The White House also under pressure on the economy and the issue of affordability as costs remain high, especially on grocery items despite President Trump's insistence that prices are coming down. According to NBC News's latest grocery price tracker, the price of orange juice as well as beef, bacon, and chicken are all up at least 5% compared to last year. On Friday, the Trump administration announced it was rolling back tariffs on some food products, including coffee, bananas, and beef.One of the administ ...

Is this a game changer for Ford at all to be able to sell its used vehicles on Amazon. It's sort of Ford putting a toe in the water and doing a deal with Amazon. Hyundai was the first to get on the Amazon auto's portal about a year ago and they're selling new cars.Ford is coming with its certified use cars first to see how that goes. They are getting a lot of interest from their dealers and if they do this in partnership with their dealers. But it will sort of address these issues that consumers have about ...

Inflation and Affordability Are Still Everything https://t.co/mBj85YwUT0 ...

Core Insights - The earnings report from Delta highlights a disparity in consumer spending, with premium ticket sales increasing by 5% while main cabin revenue fell by 5% [1] - Economists describe a "K-shaped economy," where affluent consumers are thriving while low-income consumers are struggling due to inflation and rising costs [2][3] Consumer Behavior Trends - Low-income consumers are reducing spending, impacting industries like food, automotive, and airlines, while wealthier customers are increasing their purchases [2][3] - Fast food chains, particularly McDonald's, have seen a significant drop in traffic from low-income households, with declines reported in double digits [4] Financial Performance and Pricing - McDonald's has experienced a 40% increase in menu item prices from 2019 to 2024, with specific items like the Big Mac rising from $4.39 to $5.29 [14] - The company attributes price increases to rising costs of labor and ingredients, particularly beef, which has seen a 13% year-over-year increase [15][14] Economic Pressures on Low-Income Households - Consumer credit delinquency rates for households earning less than $45,000 have significantly increased, indicating financial strain [8][9] - A Harvard study found that 50% of renters are cost-burdened, spending over 30% of their income on housing, a rise of 3.2 percentage points since 2019 [10][11] Industry Responses - McDonald's has attempted to attract cash-strapped customers with promotional deals, but initial marketing efforts did not yield immediate results [23][24] - The fast food industry is cautious about passing on higher costs to consumers, reflecting a broader concern about consumer tolerance for price increases [25]

Nearly 40% of Americans have a side gig and 61% say their life would be unaffordable without the extra income, according to LendingTree. https://t.co/cGw1iSHs7E ...

The Georgia Republican has recently criticized the administration on several issues including affordability, https://t.co/32ySxXQ2JZ ...

[Music] Welcome to Meet the Press Now. I'm Garrett Hake in Washington, where the White House finds itself on defense, facing new frustrations from President Trump's base and from voters writ large over issues tied to the economy, affordability, and accountability. Starting with new scrutiny over the president's ties to Jeffrey Epstein after a batch of newly released emails revealed that the late convicted sex offender viewed himself as the ultimate Trump insider. The president today lashing out on social me ...

Joining us now, Henrietta Trees, co-founder and director of economic policy for Veta Partners. Maya Roupert is senior adviser for was senior adviser for the Warren campaign and former campaign manager for Julian Castro. So Henrietta, if the tariff exemptions would go through, what impact could it have on the economy and on Americans wallets.>> Well, first of all, we could finally bring coffee prices back down to where they were in the Biden era, which was 50 percentage points lower than where they are today ...

Economic Policy & Affordability - The administration is shifting focus to affordability, potentially through tariff deals and dividend checks to Americans, aiming to counter concerns about the cost of living [2][3] - The White House is considering new tariff deals to generate revenue, possibly distributing $2,000 dividend checks to alleviate cost of living pressures [3] - The administration is exploring tariff reductions, particularly on food goods from Latin American countries, to provide relief to consumers [8][9] - The focus on affordability is seen as a pivot, though tariffs remain a favored policy tool [6] Tariff Strategy & Trade - The White House is being cautious about revealing details of tariff reductions, focusing on long-term economic effects rather than short-term pain [5] - The administration is signaling potential tariff relief through deals with Latin American countries, specifically on a list of food goods [8] - The administration is lowering the standards for countries to qualify for tariff-free trade arrangements, aiming to provide relief in the food sector [9] Potential Policy Actions - A potential rebate check is being considered, though its size and passage through Congress remain uncertain [11] - The administration is expected to find areas for tariff relief, particularly in the food sector [12]

President Trump has announced frameworks for agreements on reciprocal t trade with El Salvador, Argentina, Ecuador, and Guatemala. Joining us right now on the latest on trade negotiations is United States Trade Representative, Ambassador Jameson Greer. And Ambassador, thank you for being here today.Uh the way it's being boiled down, at least in the headlines, and tell us if this is the right way of seeing this, is that there are going to be uh exemptions to these terri tariff barriers that are there for goo ...