STATUS CHECK: NO GOOD NEWS FOR VIRUS, GDP, JOBS; TRUMP DISTRACTS
WASHINGTON (MaceNews) – The following is Thursday’s status check of developments in the U.S. that can influence economic, health and political outcomes: Thursday’s welter of policy countercurrents, paralysis and confusion about ominous suggestions from the president was in contrast to the stark facts about the virus that stood out in sharp relief, that there were […]
STATUS CHECK: NO HAPPY TALK FROM POWELL; VIRUS STATS GRIM
WASHINGTON (MaceNews) – The following is Wednesday’s status check of developments in the U.S. that can influence economic, health and political outcomes: The VIX mood ring turned a more mellow shade Wednesday, improving a notable 5.27% to settle at 24.10 by day’s end. U.S stocks finished the day’s session +0.61% or 160.29 points, and in […]
DATA FLASH: US JULY CONFIDENCE PLUNGES; CITES COVID REBOUND
–Current Condition Readings Improved, But Outlook Deteriorated on Uncertainty–Manufacturing Regional Data Point to Expansion, But Services Readings Plunge By Kevin Kastner WASHINGTON (MaceNews) – The Conference Board’s U.S. consumer confidence index Tuesday fell to a reading of 92.6 in July from an upward revised 98.3 reading in June, with concerns about the resurgence of COVID-19 […]
THE JULY FOMC AND BEYOND – WHAT TO EXPECT FROM THE FED
By Steven K. Beckner (MaceNews) – Even though the U.S. economy’s partial recovery has lately shown signs of faltering in face of renewed anti-coronavirus restrictions, it would be little short of astonishing if the Federal Reserve’s policy making Federal Open Market Committee were to announce any new monetary stimulus initiatives at the conclusion of its […]
GERMAN BUSINESS SENTIMENT IMPROVED FOR 3RD CONSECUTIVE MONTH
By Marco Babic ZURICH (MaceNews) – Business confidence in Germany improved for the third consecutive month, beating market expectations and showing German businesses are more optimistic about the future, the IFO Institute reported Monday. The Ifo Institute’s Business Climate Index rose to 90.5 in July from a revised 86.3 (86.2) in June, beating the median […]
STATUS CHECK: NEXT WK, FOMC AND US GDP. MORE NASDAQ WOES?
WASHINGTON (MaceNews) – The following is Friday’s’ status check of developments in the U.S. that can influence economic, health and political outcomes: The VIX stayed about the same at 25.84 Friday after U.S. stocks were modestly negative for a second day. The DJIA finished -0.68%/-`82.94 and off 0.76% for the week. S&P -0.67%/-20.03 and also […]
DATA PREVIEW: THE COVID BILL COMES DUE WITH Q2 US GDP
By Kevin Kastner WASHINGTON (MaceNews) – All throughout the COVID-19 shutdown, everyone from talking heads to economists to politicians spoke about second quarter GDP in ominous terms – a data point that was way down the road at the time. So now here we are. The advance estimate of second-quarter GDP will be released Thursday […]
STATUS CHECK: TRUMP ‘TO SET EXAMPLE’ BY AXING JACKSONVILLE CONVENTION SITE
WASHINGTON (MaceNews) – The following is Thursday’s updated status check of developments in the U.S. that can influence economic, health and political outcomes: The VIX jumped more than 7% into anxiety territory at 26.08 reflecting the negativity in the day’s stocks action. The DJIA took a 1.32% hit, falling 353.51 but it was the Nasdaq […]
DATA FLASH: US INITIAL CLAIMS RISE, CONGRESS DEBATES NEXT STEP
–-Initial Claims +109,000 to 1.416 Mln; Continuing Claims -1.107m to 16.197 Mln By Kevin Kastner WASHINGTON (MaceNews) – As Congress debates how to deal with the end of July deadline for the extended jobless claims program, another 1.416 million initial claims were filed in the July 18 employment survey week, up 109,000 from the level in […]
STATUS CHECK: BIRX ASKS FOR NORTHEAST HELP IN FREEING TESTING FOR THE SOUTH
WASHINGTON (MaceNews) – The following is Wednesday’s updated status check of developments in the U.S. that can influence economic, health and political outcomes: With the VIX calmer (down) another 2% at 24.32 after-hours stock futures late Wednesday showed little movement after the day’s positive session boosting the DJIA +0.62%/+164.44. S&P finished +0.57%/+18.72; Nasdaq +0.24%/+25.76. The […]