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Transcripts for CNN CNN News Central 20240604 13:05:00

market, that could be feeding a lot of what we see. that s right. when people have a job they feel confident in spending their money. we know there are all these open jobs in america and a tight labor market still. that s an important under pinning. we know american consumers have more money in their bank account today than they did before the pandemic. they re spending down the savings but they re in better shape than before the pandemic. with the excess savings, child tax credits, those things boosted the bottom line for people and one of the reasons you ve been seeing such strong consumer spending. another thing there s this warp effect from covid. people may be pulling back in some areas but spending on things they want to. the barbie movie, beyonce con concerts. you saw united say their profits tripled because people are still

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