Joining me now is satyam panday, Chief Us and Canada Economist at S P global ratings. Satyam, what are the key elements here that youre looking at that mean theres going to be a drag on growth . We are mostly focused on the consumer sector, we are mostly focused on the consumersector, like we are mostly focused on the consumer sector, like you mentioned in your opening statement. We are starting to see some Consumer Caution creep up, see some Consumer Caution creep up, especially given how the Labour Market has moderated, we have also seen the real Income Growth so often, and that means most likely moving forward, the same type of growth coming from Consumer Spending iS Probably going to be softer, and if you think about the Consumer Spending, you have to look at the taxes being collected state and local site, so the Upside Surprise we have seen from the state and local Government Spending is also going to be softened moving forward. Put it all together, it is the consumers that are go
After the us justice department sued america s largest card network, accusing the company of illegally monopolising the debit card market and driving up prices for businesses and consumers. Lifting us financial markets, well, there was a sharp rise in al darling nvidia s stock price. That was after the company said its ceo, jensen huang, was done selling stock in the chip maker for now. And china s wave of stimulus to jolt its ailing economy, well, that also boosted us stocks that have exposure to china. So far this week, it has been light on the economic front, with investors still digesting that rate cut from the federal reserve. But on the economic calendar, things should pick up as the week goes forward. As michelle mentioned, the usjustice department has filed a lawsuit against visa. It says the world s largest payments processor illegally stifled competition to maintain a monopoly over the us debit card market, through means like paying off potential competitors. Visa says the cl
After the us justice department sued america s largest card network, accusing the company of illegally monopolising the debit card market and driving up prices for businesses and consumers. Lifting us financial markets, well, there was a sharp rise in al darling nvidia s stock price. That was after the company said its ceo, jensen huang, was done selling stock in the chip maker for now. And china s wave of stimulus to jolt its ailing economy, well, that also boosted us stocks that have exposure to china. So far this week, it has been light on the economic front, with investors still digesting that rate cut from the federal reserve. But on the economic calendar, things should pick up as the week goes forward. As michelle mentioned, the usjustice department has filed a lawsuit against visa. It says the world s largest payments processor illegally stifled competition to maintain a monopoly over the us debit card market, through means like paying off potential competitors. Visa says the cl
19 as a new Bip Cnn this morning with kasie hunt. Next its tuesday, september 24, right now On Cnn this Morning Trading blows has well, a fires back one day after the deadliest day of israeli strikes in lebanon in nearly 20 years. A final address, President Biden looks to cement his Foreign Policy policy legacy. And one last speech before the Un General Assembly. And these guys actually want these people in our country is not even believable Work Descending on the commonwealth, Donald Trump pushes his promise for Mass Deportations in the Mustwin State of pennsylvania all right it is 5 00 a. M. On the east coast. A live look at Capitol Hill well, here in washington, dc on this tuesday morning. Good morning, everyone. Im kasie hunt. Its great to be with you this tuesday, just six weeks out from Election Day. But we begin with the u. S. Desperately trying to keep the conflict between Israel And Hezbollah from escalating into an allout regional no war firing a barrage of rockets from leban
Stupid. And this migrant crime is totally out of control violent crime, a Focal Point of Donald Trumps campaign, but well News Statistics from the fbi actually give Kamala Harris on edge. And later trump in the juice. Why the former president is comparing a Staffers Dad to Oj Simpson east coast. A live look at Capitol Hill on this tuesday morning. Good morning, everyone. Im kasie hunt. Its wonderful to have you with us. There are just six weeks until election day. If you can believe that. But were going to start here this morning. The middle east inching closer to the brink as the fight between Israel And Hezbollah intensifies. And the united states looks for some way to prevent further Escalation Iron Dome Defense System intercepting a barrage of rockets fired from Southern Lebanon. No injuries were reported. Those rockets coming just hours after israels largest attack on lebanese soil in almost two decades the israeli military saying it struck 1,600 hezbollah targets on monday nearly