Consumers arent spending as much as expected. Retail sales for june fell a seasonally adjusted 0. 3 , well below expectations of a rise. Because it makes up a good chunk of Economic Activity if that piece of the economic puzzle is missing, some say it throws into question the potential rate hike by the federal reserve. And the batch of bad news comes just one day before fed chair janet yellen is set to appear before congress. Courtney reagan reports. According to the latest government data, consumers arent spending enough to prop up Economic Growth. June retail sales posted the weakest reading in four months. And thats not all the bad news. May retail sales were revised lower than previously reported. With Consumer Spending fuelling 70 of the countrys Economic Growth Monthly Retail sales are a key data point for those trying to forecast the federal reserves decisions on Interest Rates. And fed chair janet yellen addresses congress in the twoday testimony beginning tomorrow. Just look a
Consumers arent spending as much as expected. Retail sales for june fell a seasonally adjusted 0. 3 , well below expectations of a rise. Because it makes up a good chunk of Economic Activity if that piece of the economic puzzle is missing, some say it throws into question the potential rate hike by the federal reserve. And the batch of bad news comes just one day before fed chair janet yellen is set to appear before congress. Courtney reagan reports. According to the latest government data, consumers arent spending enough to prop up Economic Growth. June retail sales posted the weakest reading in four months. And thats not all the bad news. May retail sales were revised lower than previously reported. With Consumer Spending fuelling 70 of the countrys Economic Growth Monthly Retail sales are a key data point for those trying to forecast the federal reserves decisions on Interest Rates. And fed chair janet yellen addresses congress in the twoday testimony beginning tomorrow. Just look a
Here. Let me show you oil, wti crude, for a time this rally occurred even though the price of oil was sharply lower, as you see there, until near the close. And look at that turned right around and became positive again. Article carbon reminding us all day that to keep an eye on wti crude because its still calling the shots in this market now. That is an important point, we continue to debate those areas, as Oil Continues to fall or not. Retail names to focus on as well. Get to where we stand with the markets, an hour to go near the highs of the session, dow up 319 points, about 1. 8 exactly the same as the s p is at the moment of 37. The nasdaq adding 88 points a little pit outperformer today but only pie a little bit. Nevertheless, some pressure across the internet name there is, bill. Get to our Closing Bell Exchange for this thursday. We have got cnpc contributeor Heather Hughes with us. Hi there. Jim lowell from adviser investment. Joe hider from cirrus wealth manmanment with us m
The auction. This has ever had. To the the people. This after the torch exist. It is difficult to know about roasting with the therefore even got no life unemployment post with the knowledge that in four years the economy using sixty on the job. Now even economy crazy. A dramatic turnaround since the government opposition parties as youth unemployment is still a problem. We see far too many people were commonplace for sin not creating enough jobs to get to keep the ball and played chelsea own people especially. You do. Welcome to six mm on the Health Service executive has apologized to the parents of a brain damaged twelve Year Old Girl. The high Court Approved an interim assessment of just over two and a half million euro for pushing conroy from russert and port beach who sued for her mother has several holes these results are pressed midlands Regional Hospital in port beach in two thousand and one. Our parents criticized the length of time it took to settle the action kevin and very
Theyre not saying much in terms of the investigation. Theyre still going through everything, still trying to officially identify these human remains that they have found here on scene. That may take dna but what weve learned is that the rv has been the key piece of evidence, obviously, in all of this. The video, the photo of that, the fbi and police here put out of that rv led to several tips. In fact, one of the tips led fbi to another location here in nashville where they have been all day searching. They believe it is tied to this location and perhaps the person responsible. So the fbi there is on scene in this other location. So that rv, the video of the rv driving through downtown nashville is becoming a key piece of evidence here. The u. S. Attorney here spoke. He talked about how this investigation is taking place, calling it sort of like a puzzle and heres what he said. Its quite a challenge, having been up there seeing that scene. Its like a giant jigsaw puzzle created by a bo