Nov 8, 2019

CEO-consumer confidence gap rises to an all-time high

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Data: The Conference Board, shared by Deutsche Bank Securities; Chart: Axios Visuals

Over the course of the year, U.S. consumers have remained confident about the economy while CEOs have grown more uncertain.

The state of play: In the third quarter, the confidence gap between the two groups increased to its highest level on record, analysis from Deutsche Bank Securities showed.

Go deeper: The growing consumer confidence gap

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The consumer confidence gap shrank in November

Data: The Conference Board; Chart: Axios Visuals

The gap between consumers' confidence in the current state of the economy and their outlook for future economic conditions shrunk slightly in November, according to closely watched data released by The Conference Board on Tuesday.

Why it matters: "For some time, consumers have been more positive on current conditions, but have had a more wary eye on the future. That appears to be changing, at least at the margins," Jim Baird, Plante Moran Financial Advisors' chief investment officer, wrote in a note to clients.

Go deeper: Consumers scaled back plans to buy a new car in October

Keep ReadingArrowNov 27, 2019

Consumers scaled back plans to buy a new car in October

Data: The Conference Board; h/t Deutsche Bank’s Torsten Slok; Chart: Axios Visuals

Consumers scaled back plans to buy a new car last month.

Why it matters: It may signal consumers' lack of confidence in the staying power of the U.S. economy.

Go deeperArrowNov 22, 2019

Appeals court orders Trump's banks to turn financial records over to Congress

Photo: Chip Somodevilla/Getty Images

The Second Circuit Court of Appeals ruled on Tuesday that Deutsche Bank and Capital One must comply with a congressional subpoena for President Trump, his children and his company's financial records.

The backdrop: Trump filed an appeal in August after a New York district judge declined to block the subpoenas, which were issued by the House Intelligence and Financial Services committees in April as part of an investigation into foreign influence. Deutsche Bank said in a letter in October that while it has some of the records sought by the House, it is not in possession of the president's tax returns.

Go deeperArrowUpdated Dec 3, 2019