Here's your summary from Conference Board's Peterson Sees Consumer Spending Slowing (https://www.youtube.com/watch?v=I3_2_rODpYk) on the Bloomberg Television channel:

### TLDR:

Consumer spending is slowing due to concerns about inflation, rising interest rates, and lack of excess savings, leading to a soft patch in the market.

### Key Points:

1. Consumers are pulling back on big ticket items like homes and goods due to rising interest rates and lack of excess savings.

2. Businesses are cautiously optimistic but are not looking to invest much, facing high labor costs and concerns about upcoming elections and geopolitical issues.

3. CEOs are more positive than last year but remain cautious about the future economic outlook.

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