JB Hi Fi boss Terry Smart says consumers are resilient but sees "heightened uncertainty"

There are growing signs that consumers are pulling back under the weight of Reserve Bank interest rate rises and the surging cost of living. The chief executive of the electronics retail JB Hi FI has told AM there's "heightened uncertainty" with a new survey showing consumer spending is in "outright decline" in Australia's two biggest states. Reporter: Senior Business Correspondent Peter Ryan Featured: Terry Smart, chief executive, JB Hi Fi