Categorized | Uncategorized

Networks Ignore Consumer Confidence Rebound to ‘Lofty’ Levels

Posted on 27 April 2018

<p>CNBC’s on-air editor Rick Santelli reacted to the April consumer confidence numbers positively, but the same night ABC, CBS and NBC evening news programs all ignored the latest update of consumer attitudes toward the economy. “Some breaking news: Consumer confidence, we are looking for a read on April and the number is 128.7, sequentially following 127 [in March]. This is a really good number. 128 and change is the best level since February's 130. 130 was best level going back to the year 2000. Very lofty levels indeed,” Santelli said during <em>Squawk on the Street </em>on April 24.</p>