Alina Selyuk

So the U.S.

economy is chugging along.

That was the takeaway.

It grew at an annual rate of 4.3%, which is some of the fastest growth we've seen in a couple of years.

And you know, the GDP report takes a bird's eye view of the economy.

It's got exports, imports, business investment.

But this time, two factors really gave it a boost.

One of them was the term of the year, which is AI.

People and companies spending on computer hardware and other techie things.

But the consumers are the perpetual motion machine and they are driving this GDP report.

Yes.

You're referring to the conference board, which has a survey showing confidence down for the fifth month in a row.

But, you know, I talked to Michael Zdenek.

He's an economist with S&P Global Market Intelligence, and he has this line.

It's tough love.

But historically, it's true.

People will keep spending until things really turn.

And right now, we're sort of in this suspended state.

And for many people, things have started to turn, but not for everyone.

Exactly.