The chapter delves into the challenges of the US housing market, the growing demand for houses amid high interest rates and low stock turnover. It also examines consumer spending patterns in convenience stores during an economic slowdown, noting shifts towards purchasing more valuable items and being cautious with spending.
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Bloomberg News Global Economy Reporter Enda Curran discusses how the contours of the slowing economy are becoming clearer as American households trim their spending. Nancy Tengler, Chief Investment Officer at Laffer Tengler Investments, explains why investors should forget about data dependent and listen to companies. Bloomberg News Senior Technology Reporter Dana Hull shares the details of her Businessweek Magazine story Elon Musk Is Helping Take Population Collapse Panic Mainstream. Wendi Whitmore, Senior VP at Palo Alto Networks, talks about the cyberattack that shut down auto dealers in the US and Canada earlier this week.
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