we hear of companies thinking about layoffs or acting on them. what are we seeing there? again one of the things that s striking is there suspected a sign of a massive pain in the labor markets. when it comes to wages labor market trends are benign and so what policy makers are trying to work out is this just a delay effect if you like from some of the tightening from the federal reserve or show that the american economy is more resilient than people were fearing? we don t know yet but rite now this situation isn t a reason to press the panic button. people can enjoy the thanksgiving meal without being too depressed. jillian, thank you so much.
retailers spending months trying to sell through the merchandise. reporter: which could lead to deeper discounts. i expect to see deeper discounts than usual in casual apparel, tvs, furniture and so in addition to the exciting cyber weekend sales to see is extra discounts as they look to clear out the overstocks. reporter: shopping with strategy will save you big bucks. start with a shopping list with a spending cap and compare and don t forget about gift cards. you can get some of these at a discount this holiday season. back to you. thank you. we are joined by jillian tett. happy thanksgiving. thank you for being with us. with inflation high do you think
millions of volkswagons and bmws to china. so, for them, the commercial aspect of the relationship is paramount and they really don t want to go back into some sort of a cold war with the chinese. so, i think, what joe biden will have to do, today, at the g at the g7 is kind of navigate, not only a europe that feels fundamentally a bit differently about china than, perhaps, the united states. but individual-european countries that have their own interests. that are not all perfectly aligned with one another. so it will be an interesting, and somewhat complicated day, of diplomacy for the president. and, anne, one of the things that jillian tett was on just a few minutes ago were the elbow bumps. in your latest reporting, you write this quote, if not for the elbow bumps instead of handshakes and hugs, the scene at the opening of the group of seven economic meeting here could have been mistaken for a time before the global pandemic, and before donald trump. it was less clear, whether
of the editorial board and financial times. also, author of the book how anthropology can explain business and life. so great to see you, jillian. look, we know this wealth gap exists. the i guess, the question is do leaders at the g7 see this tale of two economic realities, as a priority? i think they do. and here s what s fascinating. the g7 is a gigantic, ceremonial/ritual/fest. and you might say, well, ritual, who cares? it s all empty, it doesn t correspond to real life. but as an anthropologist, one of the arguments in anthro-vision is rituals matter because they represent an idealized vision of the world and what is fascinating right now is that if you look at the ideal in something called the cornwall consensus, that is a memo that was floating around the g7. and compare it to what was around 30 years ago, it is very
also with us, julian tett, author of an throw-vision, a new way to see in business and life. welcome to both of you. jillian, watching vladimir putin, he is a master of stage craft. everything about him, the body language he gives off as he sort of sits like this, the laugh, the entire evasion of the answer, but he went on after that to talk about how this macho thing about killer is big in the united states, not here in russia. what is the message how is this going to go? when biden meets putin. trump loved that sort of thing. i find vladimir putin just fascinating because, in fact, i did my original academic research before i became a journalist in the soviet union. i was in the soviet academic system for a while and, you know, putin has come from that kgb background where you take the ability to play with information, play with the media, play with propaganda in