Category Archives: Daily

retail sales/import prices

[Skip to the end] Karim writes: Headline retail sales stronger than expected at 1.29% and ex-autos also firm at 1.23% But ex-autos and gasoline closer to expectations at 0.64% and control group (feeds into GDP) in line at 0.50%. Headline … Continue reading

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Data Review

[Skip to the end] Karim writes: ‘Mixed’ Claims Initial down 12k to 545k Continuing + Emergency + Extended up 161k Housing Starts up 0.2% in August with single family down 3%, first drop in this sector since Feb Permits up … Continue reading

Posted in Daily, Employment, Fed, Housing |

Retail/PPI

[Skip to the end] Karim writes: Retail sales weaker than expected (especially in light of fact that May/June were peak months for consumer provisions in stimulus package) 0.6% headline; 0.3% ex-autos; -0.2% ex-autos and gasoline PPI Headline up 1.8%; 0.5% … Continue reading

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ISM (non-Mfg)

[Skip to the end] (email exchange) yes, seems second quarter earnings should be better than expected and that costs are way down which will add to profitability even with flattish sales. and very wide net interest margins will support bank … Continue reading

Posted in Daily, Equities, Karim | Tagged |

Bernanke/ISM

[Skip to the end] Karim writes: Doesn’t break a lot of new ground. Forecasts appears consistent with prior statements and still casts financial markets in a fragile light despite recent run-up in equities. Makes no mention of upping asset purchases … Continue reading

Posted in Daily, Deficit, Fed, Government Spending | Tagged |

Incomes up .5%

[Skip to the end] U.S. Consumer Spending in April Decreases 0.1%; Incomes Gain By Courtney Schlisserman June 1 (Bloomberg) — U.S. consumer spending fell in April for a second straight month as concern over rising unemployment prompted consumers to save. … Continue reading

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Durable Goods Order/Claims

Karim writes: Durable Goods Order/Claims Durables goods orders +1.9% headline; -1.5% ex-aircraft and defense (this is the measure used for the private sector capex component of GDP) Defense up 23.2% m/m; here are the prior 3mths for defense orders in … Continue reading

Posted in Daily, Karim | Tagged |

USER 5-14-2009

[Skip to the end] Producer Price Index MoM (Released 8;30 EST) Producer Price Index YoY (Released 8:30 EST) PPI Ex Food & Energy MoM (Released 8:30 EST) PPI Ex Food & Energy YoY (Released 8:30 EST) Initial Jobless Claims (Released … Continue reading

Posted in Daily, Uncategorized, USA |

2009-05-13 USER

[Skip to the end] Karim writes: Falling wage and salary income and rising savings rate continuing to take a toll on consumer spending. Recent pick-up in gas prices also likely hurting discretionary spending. April retail sales -0.4% and -0.5% ex-autos … Continue reading

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2009-05-12 USER

[Skip to the end] ICSC UBS Store Sales YoY (Released 7:45 EST) ICSC UBS Store Sales WoW (Released 7:45 EST) Redbook Store Sales Weekly YoY (Released 8:55 EST) Redbook Store Sales MoM (Released 8:55 EST) ICSC UBS Redbook Comparison TABLE … Continue reading

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