TyB
The two playing the savior game
You 2 never get tired of repeating the same shut over and over
Bye!
US retail sales dip; producer prices post biggest drop in 3-1/2 years
(Here comes yer deflation)
-
Retail sales fall 0.1%;September sales revised higher-of course!
-
Core retail sales increase 0.2%; September data revised upProducer prices fall 0.5%; up 1.3% on year-on-year basis
U.S. retail sales fell for the first time in seven months in October as motor vehicle purchases and spending on hobbies dropped, pointing to slowing demand at the start of the fourth quarter that further strengthened expectations the Federal Reserve is done hiking interest rates.
That was supported by other data on Wednesday showing the biggest decline in producer prices in three-and-a-half years in October on the back of cheaper gasoline. The reports followed on the heels of news on Tuesday that consumer prices were unchanged last month for the first time in more than a year. These data, combined with a cooling labor market, led eCONomists to conclude that the U.S. central bank's current rate hiking cycle was over(fuggen late as usual-even Krugman ‘celebrated’ last month)
Retail sales slipped 0.1%(this is NOT adjusted for inflation so even though it “beat” it’s a disaster imo)last month, the Commerce Department's Census Bureau said. Data for September was revised higher to show sales increasing 0.9% instead of the previously reported 0.7% rise. Economists polled by Reuters had forecast retail sales would fall 0.3%. The decline was led by sales of motor vehicles and parts, which fell 1.1%. Economists attributed some of the decrease to the recently ended United Auto Workers strike,(that lasted for a short time and the auto mfgs were going to cut production AND workforce until the ijit at the UAW handed them an excuse on a gold encrusted plate)which could have limited supply. Furniture store sales dropped 2.0%, while receipts at electronics and appliance outlets rose 0.6%.
https://www.reuters.com/markets/us/us-retail-sales-fall-slightly-october-2023-11-15/
The markets celebrate it all because the ‘bots are sitting on record level short positions that will continue to fuel the YE rise.
https://www.wsj.com/market-data/stocks
Oil tumbles on big US crude stocks build, record output
(Moar demand destruction so look for moar OPEC cuts to start off the new year)
-
U.S. crude stocks rise by 3.6 mln barrelsU.S. domestic crude output at record 13.2 mln bpdU.S. fuel stocks see large draws
-
Denmark could block Russian tankers in its waters -FT
Oil prices fell on Wednesday on a bigger-than-expected rise in U.S. crude inventories and record production in the world's biggest producer, along with mounting worries about demand in Asia.
https://www.reuters.com/business/energy/oil-gains-middle-east-tensions-stock-data-focus-2023-11-15/
Muh Yen back over 151 so that dint last long
The derpage comment of the day from an “expert”
Japan ex-currency tsar sees structural factors behind yen weakness
A former top Japanese financial official said on Wednesday yen weakness might be caused not only by interest rate differentials between Japan and the United States but also by structural factors such as a worsening fiscal position.
(sooper genius here)
https://www.msn.com/en-us/money/markets/japan-ex-currency-tsar-sees-structural-factors-behind-yen-weakness/ar-AA1jXtjz
>>19914758 pb mktFag: Cooler October US CPI raises confidence that Fed hikes done-Markets juiced and cuts on table in May
Brazilian AF BRS2901 A330 departed JBA after an overnight south
Chekt
Back later B
Have a good day
>>19920590 lb
JASDF JF001/2 777s updated on satellite-ADS-C heading to SFO-PM Kishida on CR1 (JF001)
ZOMBE11 KC-135 still on aerial refueling dooty-prolly a switch out soon
BACN07 GLEX east from MCAS Miramar-this is aerial wi-fi platform
Battlefield Airborne Communications Node (BACN)
https://www.northropgrumman.com/what-we-do/air/battlefield-airborne-communications-node-bacn