As US imports drop, retailers tighten empty shelves
- Everyday with today’s CEO: Diane Brady about how housing costs can hinder business.
- Big story: As US imports collapse, American retailers tighten empty shelves.
- market: Despite everything, it is surprisingly buoyant.
- Analyst Notes From Apollo on the collapse of China’s trade, from JPMorgan in “Trump’s fatigue,” “Flying foreign investors from US assets,” and from Goldman Sachs on Trump’s UBS.
- plus: All news and water coolers chat luck.
good morning. Americans are currently facing a string of economic problems, and housing costs are a constant burden on workers while tariffs dominate the headlines. In my building on Manhattan’s Lower East Side, I met an expert in my 30s. I know people who switch jobs or turn down transfers due to housing costs. It is especially difficult for young or low-income consumers: Starter Homes currently cost $1 million According to the new one, in half of the state Zillow Reports, and California lawmakers Homeless student sleeping in the car. (This is because it is traditionally a peak home bee. season.))
Business leaders feel the impact of high housing costs as they have suppressed labor mobility, plans to return to offices, and employers’ ability to adopt in places like Silicon Valley. One CEO said he has recently refrained from asking employees to come every day.
Michael Leffenfeld, CEO HexionThe advanced materials used in construction, among other things, last week said, “We’ve been talking too much about mortgages and housing costs, allowing homes to be built, and not enough about applications. It really constrains the feelings of builders… whether it’s state or federal, constraining the regulatory challenges of getting permission at a meaningful rate.”
I am amazed that Donald Trump has not embraced housing policy to win public support. Instead, the administration’s new tariffs on building materials can be added Approximately $10,900 per person in the houseAccording to the new NAHB/Wells Fargo Housing Market Index Survey. And the immigration crackdown could make it difficult to find workers to build new units. But of course, housing policy is local. It tells the Austin that it published 10 times the permission per person It surpasses California’s rivals in tech employment growth than San Francisco in recent years.
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Contact the CEO daily from Diane Brady at Diane.brady@fortune.com
This story was originally introduced Fortune.com