Retail sales were down over 13 16. 4 is the most on record. Of the 13 categories, only one was up, internet shopping. What we bought we did buy online. Even Grocery Store sales down 12 on the month. I guess we are still eating the macaroni and cheese we bought in march. The control group, leave out food, cars, gasoline, building materials. That was down and that is also a record. That is the part that goes into gdp and in this case does not go into gdp. Not the only data out. Industrial production down 11 . Manufacturing production down 13. 7 . That was the worst number in the history of the index going back to 1919. Two bits of good news. Empire manufacturing improved. 78. 2. 48. 5 from the Michigan Sentiment number. From 71. 8. To 73. 7 the Current Conditions index rises. Everybody scratches their head, but the folks at the university of michigan say it is because during the month people started getting the checks, the 1200 checks and that made them feel little bit better about thems
It is an earnings trade today. We will get into that in a moment. 8he 10year yield at 50 i basis point. Not really moving around that much. Bid, pushinginy the 10 year to 58 basis points. Story today is facebook and twitter. Down 5 , a quarter of advertising revenue for twitter, even as an added subscribers. Lets get a deeper dive. Taylor riggs is standing by. Taylor mostly risk off, but tech is not as bad, given earnings are coming in a little bit better than expected. There has been a recent shift in the conversation that tech is being thought of as defensive here, holding up better than people thought. Take a look inside the terminal. A lot of the negative price action that we are seeing stems from that Consumer Spending report we got, the worst ever dip in Consumer Spending. Income and spending was weaker than expected, which means some analysts think that firstquarter gdp data will need to be revised lower as well. I want to look at what happened overnight within the s p 500. A lo
Lindsey graham encouraged you to aim higher. He just said i disagree with lindsay. He is a congressman. What am i supposed to, wait for senators . So i disagree with lindsay on that. He said a higher. What am i going to do, wait until we get somebody in a Higher Office . These are people that hate our country even john, they hate our country. I think, with a passion. It is possible i am wrong. The voter will decide. When i hear the way they talk about our country, when i hear the antisemitic language they use, the hatred they have for israel, and the love they have for enemies like al qaeda where are you suggesting they go . I do not believe this is good for the democrat party. Certainly not the party that i have known over the years. Does it concern you that many people saw that we as racist . And that White Nationalist groups are finding common cause with you on that point . It does not concern me because many people agree with me. They want to leave, they can leave. It doesnt say le
We are following the latest at Ursinus College where a hundred students are sick with the stomach vei are you. The it is thursday, february 11th im erika von tiehl. Before you head out of the door, word of advice, bundle up. The it is cold. Lets check with katie and meisha. We really feel the difference this morning. Absolutely good morning. Gateway to the weekend. Roads are looking good. Overnight construction clearing out of the way but first thing i notice i had what you said, it is cold. Set to get colder unfortunately in the next couple of days. If it is not your cup of tea you might want to bundle will up with a cup of tea because we have chilly weather unfolding here. The it will be cold et cetera air we have experienced so far this season. The let start off by going outside the a hint of the the breeze the lefthand side of the screen they are and take you from atop of the Hotel Bethlehem in bethlehem, pennsylvania. The northampton county. Definitely calm and collect. Very quiet
Distracted driving is now banned in Pennsylvania after Governor Josh Shapiro signed Senate Bill 37, also known as Paul Miller's Law, into law.The law prohibits