Financial Review

Ides of March Play in new window | Download (Duration: 12:59 — 7.4MB)Subscribe: Apple Podcasts | Android | RSS…Mueller subpoenas Trump Organization. Treasury sanctions Russian trolls. iHeart BK. Winn-Dixie BK. Congress wants to make life easier for bankers. Wells Fargo, again… Financial Review by Sinclair Noe for 03-15-2018


Tuesday, September 4, 2012 – Review of the Economic News

Review of the Economic News DOW – 54 = 13,035SPX – 1 = 1404NAS + 8 = 307510 YR YLD +.02 = 1.58%OIL +.26 = 95.56GOLD + 3.60 = 1697.20SILV + .26 = 32.46PLAT  + 21.00 = 1576.00 The Institute for Supply Management manufacturing index fell to 49.6% in August, lower than the 49.8% in July and the worst reading since July 2009. Readings below 50% indicate contraction in manufacturing companies surveyed. It appears to be part of a global trend; there has been a slowdown in manufacturing activity in Asia and Europe. Only eight of 18 industries as tracked by ISM were growing in August, led by printing, primary metals and food. August’s new-orders index fell to 47.1% from 48.0% in July; this points to manufacturers ratcheting down production activity, and that might also lead to a slowdown in hiring. The employment index fell to 51.6% from 52%; still positive but heading in the wrong direction. Another ISM survey of the services sector — things like banking, health care and entertainment — is also expected to show an economy plodding ahead. The services index is forecast to edge down to 52.5 from 52.6. The monthly jobs report is always an important chunk of economic data, and this Friday’s report takes on a little added significance because the Federal Reserve FOMC will be meeting next week to determine policy, and most likely announce something like QE3. It’s expected the economy added about 120,000 new jobs in August. While that’s enough …