Why consumer confidence is surging

The University of Michigan’s consumer sentiment survey shot up more than 8% in March to the highest level in a year (it’s still about 7% below pre-pandemic levels). Given that consumer spending makes up about 70% of the economy, it’s key to the economic recovery from COVID-19. On today’s show: American consumerism is back. Plus, movie theaters are reopening without their biggest moneymaker, the consequences of maintaining vaccine borders and how the pandemic changed our perception of privacy.