Show Notes
Import prices in May fell 0.4%; U.S. manufacturers and labor group urge quicker China import tariffs; possible fake titanium used in Airbus, Boeing planes, The New York Times says.
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Consumers feel frustrated with inflation; Surveyed economists think inflation would worsen under Donald Trump; Dollar General reaches a safety settlement.
The producer price index increased 0.2%; economists worried Trump will worsen inflation, WSJ survey finds; PepsiCo, Conagra signal limits to price increases; IMF predicts Fed rate cuts by end of year.
Markets close mixed; PepsiCo blames “price conscious” shoppers for falling sales; Mortgage rates tick down; GM will retool a Michigan plant for EVs, with federal help.
The consumer price index fell 0.1% between May and June; initial jobless claims remain low at 222,000; Biden administration to distribute $1.7 billion to modernize old auto plants; Apple to open Apple Pay to competitors in two weeks.
Stocks close higher; Powell says the election won’t impact rate decisions; Wholesale inventories rise; Intuit pivots to AI.