The Greater Metro Auto Dealers Association worked with Professor Amil Petrin to understand the full impact of the annual spring event. Thousands of attendees spend on concessions, parking, hotels, and other tourist activities in conjuctions with the auto show. Daily per-person spending is on par with other high-profile events such as the Super Bowl and Final Four.
The United States and China are in the midst of a tariff battle that has roiled world markets. There are also signs that the world economy is slowing, and that’s prompted fears of recession. University of Minnesota Professor of Economics Timothy Kehoe joins us to discuss trade tensions, their impact on Minnesota-based companies such as Best Buy and Target, and the overall state of the economy.
Fatih Guvenen: “The U.S. economy is growing. But we have a decomposition. Not everyone is getting the benefit. We know where the money goes. It goes to the top 1 or 2 percent. And, more than in the past, the money goes to women.”