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POTUS #45 immigration round table was very presidential today, heard entire audio & if nothing else it completely dispels the Woffle “documentary” of being incompetent in office … it reminded me of debates when he went to Mexico to make both it & USA better off …Excellent leadership & moderation for BOTH sides today … I may download a U-Tube for my bride & I to watch later on 🙂
Railroad stocks go into reverse after a Reuters exclusive indicates that Canada is convinced that the U.S. is poised to announce an exit from NAFTA.
At the close
Dow -0.06% to 25,371.04. S&P -0.11% to 2,748.68. Nasdaq -0.14% to 7,153.43.
Treasurys: 30-year -0.02%. 10-yr +0.02%. 5-yr +0.05%.
Commodities: Crude +0.78% to $63.45. Gold +0.36% to $1,318.40.
Currencies: Euro +0.18% vs. dollar. Yen -1.15%. Pound +0.2%.Moody’s warns that US tax cuts are seen as a credit negative for the USA Sovereign rating
China is reportedly thinking of halting US Treasury purchases
[color=green][size=5][b]RALLY TIME — Dow is up 70 points,
as the BULLS are back in town after a short rest yesterday :)[/b][/size][/color]
[color=gray][size=5][b]WSJ – Whispers of $80 OIL :woohoo: :woohoo: :woohoo: :woohoo:
https://blogs.wsj.com/moneybeat/2018/01/10/whispers-of-80-oil-are-growing-louder/%5B/b%5D%5B/size%5D%5B/color%5D
If the United States of America cut off exports of gasoline, Canada would be screwed as we do not refine nearly enough to meet demand. I believe its was part of the deal for not creating the Avro airplane (the Canadian designed airplane that made all American fighters obsolete)
December Producer Price Index: -0.1% M/M vs. +0.2% consensus, +0.4% previous. +2.6% Y/Y.
Core PPI -0.1% M/M vs. +0.2% consensus, +0.3% prior.Initial Jobless Claims +11K at 261K vs. 245K consensus, 250K prior (unrevised).
Continuous Claims: -35K at 1.867M vs. 1.902M.Bloomberg Consumer Comfort Index jumped to 53.5 from 51.8 last week.
State of the Economy index increased to 55.8 from 53.6.
Personal Finance index landed at 60.2 from 59.4.
Buying Climate index rose to 44.6 from 42.5.Wal-Mart Stores Inc. is boosting its starting hourly wage to $11 and delivering bonuses to employees, capitalizing on the U.S. tax overhaul to stay competitive in a tightening labor market.
The increase takes effect next month and will cost $300 million on top of annual wage hikes that were already planned, the world’s largest retailer said Thursday. The one-time bonus of up to $1,000 is based on seniority and will amount to an additional $400 million. The company is also expanding its maternity and parental leave policy and adding an adoption benefit.
At the close
Dow +0.81% to 25,573.47. S&P +0.7% to 2,767.38. Nasdaq +0.81% to 7,211.70.
Treasurys: 30-year +0.31%. 10-yr +0.07%. 5-yr +0.01%.
Commodities: Crude -0.02% to $63.56. Gold +0.21% to $1,322.10.
Currencies: Euro +0.69% vs. dollar. Yen -0.19%. Pound -0.2%.[size=5]The National Retail Federation reports U.S. retail holiday sales increased 5.5% Y/Y to $692B to top by a wide margin the forecast for a 3.6% to 4.0% gain.
Online and other nonstore sales were up 11.5% to $138.4B to account for 20% of the tally.[/size]
Holiday sales by category (Y/Y): Building materials and supplies stores +8.1%, furniture and home furnishings stores +7.5%, electronics/appliance stores +6.7%, general merchandise stores +4.3%, clothing and accessories stores +2.7%, health and personal care stores +2.2%, sporting goods stores -0.5%.
Restaurants, automobile dealers and gasoline stations weren’t included in the total referenced by the NRF.December Retail Sales: +0.4% M/M vs. +0.5% expected. The reading for October was revised up to a 0.9% gain.
Ex-autos: +0.4% M/M vs. +0.4% expected, +0.8% prior
Control group +0.3% M/M vs. +0.3% expected.December Consumer Price Index: +0.1% in-line with consensus, +0.4% prior.
Core CPI +0.3% vs. +0.2% expected, +0.1% prior.
Core CPI +1.8% Y/Y vs. +1.7% expected, +1.7% prior.November business inventories: +0.4% at $1,895.4B vs. +0.3% consensus and -0.1% prior.
Sales +7.9% to $1,420.1B (Y/Y).
Inventory/Sales ratio of 1.33 vs. 1.40 (Y/Y).Atlanta Fed tracker sees Q4 GDP growth of 3.3%, up from 2.8% guessed at just two days ago.
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