Oct 7, 2026 · 2 min · 2 segments
Your 60-second money minute. Today's topic: Consumer Confidence Tanks Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and…
Jessica EttingerHost
Sarah Eisen
I don't know, with the rise in gas prices, I think that we see consumers sensitive to that.
But the old saying is, watch what they do, not how consumers answer surveys.
There are, however, companies that are feeling a consumer spending slowdown.
We heard from several consumer companies saying inflation is an issue.
The McDonald's CEO telling CNBC they're still seeing sticky inflation.
Costco, General Mills echoing the same sentiment on their earnings calls.
Last week, Target announced it's lowering prices on 2,000 items in its stores to try to lure in budget-conscious consumers.
This consumer confidence numbers is so remarkably-
Yes
... bad.
[laughs]
It's deteriorating along with what the University of Michigan Consumer Sentiment-
Yes
...
I don't know, with the rise in gas prices, I think that we see consumers sensitive to that.
But the old saying is, watch what they do, not how consumers answer surveys.
There are, however, companies that are feeling a consumer spending slowdown.
We heard from several consumer companies saying inflation is an issue.
The McDonald's CEO telling CNBC they're still seeing sticky inflation.
Costco, General Mills echoing the same sentiment on their earnings calls.
Last week, Target announced it's lowering prices on 2,000 items in its stores to try to lure in budget-conscious consumers.
This consumer confidence numbers is so remarkably-
Yes
... bad.
[laughs]
It's deteriorating along with what the University of Michigan Consumer Sentiment-
Yes
...
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