BofA GLOBAL RESEARCH FUND MANAGER SURVEY: RECESSION FEARS DOMINATE
–In April, Global Investors Extremely Pessimistic Re World Growth By Vicki Schmelzer NEW YORK (MaceNews) – Recession fears dominated in April, with global investors extremely pessimistic about world growth prospects in the wake of the spread of COVID-19, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. A record net […]
DATA FLASH: US FEBRUARY JOLTS DATA POINT TO SLOWDOWN BEFORE MARCH DROP
-Openings, Hiring Slow Even Before COVID; Layoffs to Surge in March By Kevin Kastner WASHINGTON (MaceNews) – The US Bureau of Labor Statistics’ monthly JOLTS report, released Tuesday morning, showed that job openings and hiring conditions slowed in February and layoffs rose, even before the full COVID impact. Job openings fell to 6.882 million in […]
NEW PHILADELPHIA FED SURVEY: ALMOST 25% OF DISTRICT COMPANIES SHUT DUE TO PANDEMIC
By Jon Hurdle PHILADELPHIA (MaceNews) – Almost a quarter of companies surveyed by the Federal Reserve Bank of Philadelphia temporarily shut down because of the coronavirus in the week ending March 29, the Philly Fed said Thursday in its first weekly survey https://www.philadelphiafed.org/-/media/research-and-data/regional-economy/covid-19-survey/2020/20200402-covid-19-bos-survey.pdf?la=en of how businesses in the Third District are responding to the pandemic. […]
DATA FLASH: US MARCH MANUFACTURING ISM TICKS DOWN ON UNCERTAINTY
-Decline Follows Disappointing Regional Data, Markit Revised Lower By Kevin Kastner WASHINGTON (MaceNews) – Manufacturing sector activity contracted modestly in March according to the Institute of Supply Management, slightly better than the regional data leading up to it, but likely the first in a string of monthly declines. The headline PMI index fell to 49.1 […]
Data Flash: US March Confidence Falls; Social Distance Rules, Coverage Rage On
-Conference Board’s Measure Echoes Michigan Sentiment By Kevin Kastner WASHINGTON (MaceNews) – The Conference Board’s U.S. consumer confidence index fell in March to a reading of 120.0 from 132.6 in February, another indication that COVID-19 had severely impacted the psyche of consumers in just a few weeks, the Conference Board reported Tuesday. The report, based […]
Data Flash: February Real PCE Up 0.1%, But March Plunge to Come
–US February Personal Income Up 0.6%, Nominal PCE Up 0.2%, Core Prices +0.2% –U.S. March Michigan Sentiment Index Revised Down to 89.1 By Kevin Kastner WASHINGTON (MaceNews) – Real Personal Consumption Expenditures rose by 0.1% in February, a second straight gain and a positive for first quarter consumption and GDP, the Commerce Department reported Friday. […]
WHITE HOUSE WATCH: GRUESOME VIRUS DEVELOPMENTS HARDLY NEWS ANY MORE
By Denny Gulino WASHINGTON (MaceNews) – Virus infection cases kept multiplying Thursday, death tolls kept going up, more governors and mayors ignored President Trump’s dream of packed churches on Easter and the U.S. kept mostly ignoring the kind of contact tracing that slowed the virus to a crawl elsewhere. By one count the U.S number […]
DATA FLASH: US INITIAL CLAIMS SOAR AS MILLIONS LAID OFF; MORE TO COME
–Initial Claims Jump by 3.001 Mln To Record 3.283 Mln By Kevin Kastner WASHINGTON (MaceNews) – With millions laid off in the March 21 due to business shutdowns, initial jobless claims surged to a record high level in Thursday’s data, and are likely to go further as displaced workers sign up for benefits and any […]
DATA FLASH: US FEB DURABLE GOODS ORDERS +1.2%
–FHFA Home Price Index +0.3% By Kevin Kastner WASHINGTON (MaceNews) – US durable goods new orders rose solidly in February, but the headline number was almost entirely driven by a transportation surge, the Commerce Department reported Wednesday. Orders rose by 1.2% (-0.6% expected) in February but were down 0.6% (-0.3% expected) when a 4.6% jump […]
WHITE HOUSE WATCH: ‘DIFFICULT TRADEOFFS;’ UNPRECEDENTED QE; ACCELERATING INFECTION
–US Fatalities Top 100 in One Day For First Time –Phase 3 Congressional Help Days Away At Best –Federal Reserve Goes Big, Bigger, Biggest By Denny Gulino WASHINGTON (MaceNews) – Americans who in even greater numbers are staying at home Monday were suddenly being asked to choose between two virus scenarios, one espoused by medical […]