Independent thinking for complex markets and current events
The second attempt on a deal is considered “bare-bones” to avoid extras, particularly coming from colleagues in the U.S. Senate. This Continuing Resolution bill would allow the government to remain funded and running at the current levels until Dec. 20, leaving all future negotiations until right before the holidays. The first proposal was for six …
(Bloomberg) — The next US administration “must grapple with widening budget deficits,” warned Moody’s Ratings in a report published Tuesday, nearly a year after it announced a negative outlook for the country’s sovereign credit profile. “The administration’s tax and spending policies will affect the size of future budget deficits and the expected decline in US …
Each upgrade only comes out with a slightly better camera . Better just hanging on the phone for 5 years before upgrading again. Kuo estimated that sales of all four iPhone 16 models reached about 37 million units in the first weekend after Apple began accepting pre-orders, which is down nearly 13% compared to first-weekend …
Cable TV is in freefall, expected to drop to 70 million subscribers by the end of 2024, down from a peak of 105 million in 2010. Major companies like Disney and Warner Bros. Discovery are writing off billions in linear assets as streaming takes over. Even with pay TV still generating revenue, cable channels like …
Nonfarm payrolls expanded by 142,000 during August, down from 89,000 in July and below the 161,000 consensus forecast. The unemployment rate ticked down to 4.2%, as expected. However, the “real” unemployment rate edged up to 7.9%, its highest reading since October 2021. The previous two months saw substantial downward revisions. The BLS cut July’s total …
by confoundedinterest17 After watching the Democrat hate fest last night (Aka, the Democrat National Convention), I was not shocked that the DNC platform looked like a playbook to destroy the US economy. High taxes, endless spending, more regulations, etc. Not a word about the staggering side of the US debt load … with Harris’ economic plan …
Source: https://www.newyorkfed.org/microeconomics/sce/labor#/ TLDRS: The Federal Reserve Bank of New York’s July 2024 SCE Labor Market Survey reveals significant changes in the job market, with 28.4% of individuals actively searching for jobs, the highest level since the survey’s inception in 2014. The rise in job searches was particularly pronounced among those over 45, without a college degree, …
The PPI rose 0.1 percent in July vs. a 0.2 percent Bloomberg Econoday expectation. The way the PPI outperformed will please the Fed. Data from the BLS, chart by Mish. The PPI Report for July was a bit of pleasant news this morning. PPI Key Points The Producer Price Index for final demand increased 0.1 percent in …
This reeks of desperation… https://philadelphia.craigslist.org/cps/d/philadelphia-get-paid-to-talk-to/7772086165.html At the Kamala Harris rally in Philly today and the crowd is already lining up down the block. Doors haven’t even opened yet. Expecting 10k+ to come tonight. Fired up for Kamala Harris and Tim Walz! pic.twitter.com/WrmDCu7lVu — Aaron Parnas (@AaronParnas) August 6, 2024 h/t MT Ballsack
Flooding likely a big story from Debby. Slowdown will cause tremendous rain totals. Rain training off the Atlantic and even the Gulf will be possible. Rivers then will be filled with bigger problems. Latest outlook here showing 20" plus for some. https://t.co/Hk3pbO7x8H pic.twitter.com/dhbX8hapss — Mike's Weather Page (@tropicalupdate) August 4, 2024 …DEBBY STRENGTHENING OVER THE …
Inflation-adjusted hourly compensation is down 5.2% since the final quarter of '20 and is unchanged from a year ago, despite an increase in productivity and higher nominal pay: pic.twitter.com/1goh8soIMQ — E.J. Antoni, Ph.D. (@RealEJAntoni) August 1, 2024 US CPI inflation set to collapse. The Q2 productivity and unit labour cost data are just out and …
via Mike Shedlock Nonstore sales (think Amazon) were up 1.9 percent from a month ago. Motor vehicles and parts fell 2.0 percent. This behavior has been ongoing since April of 2022. Retail sales from the commerce department, chart by Mish The Bloomberg Econoday consensus expected retail sales would decline by 0.3 percent in May. Instead, …
Apple expected orders to jump by 10%. And let me guess, in two months they'll be reducing them. Every. Single. Year. https://t.co/cSOUi8xfDj pic.twitter.com/hnieKIiIuj — Kakashii (@kakashiii111) July 10, 2024 $AAPL rallying on a Bloomberg report that it "expects" a 10% jump in iPhone shipments in the second half of 2024. Buried at the end of …
Overall CPI-U: The Consumer Price Index for All Urban Consumers (CPI-U) remained unchanged in May on a seasonally adjusted basis, following a 0.3% increase in April. Over the last 12 months, the all items index rose by 3.3% before seasonal adjustment. Shelter Index: The index for shelter increased by 0.4% in May, marking the fourth …
The screen reads: “Add a tip: 18%. 20%. 25%.” For a takeout sack of burgers and soggy fries? C’mon. It takes extra taps to change it to 10% or zero. Instead, we sheepishly tip and feel resentful. Using Internal Revenue Service data, I extrapolate that tipping has almost doubled since 2013, when San Francisco-based Square …
by mmofrki I’ve heard that unemployment is severely down but that’s due to most people needing to work upwards of three jobs just to scrape by. It’s scary how unsustainable it is. Especially given how unaffordable Healthcare is in the US, now imagine exhausted, sleep deprived people having heart attacks or other cardiovascular issues due …
December 2023: SOFTBANK IS THE BLACK SWAN https://t.co/vbF8lfTLt8 pic.twitter.com/7wUx9nlQKs — JustDario 🏊♂️ (@DarioCpx) December 4, 2023 Now: BREAKING: #softbank results have been POSTPONED to next week 👀 Either they needed more time to cook the numbers or their troubles are spiralling now 😬 Narrator: notice the “(plan)” in the expected timing now https://t.co/axry402XnY pic.twitter.com/4RpcNOEEhq — …
WASHINGTON (AP) — Roughly 100,000 immigrants who were brought to the U.S. as children are expected to enroll in the Affordable Care Act’s health insurance next year under a directive the Biden administration released Friday. The move took longer than promised to finalize and fell short of Democratic President Joe Biden’s initial proposal to allow those migrants …
🚨🏴 BREAKING: Humza Yousaf to Resign as Scotland's First Minister He is set to resign amid political turmoil, facing a no-confidence vote and internal party divisions. T Yousaf's controversial statements and policies, including remarks on "white people and support for woke… pic.twitter.com/7wLx0wcNnG — Mario Nawfal (@MarioNawfal) April 29, 2024 Humza Yousaf’s resignation comes weeks after …
That's a whole lot of construction employees… 🚈 — Don Johnson (@DonMiami3) April 21, 2024 Manufacturing Capacity Utilization w/12mma lag decreased to 78.97% in March pic.twitter.com/wv8uiHAuqE — MacroEdge (@MacroEdgeRes) April 21, 2024 Intriguing. pic.twitter.com/jY5G19CaT0 — Don Johnson (@DonMiami3) April 21, 2024 h/t DesmondMilesDant
Consumer prices in March rose 11% m/m versus est. 12.1.% Argentina central bank cut benchmark rate Thursday to 70% Monthly inflation in Argentina slowed more than expected in March, cooling for the third straight print as President Javier Milei’s austerity hurts consumer spending. Consumer prices rose 11% from February to March, less than economists expectations for 12.1%, according …
It might soon become harder to make healthy breakfasts . Cal-Maine Foods, Inc., the largest producer of eggs in the United States, has closed one of its facilities in Texas due to an outbreak of the highly pathogenic avian influenza (H5N1). Two million birds have succumbed to the virus, leading to the depopulation of approximately …
Office Vacancy Rates expected to hit highest level in history during Q1 2024 pic.twitter.com/kU48krStdE — Win Smart, CFA (@WinfieldSmart) April 2, 2024 Rising Commercial Real Estate Delinquency Rates Delinquency rates for commercial real estate have risen during each of the past three recessionary periods, and they are currently on the rise again. This chart shows …
Joe Biden’s fundraiser with Barack Obama and Bill Clinton is going well. pic.twitter.com/XkO5qFszwg — ALX 🇺🇸 (@alx) March 29, 2024
via naturalnews Is the world heading towards a major global food collapse? The governments of the European Union (EU) sure seem to think so. As of right now, EU governments have begun conducting major food crisis war games simulations that predict serious food supply and logistics problems as soon as this year going into next …
by confoundedinterest17 Every little thing Biden touches turns into disaster. Like the Federal Budget(consider it the fiscal version of the Afghanistan withdrawal). Following yesterday’s release of Biden’s $7.3 trillion budget, the Biden administration bragged about lowering the deficit by $3 trillion over the next decade – an average of 0.8% of GDP over that period. This would …
via Mike Shedlock Economists expected ISM manufacturing to improve to a nearly flat 49.5. Instead the index fell to 47.8 from 49.1. ISM chart and excerpts below by permission from the Institute for Supply Management® ISM® Please consider the February 2024 Manufacturing ISM® Report On Business® emphasis mine. The U.S. manufacturing sector contracted in February, as the Manufacturing …
via moneymetals Net central bank gold buying exceeded 1,000 tons two straight years, and commodity analysts at ANZ Bank expect central bank gold demand to continue hot for at least the next six years. [Emerging market] central banks could purchase over 600 tons of gold annually until 2030, to take its share in their foreign reserves to …
Major investors pull business from New York City following Trump verdict. “Prominent investors have signaled their intent to halt their business in New York following the $355 million verdict in former President Donald Trump’s civil fraud case. Real estate mogul Grant Cardone announced on Tuesday that his firm Cardone Capital would no longer underwrite New …
by confoundedinterest17 This reminds me of “The Human Farm” episode of Parks and Recreation. A new report from the US Department of Agriculture forecasts that US farmers are poised for another year of financial misery, facing the most significant decline in incomes in almost two decades as crop prices slide and US dominance in ag exports wanes. USDA forecasts …