This Changes Things hosts Baker Machado and Brad Smith explain how small businesses will be impacted by Trump's proposed tariffs. Plus, why Nordstrom rejected a bid from the company's founding family.
According to The Trade Partnership, the proposed tariffs on aluminum and steal could end up costing America close to 150,000 jobs. In addition, some consumer industries would see declines in employment as households scale back their spending in response to higher prices.
Plus, a new report by the American Customer Satisfaction Index revealed that customer satisfaction while shopping online was down last year. Satisfaction among supermarket and drugstore customers increased.
Exxon Mobil on Monday announced it's drilling for lithium in southern Arkansas, with the oil giant expected to begin production of the critical material for electric vehicles by 2027.
Ahead of the release of October's consumer inflation data Tuesday, you may notice changes from the Bureau of Labor Statistics. When it comes to how it estimates health insurance costs, the move is expected to give a boost to the U.S. inflation measure which will reverse a trend that has provided some relief.
