The chapter explores how consumer behavior is adapting to economic challenges and global events, emphasizing the distinction between needs and wants in spending decisions. It touches on coping strategies for rising prices, the impact of technology on consumer stress levels, and the influence of geopolitical issues on spending habits.
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Bloomberg Technology Co-Host Ed Ludlow explains that two of Tesla’s top executives have left the carmaker in the midst of its latest round of job cuts. Katie Thomas, Head of the Kearney Consumer Institute, shares the results of the Kearney Consumer Stress Index. Greg Hewitt, US CEO at DHL Express, talks about the international parcel delivery business and sustainability efforts. And we Drive to the Close with Ryan Detrick, Chief Market Strategist at the Carson Group. Bloomberg News Squawk Desk Reporter Bill Maloney also participates in the conversation.
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