Consumer Confidence Is in the Toilet

84.5

The Conference Board Consumer Confidence Index® fell by 9.7 points in January to 84.5 (1985=100), from an upwardly revised 94.2 in December. A 5.1-point upward revision to December’s reading of the Index resulted in a slight increase last month, reversing the initially reported decline. However, January’s preliminary results showed confidence resumed declining after a one-month uptick. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—dropped by 9.9 points to 113.7 in January. The Expectations Index—based on consumers’ short-term outlook for income, business, and labor market conditions—fell by 9.5 points to 65.1, well below the threshold of 80 that usually signals a recession ahead. The cutoff for preliminary results was January 16, 2026.

Murphy: Democrats Must Be United in ICE Funding Fight

“I will say in the past, Republicans have just waited us out because they thought that we would break. And we have broken in the past. And this would be, I think, a very dangerous moment for us to do that because of the very specific moral question being put to the nation: Does the president of the United States get to murder American citizens? The answer to that question has to be no, but it likely will only be no if we’re in a position to win this fight.”

— Sen. Chris Murphy (D-CT), quoted by the New Republic, on blocking funding for ICE.

Omar Says Investigation Is Sign of Trump’s Panic

“Sorry, Trump, your support is collapsing and you’re panicking. Right on cue, you’re deflecting from your failures with lies and conspiracy theories about me. Years of ‘investigations’ have found nothing. Get your goons out of Minnesota.”

— Rep. Ilhan Omar (D-MN), responding to President Trump saying Monday the Justice Department is investigating her, Politico reports.