Bump when these numbers move

NigelUno wrote:https://www.marketwatch.com/story/consumer-inflation-hits-6-year-high-cpi-shows-2018-07-12

Heat Miser wrote:

NigelUno wrote:https://www.marketwatch.com/story/consumer-inflation-hits-6-year-high-cpi-shows-2018-07-12

There goes you're tax cut.

General Motors shares tumbled Wednesday after the largest U.S. automaker cut its profit outlook for the year, citing higher costs for raw materials and unfavorable foreign exchange rates in South America. Steel and and aluminum prices have been on the rise since the Trump administration imposed tariffs on the auto industry's two key raw materials.

The automaker now expects to earn about $6 per share in 2018, down from its previous forecast of $6.30 to $6.60 a share. GM shares were down more than 5 percent premarket trading.

Rival Fiat Chrysler on Wednesday also cut its outlook for the year and its shares were down nearly 8 percent before the market's open. Ford, which reports after the market closes on Wednesday was down more than 2 percent.

InTenSity wrote:

General Motors shares tumbled Wednesday after the largest U.S. automaker cut its profit outlook for the year, citing higher costs for raw materials and unfavorable foreign exchange rates in South America. Steel and and aluminum prices have been on the rise since the Trump administration imposed tariffs on the auto industry's two key raw materials.

The automaker now expects to earn about $6 per share in 2018, down from its previous forecast of $6.30 to $6.60 a share. GM shares were down more than 5 percent premarket trading.

Rival Fiat Chrysler on Wednesday also cut its outlook for the year and its shares were down nearly 8 percent before the market's open. Ford, which reports after the market closes on Wednesday was down more than 2 percent.

WASHINGTON (Reuters) - U.S. homebuilding fell to a nine-month low in June and permits for future construction declined for a third straight month, dealing a blow to the housing market as it struggles with a dearth of properties available for sale.

Sales of new single-family houses in the United States declined 5.3 percent from the previous month.

Hiring slowed in July as employers added 157,000 jobs in a possible sign that worker shortages and widening U.S. trade spats are starting to damp employment gains.

The Labor Department said Tuesday that job openings barely increased, rising 3,000 to 6.66 million. That's more than the 6.56 million people who were searching for work in June. It's also close to April's figure of 6.8 million, a record high. Overall hiring slipped to 5.65 million from 5.75 million, and the number of people quitting their jobs declined slightly to 3.4 million from nearly 3.5 million in May.

The figures reflect a robust job market. The unemployed typically outnumber job openings, but that reversed this spring amid strong demand from employers. Businesses are optimistic about the outlook and stepping up hiring in anticipation of solid future growth. The economy expanded at a 4.1 percent annual rate in the April-June quarter, the fastest pace in four years.

LooseGoose wrote:From the pro-Trump Associated Press:

Open Jobs Outnumber US Unemployed For 3rd Straight Month

The Labor Department said Tuesday that job openings barely increased, rising 3,000 to 6.66 million. That's more than the 6.56 million people who were searching for work in June. It's also close to April's figure of 6.8 million, a record high. Overall hiring slipped to 5.65 million from 5.75 million, and the number of people quitting their jobs declined slightly to 3.4 million from nearly 3.5 million in May.

The figures reflect a robust job market. The unemployed typically outnumber job openings, but that reversed this spring amid strong demand from employers. Businesses are optimistic about the outlook and stepping up hiring in anticipation of solid future growth. The economy expanded at a 4.1 percent annual rate in the April-June quarter, the fastest pace in four years.

NigelUno wrote:South Carolina's first tariffs casualty: Television factory in Winnsboro closes, lays off 126

Heat Miser wrote:Highest Core Inflation in Decade Flattens Real U.S. Wage Growth

Same issue the right was bitching about under the Obama recovery (stagnant wage growth), except now it's worse due to Orange Fuckface McTraitor's shitty policies juicing inflation. Things will really hit the fan when the inevitable recession arrives.

Heat Miser wrote:Case Labs & Parent Company shutting down permanently thanks to tariffs

Retail sales for July rose 0.5 percent, substantially beating the 0.1 percent consensus expectation and marking the sixth consecutive month of gains. Over the past 12 months, retail sales are up 6.4 percent, the fastest pace since 2012 (see chart). The details of the report suggest that U.S. economic growth is maintaining strong momentum, supported by consumer spending and a robust labor market.

Productivity, which has had very small gains or even retreated in recent years, rose 2.9 percent in the most recent quarter compared with the prior quarter. That topped expectations for gains of 2.5 percent and was far above the paltry 0.4 percent increase in the first quarter.

@BLS_gov @BLS_gov
Productivity rises 2.9% in second-quarter 2018; unit labor costs fall 0.9% (annual rates) https://go.usa.gov/vrn #Productivity #BLSdata

The Federal Reserves New York State manufacturing survey also highlighted economic strength and showed no signs of stress from tariffs or anecdotal reports of parts shortages. The survey came in at 25.6, moving higher when economists had expected a decline to 20 from the prior reading of 22.6. The survey asks 200 manufacturing executives for their views on business conditions.

LooseGoose wrote:Yeah things are going to hell.

Retail Sales Easily Beat Expectations in July

Retail sales for July rose 0.5 percent, substantially beating the 0.1 percent consensus expectation and marking the sixth consecutive month of gains. Over the past 12 months, retail sales are up 6.4 percent, the fastest pace since 2012 (see chart). The details of the report suggest that U.S. economic growth is maintaining strong momentum, supported by consumer spending and a robust labor market.

Productivity, which has had very small gains or even retreated in recent years, rose 2.9 percent in the most recent quarter compared with the prior quarter. That topped expectations for gains of 2.5 percent and was far above the paltry 0.4 percent increase in the first quarter.

BLS-Labor Statistics
‏
Verified account

@BLS_gov @BLS_gov
Productivity rises 2.9% in second-quarter 2018; unit labor costs fall 0.9% (annual rates) https://go.usa.gov/vrn #Productivity #BLSdata

Yep that trade war is killing us....

The Federal Reserves New York State manufacturing survey also highlighted economic strength and showed no signs of stress from tariffs or anecdotal reports of parts shortages. The survey came in at 25.6, moving higher when economists had expected a decline to 20 from the prior reading of 22.6. The survey asks 200 manufacturing executives for their views on business conditions.

Walmart is making headway in its pitched battle with Amazon, with its online sales soaring in the most recent quarter.

Online sales in the U.S. leaped 40 percent, a sign that Walmart's aggressive moves to bolster its e-commerce business by ramping up the fashion, adding thousands of new choices, and scooping up other, niche sites, is paying off.

Physical stores held their own as well during Walmart's latest quarter, which spanned May through July. Sales at locations open at least a year rose 4.5 percent, the biggest uptick in more than a decade. as shoppers flocked to their local Walmart to pick up groceries, clothing and seasonal items.

Not only did more customers head to their stores, increasing foot traffic 2.2 percent, they spent more while they were there. "We're getting new customers,'' Greg Foran, CEO of Walmart U.S. said in a media call Thursday, "and we're getting existing customers to put an extra item in’’ their shopping carts.

Robert J Sakimano wrote: thanks for the mainstream media link.

LooseGoose wrote:I know none of you shop where the poors that elected Trump do....but it seems they might have a bit more $$ in their pockets to spend.

Walmart makes headway in battle with Amazon as online sales soar

Walmart is making headway in its pitched battle with Amazon, with its online sales soaring in the most recent quarter.

Online sales in the U.S. leaped 40 percent, a sign that Walmart's aggressive moves to bolster its e-commerce business by ramping up the fashion, adding thousands of new choices, and scooping up other, niche sites, is paying off.

Physical stores held their own as well during Walmart's latest quarter, which spanned May through July. Sales at locations open at least a year rose 4.5 percent, the biggest uptick in more than a decade. as shoppers flocked to their local Walmart to pick up groceries, clothing and seasonal items.

Not only did more customers head to their stores, increasing foot traffic 2.2 percent, they spent more while they were there. "We're getting new customers,'' Greg Foran, CEO of Walmart U.S. said in a media call Thursday, "and we're getting existing customers to put an extra item in’’ their shopping carts.

Oh...and the online thing? It's probably people like me switching most of their business from Amazon to Walmart to quit feeding the liberal money machine.

Heat Miser wrote:

LooseGoose wrote:I know none of you shop where the poors that elected Trump do....but it seems they might have a bit more $$ in their pockets to spend.

Walmart makes headway in battle with Amazon as online sales soar



Oh...and the online thing? It's probably people like me switching most of their business from Amazon to Walmart to quit feeding the liberal money machine.

Or maybe the number of poor people forced to shop at Walmart keeps growing thanks to decades of shitty Republican policy?

And of course one of the main reasons poor people remain poor is because every time they get "a bit more $$ in their pockets", they spend it.

And again your Republican overlords laugh at you over dinner at the country club.

LooseGoose wrote:I know none of you shop where the poors that elected Trump do....but it seems they might have a bit more $$ in their pockets to spend.

Walmart makes headway in battle with Amazon as online sales soar

Walmart is making headway in its pitched battle with Amazon, with its online sales soaring in the most recent quarter.

Online sales in the U.S. leaped 40 percent, a sign that Walmart's aggressive moves to bolster its e-commerce business by ramping up the fashion, adding thousands of new choices, and scooping up other, niche sites, is paying off.

Physical stores held their own as well during Walmart's latest quarter, which spanned May through July. Sales at locations open at least a year rose 4.5 percent, the biggest uptick in more than a decade. as shoppers flocked to their local Walmart to pick up groceries, clothing and seasonal items.

Not only did more customers head to their stores, increasing foot traffic 2.2 percent, they spent more while they were there. "We're getting new customers,'' Greg Foran, CEO of Walmart U.S. said in a media call Thursday, "and we're getting existing customers to put an extra item in’’ their shopping carts.

Oh...and the online thing? It's probably people like me switching most of their business from Amazon to Walmart to quit feeding the liberal money machine.

LooseGoose wrote:

Robert J Sakimano wrote: thanks for the mainstream media link.

Of all your silly schticks I have to admit this one amuses me the most.

You seem to think that you're convincing people that you somehow get your information unvarnished from some other source than the "mainstream media".

You feed on the same diet of bullshit as the rest of America, the difference is you believe it's all true. Now tell me who the naive one is?

LooseGoose wrote:

Robert J Sakimano wrote: thanks for the mainstream media link.

Of all your silly schticks I have to admit this one amuses me the most.

You seem to think that you're convincing people that you somehow get your information unvarnished from some other source than the "mainstream media".

You feed on the same diet of bullshit as the rest of America, the difference is you believe it's all true. Now tell me who the naive one is?

LooseGoose wrote:I know none of you shop where the poors that elected Trump do....but it seems they might have a bit more $$ in their pockets to spend.

Walmart makes headway in battle with Amazon as online sales soar

Walmart is making headway in its pitched battle with Amazon, with its online sales soaring in the most recent quarter.

Online sales in the U.S. leaped 40 percent, a sign that Walmart's aggressive moves to bolster its e-commerce business by ramping up the fashion, adding thousands of new choices, and scooping up other, niche sites, is paying off.

Physical stores held their own as well during Walmart's latest quarter, which spanned May through July. Sales at locations open at least a year rose 4.5 percent, the biggest uptick in more than a decade. as shoppers flocked to their local Walmart to pick up groceries, clothing and seasonal items.

Not only did more customers head to their stores, increasing foot traffic 2.2 percent, they spent more while they were there. "We're getting new customers,'' Greg Foran, CEO of Walmart U.S. said in a media call Thursday, "and we're getting existing customers to put an extra item in’’ their shopping carts.

Oh...and the online thing? It's probably people like me switching most of their business from Amazon to Walmart to quit feeding the liberal money machine.

LooseGoose wrote:Again, I know Wally is for the poors so none of this applies to anyone here.....but if you wonder why more people aren't joining you in the hatefest...

Joe Weisenthal
@TheStalwart
Scott Mushkin, retail analyst at Wolfe Research, just said on #WDYM that based on his conversations, Walmart executives believe that right now is the best economy for their customers that they've seen in two decades.

3:39 PM - Aug 16, 2018
99
61 people are talking about this

......oh, and this....

Youth Unemployment Hits 52-Year Low

If a Dem were President you and the Press would be cumming on yourselves.

What Truckers & Railroads Just Said about the US Economy
by Wolf Richter • Aug 16, 2018 • 20 Comments
It’s cyclical.

The transportation sector is a reflection of the goods-based economy in the US. Demand has been blistering across all modes of transportation. Freight shipment volume (not pricing… we’ll get to pricing in a moment) by truck, rail, air, and barge, according to the Cass Freight Index jumped 10.6% in July compared to a year earlier. This pushed the index, which is not seasonally adjusted, to its highest level for July since 2007.

LooseGoose wrote:

What Truckers & Railroads Just Said about the US Economy
by Wolf Richter • Aug 16, 2018 • 20 Comments

It’s cyclical.

The transportation sector is a reflection of the goods-based economy in the US. Demand has been blistering across all modes of transportation. Freight shipment volume (not pricing… we’ll get to pricing in a moment) by truck, rail, air, and barge, according to the Cass Freight Index  jumped 10.6% in July compared to a year earlier. This pushed the index, which is not seasonally adjusted, to its highest level for July since 2007.

https://wolfstreet.com/2018/08/16/trucking-rail-transportation-freight-costs-volume/

LooseGoose wrote:Gosh....a year over 400% increase in Black owned businesses.....wonder if that has anything to do with Trump's improving numbers in that community?

LooseGoose wrote:

What Truckers & Railroads Just Said about the US Economy
by Wolf Richter • Aug 16, 2018 • 20 Comments
It’s cyclical.

The transportation sector is a reflection of the goods-based economy in the US. Demand has been blistering across all modes of transportation. Freight shipment volume (not pricing… we’ll get to pricing in a moment) by truck, rail, air, and barge, according to the Cass Freight Index jumped 10.6% in July compared to a year earlier. This pushed the index, which is not seasonally adjusted, to its highest level for July since 2007.

https://wolfstreet.com/2018/08/16/trucking-rail-transportation-freight-costs-volume/