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Anonymous ID: b31ee0 April 1, 2019, 7:32 a.m. No.6003409   🗄️.is 🔗kun

Us Department of Commerce Data Releases

 

U.S. construction spending rises to a nine-month high in February

 

WASHINGTON, (Reuters) - U.S. construction spending increased for a third straight month in February, boosted by gains in both private and public construction projects, offering some good news on the economy following a string of weak reports.

https://www.reuters.com/article/us-usa-economy-construction-idUSKCN1RD2IV

 

ISM Manufacturing Index Rebounds From 2-Year Low

 

The ISM manufacturing index rose more than expected in March, rising from a two-year low on strength in employment and orders and signaling stabilization after a rocky few months.

 

The Institute for Supply Management index rose to 55.3 from 54.2 as three of five main components increased. That topped estimates in a Bloomberg survey for 54.5. That's above the 50 level that indicates expansion. Measures of deliveries and inventories decreased.

https://www.investors.com/news/economy/ism-manufacturing-index-rebounds-in-march/

 

U.S. business inventories rise more than expected in January

 

WASHINGTON, (Reuters) - U.S. business inventories increased more than expected in January as sales rose moderately, and businesses were taking the longest time in nearly 1-1/2 years to clear shelves, a sign of slowing demand.

 

The Commerce Department said on Monday that business inventories rose 0.8 percent in January. Data for December was revised higher to show inventories advancing 0.8 percent instead of the 0.6 percent increase previously reported.

 

Inventories are a key component of gross domestic product and economists polled by Reuters had forecast stocks at businesses rising 0.5 percent in January.

 

The January business inventory report was delayed by a five-week partial shutdown of the federal government that ended on Jan. 25. The February report, which was scheduled to be published on April 16, will now be released on April 18.

https://www.reuters.com/article/us-usa-economy-inventories-idUSKCN1RD2JC

 

U.S. Retail Sales Fall 0.2% in February – Update

 

WASHINGTON – Spending at U.S. retailers declined in February, signaling hesitation among consumers as the first quarter progressed.

 

Retail sales, a measure of purchases at stores, restaurants and online, declined a seasonally adjusted 0.2% in February from a month earlier, the Commerce Department said Monday. Economists surveyed by The Wall Street Journal had estimated a 0.2% increase for February.

 

Retail sales for January were revised higher, to a 0.7% increase from an earlier reading of a 0.2% gain.

 

"Stepping back from the monthly noise, it's very clear that the rate of growth of retail sales has stepped down since last fall, but that was inevitable as the impact of the tax cuts and the drop in gas prices faded," Ian Shepherdson, chief economist at Pantheon Macroeconomics, said in a note to clients.

 

Retail sales have been mixed in recent months, dropping a worrying 1.6% in December, at the height of the holiday shopping season. They were flat in November.

 

Monday's release was delayed due to the partial government shutdown which ended in late January, although the Commerce Department said response rates were at or above normal levels. Still, some economists questioned whether the shutdown, weather and a slow start to the tax refund season could have muddied the waters for February retail sales.

https://www.marketscreener.com/news/U-S-Retail-Sales-Fall-0-2-in-February-Update–28330983/

 

and for the totally expected news of the day over at Fraud Street this:

see cap #2

 

Lyft slips below IPO price on second day of trading

 

(Reuters) - Shares of ride-hailing company Lyft Inc fell as much as 10.5 percent on Monday, below its initial public offering price of $72.

 

The company debuted on Nasdaq on Friday, opening at $87.24, over 21 percent above its IPO price.

 

Brokerage Guggenheim Securities started coverage on the stock with a ‘neutral’ rating, citing lack of visibility on the path to profitability.

 

Shares of the company were trading down about 9.5 percent at $70.81.

https://in.reuters.com/article/lyft-stocks-idINKCN1RD2JF

Anonymous ID: b31ee0 April 1, 2019, 7:58 a.m. No.6003676   🗄️.is 🔗kun

Apple Slides As Chinese iPhone Prices Are Slashed

 

After several of the largest third-party sellers of Apple products in China cut prices for the latest batch of iPhones, as well as other Apple products, it appears the consumer tech giant has finally made good on its promise to cut prices for certain foreign markets impacted by the strong dollar.

 

CNBC reports that Apple has cut prices by as much as 6% for several of its most important products on its official Chinese online store. iPhones, iPads, laptops and AirPods have been affected by the cuts.

 

The company's flagship iPhone models have been impacted by some of the steepest cuts

The cuts are hardly a surprise: CEO Tim Cook said back in January that the notoriously discount-resistant Apple would lower prices for some of its products in markets that had been impacted by a strengthening dollar. The Chinese yuan has weakened against the dollar over the past year as the US-China trade war has taken its toll on the exchange-rate.

 

Per Apple's customer service, customers who have bought any of these products in China within the past two weeks can receive a refund for the difference in the price.

 

Apple shares didn't react to initial reports of the cuts, but started moving lower Monday morning after the headline hit Bloomberg.

 

you may rememebr this on the first mkt day of the year.

 

Apple plunges on guidance as iPhone sales disappoint

https://finance.yahoo.com/news/apple-cuts-first-quarter-revenue-214529525.html

 

https://www.zerohedge.com/news/2019-04-01/apple-slides-chinese-iphone-prices-are-slashed

https://finance.yahoo.com/quote/AAPL?p=AAPL&.tsrc=fin-srch