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Japan Confirms total size of stimulus about 26 trillion yen
The direct fiscal measures will be 13.2 trillion with the rest coming from private sector partnerships. Actual spending will be 9.4 trillion yen and there will be an extra budget at 4.3 trillion yen.
Expected to be good for corporate sentiment but economists note that isn’t a classic near-term stimulus so it might not be felt much in 2020.
The government estimates the stimulus will boost real GDP by 1.4 percentage points.
BOJ’s Harada says Bold stimulus has helped improve Japan’s economy
It’s a bit premature to take a victory lap for the BOJ’s policies.
[i][color=orange][b]Everything is fixed it would seem ….
[/b][/color][/i]
[b][color=green] S&P index, +19.56 points or 0.63% at 3112.76. high was 3119.38.
NASDAQ index, +46.029 points or 0.54% at 8566.67. high was 8584.88.
Dow industrial average rose 146.97 points or 0.53% at 27649.78. high was 27727.45[/color][/b]Goldman Sachs initiated coverage on key trucking and freight companies:
Old Dominion Freight Line Inc. (NASDAQ: ODFL) Sell with $173 target ($181.78 close).
Knight-Swift Transportation Holdings Inc. (NYSE: KNX) Buy with a $45 target ($35.64 close).
Schneider National Inc. (NYSE: SNDR) Buy with a $27 target price ($22.03 close).
Werner Enterprises Inc. (NASDAQ: WERN) Buy rating and $45 target ( $35.53 close).[size=5][i]Official articles of IMPEACHMENT to be drafed — and sad day for USA 🙁
Nancy noted — “No I do not hate president as I PRAY for him each day” :whistle:
but maybe operative word is PREY instead 😉 :woohoo:[/i][/size]
[color=green][size=5][b]Dow 27,677.79 28.01 0.10%
S&P 500 3,117.43 4.67 0.15%
Nasdaq 8,570.70 4.03 0.05%
Gold 1,481.10 0.90 0.06%
Oil 58.33 -0.10 -0.17% [/b][/size][/color]
[size=5][i]If any of you like some of 1980 new wave artists –
below are some examples of some of my own FAVs for the playlist[/i][/size] 🙂US employment statistics for November 2019 will be released at 8:30 AM ET December 6, 2019.
The expectations are for:
Change nonfarm payroll 184K vs 128K last month
Change in private payroll (excludes government) 179K vs 131K last month
Change manufacturing payroll +40K vs -36K last month
Unemployment rate 3.6% versus 3.6% last month
Average hourly earnings MoM 0.3% versus 0.2% last month
Average hourly earnings YoY 3.0% versus 3.0% last month
Average weekly hours 34.4 hours versus 34.4 hours last week
Labor force participation rate, no estimate. Last month 63.3%
Underemployment rate, no estimate. Last month 7.0%Donnie is going to like that jobs report – incoming tweets — Xi not so much expect some tough trade talk from Big Don …
A new study reveals cell phone-related injuries spiked after 2006, when smartphones became popular.
Researchers found about 76,000 people went to the emergency room with cell phone-related injuries between 1998 and 2017, based on data collected by emergency rooms in about 100 hospitals. Most injuries were minor, including facial cuts, bruises and fractures. Before 2006, there about 2,000 such injuries happening every year.
[i]Today was an excellent “Mother of all reports” … 3.5% U/E = 60 year low[/i] 8)
[color=green][size=5][b]Dow 28,015.06 337.27 1.22%
S&P 500 3,145.91 28.48 0.91%
Nasdaq 8,656.53 85.83 1.00%
GlobalDow 3,160.34 26.97 0.86%
Gold 1,464.50 -18.60 -1.25%
Oil 59.07 0.64 1.10% [/b][/size][/color]
P.S. bonus track from Mrs. CautiousInvestor’s favorite album 8)
[size=5][b]DEC 7, 1941 — A day which will live in infamy
and like 9/11/2001 – may we never forget & always be vigilant in the future[/b][/size]
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