DATA FLASH: US MANUFACTURING CONDITIONS EXPAND FURTHER
–ISM Mfg Index Falls Slightly to 55.4 in September, Below Expectations–Aug Construction Spending Stronger Than Expected;, Residential Surge–Personal Income Falls on Waning Benefits; PCE Gains Slowing–Initial Claims Decline Further; Continuing Claims Lowest Virus Count By Kevin Kastner WASHINGTON (MaceNews) – The September ISM index Thursday showed U.S. manufacturing sector activity expanded further, but at a […]
STATUS CHECK – AT LAST, ANOTHER ROUND OF PANDEMIC RELIEF – ALMOST
WASHINGTON (MaceNews) – The following is Wednesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. Suddenly the clouds are parting and a compromise on another round of pandemic relief money is now the expected outcome of further talks between Treasury Secretary Stephen Mnuchin Thursday. The Capitol newspaper Roll […]
JAPAN DATA: BOJ SEPT. TANKAN SHOWS BUSINESS SENTIMENT UP SLIGHTLY
By Max Sato TOKYO (MaceNews) – Major Japanese firms, led by carmakers and electronics makers, reported their sentiment edged up in September from three months earlier as businesses in their key markets reopened cautiously amid the lingering coronavirus pandemic, according to the Bank of Japan’s quarterly Tankan business survey released Thursday. The key points from […]
DATA PREVIEW: JOBS REPORT COULD SEE 1-2-3 PUNCH FROM HURRICANES
By Kevin Kastner WASHINGTON (MaceNews) – The September employment report could be hit with a triple shot from Hurricanes Marco, Laura, and Sally, adding to the already-slowing pace of gains seen over the last three months. Hurricane Marco slammed into the Gulf Coast on August 24, followed swiftly by Hurricane Laura on August 27, both […]
DATA PREVIEW: HOUSING SECTOR FUELED BY LOW RATES
By Kevin Kastner WASHINGTON (MaceNews) – While the retail and manufacturing sectors continue to improve from their spring lows, neither have received the benefits of record low interest rates as much as the housing sector. In the upcoming light data week, August home sales data will take center stage. After double digit gains in July, […]
STATUS CHECK: MORE ROUTINE JOBLESSNESS, POLITICAL SLURS
WASHINGTON (MaceNews) – The following is Thursday’s status check of developments in the U.S. that can influence economic, health and political outcomes: The news of the day was pretty routine. Another former White House insider, Olivia Troye, accused President Trump of being a hypocrite and in turn was described by the White House as just […]
DATA FLASH: AUGUST HOUSING STARTS SLOW DUE TO DROP IN MULTIFAMILY
–Housing Starts Fall By 5.1% to 1.416 Mln SAAR, But Single-Family Up 4.1%–Initial Jobless Claims Fall 33,000 to 860,000 in September 12 Week–Philadelphia Fed Index Slips to 15.0 in September Vs 17.2 August By Kevin Kastner WASHINGTON (MaceNews) – The U.S. August home building data, released Thursday, were weaker than expected. However, the data represent […]
STATUS CHECK: SIGNALS SENT, WITH SIGNINGS – AND ROCKETS
WASHINGTON (MaceNews) – The following is Tuesday’s status check of developments in the U.S. that can influence economic, health and political outcomes A lot of signaling embedded in the day’s news, starting with the signing of three documents at the White House, formally committing Bahrain, the UAE and Israel to open embassies in each other’s […]
DATA FLASH: US INDUSTRIAL PRODUCTION SUGGEST RECOVERY SLOWING
–Industrial Production Up Only 0.4%, Motor Vehicle Production Falls 3.7%–Manufacturing Production Up 1.0%, Rises 1.4% Excluding Motor Vehicles–Utilities Production Fall By 0.4%, Mining Drops 2.5% After Two Gains–Empire State Index Rises to 17.0 in September from 3.7 in August By Kevin Kastner WASHINGTON (MaceNews) – Industrial production posted another gain in August, continuing the string […]
STATUS CHECK: ALL THE NEWS THAT FITS, REGARDLESS
WASHINGTON (MaceNews) – The following is Monday’s status check of developments in the U.S. that can influence economic, health and political outcomes The beginning of the week and instead of a nice orderly prioritization of the day’s key events, a mélange of the sometimes sober, sometimes hard to believe, sometimes truly absurd happenings that were […]