Rob Black’s Winners and Losers: $10B in gift cards don’t get used

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SAN FRANCISCO (KRON) — On today’s edition of Rob Black’s Winners and Losers, our financial expert Rob Black and KRON 4’s Mark Danon talk about Trump market reaction, the dollar, and gift cards.

Call it a grand irony. Donald Trump rode to victory on an electorate looking for a better economy and a better standard of living, but the financial market reaction caused a huge spike in mortgage interest rates. That just threw a big wrench into affordability for homebuyers.

A key dollar gauge leapt to its highest in nearly a year Monday, as investors priced in policy shifts expected to be undertaken during Donald Trump’s presidency in the U.S.

It’s estimated that half of Americans will give a gift card this holiday season. Almost one in three gift cards never get used at all. Americans spend $32 billion a year on the cards, representing nearly $10 billion in wasted money for consumers.

Black answers Sarah’s question: Are ETFs best choice for millennials?

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