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Flight cancellations could rise to 20% if shutdown continues. Airlines canceled at least 1,000 US flights yesterday, after the FAA ordered 10% flight reductions at 40 airports across the country over the next week as air traffic controllers missed a paycheck due to the government shutdown. Yesterday’s cancellations amounted to a 4% reduction, but Transportation Secretary Sean Duffy said it might get even worse, with flights reduced by as much as 20% if the shutdown drags on. “If this shutdown doesn’t end relatively soon, the consequence is that more controllers don’t come to work,” Duffy told Fox News.
Consumer sentiment fell to near-record lows. The American consumer’s current mindset can best be represented by a frowny face emoji, according to the University of Michigan’s closely watched monthly survey, which showed sentiment falling to 50.3 in November from 53.6 the month before. That puts the current sentiment just above where the index sat amid historically high inflation in 2022. Consumers are concerned about the impact of a prolonged government shutdown, the survey’s director said, with concerns especially magnified among lower-income consumers. And good news may not be coming any time soon, as Democrats and Republicans remain far apart on how to end the shutdown. The GOP yesterday rejected a Dem plan to reopen the government in exchange for extending ACA subsidies for a year.
Starbucks is beary sorry. The coffee chain apologized to customers after its “Bearista” cup, a viral piece of holiday merch, sold out so quickly that it was hard to come by. The glass cup in the shape of a bear wearing a Starbucks beanie debuted as part of a seasonal drop on Thursday, which also included new drinks and other holiday-themed merchandise. But the popular cup sold out in many locales, leaving customers fuming on social media. By yesterday, the $30 cup was being listed for $500 on eBay. Starbucks apologized to disappointed bear hunters, saying it had shipped “more Bearista cups to coffeehouses than almost any other merchandise item this holiday season.”—AR
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