[CNBC Television] American Express CEO talks rebound in travel, restaurant spending

🎯 Загружено автоматически через бота: 🚫 Оригинал видео: 📺 Данное видео принадлежит каналу «CNBC Television» (@CNBCtelevision). Оно представлено в нашем сообществе исключительно в информационных, научных, образовательных или культурных целях. Наше сообщество не утверждает никаких прав на данное видео. Пожалуйста, поддержите автора, посетив его оригинальный канал. ✉️ Если у вас есть претензии к авторским правам на данное видео, пожалуйста, свяжитесь с нами по почте support@, и мы немедленно удалим его. 📃 Оригинальное описание: “When you look at the US economy right now, I think it’s really starting to come back,“ American Express CEO Steve Squeri said when discussing the economic rebound in a “Mad Money“ interview. Subscribe to CNBC PRO for access to investor and analyst insights: Americans are increasingly tapping their credit lines as Covid-19 health restrictions ease and travel demand ramps back up, American Express CEO Steve Squeri told CNBC on Monday. The payments company, known for its namesake credit card, reports seeing a near-full recovery in domestic travel bookings after the industry was hamstrung by Covid lockdowns. “When we look at our travel numbers, our travel bookings in May were 95% of what they were in May of 2019,” Squeri said in an interview with Jim Cramer on “Mad Money.” “We also believe that by the end of the year in the U.S. we will have a full consumer recovery from a travel perspective, and overall by the end of the year I think globally we’ll probably be about 80% of what we were in 2019,” he added. The Transportation Security Administration screened million people at airports on Friday, the first time in 15 months that more than 2 million passengers have passed through checkpoints in a single day. Still, that’s just 74% of travel volumes on the same day in 2019, according to the agency. American Express is seeing a rebound in restaurant spending, too, Squeri said, with May dining expenses totaling 85% of May 2019 levels. “The people that are really spending a lot in restaurants [are] millennials — 130% in April of what they spent back in 2019,” he added. “We believe that that’s going to continue to move forward.” Delinquencies at American Express are at their lowest levels in years, and personal savings have doubled, Squeri said. “When you look at the U.S. economy right now, I think it’s really starting to come back,” he said. “Credit numbers are not like anybody thought they were going to be.” » Subscribe to CNBC TV: » Subscribe to CNBC: » Subscribe to CNBC Classic: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: Connect with CNBC News Online Get the latest news: Follow CNBC on LinkedIn: Follow CNBC News on Facebook: Follow CNBC News on Twitter: Follow CNBC News on Instagram: #CNBC #CNBCTV