Last Friday, I appeared on CNBC’s The Exchange to discuss the economy and the markets. Listen in to hear more.
Last Friday, I appeared on CNBC’s The Exchange to discuss the economy and the markets. Listen in to hear more.
Last week’s economic updates continued to show the devastating impact that shelter-in-place orders had on the economy in April, highlighted by historically bad retail sales and industrial production reports. This week will be relatively quiet for economic updates, with the focus on housing, the FOMC minutes, and the weekly initial jobless claims report.
The highlights of last week’s economic news were reports on trade, service sector confidence, and the jobs market. This week will be another busy one for updates, with releases scheduled on inflation, retail sales, industrial production, and consumer sentiment.
Last week saw the release of several important economic updates, with the initial look at economic growth in the first quarter drawing much of the attention. The pace of reports this week will be slower, but the release of April’s employment report on Friday will be closely monitored.
I appeared on Yahoo Finance’s The Final Round to discuss the impact of coronavirus on the market. Listen in to hear more.
The economic data released last week largely came in above forecasts, primarily due to very low expectations by economists rather than significantly better economic activity. This week will be another busy one. We’ll get our first look at first-quarter GDP growth, the personal spending and income reports for March, and the weekly initial jobless claims report. Updates on consumer and manufacturer confidence will also be highlighted.
Is the recent market stumble something to worry about? I discuss this and more on CNBC’s The Exchange.
April 20, 2020
The economic data released last week came in largely worse than expected, highlighting the very real headwinds the economy is facing with the majority of the country effectively shut down. March’s retail sales and industrial production reports were two of the most disappointing releases, but the weakness was widespread. This week will again be packed with important reports, with highlights on housing sales, business and consumer sentiment, and business spending. We’ll also look closely at the weekly initial unemployment claims.
April 13, 2020
The data releases last week were disappointing but not surprising, given the headwinds created by the widespread efforts to combat the spread of the coronavirus. Six million Americans filed for initial unemployment claims for the second week in a row, and the drop in consumer sentiment set a record. This week will be packed with important updates, with an emphasis on the March retail sales report on Wednesday and the weekly initial jobless claims report on Thursday.
April 6, 2020
The economic updates released last week came in generally better than expected. Business confidence remained surprisingly resilient, while employment figures, despite being very weak, did not reflect recent layoffs. This week will again be packed with economic updates, including reports on inflation, consumer confidence, and weekly initial jobless claims.
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