Consumer pessimism decreased in May as the Consumer Confidence Index rose to 98, driven by a reduction in U.S.-China tariff tensions. Despite the optimism, concerns about inflation due to ongoing tariffs remain prevalent, while expectations for economic growth are still cautious.

The U.S. television industry's annual ad-selling season faces uncertainty due to potential tariff-induced economic downturns. Analysts predict a significant drop in ad spending, estimating a decline of $4 billion, as brands may reduce their commitments amid waning consumer confidence. Media companies are expected to make pricing concessions to attract advertisers during this challenging period.

US stock markets have dropped significantly following Trump's tariff announcements, leading to concerns about a potential recession and its impact on startups. Despite the current turmoil, there are reasons for optimism, as many founders have navigated similar challenges in the past, and the economic climate is expected to improve over time. Business leaders are encouraged to focus on survival while maintaining their values during this uncertain period.