Earlier this week, >> it's a vin diagram. >> We had Treasury Secretary Scott Bessen on the show shortly after you did your charts on the affordability crisis. And um let's just say he took exception with your numbers.He brought you up a few times. >> He did. He did.But but I would tell you it's interesting. Uh you agreed with him oh on AI though you disagreed with him on wages in the second term uh of the Trump administration. tell us where you agreed and where you disagreed with uh the Treasury Secretary.> ...

Economic Indicators & Sentiment - Youth unemployment rate is at 92% [2] - Consumer sentiment is at its lowest recorded level [2] - Average home buyer age is 59, and first-time buyers average 40 [3] - Presidential approval ratings on the economy are worse than in Trump 10% [3] - 62% disapprove of the handling of the economy [4] Wage Trends & Job Market - During Trump 10%, people at the bottom did relatively better in percentage terms due to a hot economy and low unemployment (below 4%) [5][6] - Currently, the job market is weak with minimal job growth [6] - Wage growth for people at the bottom is slower than for those at the top [6] Affordability Crisis - Home affordability is severely declining [3] Policy Impact - The speaker disagrees with the Treasury Secretary's selective interpretation of data [2][4] - The speaker attributes the wage gains during late Trump 10 to running the economy hot, not necessarily Trump's policies [5] - The current economic situation is described as the opposite of Trump 10 [6]

Market is capping off a downbeat week for the major averages led lower by tech which we'll talk about in a minute. Joining us this morning, David Kelly, chief global strategist over at JP Morgan Asset Management, can help us kind of digest the week and this uh Yumish print. David, I mean, we were just talking about how uh the stock market at record highs is not getting reflected in overall sentiment.No, >> absolutely. I mean, we've got we've got submarine sentiment. Uh we've got a sort of a tortoise-like ec ...

US consumer sentiment fell to a more than three-year low as the government shutdown weighed on the economic outlook and high prices soured views about personal finances https://t.co/OjXd8kF70z ...

Take a look at Treasury yields right now. Look at the 10-year. Look at the 10-year. 4.1%, the 2-year, 3.6%.People are not totally rattled. Uh, joining us right now, uh, Kelsey Burrow, fixed income portfolio manager at JP Morgan Asset Management. Are you surprised, by the way, that the bond market has not been more rattled by just everything.>> I'm not too surprised. You know, I think that we I there's been a fair bit of data even though there's been a lack of official data with the government shut down. Um ...

Joining us now with more on the market, Stephen Parker, JP Morgan uh private bank, co-head of global uh investment strategy. I I'll I guess I'll start with in a similar vein to with with Katie Stockton. She's um obviously looks at at technicals.You're more fundamentals. There's probably no one that that doesn't or hasn't heard that the market is fully valued. I think even uh Jay Powell intimated as much the other day also said that that doesn't necessarily mean that the market's ready to go down either beca ...

Consumer Sentiment Analysis - The report analyzes consumer sentiment broken down by income levels [1] - The analysis likely focuses on understanding how different income groups perceive the current economic climate and their spending habits [1] Potential Implications - The findings could be valuable for businesses in tailoring their products and marketing strategies to specific income segments [1] - Investors may use the data to identify potential investment opportunities based on consumer behavior trends across different income brackets [1]

Consumer Sentiment - US consumer sentiment reached a five-month high in July [1] - The rise in sentiment is attributed to optimism about current conditions [1] - A stock-market rally contributed to the positive sentiment [1] Inflation Expectations - Inflation expectations eased [1]

Consumer Behavior - Unexpected consumer softness observed around May, coinciding with consumer sentiment dropping to an annual low [1] - Consumer sentiment trends often align with business performance [1] - An acceleration in business is being seen [1] Marketing Initiatives - Summer campaign around "summer of extras" and digital initiatives are driving business [1] - The launch of the new adobo ranch dip in early June is contributing to increased transactions and uplift [1] Business Impact - The unexpected consumer softness in May led to a reevaluation of the year's projections [1]

Consumer Sentiment - University of Michigan consumer sentiment index rose to 61.8 in preliminary July, a slight increase from 60.7 in June [1] - The increase was in line with economists' expectations polled by The Wall Street Journal [1]