a tether on your neck, everywhere you go, that s not a solution. we are solving for range anxiety also at the same time, because you canjust hop, hop, hop from point to point. this could be the answer to zero emissions personal transport for many of asia s huge megacities. and for this taiwan start up, the next stop is india. and that was rupert wingfield hayes there. to the us now, where it s a big week for retail results, with the numbers due from some of america s biggest shops giving us an opportunity to take the pulse of the us consumer. 0ur north america business correspondent michelle fleury is in new york for us. hello there, how is it looking? yeah, so a lot of focus will be a big box retailers like walmart and target, as well as home depot, who will all give an update on their
2000s, senator durbin said let s punish banks and reduce interchange on debit cards same exact thing now be on larger scale if we look back to history used to be able to earn, you know delta miles, continental airline miles all on debit cards and when senator durbin got his amendment passed it literally killed detect reward overnight you can no longer earn on a debit card and that impacted lower income american who is couldn t get debit credit cardsd banks raised fees on checking accounts used to get free checking so consumers saw a huge net loss no more points on debit cards, and you know the federal reserve did a study 98% of rea tailers did not save on to consumers they kept prices the same or raised them in many cases so it is the sail senators rying to do for all credit cardings you know he s in the pocket of the big box retailers, you know wal-mart and target stand to make billions of dollars.
punish banks and reduce interchange on debit cards same exact thing now be on larger scale if we look back to history used to be able to earn, you know delta miles, continental airline miles all on debit cards and when senator durbin got his amendment passed it literally killed detect reward overnight you can no longer earn on a debit card and that impacted lower income american who is couldn t get debit credit cardsd banks raised fees on checking accounts used to get free checking so consumers saw a huge net loss no more points on debit cards, and you know the federal reserve did a study 98% of rea tailers did not save on to consumers they kept prices the same or raised them in many cases so it is the sail senators rying to do for all credit cardings you know he s in the pocket of the big box retailers, you know wal-mart and target stand to make billions of dollars. and consumers will lose.
from places like best buy. so, yasmin, these big box retailers that are really feeling the pinch, obviously trying to market these big sales when and where they can. yeah, maybe it s time to capitalize on those back to school sales ahead of the end of summer. this is your time, this is your week. yeah, marissa, thank you so much, appreciate it. all, right so, for those who tuned in yesterday. you see him back in this chair, right? it s all because i didn t win the powerball lottery ticket last night. as it turns out, no one else did either. what was an estimated half a billion dollar jackpot is expected to jump up to at least 650 million for monday night straw. so, we have another chance. a statement for powerball officials saying that prices already ranking as the night largest jackpot on record. if you don t get that, you also have the mega millions, by the way, a couple different chances, drawing on tuesday. that is up to 400 and $80 million.
study declined, since it shows within the last six months, 80% of consumers say they ve scaled back on things they have deemed nonessential, like clothing, to core, entertainments. and this is something big box retailers like best buy, home depot, target, walmart have all warned about. this trend of what they re calling cautious consumer spending. obviously, it s not helping the bottom line. walmart says they re seeing families with income under 50, 000, really focusing on groceries and ways they haven t seen in a while. they re seeing a decline in people buying, again, those nonessential, especially with decor and wardrobe. if you look at the trends over the course of history, it will come as little surprise, yasmin, that is people are tightening their budgets, we re seeing a rise and people spending on the little things. tiktok has branded the little treat lifestyle, if he will. lots of deals on small items this week from places like amazon, stories like coles, target, savings in t