Fastest pace in three months. I think probably the fed needs to be here, but the october number is the one you want to look forward to. Lets get the totals of what we learned today. It is kind of a good news, bad news day in terms of the economy for some we have had one good, one bad, and michigan is kind of neutral. Retail sales of 1. 9 in the month of september, much better than the forecast and much better than the. 6 gain the month before. Retail sales, ex autos also big. Car sales were strong during the month. And then we look at the control group, the part that goes directly into gdp, and that was percent inly up, 1. 4 august. In august it was down by. 3 . A significant boost for retail sales in the u. S. Economy in september. On the other hand, that news on the manufacturing side, Industrial Production falls. 6, a lot of that because airconditioners were switched off, utilities went down. When youre factoring production surprisingly went down by. 3 . That was the bad news for to
Introduce you to mark jamieson. Fulltime, hes at the university of florida, where hes director of the public Utility Research center, director of the telecommunications study. He was on the president ial Transition Team, focused on telecommunications and the federal Communications Commission. Dr. Jamison, welcome to the communicators. Biographyed in your that you were at one time head of the National Association of regulatory Utility Commissions. What does a regulatory Utility Commission to do . Mark i was the chair of a committee within the National Association, thats a very different thing. It was a subcommittee. What a public Utility Commissioner does in the united they regulate utility. Setting what the Service Quality standards will it focuses on the infrastructure rollout and development. In some instances, it determines how markets will work. Thats basically the job of the utility regulator. That his formal job. I train a lot of people around the world in this, the biggest job i
Win. Ume you wanted her to youre going to do great youre make more planes. Same. L work out the were better. Walmart announced plans to thethose jobs be in in United States. In the United States over the next four years to create 50,000 jobs. Terrific, by the way. We have many others, many of you in the room. You know what exactly what im talking about. We have many other companies. Were very happy. Have 24 ceos from the Manufacturing Companies and even in the world. People just in this room, nearly one trillion and two million employees large majority of which are in the United States. Our commitment to bring manufacturing back and create jobs in this country. Been biggest part of my campaign. The border, big part. Military strength, big part and jobs big part. Which isant to say most important. We always have to say defense is the most important. Take care of our defense. Make great products. Products thathe we do for military. Couple of countries who not to buy from us, i gave autho
Again with your help. And now, channel 3 news today. Thank you so much for being with us. It is 6 00 a. M. On sunday morning. We were showing you a huge pumpkin. Maybe you were thinking about today is for pumpkin pie, pumpkin cake him anything. Yesterday, i went i went to an Apple Orchard. I was kind of afraid because you are seeing all of this rain. We have got a nice little window. You know . Some sunshine. A great day. We were able to pick some apples from a tree. We have a threeyearold and a oneyearold. I will have to bake some apples something. Apple pie. Apple cake. Whatever. I will bring you some because he worked it out in the weather center. Do you know what . She was going to be at this Apple Orchard. That is what you are doing this morning. Not only showers but also a couple of thunderstorms. Nothing to worry about. We are not tracking anything severe. That is the good news but if you are waking up with us on the eastern edge of Cuyahoga County, towards the lake county, that
Gains. What is going on . Looks like oil prices are part of the story. They are making new lows today after inventory reports showed an unexpected drawdown in crude Oil Inventories and a large built in distillates. The map here. We have bond yields lower today. Benefit utilities in real estate and telecom stocks. We have the Energy Shares down. 9 . Materials off by a quarter percent. More evenly split on the wheel between red and green at this point. We see stocks slip on over into the red. When we see the dow is lower today, boeing is the worstperforming stock by weights within that average. We also have to talk about apple here. With tech in the top spot, apple is a big reason why. It is also coming off the highs of the session. Sprint and tmobile made comments that iphone 7 preorders are way above what they have seen for prior models, but verizon is throwing a little bit of cold water on that. The Vice President spoke at a bank of Americamerrill Lynch Conference Today and said that