China Robots Surpass US: From Factories to Socks

Here’s a summary of the‌ key ‌points from the provided text:

* Campbell’s Soup Controversy: Campbell’s is facing a PR crisis after⁣ a VP’s comments about ​producing “highly processed ​food” for “poor people” were recorded. The company is defending its‌ ingredients, specifically stating ‌its soups contain “real ⁤chicken.”
* Manufacturing Job Losses: The US has lost 59,000⁢ manufacturing jobs as April, despite President Trump’s “Liberation Day” tariffs intended too protect domestic manufacturing. Experts find this decline “striking.”
* Consumer Spending: A JPMorgan chase Institute report indicates Gen Z and lower-income ​consumers ⁣have limited⁢ spending power this⁣ holiday season – enough to spend,⁤ but not to splurge. Younger⁢ workers ‍are also lagging in income growth, and⁣ even those aged 50-54 are seeing income decline.
* Market Performance:

​ * S&P 500 futures are‍ up 0.3%.
⁢ * STOXX Europe 600 is up 0.4%.
⁣ ‌* FTSE⁤ 100 (UK) ⁢is up 0.26%.
​ ​ * Nikkei 225 (Japan) is up 1.85%.
* CSI 300 ‌(China) is up 0.61%.
* ⁢KOSPI (South Korea) is up ⁣2.67%.
⁣ ⁤* NIFTY 50 (India) is up 1.24%.
​ * Bitcoin is flat at $87K.