CNN 5 Things Consumer sentiment plummets, Witkoff-Putin meeting, Yoko Ono doco & more
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Apr 11, 2025 American consumer optimism has hit a historic low, raising concerns about the economy's future. The pressures from the trade war could put numerous service sector jobs at risk. Meanwhile, a significant diplomatic meeting looms between a U.S. envoy and Vladimir Putin, potentially impacting international relations. In a more personal revelation, Yoko Ono opens up about her experiences following The Beatles' split and shares her side of the story.
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Consumer Sentiment Plummets
- Consumer sentiment has plummeted to levels lower than the Great Recession, according to a University of Michigan survey.
- Ironically, encouraging inflation figures were also released, creating economic uncertainty.
Inflation and Uncertainty
- March inflation data showed easing price pressures, typically encouraging news.
- However, Trump's trade policies, especially tariffs, create economic uncertainty.
Service Sector at Risk
- Service sector jobs, currently enjoying a trade surplus, are at risk due to the trade war.
- Potential job losses in this sector might not be offset by gains in U.S. manufacturing.