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The latest survey data from the University of Michigan shows consumer sentiment in the U.S. is at a six-month low. We’ll unpack the numbers and get into what they can and can’t tell us about what’s really going on in the economy. And, a plan to split up U.S. Cellular between T-Mobile and Verizon is in the works. It’s part of a larger fiasco brewing at the Federal Communications Commission. Plus, we’ll play a round of Half Full / Half Empty!



Here’s everything we talked about today:


Consumer Sentiment Index from the University of Michigan




“T-Mobile, Verizon in Talks to Carve Up U.S. Cellular” from The Wall Street Journal




“A solar storm could produce northern lights in US” from AP News




“Apple is revamping Siri with generative AI to catch up with chatbot competitors, report says” from Business Insider




“Millions more Americans travel to bird-watch. Texas businesses are cashing in.” from Marketplace




“McDonald’s Will Offer a $5 Meal Deal to Lure Customers Back Into Stores” from Yahoo Finance




“Bluey Is Back! Disney Announces Collection of New ‘Minisodes’ Are Coming Soon” from People





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Commerce Secretary Gina Raimondo wants to position the U.S. to become a leader in semiconductor manufacturing. After all, the U.S. invented the industry not so long ago. The Biden administration has invested $30 billion in new factories, and companies have thrown in 10 times that sum. In this episode, Raimondo tells “Marketplace” host Kai Ryssdal where she hopes U.S. chip production will be by 2030. Plus, her broadband expansion plan and how she views our trade relationship with China.

 

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Stocks close mixed; consumers worried that unemployment could rise; Biden Administration reportedly planning EV tariffs; Ford reportedly cuts back on battery orders.

A number of officials said rate cuts are possible, even as uncertainty remains over timing; investors poured money into global equities amid easing rate cut concerns; Target to limit some Pride displays after backlash.

To get between Dallas and Houston, it’s an bogged down 240-mile roadtrip that can sometimes take five hours. Amtrak wants a bullet train to get the job done in 90 minutes and says it could be built within a decade — if federal funding comes through. Plus, Transportation Secretary Pete Buttigieg on who will pay to rebuild after the Baltimore bridge collapse and a preview of next week’s retail sales figures.

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If you save up your miles or credit card points for vacations, you may be treating them a bit like savings. But unlike money in your savings account, a company can change the value of those points. Today, Transportation Secretary Pete Buttigieg joins Marketplace’s David Brancaccio to make the case for greater transparency in airline and credit card rewards programs. Also: the San Francisco Fed President on the future of interest rates.

Support our nonprofit newsroom today and pick up a fun thank-you gift like our new Shrinkflation mini tote bag or the fan favorite KaiPA pint glass!