Rory Carroll, publisher of Auto Week, and Todd Lassa, Detroit Bureau Chief for Automobile Magazine, discuss Mercedes's decision to pull out of the 2019 Detroit Auto Show.
Lassa explains the future of the car show has been in doubt for a couple of years now, with more and more automakers moving toward tech events like CES.
Carroll says to not read too much into this, as Mercedes isn't the first brand to drop out of the Detriot Auto Show. Many car companies are not attending because it can be very expensive.
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.
The U.S. economy added 272,000 jobs in May, far more than expected. But that number doesn't tell the whole story. Interest rate cuts could still be on the way.
