News
Consumer sentiment hits all-time low, personal finances down 13%
A closely watched measurement of US consumer sentiment fell to a fresh, all-time low in May, according to the latest survey from the University of Michigan.
“The cost of living continues to be a first-order concern, with 57% of consumers spontaneously mentioning that high prices were eroding their personal finances, up from 50% last month,” Joanne Hsu, director of the university’s Surveys of Consumers, wrote in a statement. Consumers’ personal finances sank by 13% in May, she said.
Erin Burnett interviews analysts Dan Ives and Peter Tuchman, and the CNN “NewsNight” panel debates the reasons behind the new numbers.
0:00 Consumer sentiment hits record low amid rising prices, Iran war
0:29 President Trump on new Fed chair Warsh’s independence
1:17 Erin Burnett breaks down consumer sentiment numbers with “Einstein & Ives”
4:58 “NewsNight” panel debates consumer sentiment’s all-time low
8:14 Isaiah Martin: “The economy sucks!”
Watch more CNN here: https://cnn.it/4kh5RPe
#Economy #CostOfLiving #News
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Six hours and 39 minutes of baseball is a long night. CNN’s Andy Scholes chronicled passing the time and searching for a Dodger Dog at the historic Game 3 of the World Series between the Toronto Blue Jays and the Los Angeles Dodgers.
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Ukraine’s access to SpaceX’s military-grade satellite service Starshield has been restored for now, according to two sources with knowledge of the matter.
The U.S. government-owned satellite infrastructure is used by Ukraine’s military for drone navigation and air defense.
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In a first-of-its-kind performance at Central Park, artists from “Studio Drift” lit up the night sky with 1,000 choreographed drones. #centralpark #drones #art #cnn
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President Trump said in a bilateral meeting with Turkish President Recep Tayyip Erdoğan that he would consider reversing a ban on selling F-35 fighter jets to Turkey.
“Turkey’s been, in many ways, much more loyal than other countries that we think would be loyal. So, it’s something, certainly, we would consider,” Trump said in Ankara.
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In an interview with Jimmy Fallon, Taylor Swift explained why she is not performing at the Super Bowl halftime show.
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