[00:01] Chipotle Sales Warning: CEO reports slumping burrito sales as indicator that something is fundamentally wrong with consumer spending
[00:07] Low-Income Consumer Crisis: Low-income consumers are balking at higher prices due to insufficient incomes amid weakening labor market
[00:16] Labor Market Deterioration: Wage growth is slowing and hours worked are slumping, creating an economic nightmare
[00:27] Economic Pain Spreading Upward: The crisis isn't limited to lower-income consumers—it's flowing up the income spectrum
[00:32] AI-Driven Layoffs: Companies are cutting jobs to afford increased AI spending, exacerbating employment problems
[00:39] Already in Recession: The Fed isn't trying to stop a recession—we're already in the beginning stages that will worsen