STATUS CHECK – AS PANDEMIC RELIEF TALKS GO ON, A DEEPENING CRISIS
–Presidential Aide Hope Hicks Tests Positive WASHINGTON (MaceNews) – The following is Thursday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · Amazon said Thursday 20,000 of its 1.4 million employees have tested positive for the coronavirus and on Wednesday alone, another 41,000 cases were diagnosed positive across […]
STATUS CHECK: GOODBYE RBG; NOW YEARS, MAYBE DECADES OF SOMETHING ELSE
WASHINGTON (MaceNews) – The following is Friday’s status check of developments in the U.S. that can influence economic, health and political outcomes. It was 12:53 in the afternoon, eastern time, when the hearse carrying Ruth Bader Ginsburg began to leave the Capitol grounds, the casket having been precisely positioned inside by the stiff military honor […]
STATUS CHECK: SOLEMNITY AND THE USUAL DISCORDANT NOTES
WASHINGTON (MaceNews) – The following is Thursday’s status check of developments in the U.S. that can influence economic, health and political outcomes. The quiet day-long procession of Americans paying respect to Ruth Bader Ginsburg was the day’s solemn background music, an impressive tribute to a remarkable woman. And then President Trump came by, wearing a […]
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 […]
FOMC DOUBLES DOWN ON INFLATION OVERSHOOTING
–To Aim ‘Moderately above 2% For Some Time’ –Will Have a Big Area of the Economy ‘That Struggles’ By Denny Gulino WASHINGTON (MaceNews) – The new era of Federal Reserve policy allowing an overshoot of its 2% inflation target for an extended time launched Wednesday with two Federal Open Market Committee dissents after a “robust […]
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 […]
DATA FLASH: US AUGUST PAYROLLS UP 1.371 MLN; UNEMP RATE 8.4%
-Retail, Government Sectors Lead Gain; Hourly Earnings Up 0.4% By Kevin Kastner WASHINGTON (MaceNews) – The August employment report showed continued payrolls improvement, though the size of those gains continues to slow and likely reflects the return of laid-off workers rather than new job creation. Likewise, the unemployment rate fell sharply in the month to […]
STATUS CHECK: A MARKETS PULLBACK AND A PRESIDENTIAL PUSHBACK
WASHINGTON (MaceNews) –-The following is Thursday’s status check of developments in the U.S. that can influence economic, health and political outcomes: So severe was the day’s stocks pullback that the Nasdaq – pulled down 4.96% – was the lowest it’s been since … Tuesday a week ago. After so many record highs, how serious was […]
STATUS CHECK: TRUMP WANTS TO DISOWN NYC, PORTLAND, D.C.
WASHINGTON (MaceNews) –-The following is Wednesday’s status check of developments in the U.S. that can influence economic, health and political outcomes: The day was full of campaign moves, some disguised as something else. For instance, President Trump’s memo to government agencies late in the day directed preparations be made to disown certain cities that he […]