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Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
May retail sales unexpectedly decline as consumers confront sizzling hot inflation. Economists expected retail sales to rise modestly in May, despite sky-high inflation. Retail Sales -0.3 vs 0.2 Ex Autos 0.5 vs 0.8 Import Prices MOM 0.6 vs 1.1 Empire MFG -1.2 vs 3
READ MOREThe Labor Department said Tuesday that its producer price index, which measures inflation at the wholesale level before it reaches consumers, climbed 10.8% in May from the previous year. On a monthly basis, prices grew by 0.8%.
READ MOREU.S. consumer prices last month accelerated at their fastest annual pace in 13 years as energy prices surged. The consumer index price index rose 5.4% year over year in September, according to the Labor Department, matching the July reading for the hottest print since 2008. Prices increased 0.4% month over month. Analysts surveyed by Refinitiv
READ MOREThe number of job openings in the U.S. slipped off a record high in August as the quits rate increased to a record high. The total number of job openings fell by 659,000 to a seasonally adjusted 10.439 million at the end of August, according to the Labor Department’s Job Opening and Labor Turnover Survey,
READ MOREU.S. employers hired less workers than expected last month as supplemental unemployment benefits expired. Nonfarm payrolls increased by 194,000 workers in September as the unemployment rate fell to 4.8%, the Labor Department reported Friday.
READ MOREThe House joined the Senate on Thursday to approve a bill to fund the government through Dec. 3 and avert a government shutdown for now. The House voted 254-175 and the bill will now head to President Biden’s desk. It’s one of several political issues being followed closely by the markets, which have fallen Thursday
READ MOREThe number of Americans filing for first-time unemployment benefits rose to 362,000 in the week ended Sept. 25, according to the Labor Department. Analysts surveyed by Refinitiv were expecting the number of first-time filings to decline to 335,000.
READ MOREPending home sales snapped back in August, following two months of declines, as the housing market showed signs of regaining its footing.
READ MOREU.S. home prices rose at a record pace for the fourth straight month in July as strong demand overwhelmed low inventory.
READ MOREEric Rosengren of the Boston Federal Reserve will retire Sept. 30, citing health reasons. He’ll be followed into retirement by the Dallas Fed president.
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