

Eve gives an overview of current and future consumer trends where dairy can play a role. Functional foods, health and wellness, high protein foods, fermented and cultured foods, women's health, brain health, and aging are all part of the mix. (7:26)The panelists discuss the healthfulness of saturated fats, the resurgence of butter, milk's bioactive compounds, and how best to reach the public about the health benefits of dairy. (10:41)Eve talks about marketing to Gen Z consumers, who are motivated by novelty. How do we reimagine a food that's been here for thousands of years? What new ways can we talk about it? What ways can we optimize dairy science and research to show up in generative systems like ChatGPT? (20:34)The group then tackles the topic of lactose. Lactose and honey are the only two sugars not made by plants. Why is it lactose that is in the milk of mammals? Dr. Jiminez-Flores thinks lactose is a dark horse in dairy and we have much yet to discover about it. He notes that some milk oligosaccharides are not digested by babies, but are used by bacteria in the development of a healthy microbiome. Dr. Lucy notes that dairy also contains peptides that have been found to reduce hypertension. The group also delves into how dairy products can be part of preventative health care. (23:53)Do consumers perceive dairy products to be minimally processed? Eve explains that dairy is perceived as a clean, fresh food. Given the current trend to reduce additives and food dyes, she sees potential for dairy food science innovation in this area. Dr. Aldrich talks about the glycemic index of lactose-free milk. (38:13)The panelists agree that dairy has a great upcycling story to tell. Converting fiber into milk and meat and feeding non-human grade byproducts are just two examples. Eve notes that younger consumers care about sustainability, but there's a huge “say-do” gap: 76% of North American consumers identify as caring about conscious and sustainable practices, but less than 40% actually act on those values when making purchases. The panel also notes that whey is another great upcycling story. Dr. Jiminez-Flores emphasizes how important consumer trust in science and research is, and how we are currently experiencing a loss of that trust. (45:48)Panelists share their take-home thoughts. (1:01:01)Please subscribe and share with your industry friends to invite more people to join us at the Real Science Exchange virtual pub table.  If you want one of our Real Science Exchange t-shirts, screenshot your rating, review, or subscription, and email a picture to anh.marketing@balchem.com. Include your size and mailing address, and we'll mail you a shirt.

In this episode of the Leading Voices in Food podcast, Norbert Wilson of Duke University's Sanford School of Public Policy speaks with researchers Jean Adams from the University of Cambridge and Mike Essman from Duke's World Food Policy Center. They discuss the mandatory calorie labeling policy introduced in England in April 2022 for large food-away-from-home outlets. The conversation covers the study recently published in the British Medical Journal, exploring its results, strengths, limitations, and implications within the broader context of food labeling and public health policies. Key findings include a slight overall reduction in calorie content offered by food outlets, driven by the removal of higher-calorie items rather than reformulation. The discussion also touches on the potential impacts on different consumer groups, the challenges of policy enforcement, and how such policies could be improved to more effectively support public health goals. Interview Summary Now everyone knows eating out is just part of life. For many, it's a place to make connections, can be a guilty pleasure, and sometimes it's just an outright necessity for busy folks. But it is also linked to poor dietary quality, weight gain, and even obesity. For policymakers, the challenge is identifying what policy changes can help improve population health. Jean, let's begin with you. Can you tell our listeners about the UK's menu labeling intervention and what change did you hope to see? Jean - Yes, so this was a policy that was actually a really long time in coming and came in and out of favor with a number of different governments. So maybe over the last 10 years we've had various different suggestions to have voluntary and/or mandatory calorie labeling in the out-of-home sector. Eventually in April, 2022, we did have new mandatory regulations that came into a force that required large businesses just in England - so not across the whole of the UK, just in England - if they sold food and non-alcoholic drinks and they had to display the calories per portion of every item that they were selling. And then have alongside that somewhere on their menu, a statement that said that adults need around 2000 calories per day. The policy applied just to large businesses, and the definition of that was that those businesses have 250 or more employees, but the employees didn't all have to be involved in serving food and drinks. This might apply also to a large hotel chain who just have some bars or something in their hotels. And the food and drinks covered were things that were available for immediate consumption. Not prepackaged. And then there was also this proviso to allow high-end restaurants to be changing their menus regularly. So, it was only for things that were on the menu for at least 30 days. You mentioned that this policy or a menu labeling might have at least two potential modes of impacts. There's first this idea that providing calories or any sort of labeling on food can somehow provide information for consumers to make what we might hope would be better choices. Might help them choose lower calorie options or healthier options. And then the second potential impact is that businesses might also use the information to change what sort of foods they're serving. It might be that they didn't realize how many calories were in the foods and they're suddenly embarrassed about it. Or as soon as their customers realize, they start to put a little bit of pressure on, you know, we want something a little bit lower calorie. So, there's this potential mechanism that operates at the demand side of how consumers might make choices. And another one at the supply side of what might be available to consumers. And we knew from previous evaluations of these sorts of interventions that there was some evidence that both could occur. Generally, it seems to be that findings from other places and countries are maybe null to small. So, we were thinking that maybe we might see something similar in England. Thank you for sharing that background. I do have a question about the length of time it took to get this menu labeling law in place. Before we get into the results, do you have a sense of why did it take so long? Was it industry pushback? Was it just change of governments? Do you have a sense of that? Jean - Yes, so I think it's probably a bit of both. To begin with, it was first proposed as a voluntary measure actually by industry. So, we had this kind of big public-private partnership. What can industry do to support health? And that was one of the things they proposed. And then they didn't really do it very well. So, there was this idea that everybody would do it. And in fact, we found maybe only about 20% of outlets did it. And then definitely we have had government churn in the UK over the last five years or so. So, every new prime minister really came in and wanted to have their own obesity policy threw out the last one started over. And every policy needs consulted on with the public and then with industry. And that whole process just kind of got derailed over and over again. Thank you. That is really helpful to understand that development of the policy and why it took time. Industry regulated policy can be a tricky one to actually see the results that we would hope. You've already given us a sort of insight into what you thought the results may be from previous studies - null to relatively small. So, Mike, I want to turn to you. Can you tell us what came out of the data? Mike - Thank you, yes. So, we found a small overall drop in average calories offered per item. That amounts to a total of nine calories per item reduction in our post policy period relative to pre policy. And this is about a 2% reduction. It was statistically significant and we do in public health talk about how small effects can still have big impacts. So, I do want to sort of put that out there, but also recognize that it was a small overall drop in calories. And then what we did is we looked at how different food groups changed, and also how calories changed at different types of restaurants, whether it was fast food, restaurants, sit downs that we call pubs, bars, and inns. And then also other different types of takeaways like cafes and things like that where you might get a coffee or a cappuccino or something like that. What we found was driving the overall reduction in calories was a reduction in higher calorie items. So, as Jean mentioned at the outset, one of the things we were trying to identify in this analysis was whether we saw any evidence of reformulation. And we defined reformulation as whether specific products were reduced in their calories so that the same products were lower calories in the post period. We define that as reformulation. And that would be different from, say, a change in menu offering where you might identify a high calorie item and take it off the menu so that then the overall calories offered goes down on average. We found more evidence for the latter. Higher calorie items were removed. We separated into categories of removed items, items that were present in both periods, and new items added in the post period. There were higher calorie items in the removed group. The items that were present in both periods did not change. The new items were lower calorie items. What this says overall is this average reduction is driven by taking off high calorie items, adding some slightly lower calorie items. But we did not find evidence for reformulation, which is a crucial finding as well. We saw that the largest reductions occurred in burgers, beverages and a rather large mixed group called Mains. So, burgers reduced by 103 calories per item. That's pretty substantial. One of the reasons that's so large is that burgers, particularly if they're offered at a pub and might even come with fries or chips, as they say in the UK. And because they have such a high baseline calorie level, there's more opportunity to reduce. So, whether it's making it slightly smaller patty or reducing the cheese or something like that, that's where we saw larger reductions among the burgers. With beverages, typically, this involved the addition of lower calorie options, which is important if it gives an opportunity for lower calorie selections. And that was the main driver of reduction there. And then also we saw in Mains a reduction of 30 calories per item. A couple of the other things we wanted to identify is whether there was a change in the number of items that were considered over England's recommended calories per meal. The recommended calories per meal is 600 calories or less for lunch and dinner. And we saw no statistical change in that group. So overall, we do see a slight reduction in average calories. But this study did not examine changes in consumer behavior. I do want to just briefly touch on that because this was part of a larger evaluation. Another study that was published using customer surveys that was published in Nature Human Behavior found no change in the average calories purchased or consumed after the policy. This evaluation was looking at both the supply and the demand side changes as a result of this policy. Thanks, Mike and I've got lots of questions to follow up, but I'll try to control myself. The first one I'm interested to understand is you talk about the importance of the really calorie-heavy items being removed and the introduction of newer, lower calorie items. And you said that this is not a study of the demand, but I'm interested to know, do you have a sense that the higher calorie items may not have been high or top sellers. It could be easy for a restaurant to get rid of those. Do you have any sense of, you know, the types of items that were removed and of the consumer demand for those items? Mike - Yes. So, as I mentioned, given that the largest changes were occurring among burgers, we're sort of doing this triangulation attempt to examine all of the different potential impacts we can with the study tools we have. We did not see those changes reflected in consumer purchases. So, I think sticking with the evidence, the best thing we could say is that the most frequently purchased items were not the ones that were being pulled off of menus. I think that would be the closest to the evidence. Now, no study is perfect and we did in that customer survey examine the purchases and consumption of about 3000 individuals before and after the policy. It's relatively large, but certainly not fully comprehensive. But based on what we were able to find, it would seem that those reductions in large calorie items, it's probably fair to say, were sort of marginal choices. So, we see some reduction in calories at the margins. That's why the overall is down, but we don't see at the most commonly sold. I should also mention in response to that, a lot of times when we think about eating out of home, we often think about fast food. We did not see reductions in fast food chains at all, essentially. And so really the largest reductions we found were in what would be considered more sit-down dining establishment. For example, sit-down restaurants or even pubs, bars and ends was one of our other categories. We did see average reductions in those chains. The areas you kind of think about for people grabbing food quickly on the go, we did not see reductions there. And we think some of this is a function of the data itself, which is pubs, bars and inns, because they offer larger plates, there's a little bit more space for them to reduce. And so those are where we saw the reductions. But in what we might typically think is sort of the grab and go type of food, we did not see reductions in those items. And so when we did our customer surveys, we saw that those did not lead to reductions in calories consumed. Ahh, I see this and thank you for this. It sounds like the portfolio adjusted: getting rid of those heavy calorie items, adding more of the lower calorie items that may not have actually changed what consumers actually eat. Because the ones that they typically eat didn't change at all. And I would imagine from what you've said that large global brands may not have made many changes, but more local brands have more flexibility is my assumption of that. So that, that's really helpful to see. As you all looked at the literature, you had the knowledge that previous studies have found relatively small changes. Could you tell us about what this work looks like globally? There are other countries that have tried policy similar to this. What did you learn from those other countries about menu labeling? Jean - Well, I mean, I'm tempted to say that we maybe should have learned that this wasn't the sort of policy that we could expect to make a big change. To me one of the really attractive features of a labeling policy is it kind of reflects back those two mechanisms we've talked about - information and reformulation or changing menus. Because we can talk about it in those two different ways of changing the environment and also helping consumers make better choices, then it can be very attractive across the political landscape. And I suspect that that is one of the things that the UK or England learned. And that's reflected in the fact that it took a little while to get it over the line, but that lots of different governments came back to it. That it's attractive to people thinking about food and thinking about how we can support people to eat better in kind of a range of different ways. I think what we learned, like putting the literature all together, is this sort of policy might have some small effects. It's not going to be the thing that kind of changes the dial on diet related diseases. But that it might well be part of an integrated strategy of many different tools together. I think we can also learn from the literature on labeling in the grocery sector where there's been much more exploration of different types of labeling. Whether colors work, whether black stop signs are more effective. And that leads us to conclusions that these more interpretive labels can lead to bigger impacts and consumer choices than just a number, right? A number is quite difficult to make some sense of. And I think that there are some ways that we could think about optimizing the policy in England before kind of writing it off as not effective. Thank you. I think what you're saying is it worked, but it works maybe in the context of other policies, is that a fair assessment? Jean - Well, I mean, the summary of our findings, Mike's touched on quite a lot of it. We found that there was an increase in outlets adhering to the policy. That went from about 20% offered any labeling to about 80%. So, there were still some places that were not doing what they were expected to do. But there was big changes in actual labeling practice. People also told us that they noticed the labels more and they said that they used them much more than they were previously. Like there was some labeling before. We had some big increases in noticing and using. But it's... we found this no change in calories purchased or calories consumed. Which leads to kind of interesting questions. Okay, so what were they doing with it when they were using it? And maybe some people were using it to help them make lower calorie choices, but other people were trying to optimize calories for money spent? We saw these very small changes in the mean calorie of items available that Mike's described in lots of detail. And then we also did some work kind of exploring with restaurants, people who worked in the restaurant chains and also people responsible for enforcement, kind of exploring their experiences with the policy. And one of the big conclusions from that was that local government were tasked with enforcement, but they weren't provided with any additional resources to make that happen. And for various reasons, it essentially didn't happen. And we've seen that with a number of different policies in the food space in the UK. That there's this kind of presumption of compliance. Most people are doing it all right. We're not doing it a hundred percent and that's probably because it's not being checked and there's no sanction for not following the letter of the law. One of the reasons that local authorities are not doing enforcement, apart from that they don't have resources or additional resources for it, is that they have lots of other things to do in the food space, and they see those things as like higher risk. And so more important to do. One of those things is inspecting for hygiene, making sure that the going out is not poisonous or adulterated or anything like that. And you can absolutely understand that. These things that might cause acute sickness, or even death in the case of allergies, are much more important for them to be keeping an eye on than labeling. One of the other things that emerged through the process of implementation, and during our evaluation, was a big concern from communities with experience of eating disorders around kind of a greater focus on calorie counting. And lots of people recounting their experience that they just find that very difficult to be facing in a space where they're maybe not trying to think about their eating disorder or health. And then they're suddenly confronted with it. And when we've gone back and looked at the literature, there's just not very much literature on the impact of calorie labeling on people with eating disorders. And so we're a little bit uncertain still about whether that is a problem, but it's certainly perceived to be a problem. And lots of people find the policy difficult for that reason because they know someone in their family or one of their friends with an eating disorder. And they're very alert to that potential harm. I think this is a really important point to raise that the law, the menu labeling, could have differential effects on different consumers. I'm not versed in this literature on the triggering effects of seeing menu labeling for people with disordered eating. But then I'm also thinking about a different group of consumers. Consumers who are already struggling with obesity, and whether or not this policy is more effective for those individuals versus folks who are not. In the work that you all did, did you have any sense of are there heterogeneous effects of the labeling? Did different consumers respond differentially to seeing the menu label? Not just, for example, individuals maybe with disordered eating? Mike - In this work, we mostly focused on compliance, customer responses in terms of consumption and purchases, changes in menus, and customers reporting whether or not they increase noticing and using. When we looked at the heterogeneous effects, some of these questions are what led us to propose a new project where we interviewed people and tried to understand their responses to calorie labeling. And there we get a lot of heterogenous groups. In those studies, and this work has not actually been published, but should be in the new year, we found that there's a wide range of different types of responses to the policy. For example, there may be some people who recently started going to the gym and maybe they're trying to actually bulk up. And so, they'll actually choose higher calorie items. Conversely, there may be people who have a fitness routine or a dieting lifestyle that involves calorie tracking. And they might be using an app in order to enter the calories into that. And those people who are interested in calorie counting, they really loved the policy. They really wanted the policy. And it gave them a sense of control over their diet. And they felt comfortable and were really worried that if there was evidence that it wouldn't work, that would be taken away. Then you have a whole different group of people who are living with eating disorders who don't want to interact with those numbers when they are eating out of home. They would rather eat socially and not have to think about those challenges. There's really vast diversity in terms of the responses to the policy. And that does present a challenge. And I think what it also does is cause us just to question what is the intended mechanism of action of this policy? Because when the policy was implemented, there's an idea of a relatively narrow set of effects. If customers don't understand the number of calories that are in their items, you just provide them with the calories that are in those items, they will then make better choices as rational actors. But we know that eating out of home is far more complex. It's social. There are issues related to value for money. So maybe people want to make sure they're purchasing food that hasn't been so reduced in portions that now they don't get the value for money when they eat out. There are all sorts of body image related challenges when people may eat out. We didn't find a lot of evidence of this in our particular sample, but also in some of our consultation with the public in developing the interview, there's concern about judgment from peers when eating out. So, it's a very sensitive topic. Some of the implications of that are we do probably need more communication strategies that can come alongside these policies and sort of explain the intended mechanism impact to the public. We can't expect to simply add numbers to items and then expect that people are going to make the exact choices that are sort of in the best interest of public health. And that sort of brings us on to some potential alternative mechanisms of impact and other modes of labeling, and those sorts of things. Mike, this has been really helpful because you've also hinted at some of the ways that this policy as implemented, could have been improved. And I wonder, do you have any other thoughts to add to how to make a policy like this have a bigger impact. Mike - Absolutely. One of the things that was really helpful when Jean laid out her framing of the policy was there's multiple potential mechanisms of action. One of those is the potential reformulation in menu change. We talked about those results. Another intended mechanism of action is through consumer choice. So, if items have fewer calories on average, then that could reduce ultimately calories consumed. Or if people make choices of lower calorie items, that could also be a way to reduce the overall calories consumed. And I would say this calorie labeling policy, it is a step because the calories were not previously available. People did not know what they were eating. And if you provide that, that fulfills the duty of transparency by businesses. When we spoke to people who worked in enforcement, they did support the policy simply on the basis of transparency because it's important for people to understand what they're consuming. And so that's sort of a generally acceptable principle. However, if we want to actually have stronger population health impact, then we do need to have stronger mechanisms of action. One of the ways that can reduce calories consumed by the consumers, so the sort of demand side, would be some of the interpretive labels. Jean mentioned them earlier. There's now a growing body of evidence of across, particularly in Latin America. I would say some of the strongest evidence began in Chile, but also in Mexico and in other Latin American countries where they've put warning labels on items in order to reduce their consumption. These are typically related to packaged foods is where most of the work has been done. But in order to reduce consumer demand, what it does is rather than expecting people to be sort of doing math problems on the fly, as they go around and make their choices, you're actually just letting them know, well, by the way, this is an item that's very high in calories or saturated fat, or sodium or sugars. Or some combination of those. What that does is you've already helped make that decision for the consumers. You've at least let them know this item has a high level of nutrients of concern. And you can take that away. Conversely, if you have an item that's 487 calories, do you really know what you're going to do with that information? So that's one way to have stronger impact. The other way that that type of policy can have stronger impact is it sets clear thresholds for those warnings. And so, when you have clear thresholds for warnings, you can have a stronger mechanism for reformulation. And what companies may want to do is they may not want to display those warning labels, maybe because it's embarrassing. It makes their candy or whatever the unhealthy food look bad. Sort of an eyesore, which is the point. And what they'll do is they can reformulate those nutrients to lower levels so that they no longer qualify for that regulation. And so there are ways to essentially strengthen both of those mechanisms of action. Whereas when it's simply on the basis of transparency, then what that does is leave all of the decision making and work on the consumer. Mike, this is great because I've worked with colleagues like Gabby Fretes and Sean Cash and others on some menu labeling out of Chile. And we're currently doing some work within the center on food nutrition labels to see how different consumers are responding. There's a lot more work to be done in this space. And, of course, our colleagues at UNC (University of North Carolina-Chapel Hill) have also been doing this work. So, this work is really important because it tells us how it can help consumers make different choices, and how it can affect how companies behave. My final question to the two of you is simply, what would you like policymakers to learn from this study? Or maybe not just this study alone, but this body of work. What should they take away? Jean - Well, I think there's lots of information out there on how to do food labeling well, and we can certainly learn from that. And Mike talks about the work from South America particularly where they're helping people identify the least healthy products. And they're also providing messaging around what you should do with that - like choose a product with fewer of these black symbols. But I think even if labeling is optimized, it's not really going to solve our problem of dietary related diseases. And I think I always want policymakers to know, and I think many of them do understand this, that there is no one magic solution and we need to be thinking about labeling as part of a strategy that addresses marketing in its entirety, right? Companies are using all sorts of strategies to encourage us to buy products. We need to be thinking of all sorts of strategies to support people to buy different products and to eat better. And I think that focuses on things like rebalancing price, supporting people to afford healthier food, focusing advertising and price promotions on healthier products. And I also think we need to be looking even further upstream though, right? That we need to be thinking about the incentives that are driving companies to make and sell less healthy products. Because I don't think that they particularly want to be selling less healthy products or causing lots of illness. It's those products are helping them achieve their aims of creating profit and growth for their shareholders. And I think we need to find creative ways to support companies to experiment with healthier products that either help them simultaneously achieve those demands of profit or growth. Or somehow allow them to step away from those demands either for a short period or for a longer period. I think that that requires us to kind of relook at how we do business in economics in our countries. Mike? Yes, I think that was a really thorough answer by Jean. So, I'll just add a couple points. I think most fundamentally what we need to think about when we're doing policy making to improve diet is we need to always think about are we helping to make the healthier choice the easier choice? And what that means is we're not implementing policies that merely provide information that then require individuals to do the rest of the work. We need to have a food environment that includes healthier options that are easily accessible, but also affordable. That's one thing that's come through in quite a lot of the work we've done. There are a lot of concerns about the high cost of food. If people feel like the healthier choices are also affordable choices, that's one of many ways to support the easier choice. And I really just want to reiterate what Jean said in terms of the economics of unhealthy food. In many ways, these large multinational corporations are from their perspective, doing right by their shareholders by producing a profitable product. Now there are debates on whether or not that's a good thing, of course. There's quite a lot of evidence for the negative health impacts of ultra-processed (UPF) products, and those are getting a lot more attention these days and that's a good thing. What we do need to think about is why is it that UPFs are so widely consumed. In many ways they are optimized to be over consumed. They're optimized to be highly profitable. Because the ingredients that are involved in their production means that they can add a lot of salt, sugar, and fat. And what that does is lead to overconsumption. We need to think about that there's something fundamentally broken about this incentive structure. That is incentivizing businesses to sell unhealthy food products with these food additives that lead to over consumption, obesity, and the associated comorbidities. And if we can start to make a little progress and think creatively about how could we incentivize a different incentive structure. One where actually it would be in a food business's best interest to be much more innovative and bolder and produce healthier products for everyone. That's something that I think we will have to contend with because if we are thinking that we are only going to be able to restrict our way out of this, then that's very difficult. Because people still need to have healthy alternatives, and so we can't merely think about restricting. We also have to think about how do we promote access to healthier foods. This is great insight. I appreciate the phrasing of making the healthy choice the easy choice, and I also heard a version of this making the healthy choice the affordable choice. But it also seems like we need to find ways to make the healthy choice the profitable choice as well. Bios: Jean Adams is a Professor of Dietary Public Health and leads the Population Health Interventions Programme at the University of Cambridge MRC Epidemiology Unit. Adams trained in medicine before completing a PhD on socio-economic inequalities in health. This was followed by an MRC Health of the Population fellowship and an NIHR Career Development Fellowship both exploring influences on health behaviours and socio-economic inequalities in these. During these fellowships Jean was appointed Lecturer, then Senior Lecturer, in Public Health at Newcastle University. Jean moved to Cambridge University to join the MRC Epidemiology Unit and CEDAR in 2014 where she helped establish the Dietary Public Health group. She became Programme Leader in the newly formed Population Health Interventions programme in 2020, and was appointed Professor of Dietary Public Health in 2022. Mike Essman is a Research Scientist at Duke University's World Food Policy Center. His background is in evaluating nutrition and food policies aimed at improving diets and preventing cardiometabolic diseases. His work employs both quantitative and qualitative methods to explore drivers of dietary behavior, particularly ultra-processed food consumption, across diverse environments and countries. Mike earned his PhD in Nutrition Epidemiology from the University of North Carolina at Chapel Hill, where his research focused on evaluating the impacts of a sugary beverage tax in South Africa. He completed MSc degrees in Medical Anthropology and Global Health Science at the University of Oxford through a fellowship. Prior to joining Duke, he conducted research at the MRC Epidemiology Unit at the University of Cambridge, where he evaluated the impacts of calorie labeling policies in England and led a study examining public perceptions of ultra-processed foods.  

From the BBC World Service: "It's like I'm standing inside a cloud of dust and smoke," says BBC correspondent Devina Gupta of air quality in India's capital. Residents there have been urged to stay indoors, and new restrictions are affecting worker productivity and costing businesses. Then, a Hong Kong court has found media tycoon Jimmy Lai guilty of sedition. And later, retailers in the U.S. are hiring a record low number of seasonal employees.

From the BBC World Service: "It's like I'm standing inside a cloud of dust and smoke," says BBC correspondent Devina Gupta of air quality in India's capital. Residents there have been urged to stay indoors, and new restrictions are affecting worker productivity and costing businesses. Then, a Hong Kong court has found media tycoon Jimmy Lai guilty of sedition. And later, retailers in the U.S. are hiring a record low number of seasonal employees.

In an era where consumers gather inspiration everywhere else, branded eCommerce sites face an existential crisis: prove your utility or become irrelevant. This episode examines how consumer expectations have shifted toward "get me what I want, when and how I want it," with 58% finding returns the most frustrating aspect of online shopping. We dissect why guest checkout remains a universal pain point and how brands can differentiate through seamless utility rather than flashy features.The Foundational Basis Matters MostKey takeaways:eCommerce sites have evolved from discovery engines to confirmation engines—customers arrive with pre-baked decisions seeking reassurance, not persuasion.Speed, clarity, and consistency are the new table stakes. Flashy features mean nothing if your site is slow, your checkout is clunky, or your shipping policy is unclear.Personalization should be engagement-based, not identity-based. Customers want relevance without creepiness—focus on their behavior in the moment, not invasive tracking.AI is an enabler, not the answer. Use it to understand cross-platform touchpoints and customer frustrations, not as a magic bullet for conversion. [00:04:06] "By the time they land on your site, they have pretty much created an idea of who you are, of what you offer, of what your product is. It's more on the choice confirmation bias...they don't want to be challenged. They just want to be reassured that they made the right decision." – Felipe Pose[00:14:00] "The role of the website has become more about clarity and reassurance, and not about communicating everything that you are, everything that you do, everything that you provide." – Felipe Pose[00:20:33] "I think that is one of the most powerful insights that we have gathered from many reports...they don't want to be really over targeted. They don't want identity based personalization. It's more based on what I want in this moment. What do I need from you? It's personalization based on engagement." – Felipe Pose[00:29:11] "If you are playing like a Jenga game...if you don't have a really strong foundation, if you don't have a site that is working correctly, a site that has some really slow pages, you have an unclear shipping policy...those are the things that will end up moving the needle the more." – Felipe Pose[00:32:46] "It's all about being prepared for the future and really understanding. Do I have everything I need today to be prepared for that? Because if you are on a really slow platform, something that is not scalable, you will not have a good experience today, even more so in 2026." – Felipe PoseAssociated Links:Check out Future Commerce on YouTubeCheck out Future Commerce+ for exclusive content and save on merch and printSubscribe to Insiders and The Senses to read more about what we are witnessing in the commerce worldListen to our other episodes of Future CommerceHave any questions or comments about the show? Let us know on futurecommerce.com, or reach out to us on Twitter, Facebook, Instagram, or LinkedIn. We love hearing from our listeners! Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Your 60-second money minute. Today's topic: Consumers Hunt For Holiday Bargains Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Despite logging a record trade surplus, economic data for November showed China's domestic woes are deepening. Retail sales grew at their slowest pace in three years and investment slowed sharply, signalling that Chinese consumers and businesses are becoming increasingly cautious. Plus, Roomba maker iRobot has filed for bankruptcy after struggling with competition, debt, tariffs and Amazon's buyout offer later being called off. It's now being taken private by its main Chinese supplier. 

The New York Times Editorial Board published a piece on October 31, 2025, about a variety of indicators that should alarm everyone about the threat President Trump poses to our democracy.The first is Trump's effort to stifle dissent, something we haven't seen before with other presidents. The Associated Press has been denied access to the White House because the AP prefers the name “Gulf of Mexico” to the “Gulf of America.”To get access to the Pentagon, journalists have been told they must sign a pledge that limits their access to information. Even Fox refused to sign.Senator Mark Kelly, a retired Navy captain, has been threatened with court martial for stating publicly that service members are not obligated to obey unlawful orders.Trump has usurped Congress' right to tax by setting tariffs on just about everything. If you don't think tariffs are taxes, ask yourself who pays tariffs in the end. Consumers do. All the while, Congress stays quiet; our senators and representatives are more concerned about keeping office then speaking out against Trump and getting primaried.Same thing for Trump directing the military to sink boats that supposedly running drugs in the Caribbean. What's going on certainly looks like an act of war that only Congress can declare but, once again, Congress sits by and says nothing. Trump has turned the Department of Justice into his own personal law firm, something no former president ever did. And then there's the matter of misinformation and disinformation that comes from the White House, and Trump always changing the narrative to suit his needs. Trump has created a national police force of sorts—ICE agents—that conducts raids and wear masks and rounds up people without explanation simply because of skin color and accent. And there's more that is equally frightening. Listen to the conversation.

How do you make sense of an industry that is changing at a pace few predicted, especially with SIGNAL London still fresh in our minds and Twilio unveiling the next stage of its vision for customer engagement? That question sits at the heart of today's conversation with Peter Bell, VP of Marketing for EMEA at Twilio, who joined me to unpack what the past year has taught both companies and consumers about AI's role in shaping modern experiences. Peter begins by grounding everything in a single, striking shift. Only a year ago, AI-powered search barely registered in global traffic. Today it accounts for around a fifth of all searches. That leap signals a broader behavioral shift as consumers move instinctively toward conversational interfaces, which, in turn, leaves brands with a clear message. The clock has moved on. AI is no longer a nice-to-have. It is a direct response to how people now choose to discover, question, and buy. Our conversation turns to the gap between customer expectations and the experiences they receive. Peter discusses why brands often struggle to integrate channels, data, and AI coherently. He explains how first party data has become the anchor for any serious AI strategy, why generic public models cannot solve brand-specific tasks, and why the most successful teams start with simple, tightly scoped problems. A password reset may not sound glamorous, yet it is the kind of focused use case that teaches teams how to govern data, automate safely, and build confidence in the process. We also spend time on branded calling, RCS, and the evolution of voice. Peter breaks down what modern messaging now looks like and why trust sits at the center of every interaction. His explanation of Conversational Relay shows why natural voice exchanges finally feel within reach after years of frustration with rigid IVR systems. The thread running through all of this is clear. Consumers want speed and clarity, but they want reassurance too, and brands need to honor both sides of that equation. Later in the conversation, Peter makes one of the episode's most compelling points. Brand visibility has become harder, not easier, because much of the early research now occurs within AI tools. Buyers form opinions long before they speak with a sales rep. That shift explains why so many B2B companies are returning to high-impact brand channels, whether that is F1 sponsorships or other standout moments that keep them in the initial consideration set. We close with the topic that Peter believes will define the next stage of enterprise AI. Model Context Protocol. MCP has emerged as a quiet breakthrough, enabling LLMs to access data across CRM systems, files, and other software through a standard protocol. This removes one of the biggest blockers in AI projects: the practical challenge of connecting disparate data to a model built for a specific purpose. As Peter puts it, MCP gives companies a realistic way to make the special-purpose models that deliver reliable ROI. It is a wide-ranging conversation shaped by SIGNAL London's announcements, the evolving customer journey, and a year in which AI moved from curiosity to expectation. I would love to know what part stood out most to you. Are you seeing the same shifts Peter describes in your own business, and how are you preparing for the year ahead? Useful Links Interact with the Inside the Conversational AI Revolution report. Learn more about the Signal event Connect with Peter Bell, VP of Marketing for EMEA at Twilio. Tech Talks Daily is sponsored by Denodo

Consumers don't want more banking messages — they want relevance. And right now, most banks are wildly out of sync with what their communities actually need. Consumers want communication that reflects their neighborhood, life stage, and immediate financial needs — and broad, one-size-fits-all marketing isn't effective. Hyperlocal strategies are emerging as some of the most powerful ways to drive acquisition, strengthen relationships, and capture market share. In this episode of Banking Transformed, I talk with Fred Cadena, Head of Client Strategy at Vericast, about how real-time data, household insights, and neighborhood-level trends are changing the way banks compete. Fred explains why “relevance beats reach,” how new mover and life-event signals drive growth, and what it takes to activate hyperlocal marketing without adding complexity. If your institution is seeking affordable, data-driven strategies to boost growth in 2025, this conversation provides a clear roadmap — and questions long-standing assumptions about how banks engage with their communities. This episode of Banking Transformed is sponsored by Vericast Vericast's Hyperlocal Marketing solution is a fully managed, precision-engineered, data-driven approach to personalized digital advertising at the branch level enabling financial institutions to build stronger community connections, increase engagement and conversions, and optimize advertising spend for maximum impact. Vericast.com

Marley Kayden previews Costco (COST) earnings, noting that consumers are still willing to pay for memberships despite feeling the squeeze. “That's where they believe the deals are to be found; that's where they're spending.” She also covers how it is suing the U.S. government to recover tariff costs. Joe Tigay provides an example options trade.======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe 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

HEADLINES:• Khazna Expands into Saudi Arabia with 200MW AI Data Centre in Dammam• UAE Digital Dirham Launch Imminent, Central Bank Confirms Free Access for Consumers• DCT Abu Dhabi Unveils Streamlined Digital System for Holiday Home LicensingNewsletter: https://aug.us/4jqModrWhatsApp: https://aug.us/40FdYLUInstagram: https://aug.us/4ihltzQTiktok: https://aug.us/4lnV0D8Smashi Business Show (Mon-Friday): https://aug.us/3BTU2MY

WBZ NewsRadio’s Jim MacKay reports.See omnystudio.com/listener for privacy information.

Ekco, one of Europe's leading security-first managed service providers, has announced the results of new research which reveals that one-in-five (22%) consumers in Ireland are purchasing fewer items online because they fear cyberattacks. For the same reason, 19% say they have started to pay in-person, in cash, when they can. The research, commissioned by Ekco and carried out by Censuswide, surveyed 1,000 adults in the Republic of Ireland, exploring their attitudes to online spending as the volume of cyberattacks and scams continues to rise. It comes at a time when major fashion retailers are considering a return to the high street after declining footfall, exacerbated by the pandemic, drove both shoppers and retailers online. The research suggests that cyber fears could drive more to physical stores this festive season. Despite year-on-year growth in online spending, just 30% of those surveyed believe they know how to check if a retailer's website is safe or not. In fact, in the last 12 months, more than one-in-10 (14%) have entered their payment details on a fraudulent website, thinking it was legitimate, while 26% have found themselves on a fake website which was attempting to mirror a real one. Ekco's research suggests that the constant desire for convenience could be making consumers less focused on security. When offered, 31% opt to store payment details on websites to save time during the check-out process, and the same percentage have payment details stored on multiple websites. However, many consumers are unforgiving when retailers suffer a cyberattack. In the last 12 months, a quarter (25%) of consumers have avoided purchasing from, or using the services of, a retailer because it suffered a cyberattack. Two-thirds (66%) say they would stop shopping with a retailer permanently if their data was stolen in a breach, even if no money was taken. Conor Scolard, Director of Cyber Resilience at Ekco, said: "Our research shows that while consumers want a hassle-free shopping experience - with conveniences such as having their payment details stored - they are also concerned about the security of their information. It is vital that retailers have the robust infrastructure in place that enables them to assure customers that their data is safe, regardless of how they choose to pay: in-person in cash, or online (with or without stored card details). "As we have entered the busiest time of the year for shopping, retailers need to ensure that their systems can both stay onlineand protect customers' data from cyberattacks. Our research highlights that a cyberattack will not only have a negative impact on operations, but it can also cause lasting damage to a business's reputation. In addition, shoppers evidently lack confidence in identifying safe websites from compromised or fraudulent ones, which will undoubtedly lead to hesitation. The retail sector must consider this and its own role in providing convenience and confidence." See more stories here.

Salesforce, the world's #1 AI CRM, has unveiled its 2025 Cyber Week results (November 25-December 1), analysing shopping data from over 1.5 billion shoppers. This was another record-breaking shopping week, with overall industry global sales increasing 7% year over year (YOY) to €286billion, with Black Friday sales in Ireland increasing 19%. These results signal a strong consumer appetite for buying this holiday season despite increasing global prices, and they demonstrate AI and agents as fundamental accelerators for purchase and productivity in commerce. AI and agents deliver outsized impact on Cyber Week sales and service AI and agents were pivotal elements in shoppers' path to purchase, driving €57 billion in sales by delivering personalised, high-converting shopping experiences. Across Cyber Week, AI and agents influenced 20% of all global orders via personalised product recommendations and conversational customer service. Pandora, Shark Ninja, and Funko and other retailers who utilised Salesforce's Agentforce 360 and their own branded agents saw sales grow 32% faster than those without. Beyond purchases, AI agents efficiently managed the influx of inquiries to emerge as customer service heroes. Agentic customer service conversations grew 55% week over week. Crucially, the volume of agent actions - including updating delivery addresses and initiating returns - surged by 70% compared with the previous week, offsetting administrative loads for service teams and lowering operational costs. Salesforce powers Cyber Week with trust, scale, and AI agents The foundation of Cyber Week's success for global retailers was the trust and unified power of Agentforce 360. Brands drove profitable growth and scaled their operations, supported by Salesforce's 100% uptime the entire week, including Agentforce Commerce, which powered 61 million orders on digital storefronts. The scale extended across channels as retailers managed 76% more orders on the Order Management System (OMS) platform while Agentforce Marketing delivered personalised outreach by sending 56.3 billion marketing messages. On Black Friday, historically the largest day of the year for in-store shopping, Salesforce's Retail Point ofSale (POS) saw 96% YOY growth in order volumes. 2025 Cyber Week Industry Insights Cyber Week sets a new global record: Consumers demonstrated strong activity, continuing to spend throughout the week and driving healthy sales growth numbers for retailers. Black Friday drove €67 billion in global sales (up 6% YOY), up 19% in Ireland. . Black Friday also accounted for 31% of all in-store sales during Cyber Week, making it the largest in-store shopping day of the week. Meanwhile, Cyber Monday drove €45 billion in global online sales, which was up 15% in Ireland. Mobile shopping becomes the digital default: Mobile devices drove 70% of online orders both globally, and mobile wallets continued to grow as a top form of payment, used for 27% of all global orders. Meanwhile, social media is becoming a critical entry point for shoppers, driving 15% of all global digital traffic to retailers' sitesConsumer spending stays strong: The average selling price (ASP) across Cyber Week increased 6% YOY. But in the end, consumers were undeterred by these price hikes - Cyber Week order volumes still grew by 2% globally and 1% in the U.S. compared with last year. This signals that shoppers saw this time frame as the best week of the year to make purchases regardless of price hikes. "Irish shoppers with their well known eye for value continue to embrace Black Friday and Cyber Monday as a key moment in their Christmas shopping plans. This year's growth highlights the power that agentic AI can bring, with significant increases in predictive recommendations and conversion across the week. It shows the scale of the opportunity for Irish businesses of every size to adopt these new capabilities and deliver faster, smarter, and more personal experiences that meet rising custom...

   Who even knew T-Mobile still had 3500 employees at 119th and Nall in Overland Park at what used to be the Sprint Campus?  Well, the Royals now  controll it all and T-Mobile says the owners are not allowing T-Mobile to stay after their lease expires in 2029.  We all know what that means.    Trump's talking affordability as drivers line up around the country for really, really cheap gas.    The J6 bomber, Brian Cole Jr, is a bit of a gender twisted man as he spent hours and hours online as a "Brony."  You won't believe what this is.    Consumers complain Instacart is gouging them, I have a solution for them.    The Royals get a rare off season win in the draft lottery as the draw for position moved the team up 10 spots in the draft.  What a gift!   Philip Rivers is back as he signs on to the practice squad for the Colts.  Oregon's QB is threatening to not play in the college playoff first round game.  Big 12 commish  Brett Yormark blasts the AD at Notre Dame.  Troy Aikman cuts off UCLA and Bill Self names his MVP so far this season.   Our Final Final is what Amelia Earhart's mom thought happened to her daughter in 1937.

The Fed cut interest rates by 25 basis points today, putting the target federal funds rate in the range of 3.50% to 3.75%. The recent peak was 5.25% to 5.50% in July 2023.Additional cuts in the near term could be more difficult as the committee members were already divided on this decision to lower rates. More data indicating substantial weakness in the labor market and economy will likely be needed to sway future votes.Ahead of the vote, ADP estimated that employment in the private sector declined by 32,000 jobs in November and small businesses took the brunt of the losses. Yesterday's BLS report noted a slight uptick in layoffs in October, and multiple prominent companies announced terminations in November.Consumers hoped that the cuts by the Fed the last year-plus would instantly lead to significantly lower mortgage rates, but the declines have been more modest. The average 30-year fixed-rate mortgage was still 6.19% last week according to Freddie Mac, and it has not been below 6% since September 2022.Mortgage rates tend to more closely follow the 10-year Treasury's longer-term yield, which has remained elevated for a variety of reasons, including anticipated inflation impacts.Explore our webpage for more insights and resources:https://bit.ly/Radix_Website

Can major corporations truly do well by doing good?  Alexander Habib, VP of Sustainability Communications at L'Oréal, reveals how the €43.5 billion beauty giant has embedded environmental considerations into every aspect of operations over 25 years. Chair of the Personal Care Products Council's sustainability committee, Habib explains why L'Oréal discontinued their seemingly perfect Maybelline Green Edition mascara and what it taught them about consumer behavior. "Consumers like sustainability, but not necessarily as a benefit," he notes, describing how the company shifted from separate sustainable product lines to integrating eco-features throughout their core portfolio. The conversation explores L'Oréal's SPOT tool—now a design standard for every new product—and how the company achieved record 20% operating margins while pursuing ambitious 2030 sustainability goals.   Alexander Habib serves as VP of Sustainability Communications at L'Oréal, where he leads storytelling for the beauty giant's ambitious environmental transformation. With a career rooted in impact-driven work, Habib transitioned from New Jersey politics and campaigns to corporate communications, bringing policy expertise to sustainability advocacy. As chair of the Personal Care Products Council's sustainability committee, he helps scale sustainable practices across the beauty industry, from major corporations to small players. His work focuses on embedding environmental considerations into every aspect of business operations, from product design to market strategy, demonstrating how financial and environmental performance can be inextricably linked for long-term business resilience.   In This Episode:  (00:00) Alex's career journey from politics to sustainability communications  (08:18) Leading sustainability committee at Personal Care Products Council  (12:02) L'Oréal's 25-year sustainability commitment and age of adoption story  (17:23) Financial performance aligned with environmental impact and business resilience  (22:00) Closing remarks and Antenna Group information  Share with someone who would enjoy this topic, like and subscribe to hear all of our future episodes, send us your comments and guest suggestions!  About the show:  The Age of Adoption podcast explores the monumental transition from a period of social, economic, and environmental research and exploration – an Age of Innovation – to today's world in which companies across the economy are furiously deploying sustainable solutions – the Age of Adoption. Listen as our host, Keith Zakheim, CEO of Antenna Group, talks with experts from across the climate, energy, health, and real estate sectors to discuss what the transition means for business and society, and how corporates and startups can rise above competitors to lead in this new age.  This podcast is brought to you by Antenna Group, a global marketing and communications agency that partners with Fully Conscious brands — those with the courage to lead transformative change across Climate & Energy, Real Estate, Health, and beyond. Our clients include visionary corporations, startups, investors, and nonprofits who recognize that meaningful impact requires more than awareness; it demands bold action. In today's Age of Adoption, where every sector must incorporate sustainable solutions into foundational systems, we amplify brands standing at the forefront of change, shaping a better future for our planet and its people. To learn more, visit antennagroup.com.  Resources:  Alexander Habib LinkedIn: https://www.linkedin.com/in/alexhabib/  Antenna Group  Keith Zakheim LinkedIn  

Ring introduced an upgraded AI toolkit featuring facial recognition for quicker response times. Consumers appreciate the improved clarity and detection accuracy. Critics insist the company should offer more transparency about data retention.Get the top 40+ AI Models for $20 at AI Box: ⁠⁠https://aibox.aiAI Chat YouTube Channel: https://www.youtube.com/@JaedenSchaferJoin my AI Hustle Community: https://www.skool.com/aihustleSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Critics call it "carspreading". In the UK and across Europe, cars are steadily becoming longer, wider and heavier. Consumers clearly like them – a lot. Big cars are seen as practical, safe and stylish, and sales are growing. So, why are some cities determined to clamp down on them and are they right to do so?

Host: Darryl S. Chutka, M.D. Guest: Andrew R. Jagim, Ph.D. Nutritional supplements are very popular with our patients. They are supposed to provide benefits that may not be present in our typical diet. Vitamins and minerals are the most common supplements taken, followed closely by sports nutrition products such as protein powders and energy drinks. Consumers buy supplements because they're readily available, relatively low cost and they believe that supplements will help them achieve health benefits. Patients often assume that supplements are safe, yet some can cause significant health problems, especially when taken in higher doses. Some have the potential to interact with various prescription medications. Are there nutritional supplements our patients should be taking? Which ones are potentially harmful? How safe are these products and do supplements have any regulatory oversight? These are questions I'll be asking my guest, Andrew R. Jagim, Ph.D., Director of Sports Medicine Research at the Mayo Clinic as we discuss “Nutritional Supplements”. Connect with us and learn more here: https://ce.mayo.edu/online-education/content/mayo-clinic-podcasts 

Today Jesse sits down with David Martin, the mind behind the original Get Scene studio design and the technical wizard behind so many of your favorite projects. From producing for major YouTubers and Cam Newton to editing over 500 million views' worth of content, David brings a creator-first mindset that every actor needs to hear. This episode covers:

Brooks Miller is Executive Vice President of Creator Marketing at Edelman and United Entertainment Group. Prior, Brooks spent nearly 8 years at Twitter, where she helped build their creator marketing discipline from the ground up, partnering with creators and brands across every platform and every vertical. She started her career as an account manager agency-side at 72andSunny and Barrett Hofherr (formerly barrettSF). Her work has won at Cannes, the One Show, the Clios, the Shorty Awards and has been recognized in AdWeek and Adage. She lives in Brooklyn with her husband, son & perfect basset hound, Dirk Nowitzki.

Names can be deceptive when it comes to charitable organizations. What you think they do, they may not. Kiley Allan finds out about what to look for from Hannah Thompson-Weeman, President and CEO of Animal Agriculture Alliance. She says that animal rights extremist groups that oppose raising animals for food are seeing financial growth. The money they're bringing in is reaching $865 million. That is almost a 10% increase in one year. Funding comes from consumers lured in by sad animal commercials, as well as powerful private foundations. She says to responsibly donate - give directly to your animal shelter to make sure your gift is properly used. Wisconsin weather conditions are going to start to change this evening. Stu Muck says some will see snow, others a mix of freezing precipitation. It's the final wrap up with Helena Agri. Steve Bailie, branch manager for the Monroe location of Helena Agri talks with Pam Jahnke about the information generated from the harvest and how they're using it to make wise investments on inputs for 2026. Paid for by Helena Agri.UW-Madison Extension is creating a new 3-day short course for people interested in beekeeping. Pam Jahnke reports that the course will be Feb. 13-15 and cover everything from hive health to marketing of products. She also highlights a new report out from Dairy Farmers of Wisconsin that sharpens our vision of what consumers will be looking for in 2026. The research was conducted in cooperation with the Center for Dairy Research and shows the following cheese related trends. Consumers are looking for: #1 - Sustainability #2 - Health #3 - Texture #4 - Protein #5 - Authenticitywisconsindairy.org/cheesetrends It's a part of almost every day's activities. Buying something online. Even the most savvy shopper needs to exercise caution when it comes to those purchases. Michelle Reinen, Administrator of the Division of Trade and Consumer Protection tells him that in 2024 the FTC received over 380,000 fraud reports and Wisconsin had 5,000 of those shoppers. DATCP says that online shopping is the #1 source of consumer fraud complaints. Consumers should verify if a website or platform is safe by looking for "HTTPS" and a padlock icon. See omnystudio.com/listener for privacy information.

Welcome to Retail in America, Season 2, episode 1, with a special conversation sponsored by IBM. Brand loyalty isn't what it used to be — and today's consumers are proving just how quickly it can disappear. In this conversation, I sit down with IBM's Jane Cheung to unpack the latest findings from the IBM Global Consumer Research study and explore why trust has become the true competitive advantage.Consumers are still willing to choose the brands they believe in, even when prices rise — but the margin for error is shrinking fast. With AI playing a growing role in how people research, validate, and discover products, the expectations for transparency and consistency have never been higher.We dig into what this shift means for retail leaders: how loyalty must evolve, what today's “value equation” really looks like, and why advocacy is emerging as one of the most powerful signals in an AI-driven marketplace. This episode is a roadmap for any brand that wants to stay relevant — not just to people, but to the AI systems helping them shop.Takeaways:Loyalty is more fragile than ever — trust is now the differentiator.Data transparency matters: 83% of consumers have concerns about privacy and usage.25% of shoppers will still pay more for brands they truly trust.Advocacy is rising fast, with 47% of consumers recommending a new brand recently.AI is reshaping loyalty programs and how value is delivered.Strong data governance is essential for accurate, timely, and personalized engagement.Links referenced:Register to receive the full report here: https://www.ibm.com/account/reg/us-en/signup?formid=urx-54211Companies mentioned:IBM

In this 1814th episode of Toronto Mike'd, Mike dives deep into the history of Consumers Distributing with insider reports from Lorraine Somerfeld. We cover the store's history, reveal secrets, discuss the good, the bad, and the ugly, and explain why Consumers went the way of the dodo in 1996. And yes Virginia, we talk about that personal massager. Toronto Mike'd is proudly brought to you by Great Lakes Brewery, Palma Pasta, Ridley Funeral Home, Nick Ainis, RetroFestive.ca and RecycleMyElectronics.ca. If you would like to support the show, we do have partner opportunities available. Please email Toronto Mike at mike@torontomike.com.

Marketers work hard to manipulate your opinion of health and prosperity largely because of a man named Edward Bernays. Today, Paul shares a video about Edward Bernays, Sigmund Freud's nephew, who worked hard after WWII to sell products to American consumers through manipulation and psychology. Listen along to hear how Bernays' propaganda principles have shaped advertising and modern life in the United States for the last 80 years. Later in the episode, Paul shares that most of the companies and cryptocurrencies closely associated with President Trump are in a huge slump, which illustrates why you can't use politics to predict the future and make a profit.  Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.

In this episode of the Chuck ToddCast, Chuck examines the sweeping global and domestic implications of Trump’s increasingly personal, transactional approach to foreign policy. He breaks down how the administration has abandoned the post–Cold War order, embraced nationalist movements, sidelined democracy promotion, and even signaled security guarantees in exchange for favors — all while crafting a national security strategy full of dangerous gaps and warmly received by the Kremlin. Chuck then turns to the explosive revelations around Trump’s pattern of selling pardons for loyalty, spotlighting the Henry Cuellar episode as a case study in this mob-style political culture. The conversation also touches on Marjorie Taylor Greene’s recent media tirades and her emerging position as a potential “true MAGA” contender in 2028, before wrapping with a look at the historically low approval of all four congressional leaders and why a dramatic leadership reshuffling by 2029 wouldn’t be surprising. Then, Chuck sits down with Jared Bernstein — veteran economic adviser to both the Obama and Clinton administrations — for a sweeping, candid breakdown of the American economy, why the data and national mood feel so misaligned, and how technological change is reshaping the labor market. Bernstein explains how the White House approached economic tradeoffs, from inflation and tariffs to the stubborn low-hire, low-fire job market. He and Chuck dig into the uncertainty surrounding AI-driven job displacement, why Americans are more skeptical of AI than peers abroad, and how policymakers failed to build guardrails around the harms of social media. Bernstein argues that a federal jobs guarantee would be far more effective than universal basic income, and that political candidates will increasingly need to get tough on tech as the power of the “Magnificent Seven” distorts markets and discourages regulation. The conversation then turns to the structural failures of America’s healthcare system — from inelastic demand to weak cost controls — and why “Medicare for more” could be a practical starting point for reform. Bernstein outlines the entrenched inefficiencies of employer-based coverage, the rise of contract work, and the political salience but poor targeting of policies like “no tax on tips.” He also discusses the missed opportunity to protect the expanded child tax credit, the flaws in Trump’s proposed baby bond program, and the broader need for progressive taxation rather than philanthropy by billionaires. Finally, Chuck and Jared confront the realities of the national debt in an era of higher interest rates, the feasibility of reviving a robust child tax credit, and whether new supports — like credits for childcare or elder care — could help families navigate an affordability crisis that shows no sign of easing. Finally, Chuck hops into the ToddCast Time Machine to revisit the history of the United States relationship with China and the unintended consequences that came with it. He also answers listeners’ questions in the “Ask Chuck” segment and recaps the college football playoff selection. Get your wardrobe sorted and your gift list handled with Quince. Don't wait! Go to https://Quince.com/CHUCK for free shipping on your order and 365-day returns. Now available in Canada, too! Go to https://getsoul.com & enter code TODDCAST for 30% off your first order. Got injured in an accident? You could be one click away from a claim worth millions. Just visit https://www.forthepeople.com/TODDCAST to start your claim now with Morgan & Morgan without leaving your couch. Remember, it's free unless you win! Protect your family with life insurance from Ethos. Get up to $3 million in coverage in as little as 10 minutes at https://ethos.com/chuck. Application times may vary. Rates may vary. Timeline: (Timestamps may vary based on advertisements) 00:00 Chuck Todd’s introduction 05:00 Trump doesn’t want the U.S. to be the leader of the free world 06:15 Administration rejects post cold war world order 07:30 Foreign policy will be subjective based on Trump’s personal relationships 08:15 There is no more value judgement on who the US does business with 09:15 Administration is proving to be very anti-EU 10:00 Administration signals support for other nationalist movements 12:30 Trump has never believed U.S. should promote democracy 13:30 There are plenty of holes in the national security strategy 14:15 Qatari plane bribe led to NATO like security guarantee 15:30 American presidents should believe in democracy 16:45 Trump’s retreat from the world will create generational damage 17:45 The new security memo was loved by the Kremlin 18:30 Trump mad at Henry Cueller for not changing parties after pardon 19:15 Trump is clearly selling pardons in exchange for money or support 21:15 Trump’s primary complaint with Cueller was “lack of loyalty” 23:00 Trump seemingly thought pardon was in exchange for something 25:30 There should be far more outrage over the weekly sale of pardons 26:30 Marjorie Taylor-Greene blasts GOP lawmakers in 60 minutes interview 27:30 MTG believed the BS & is now finally realizing it’s BS 28:30 MTG could become the “true MAGA” candidate in 2028 29:00 All 4 congressional leaders are incredibly unpopular 30:30 Congressional GOP could use a leadership shakeup 31:15 Schumer & Jeffries are looking over their shoulders 33:15 It wouldn’t be surprising if all four leaders are gone by 2029 41:00 Jared Bernstein joins the Chuck ToddCast 41:30 Jared worked for both the Obama & Clinton administrations 43:15 Drafting economic policy that has the most upside, least downside 44:15 The economic data doesn’t match the vibe of the country 45:15 The Biden WH talked past the electorate but didn’t lie about economy 46:45 Biden thought the job market was most important economic indicator 49:30 Inflation has been stubborn, how long did you assume we’d have it? 51:15 Tariffs have contributed to about half a point of inflation 52:00 Inflation during Covid was a combo of low supply & high demand 53:45 Should the fed be focusing on inflation or the jobs market? 55:30 AI isn’t causing mass layoffs yet, but it has frozen hiring 56:30 We’re stuck in a low hire, low fire jobs market 57:45 Technology displaces the most workers during economic downturns 59:45 How can we avoid job displacement destruction from AI? 1:01:15 Americans are far more negative on AI than other western nations 1:02:30 Politicians failed to create guardrails for the harms of social media 1:03:15 We don’t know the extent of how AI will displace jobs 1:04:15 Government should offer a federal jobs guarantee for AI displaced jobs 1:05:30 Universal basic income pales in comparison to a jobs guarantee 1:07:15 Getting tough on tech will be critical to successful political candidates 1:08:30 Tech companies threaten regulators with exiting the country 1:09:30 Breaking up tech’s power has appeal on both sides of the aisle 1:10:00 Market cap of the magnificent 7 is 22 trillion dollars 1:12:00 The S&P 500 minus the magnificent 7 is basically flat 1:13:45 Non-profit hospital systems make more money than for profit ones 1:14:30 Leaving healthcare to the free market doesn’t work well & is expensive 1:15:15 Healthcare isn’t shoppable and demand is inelastic 1:16:45 The only healthcare solution from congress is subsidizing insurance 1:17:30 The ACA did a lot to control healthcare spending, but not enough 1:18:15 We have very few cost controls in our healthcare system 1:19:00 “Medicare for more” would be a great place to start fixing the system 1:20:15 Competition in the health insurance market has been insufficient 1:21:00 Health insurers don’t want to compete with government, will fight hard 1:22:00 Medicare won’t be free but considerably cheaper than private market 1:22:45 Will a shorter work week be realized in the age of AI? 1:23:45 Social welfare is too often correlated to GDP 1:24:30 A shorter work week isn’t feasible during an affordability crisis 1:26:15 Employer based healthcare system is deeply rooted, but inefficient 1:27:30 Companies have pivoted to contract work to avoid paying benefits 1:28:30 The salience of the “No Tax On Tips” policy 1:30:45 No tax on tips is poorly targeted and inefficient, but will be hard to repeal 1:31:30 Biden should have “died on the hill” protecting the child tax credit 1:33:30 Trump’s baby bond program is poorly targeted & exacerbates inequality 1:35:30 Government shouldn’t rely on philanthropy by billionaires & tax progressively 1:37:15 Raising the corporate tax was always a nonstarter in administration meetings 1:38:15 We’re at a dangerously unsustainable level of national debt 1:39:15 Higher interest rates are making the debt much harder to sustain 1:40:00 A child tax credit is feasible, but needs a pay for 1:41:00 The childcare industry is very responsive to demand 1:41:45 Could we see a “home care” credit for both kids or seniors 1:45:45 ToddCast Time Machine December 1978, 2001, 2025 1:46:30 Jimmy Carter announce normalization of relations with China 1:47:30 Kissinger praised bringing Beijing closer, Goldwater was furious 1:48:15 Business community was ecstatic 1:49:30 In 2001, China joins the WTO: hinge moment of globalization 1:50:30 Democrats & Republicans agreed on China in 2001 1:52:15 Consumers & business loved cheaper good from China 1:53:00 Bush & Gore both had the same view of China 1:53:45 Populists warned of job losses and economic pain 1:54:30 What if US had blocked China’s entry to the WTO? 1:56:15 China is now viewed as a permanent strategic rival 1:57:30 US made a bet they could promote reform in Beijing and failed 1:58:15 Bets on China reshaped the U.S. more than China 1:59:00 Ask Chuck 1:59:15 Why don’t national democrats want to be in Iowa? 2:02:15 How did Obama hurt the DNC beyond endorsing Hillary? 2:06:30 Which member of each branch would be better in another branch? 2:12:00 Could lack of a primary in 2024 lead to broader election reforms? 2:14:30 College football roundupSee omnystudio.com/listener for privacy information.

In this episode of the Chuck ToddCast, Chuck examines the sweeping global and domestic implications of Trump’s increasingly personal, transactional approach to foreign policy. He breaks down how the administration has abandoned the post–Cold War order, embraced nationalist movements, sidelined democracy promotion, and even signaled security guarantees in exchange for favors — all while crafting a national security strategy full of dangerous gaps and warmly received by the Kremlin. Chuck then turns to the explosive revelations around Trump’s pattern of selling pardons for loyalty, spotlighting the Henry Cuellar episode as a case study in this mob-style political culture. The conversation also touches on Marjorie Taylor Greene’s recent media tirades and her emerging position as a potential “true MAGA” contender in 2028, before wrapping with a look at the historically low approval of all four congressional leaders and why a dramatic leadership reshuffling by 2029 wouldn’t be surprising. Finally, Chuck hops into the ToddCast Time Machine to revisit the history of the United States relationship with China and the unintended consequences that came with it. He also answers listeners’ questions in the “Ask Chuck” segment and recaps the college football playoff selection. Get your wardrobe sorted and your gift list handled with Quince. Don't wait! Go to https://Quince.com/CHUCK for free shipping on your order and 365-day returns. Now available in Canada, too! Go to https://getsoul.com & enter code TODDCAST for 30% off your first order. Got injured in an accident? You could be one click away from a claim worth millions. Just visit https://www.forthepeople.com/TODDCAST to start your claim now with Morgan & Morgan without leaving your couch. Remember, it's free unless you win! Protect your family with life insurance from Ethos. Get up to $3 million in coverage in as little as 10 minutes at https://ethos.com/chuck. Application times may vary. Rates may vary. Timeline: (Timestamps may vary based on advertisements) 00:00 Chuck Todd’s introduction 04:00 Trump doesn’t want the U.S. to be the leader of the free world 05:15 Administration rejects post cold war world order 06:30 Foreign policy will be subjective based on Trump’s personal relationships 07:15 There is no more value judgement on who the US does business with 08:15 Administration is proving to be very anti-EU 09:00 Administration signals support for other nationalist movements 11:30 Trump has never believed U.S. should promote democracy 12:30 There are plenty of holes in the national security strategy 13:15 Qatari plane bribe led to NATO like security guarantee 14:30 American presidents should believe in democracy 15:45 Trump’s retreat from the world will create generational damage 16:45 The new security memo was loved by the Kremlin 17:30 Trump mad at Henry Cueller for not changing parties after pardon 18:15 Trump is clearly selling pardons in exchange for money or support 20:15 Trump’s primary complaint with Cueller was “lack of loyalty” 22:00 Trump seemingly thought pardon was in exchange for something 24:30 There should be far more outrage over the weekly sale of pardons 25:30 Marjorie Taylor-Greene blasts GOP lawmakers in 60 minutes interview 26:30 MTG believed the BS & is now finally realizing it’s BS 27:30 MTG could become the “true MAGA” candidate in 2028 28:00 All 4 congressional leaders are incredibly unpopular 29:30 Congressional GOP could use a leadership shakeup 30:15 Schumer & Jeffries are looking over their shoulders 32:15 It wouldn’t be surprising if all four leaders are gone by 2029 38:45 ToddCast Time Machine December 1978, 2001, 2025 39:30 Jimmy Carter announce normalization of relations with China 40:30 Kissinger praised bringing Beijing closer, Goldwater was furious 41:15 Business community was ecstatic 42:30 In 2001, China joins the WTO: hinge moment of globalization 43:30 Democrats & Republicans agreed on China in 2001 45:15 Consumers & business loved cheaper good from China 46:00 Bush & Gore both had the same view of China 46:45 Populists warned of job losses and economic pain 47:30 What if US had blocked China’s entry to the WTO? 49:15 China is now viewed as a permanent strategic rival 50:30 US made a bet they could promote reform in Beijing and failed 51:15 Bets on China reshaped the U.S. more than China 52:00 Ask Chuck 52:15 Why don’t national democrats want to be in Iowa? 55:15 How did Obama hurt the DNC beyond endorsing Hillary? 59:30 Which member of each branch would be better in another branch? 1:05:00 Could lack of a primary in 2024 lead to broader election reforms? 1:07:30 College football roundupSee omnystudio.com/listener for privacy information.

Hi everyone, Carl Gould here with your #70secondCEO. Just a little over a one minute investment every day for a lifetime of results.   Service provider, what, in addition to giving the money back, take 50% of the contract, whatever they paid you and agree to pay them that so they could put it towards a new supplier or a new coach or a new consultant because you wasted their time. If you were in a hotel and you have a bad night or restaurant and a bad meal, don't give them all their money back and then give them enough money to go to your competitor. That's a risk reversal. Okay. So it's not just, Oh, it's free. Well, that's convenient for you, the provider, like, Oh, just give them their money back. Let's get the hell out of here. We're never going to get that one. Right. And it shows. So we live in the world of risk reversal. So just be aware of that. Consumers are smart, right? And they can sniff this stuff out. But if you're willing to do a risk reversal, you know, again, people will say, wow. Right. I can't believe you're willing to agree to that. So yeah. To do what? Software. Is everyone hearing this question? Cause this is the perfect question. Keep going. Okay. Yeah. I'm just curious. What kind of software do you have? It's an all in one software to help businesses find digital margins. Okay. So it's a digital. Okay. Got it. Like and follow this podcast so you can learn more. My name is Carl Gould and this has been your #70secondCEO.  

What are supermarkets and consumer brands saying about shoppers? And which companies are getting a boost from higher-income customers? Plus, who are the winners and losers after Netflix's biggest acquisition? Host Francesca Fontana discusses the biggest stock moves of the week and the news that drove them. Sign up for the WSJ's free Markets A.M. newsletter.  Learn more about your ad choices. Visit megaphone.fm/adchoices

What are supermarkets and consumer brands saying about shoppers? And which companies are getting a boost from higher-income customers? Plus, who are the winners and losers after Netflix's biggest acquisition? Host Francesca Fontana discusses the biggest stock moves of the week and the news that drove them. Sign up for the WSJ's free Markets A.M. newsletter.  Learn more about your ad choices. Visit megaphone.fm/adchoices

#666: In this First Friday economic update, we explore the paradox defining our current economy: record-breaking retail numbers alongside plummeting consumer confidence. In this First Friday economic update, we explore the paradox defining our current economy: we're spending more than ever, while feeling worse about money than we have in years. The Bureau of Labor Statistics hasn't released jobs data for two consecutive months. The Federal Reserve must make a critical interest rate decision flying blind. Meanwhile, private sector data reveals troubling trends. Small businesses are hemorrhaging jobs while discount chains like Dollar General see their stock prices soar 44%. Americans are spending differently this holiday season. They're shopping earlier, using AI to find deals, and turning to buy-now-pay-later options. Households are spending less than last year, yet total spending increases because more people are participating. This K-shaped recovery benefits luxury retailers and bargain stores while crushing the middle market. We also cover essential year-end financial moves. From maximizing retirement contributions to tax-loss harvesting strategies, we help you navigate your personal finances amid economic uncertainty. The disconnect between what the numbers say – and how people feel – reveals deeper truths about an economy that's technically growing while leaving many behind. Timestamps: Note: Timestamps will vary on individual listening devices based on dynamic advertising run times. The provided timestamps are approximate and may be several minutes off due to changing ad lengths. (0:00) Spotify Wrapped and podcast listener data (2:05) Jobs report missing, BLS delays (5:01) ADP shows 32,000 job losses (8:00) Youth unemployment over 10% (10:32) Fed meeting without data (12:24) Mortgage rates might drop below 6% (20:06) Holiday spending hits $1 trillion (23:43) Consumers spend less individually (26:36) Discount stores outperform market (28:29) Shopping starts in October now (30:22) AI helps holiday shopping (36:09) Giving Tuesday up 11% (38:28) Year-end money moves (45:00) Charity and gift tax limits Learn more about your ad choices. Visit podcastchoices.com/adchoices

Michigan State Rep. Jerry Neyer (MI-92) joins The Steve Gruber Show to break down the growing backlash over the Campbell's Soup lab-grown meat controversy, and why it's becoming a defining issue for consumer transparency. Neyer explains how the incident highlights a bigger problem: major food companies quietly experimenting with or endorsing lab-grown alternatives while everyday shoppers remain in the dark. He makes the case for clear, mandatory labeling, arguing that Michigan families deserve to know exactly what they're buying and feeding their kids. From food safety to farming integrity to the future of American agriculture, Neyer lays out why this debate isn't going away, and why lawmakers must step in before the marketplace turns into a guessing game.

Eddie Yoon says consumers are on “borrowed time” as credit balances rise. Inflation is making people feel “poorer” since 2021 despite wage gains: “people are still scared.” He says “the first domino” is the shift from single-family households to multi-generational housing as young people or grandparents move in with family or find roommates. He argues that the birth rate will struggle, which will in turn touch off difficulties with kid-based industries. On the other hand, he expects pet care and elder healthcare to thrive.======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe 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

Live from the Morgan Stanley Global Consumer & Retail Conference in New York, our analysts discuss the latest macro trends and pressures impacting the U.S. consumer.Read more insights from Morgan Stanley.----- Transcript -----Michelle Weaver: Welcome to Thoughts on the Market. We're coming to you live from Morgan Stanley's Global Consumer and Retail Conference in New York City, where we have more than 120 leading companies in attendance. Today's episode is the first in a two-part special focused on the consumer where we'll focus on the K economy and the health of the U.S. Consumer. Tomorrow for the next episode, we'll turn our attention to AI. My colleagues and I are eager to dig into this discussion. With me on stage, we have Arunima Sinha from the Global and U.S. Economics team, Simeon Guttman, our U.S. Hardlines, Broad Lines, and Food Retail Analyst, and Megan Clap, U.S. Food Producers and Leisure Analyst.It's Thursday, December 4th at 10:00 AM in New York. So, to start, I want to go through the health of the consumer. That's of course been a theme that's been on display at the conference today. And 2025 has really been a year of mixed signals. But overall spending has held up while inflation has weighed on confidence, especially among lower- and middle-income households. Arunima, I want to start with you on the macro front as we head into year end. How would you describe the overall state of the consumer? What are you expecting in terms of real wage growth and spending? Arunima Sinha: If we'll just look at the rearview mirror in terms of Q1 through Q3, this year spending growth on a real basis has been holding up. So, in the first half of this year, about 1.5 percent on average. For the third quarter, given the data that we do now have in hand, we're tracking about 3 percent, quarter-on-quarter, on a real basis. But I think it is important to emphasize that this is already a step down than the numbers that we were seeing last year. So, in 2024 on these Q-on-Q numbers, we were running somewhere between 3.9-4 percent. So there already has been some slowdown. The recurring theme that we've had this year is how are the drivers of consumption going to weigh on different cohorts? And so, how is the labor market going away and how are wealth effects going to play out? And that, sort of, tied in squarely with the narrative that we've been emphasizing this whole year, which is that for the upper income cohorts, those net wealth effects have been very, very supportive. $50 trillion in net wealth that's been created just over the last three years. And that has continued for this year as well. And so, meanwhile the labor market has downshifted and that's had a read through into both just nominal wage growth as well as real wage growth. So, for example, on a three-month, three-month basis, that real wage growth, after we've adjusted for the nominal for inflation, has slowed down essentially to stall speed. It used to run, somewhere between 2-2.5 percent, in the first part of this year. And that we think is going to have a read through as we go into this upcoming quarter of Q4, as well as in the first quarter of next year. So just this lagged effect from the slowdown on labor market income is going to weigh; continue to weigh on the middle-income and sort of the upper-, lower- part of the income cohort. So, in terms of our growth forecasts for spending, over this quarter in Q4 and over next quarter in Q1, we are expecting about 1 percent real growth for consumption. That is a two-percentage point step down from where we were in Q3. And then just in terms of disposable income, we're also thinking this particular quarter in Q4 is going to be fairly weak. Michelle Weaver: You spoke a little bit about the different income cohorts there, but I want to double click on that. The K economy has been a really persistent theme as higher income households have benefited from strong market returns. But higher price levels have weighed on lower-income households. What are your expectations for the high versus low-income consumer next year? Arunima Sinha: So next year, we do think that there could be some broadening out in consumption growth. Just overall we have a sequential step up in growth that begins to take place, starting in the second quarter of [20]26. So, we have consumption growth that starts to slowly inch up from about just under 1 percent in the first quarter of [20]26 – all the way up to about 2 percent by the end of the year. What that's going to be driven by, we think that there are going to be some lessening of pressures on the middle-income cohorts. And where is that going to come from? It's going to come from perhaps a still moderate labor market. So, we're not – we don't think we're going to be seeing these big 100,000-150,000 plus jobs being added every month. We're thinking maybe about 60,000 on average per month, for most of next year. But just less policy uncertainty, some boost from the fiscal bill, the fact that monetary policy is going to be heading towards neutral. All of those things should be supportive. Given that the upper-income didn't really slow down this year, we'd also don't think there's going to be a giant acceleration next year. And so, some of that uptick in consumption growth, we think could actually come from the middle-income. And we also think that some of those tariff pressures on inflation are going to start to dissipate after peaking in the first quarter next year. Michelle Weaver: And Simeon, I want to bring the company side into the conversation. What's the early read you've gotten on Black Friday? Expectations into the shopping season were pretty weak. Do you think things could turn out to be better than feared? And are you seeing any differences by income cohort there? Simeon Gutman: The overall take is, it's mixed – to maybe slightly a little worse. I'll answer it in a few different ways. First, the old-fashioned tire kicking that the retail analysts have done during the holiday season. In our hard line, broad line, food retail space mixed to slightly a little worse. In Alex Straton's softline world sounded a little bit better. And then if we combine the takeaways that we've had from companies, at least who presented yesterday, Walmart, Target and some other category killer retailers, it sounded about inline. Underlying trend is relatively stable.I sat on a panel earlier today, with a data aggregator who suggested that the holiday was a little underwhelming. What we don't see; and the underwhelming being at a minus 2 percent run rate for the – I guess, the November to date period, that doesn't include Cyber Monday. What this doesn't account for is the market share shifts. So, one of the ongoing themes across the entire retail landscape has been this big, getting bigger – we say it a lot – but the narrowing funnel of market share. So, the inline updates are probably coming from some of the largest companies, even if the overall holiday was a little underwhelming. Now inline is not anything to write home about. It's harder to get to an inline holiday if you started out below. So inline's okay but not gangbusters. That's probably the right way to characterize it. Michelle Weaver: Megan, same question to you. How is holiday shopping tracking in your space? Have you learned anything surprising about holiday during the conference? Megan Clap: Yeah, I would agree with Simeon relatively inline. I'd say kind of so far so good is what we heard from companies at the conference. We had both Mattel and Shark Ninja product companies that sell into many of the larger retailers that are winning that – that Simeon talked about.Holiday matters a lot for both of them. So, we're still many weeks ahead of us in terms of POS, but Mattel talked about positive POS continuing through the Black Friday season. They left their guidance unchanged today. They're seeing replenishment from their retailers and orders in line with expectations, which was a question just given some of the uncertainty in the landscape. Shark Ninja sells small appliances. They spoke to a strong Black Friday – again, seeing the fourth quarter and holiday play out in line with their expectations. Maybe a couple themes that stood out and one of them was particularly interesting to me. You talked about the K economy, I think, you know, it was very clear the higher end consumer continues to spend and outperform. Value and innovation continue to be things that consumers are looking for. Online seem to do better than in stores. That's what we heard from a lot of companies coming out of last week. And then newer channels like TikTok Shop are coming into the mix and, and brands are seeing, you know, strong growth from those channels as well. Michelle Weaver: And Arunima, I want to wrap this section on Fed policy. How do you expect Fed policy in 2026 to influence consumer spending and recovery, especially for those middle- and lower-income households? Arunima Sinha: We still have the Fed on an easing path into the first half of 2026. So we think 75 basis points and additional policy cuts into next year. But that more or less just takes monetary policy to some estimate of neutral. So, the point is that it's not monetary policy's becoming easier, it is simply just getting too neutral. And so, if we think about the most interest sensitive types of consumption, it's going to come from Housing and it's going to come from Durables. And what our housing strategists are thinking is that given this sort of front end of the curve, our tenure forecast for the middle of next year is still at about 3.75. And so, mortgage rates could dip below 6 percent. So, it's not the front end of the curve. It is that sort of belly of the curve there that's important there. And so there could be some pickup in housing that's going to be important. I think for the middle-income consumer affordability, we think it's still going to be an important concern for housing, but perhaps the middle-income could benefit from some of those lower mortgage rates that are going to come in. Michelle Weaver: ​ Arunima, Simeon, and Megan, thanks for all your insights. And to our live and podcast audiences, thanks 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.

Consumers today aren't just buying products — they're buying alignment, transparency, cultural fluency, and trust. And trust has officially become one of the most powerful growth marketing levers a brand can pull. In this episode, Sonia Thompson — inclusive growth and customer experience strategist — breaks down what three real-world stories from LinkedIn, Disney, and Ralph Lauren reveal about the new rules of brand–consumer trust and how they directly impact growth, loyalty, and long-term revenue. From algorithmic bias to cultural accuracy to identity-centered storytelling, these case studies show exactly why frictionless, values-led, inclusive marketing isn't optional anymore — it's a competitive advantage. You'll learn: Why trust is now a core growth metric and a deciding factor in customer acquisition and loyalty How Disney's Moana backlash demonstrates the business impact of cultural accuracy and responsible creative decisions What Ralph Lauren's evolution teaches us about identity-driven brand building and long-term growth Why LinkedIn's algorithmic bias debate highlights the rising expectations around responsible AI and inclusive design How representation, transparency, and cultural fluency shape modern customer experience The specific behaviors today's consumers reward — and the ones that create friction, backlash, and brand erosion If you want to build a frictionless growth engine that resonates with today's identity-led, culturally connected consumers, this episode gives you the clarity and direction you need for 2026 and beyond. The LinkedIn post and article referenced from LinkedIn staff - https://www.linkedin.com/posts/sakshirjain_putting-members-first-testing-and-measuring-activity-7397384012421451776-M7A8/?utm_source=share&utm_medium=member_desktop&rcm=ACoAAADoGrYBxCncTQK1uoD5k0MgXOrx3330CMI

Pete Turek — a TransUnion® SVP responsible for overseeing relationships with more than 120 of the nation's leading financial institutions — join Josh and Craig this month to unpack insights from the latest Consumer Industry Insights Report. The discussion highlights a “K-shaped” dynamic in lending, with strong growth at both ends of the credit spectrum, record personal loan originations and Gen Z's rising influence. The conversation also covers tighter credit lines, longer auto loan terms, delinquency trends across products and the impact of the recent government shutdown. Looking ahead, the group examines how tax season, student loan offsets and macroeconomic factors could shape consumer credit performance in early 2026. For lenders and risk professionals, this episode offers a clear, data-driven view of where consumer credit stands — and what's next. The information discussed in this podcast constitutes the opinion of TransUnion, and TransUnion shall have no liablity for any actions taken based upon the content of this podcast.

Vivek Pandya of Adobe Digital Insights spotlights Cyber Monday shopping. “Consumers are still very much prioritizing these days to get the best deals,” he says. Momentum is more in “the direction of Black Friday” as they still have the latitude to decide when the best time to buy is, he adds. Vivek discusses trends within holiday shopping and how AI and BNPL services are transforming the experience.======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe 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

My guest today is David George. David is a General Partner at Andreessen Horowitz, where he leads the firm's growth investing business. His team has backed many of the defining companies of this era – including Databricks, Figma, Stripe, SpaceX, Anduril, and OpenAI – and is now investing behind a new generation of AI startups like Cursor, Harvey, and Abridge. This conversation is a detailed look at how David built and runs the a16z growth practice. He shares how he recruits and builds his team a “Yankees-level” culture, how his team makes investment decisions without traditional committees, and how they work with founders years before investing to win the most competitive deals. Much of our conversation centers on AI and how his team is investing across the stack, from foundational models to applications. David draws parallels to past platform shifts – from SaaS to mobile – and explains why he believes this period will produce some of the largest companies ever built. David also outlines the models that guide his approach – why markets often misprice consistent growth, what makes “pull” businesses so powerful, and why most great tech markets end up winner-take-all. David reflects on what he's learned from studying exceptional founders and why he's drawn to a particular type, the “technical terminator.” Please enjoy my conversation with David George. For the full show notes, transcript, and links to mentioned content, check out the episode page ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠.⁠⁠⁠⁠⁠⁠⁠⁠ ----- This episode is brought to you by⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Ramp⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Ramp's mission is to help companies manage their spend in a way that reduces expenses and frees up time for teams to work on more valuable projects. Go to⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ramp.com/invest to sign up for free and get a $250 welcome bonus. ----- This episode is brought to you by⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Ridgeline⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Ridgeline has built a complete, real-time, modern operating system for investment managers. It handles trading, portfolio management, compliance, customer reporting, and much more through an all-in-one real-time cloud platform. Head to ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ridgelineapps.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to learn more about the platform. ----- This episode is brought to you by ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠AlphaSense⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. AlphaSense has completely transformed the research process with cutting-edge AI technology and a vast collection of top-tier, reliable business content. Invest Like the Best listeners can get a free trial now at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Alpha-Sense.com/Invest⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and experience firsthand how AlphaSense and Tegus help you make smarter decisions faster. ----- Editing and post-production work for this episode was provided by The Podcast Consultant (⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://thepodcastconsultant.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠). Show Notes: (00:00:00) Welcome to Invest Like The Best (00:04:00) Meet David George (00:03:04) Understanding the Impact of AI on Consumers and Enterprises (00:05:56) Monetizing AI: What is AI's Business Model (00:11:04) Investing in Robotics and American Dynamism (00:13:31) Lessons from Investing in Waymo (00:15:55) Investment Philosophy and Strategy (00:17:15) Investing in Technical Terminators (00:20:18) Market Leaders Capture All of the Value Creation (00:24:56) The Maturation of VC and Competitive Landscape (00:28:18) What a16z Does to Win Deals (00:33:06) David's Daily Routine: Meetings Structure and Blocking Time to Think (00:36:34) Why David Invests: Curiosity and Competition (00:40:12) The Unique Culture at Andreessen Horowitz (00:42:46) The Perfect Conditions for Growth Investing (00:47:04) Push v. Pull Businesses (00:49:19) The Three Metrics a16z Uses to Evaluate AI Companies (00:52:15) Unique Products and Unique Distribution (00:54:55) Tradeoffs of the a16z Firm Structure (00:59:04) a16z's Semi-Algorithmic Approach to Selling (01:00:54) Three Ways Startups can Beat Incumbents in AI (01:03:44) The Kindest Thing

Recession Warning: Consumers Freeze Up | Job Losses Pile Up NationwideMINISTRY SPONSORS:Genesis Gold GroupFaith-Based Gold IRA: Genesis Gold Group helps Christians protect their retirement with physical precious metals aligned with scriptural stewardship principles.https://www.RightResponseBibleGold.comBackwards Planning FinancialWant to build a financial legacy for your family with a plan that starts at the end goal? Connect with Joe Garrisi for help with a legacy-driven strategy for your future.https://backwardsplanningfinancial.nm.com/Gray Toad TallowGray Toad Tallow's handcrafted balms made from grass-fed, grass-finished tallow help heal real skin issues like dryness and psoriasis. Explore their sample pack and save 15% with code RIGHT15.https://www.graytoadtallow.com/Reece Fund. Christian Capital. Boldly Deployed.https://www.reecefund.com/Freddy MediaUnlock exclusive access to a highly engaged audience and elevate your brand through impactful sponsorship opportunities with Right Response Ministries. Click the link below to provide basic information and Freddy Media will reach out to discuss a tailored partnership that drives real results.https://91znn6hr1aa.typeform.com/joelwebbon

In an age where AI can fake a video, social platforms reward outrage, and even the word 'misinformation' means different things to different people, one question rises above the noise: how do we know what to trust?   Today, we're joined by Vanessa Otero, the lawyer-turned-media-analyst behind Ad Fontes Media and its well-known Media Bias Chart, to explore exactly that. Vanessa takes us inside the mechanics of bias, the structures driving extreme content, and the habits that actually make us smarter news consumers.  This episode is your practical guide to staying informed without getting manipulated.   What to listen for: What the Ad Fontes media bias chart looks like, and how to use it: their mission is to rate all the news to positively transform society. Knowing that there's a high correlation between high bias and low reliability Advice for media consumers who are trying to recognize bias without all the tools – including considering disbelieving everything until you can verify it through multiple sources New ways to discuss the media landscape. Example: Instead of saying "fake news" or "misinformation," which are politically charged and open to interpretation, consider using more accurate language like "misleading information" or "inaccurate information."  About our guest: Vanessa Otero is the Founder and CEO of Ad Fontes Media, the company that rates news for bias and reliability. Ms. Otero founded Ad Fontes in 2018 with a mission to rate all the news to positively transform society. She created the original Media Bias Chart in 2016, which was the seed idea for creating the company. She is passionate about bringing people together and overcoming the challenges of political polarization in our present environment. Prior to starting Ad Fontes, she practiced as a patent attorney specializing in software. Vanessa holds a B.A. in English from UCLA and a J.D. from the University of Denver.  

For years, we've been taught that SEO was the key to being found online, write the blogs, keep the website fresh, get your backlinks, and trust the process. But there's a new shift happening in real estate that most agents haven't caught onto yet.  AEO, or Answer Engine Optimization, is quietly becoming more powerful than traditional SEO. And it makes perfect sense. Buyers and sellers aren't searching the way they used to. They're asking full questions out loud into their phones, their cars, and their AI tools. They don't want links…they want answers.  AEO is built for exactly that. It rewards the agents who show up with real answers to real questions, not just blog posts stuffed with keywords. It's the reason some agents are suddenly popping up in AI overviews, even if their websites aren't the "best ranked." How do we set ourselves up for success with AEO? How can we take AI to the next level?  In this episode, I'm joined by digital marketing expert, StoryBrand Certified Guide, and the founder of Changescape Web, Ken Tucker.   We talk about what this shift means for real estate pros: why AEO is winning, how zero-click search is changing consumer behavior, and why some of the platforms we stopped paying attention to, like Yelp and Bing Places, are becoming essential again.   Things You'll Learn In This Episode  Yelp and Bing Places matter more than you think LLMs pull their local business data from platforms most agents ignore. What opportunities open up when our Yelp and Bing profiles are fully optimized and feeding the AI tools directly? Zero-click search is reshaping how people choose agents Consumers are getting everything they need in the AI overview, no clicks required. How do we stand out when the decision is made before they ever reach our sites? Your FAQs are the new fuel for visibility AI tools elevate the agents who answer specific buyer and seller questions clearly and consistently. How do we build a robust FAQ ecosystem? Speed-to-lead is being rewritten by AI phone systems. AI voice assistants respond instantly and book appointments before a human can even glance at their phone. How would this impact our conversion rates?   About the Guest Ken Tucker is a Fractional CMO and Marketing Solution Architect, StoryBrand Certified Guide, marketing expert, speaker, and President and Founder of Changescape Web. Changescape Web was founded in 2005. Many businesses struggle to be found online. Changescape Web builds websites that generate customers so their clients can grow and thrive. They specialize in digital marketing: marketing strategy, website design, search engine optimization (SEO), social media marketing, content marketing, lead generation, and marketing automation. To learn more, head to https://changescapeweb.com/ or follow @changescape on Instagram.    About Your Host Marki Lemons Ryhal is a ​​Licensed Managing Broker, REALTOR®, and avid volunteer.  She is a dynamic keynote speaker and workshop facilitator, both on-site and virtual; she's the go-to expert for artificial Intelligence, entrepreneurship, and social media in real estate. Marki Lemons Ryhal is dedicated to all things real estate, and with 25+ years of marketing experience, Marki has taught over 250,000 REALTORS® how to earn up to a 2682% return on their marketing dollars. Marki's expertise has been featured in Forbes, the Washington Post, Homes.com, and REALTOR® Magazine.   Subscribe, Rate & Review Check out this episode on our website, Apple Podcasts, or Spotify, and don't forget to leave a review if you like what you heard. Your review feeds the algorithm, so our show reaches more people. Thank you!     

With news headlines shouting doom and gloom in every direction, is the National Retail Federation's record-breaking $1 trillion holiday forecast wishful thinking? Or something more nuanced? “The consumer is sentimentally weak, but fundamentally sound,” explained Mark Mathews, chief economist and executive director of research for the NRF in a special podcast episode for Retail Rx with Ian Fredericks, chief executive officer of Hilco Global Capital Solutions and executive director of Hilco's Consumer and Retail platform. That's important because the consumer is powering our economy more than ever before. Today, 68 percent of GDP is driven by consumer spending—the largest percentage in the past 15 years. “While lower-income households are definitely struggling, what we have seen over the course of the year is that all households have protected their spending on loved ones,” said Mathews. “Mother's Day, Father's Day, Valentine's Day, Back to School, Halloween… we've had at or near record levels of spend across all of those events.” Essentially, it's the nature of spending that has changed, and to safeguard that spending, many have pulled back in other areas like recreation or travel. Consumers have also shifted to more promotional spending that squeeze margins. “The retailer is constrained because prices are rising, so while retailers will offer sales that are important to consumers, we may not see the breadth of sales that we've seen before,” Mathews said.   The NRF has been analyzing data and advising retailers for over a century. The November/December season represents roughly 20 percent of the year's retail sales for many retailers. Learn more about your ad choices. Visit megaphone.fm/adchoices

The traditional linear shopping journey has collapsed. Commerce now happens everywhere, and consumers are navigating this omnimodal reality with unprecedented fluidity.Phillip Jackson and Lindsay Trinkle sit down with Melissa Minkow, Global Director of Retail Strategy and Insights at CI&T, to unpack findings from her Retail Tech Reality Check research. Together, they dissect how different platforms serve distinct purposes in the buyer's journey, why "omnichannel" is more relevant than ever, and what happens when everything becomes shoppable but commerce itself becomes invisible.In this episode, we explore how the expanded digital ecosystem is fundamentally reprogramming how consumers engage with content, community, and commerce. With 74% of US consumers now using AI tools in their path to purchase, brands can no longer control the narrative—instead, they must embed themselves intentionally into customer-led conversations across multiple contexts.Commerce Is Invisible; Context Isn'tKey takeaways:Each social platform serves a distinct purpose: Facebook for purchasing, YouTube for discovery, Reddit for research. Context matters more than channel ubiquity.The invisible transaction wins: TikTok succeeds because it's entertainment-first. The less commerce feels like commerce, the more consumers buy.Attribution is broken: Traditional linear models can't capture circular, contextual journeys. Focus on conversion, repeat purchase, and brand awareness—the only metrics you can trust.Search remains unsolved: Basic functionality like filtering furniture by dimensions is still missing. Data quality and search methodology are foundational competitive advantages.Micro-influencers drive outsized impact: 45 passionate referrals matter more than 45,000 followers. The persona of the referrer (picky, experimental, passionate) outweighs reach.AI will reshape holiday 2025: Gifting anxiety makes AI particularly valuable. Consumers use it to avoid looking stupid and navigate uncertain return processes.In-Show Mentions:Melissa Minkow - Global Director of Retail Strategy and Insights, CI&TCI&T Retail Tech Reality Check ResearchNew Modes ResearchAssociated Links:Check out Future Commerce on YouTubeCheck out Future Commerce+ for exclusive content and save on merch and printSubscribe to Insiders and The Senses to read more about what we are witnessing in the commerce worldListen to our other episodes of Future CommerceHave any questions or comments about the show? Let us know on futurecommerce.com, or reach out to us on Twitter, Facebook, Instagram, or LinkedIn. We love hearing from our listeners! Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Shoot us a Text.Episode #1208: Today we're joined by guest host Todd Caputo and break down why car buyers are finally pushing back on pricing and how BMW and Audi are muscling into the booming off-road segment.Show Notes with links:American car buyers are finally tapping the brakes. After years of paying whatever it took to get into a new car, stretched consumers are hitting affordability ceilings and forcing both dealers and OEMs to rethink what demand really looks like heading into 2025.Shoppers are shifting downmarket—buying used, taking longer loans, delaying purchases, and gravitating toward lower-priced models like the Chevy Trax.Industry projections for 2025–26 have softened as tariffs, inflation, and tighter labor markets cool big-ticket spending.Rising days' supply is prompting deeper discounting while lower-income borrowers fall behind on payments and overall vehicle spending drops YoY.Retailers report weaker new-vehicle margins, though service traffic is climbing as more owners try to stretch aging vehicles.“People are asking, ‘How can I afford this?'” said dealer Robert Peltier. “There are people who are in debt and living paycheck to paycheck.”The all-terrain SUV segment is heating up fast as BMW and Audi prepare to challenge icons like Wrangler, Bronco, G-Wagen, and Defender—tapping into a growing niche that's suddenly not niche at all.The off-road segment is booming: nine core models totaled 371,495 sales through Q3 2025, on pace for a post-pandemic record. Wrangler and Bronco remain the kings.Audi will build its first true off-roader on the upcoming Scout Terra/Traveler platform in South Carolina, offering both full EV and range-extender options.BMW's G74 aims straight at the G-Wagen and Defender, built on the X5 platform in Greer, SC, with U.S. production helping dodge tariff pressure.Analysts say styling—not specs—will make or break these newcomers; anything too close to G-Wagen territory risks immediate backlash.“Adding a true off-road-capable SUV will attract buyers… but whether that investment pays off is the challenge,” said S&P Global Mobility's Sam Fiorani Bernard.Join Paul J Daly and Kyle Mountsier every morning for the Automotive State of the Union podcast as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.Get the Daily Push Back email at https://www.asotu.com/ JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/

Today's comedy show fires up with a foggy-brain Monday and only gets weirder from there. The crew dives straight into Invisalign pain, classic rock childhoods, and one of the most uncomfortable “man-to-man” confrontations ever witnessed at a rock concert—yes, complete with a territorial son, a shoulder-rubbed mom, and a threatened fistfight over absolutely nothing. Welcome to the holidays.Rafe recounts in disturbing detail how a grown man threatened to throw hands at him because he called someone's mother beautiful—apparently a crime in some households. Lern talks epic velvet-pants rock-god energy at her Clapton Chronicles gig. Moon shares how he spent childhood listening to exactly zero music because his parents apparently believed in silence as a lifestyle. And Rizz? He just wants people to leave his house on time and stop pretending gift-giving is fun.Then we roll into dead-body calls to radio stations, airline rankings, holiday travel chaos, dumbed-down TV, Code Red data breaches, lost luggage stories, and an extended philosophical meltdown about whether adults should opt out of Christmas gifts entirely.Comedian Greg Warren stops by to talk about the best snack cakes, his upcoming stand up comedy shows at The Funny Bone, an appearance on The Tonight Show with Jimmy Fallon on December 15, and his comedy podcast, The Consumers.Plus a massive concert announcement: Guns N' Roses coming to Busch Stadium on August 16—and yes, Rizz is already requesting the day off.This episode is chaos, comedy, and a surprising level of group therapy all wrapped up in a funny podcast. Daily Show Notes:Sexy Time Fun FactsRafe Does RedditGreg Warren stopped by to talk about his upcoming Jimmy Fallon appearance and showsCity of O'Fallon, Missouri, warns personal information from alert system may have been leaked ‘Dude, call the police': Body found in Frederick Co. after man calls into radio station with tip12th grade girls are less likely than boys to say they want to get married somedayFollow The Rizzuto Show @rizzshow on social media for more from your favorite daily comedy show. Connect with The Rizzuto Show Comedy Podcast online at 1057thepoint.com/RizzShow. Hear The Rizz Show daily on the radio at 105.7 The Point in St. Louis, MO. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.