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Please provide concise, well written answers. Consider the news alert from the Wall Street Journal on January 29, 2021 and answer the questions which follow.
Please provide concise, well written answers.
Consider the news alert from the Wall Street Journal on January 29, 2021 and answer the questions which follow.
US. households have money to spend but limited ways to spend it, priming the economy for stronger growth this year once the pandemic recedes and businesses fully reopen. A government report this morning is expected to show that Americans' incomes collectively rose in December for the rst time in three months. But a big chunk of their money was likely saved. Household spendingthe biggest driver of economic growth in the US. likely fell for the second straight month, economists believe. While government aid programs, a booming stock market and rising home values have put many households on solid footing nancially, consumers haven't been able or willing to dine out, go to concerts or on vacation. Late last year, many state and local governments forced businesses to shut down again or scale back operations to combat another wave of the coronavirus, Josh Mi'l'nhn\" rnnnri'q You Would Never Break the Chain Toyota Motor and Honda Motor are halting production at plants in North America as the pandemic's continuing effects on the global supply chain create shortages of essential components. Toyota cited an unspecified "shortage of petrochemicals" at some North American plants, which will U.S. auto and light truck assemblies, monthly 15.0 million affect production at vehicle factories in Kentucky and Mexico, as well as an engine plant in Alabama. Honda said it would halt 125 production at most of its U.S. and Canadian car factories next 10.0 week due to a combination of port backlogs that have delayed 75 the delivery of parts, a shortage of semiconductors, pandemic- related problems and fallout from severe winter weather across 5.0 the central U.S. The car industry has been under stress since the 25 coronavirus pandemic upended the global supply chain. Most car makers have said the global shortage of semiconductors 2015 20 would force production cuts, Sean Mclain reports. Note: Seasonally Adjusted Annual Rate Source: Federal Reserve via the St. Louis FedStep by Step Solution
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