When it costs almost $30 a year to spend $100

The U.S. economy keeps growing briskly, with Gross Domestic Product in the summer quarter clocking in at a bigger than 4.9% annual rate. If you spent money this summer, this was you at work. Diane Swonk, chief economist at the tax audit and advisory firm KPMG, joins to discuss. And yes, revenge spending-induced summer pop queen concert splurges were partially responsible.

Ford and the United Auto Workers have reached a tentative contract, one that the union calls the most lucrative contract in decades. It could lead to an end to the Ford part of the strike and could help frame deals with GM and Stellantis.