Your Money Minute

Your 60-second money minute. Today’s topic: Wall Street Is Banking On YOU 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: Younger Investors Using Schwab Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Ralph McLaughlin, a prominent chief economist, dives into the rising prices of personal care products, small electronics, and recreational gear. He explains how the removal of the de minimis exemption has led to increased tariffs, causing prices to spike for previously cheaper items. Listeners are advised to revise their holiday budgets to account for these new costs. It's a thought-provoking discussion on how economic changes directly affect everyday spending.

Andy Challenger, an expert at Challenger, Gray & Christmas, shares insights on the current job market slowdown. He discusses how the labor market has been cooling for over two years and highlights that job cut announcements are at their highest since 2020. Challenger warns of continued layoffs into next year and emphasizes the importance of networking and maintaining emergency savings for Americans facing fewer job choices. His analysis paints a clear picture of the work landscape, preparing listeners for what lies ahead.

Jamie Iannone, CEO of eBay, shares insights on how to tap into the hidden cash in your home. He reveals that the average household has $3,000-$4,000 worth of sellable items. The discussion includes eBay's cutting-edge generative AI tools that simplify listing by creating descriptions and images. Jamie also emphasizes the importance of trust with eBay's product authentication for luxury items, highlighting that they've authenticated 15 million items. Celebrate eBay's 30-year journey, turning casual sellers into thriving small businesses.

Your 60-second money minute. Today’s topic: Walmart Selling Fake Goods, A CNBC Investigation Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Gas prices may remain low due to a surging global oil supply, with a projected increase of 3 million barrels daily this year. Excess production and declining demand could create a surplus, further driving prices down at the pump. Discussions around tariffs also highlight reduced demand from China, impacting global oil consumption. Current oil prices hover around $57-59 per barrel, while companies typically seek around $65 to profit. It’s an insightful look into the dynamics shaping gas prices.

In a concise analysis, job cuts have surged by 55% this year, marking the highest wave since 2020. Proprietary data from Carlyle suggests flat employment growth, highlighting a troubling trend. Additionally, September hiring figures were dismal, revealing a mere 17,000 new jobs, indicating potential challenges ahead in the labor market. This deep dive into current employment dynamics uncovers the unsettling reality of job stability.

Used car prices are on the rise due to several key factors. Higher new vehicle costs and tariffs are pushing buyers to the used market. Experts predict that these elevated prices will persist for the next 6 to 12 months, driven by lower supply from production shortages during the pandemic and fewer lease returns. It's a perfect storm of constrained inventory and consumers avoiding pricier new cars, resulting in a significant surge in used vehicle prices.

The discussion kicks off with an exploration of the term 'frothy,' revealing how investor optimism can signal an overheated market. The hosts clarify the difference between healthy pullbacks and disastrous crashes, framing recent market declines as normal occurrences rather than alarm bells. This insightful breakdown helps listeners understand the cyclical nature of markets and why temporary dips can actually be beneficial for long-term investors.