Anonymous ID: ae2fe2 June 12, 2019, 6:37 a.m. No.6733015   🗄️.is đź”—kun

U.S. consumer prices barely rise; underlying inflation muted

not getting the inflation the FRB needs and wants-this has been the excuse for years to cause "the event".

 

WASHINGTON (Reuters) - U.S. consumer prices barely rose in May, pointing to moderate inflation that together with a slowing economy could increase pressure on the Federal Reserve to cut interest rates this year.

The report from the Labor Department on Wednesday, however, showed some pockets of inflation, with rents and healthcare costs rising solidly, which could buy the U.S. central bank some time before easing monetary policy.

 

Fed policymakers are scheduled to meet on June 18-19 against the backdrop of rising trade tensions, slowing growth and a sharp step-down in hiring in May that has led financial markets to price in at least two interest rate cuts by the end of 2019.

 

Fed Chairman Jerome Powell said last week that the central bank was closely monitoring the implications of the trade war on the economy and would “act as appropriate to sustain the expansion.” A rate cut is not expected next Wednesday.

 

The consumer price index edged up 0.1% last month as a rebound in the cost of food was offset by cheaper gasoline, the government said. The CPI gained 0.3% in April.

 

In the 12 months through May, the CPI increased 1.8%, slowing from April’s 1.9% gain. Economists polled by Reuters had forecast the CPI would rise 0.1% in May and 1.9% year-on-year.

 

Excluding the volatile food and energy components, the CPI nudged up 0.1% for the fourth straight month. The so-called core CPI was held down by a sharp decline in the prices of used cars and trucks as well as motor vehicle insurance.

 

In the 12 months through May, the so-called core CPI rose 2.0% after advancing 2.1% in April.

 

The U.S. dollar dropped sharply against a basket of currencies after the release of the data while U.S. Treasury yields fell. U.S. stock index futures pared losses slightly.

RENT, HEALTHCARE COSTS RISE

 

A report on Tuesday showing core producer prices advancing solidly for a second consecutive month in May had offered hope for a firmer core CPI reading in May, as well as in the inflation measure tracked by the Fed for monetary policy.

 

The Fed’s preferred inflation measure, the core personal consumption expenditures (PCE) price index, increased 1.6 percent in the year to April after gaining 1.5% in March. Data for May will be released later this month. The core PCE price index has been running below the Fed’s 2% target this year.

 

Gasoline prices fell 0.5% in May after rising 5.7% in April. Food prices rebounded 0.3% in May after dipping 0.1% in the prior month. Food consumed at home increased 0.3% last month.

 

Owners’ equivalent rent of primary residence, which is what a homeowner would pay to rent or receive from renting a home, increased 0.3% in May after rising 0.3% in April.

 

Healthcare costs increased 0.3%, matching April’s rise. The solid increase in healthcare costs at both the consumer and production levels last month suggests a pickup in the core PCE price index in May.

 

The cost of hospital services increased 0.5% in May and the cost of doctor visits ticked up 0.1%. But the prices for prescription medication fell 0.2%.

 

Apparel prices were unchanged in May after tumbling 0.8% in the prior month. They had declined for two months in a row after the government introduced a new method and data to calculate apparel prices.

 

Prices for used motor vehicles and trucks tumbled 1.4%. That was the largest drop since last September and marked the fourth straight monthly decrease. The cost of motor vehicle insurance fell 0.4%, the most since May 2007. There were also decreases in the cost of recreation.

 

But prices for airline tickets, household furnishings and new vehicles rose last month. Household furnishings are likely to trend higher in the coming months because of U.S. President Donald Trump’s decision in early May to slap additional tariffs of up to 25% on $200 billion of Chinese goods.

https://www.reuters.com/article/us-usa-economy-inflation/u-s-consumer-prices-barely-rise-underlying-inflation-muted-idUSKCN1TD1I8

Anonymous ID: ae2fe2 June 12, 2019, 6:46 a.m. No.6733068   🗄️.is đź”—kun

Service Corporation Sr. VP sold $1.97m in shares-June 7

 

Service Corporation International is a provider of deathcare products and services, with a network of funeral service locations and cemeteries. The Company's segments include Funeral, Cemetery and Corporate. It conducts both funeral and cemetery operations in the United States and Canada. As December 31, 2016, it operated 1,502 funeral service locations and 470 cemeteries, including 281 funeral service/cemetery combination locations, which are geographically diversified across 45 states, eight Canadian provinces, the District of Columbia, and Puerto Rico. It offers various brands, such as Dignity Memorial, Dignity Planning, National Cremation Society, Advantage Funeral and Cremation Services, and Funeraria del Angel. Its funeral service and cemetery operations consist of funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and related businesses. It sells cemetery property, and funeral and cemetery merchandise and services.

 

Number of employees : 23 428 people.

https://www.marketscreener.com/SERVICE-CORPORATION-INTER-14476/company/

https://www.finviz.com/insidertrading.ashx?oc=1487567&tc=2&b=2

Anonymous ID: ae2fe2 June 12, 2019, 7:11 a.m. No.6733217   🗄️.is đź”—kun   >>3226

Ford sees $180 million cost to correct suspension issue in Explorers

 

Ford Motor Co. F, -0.40% disclosed Wednesday that it estimates a cost of $180 million for a "field service action" to correct a suspension issue in Explorer vehicles. The issue is in certain Explorer model years 2011 through 2017. Separately, the auto maker said the ruling by U.S. Customs and Border Protection (CBP) that its Transit Connect vehicles that are imported as passenger wagons and later converted into cargo vans are subject to 25% duty, rather than the 2.5% duty applied to passenger vehicles, was upheld by a federal appeals court on Jun 7. "We are evaluating our options following the most recent ruling," Ford stated in an filing with the Securities and Exchange Commission.

https://www.marketwatch.com/story/ford-sees-180-million-cost-to-correct-suspension-issue-in-explorers-evaluating-options-on-latest-duty-ruling-2019-06-12

Anonymous ID: ae2fe2 June 12, 2019, 7:46 a.m. No.6733438   🗄️.is đź”—kun   >>3444 >>3591 >>3645

>>6733392

Streets, gate closed after someone tries to enter local Navy complex

 

SAN DIEGO — Navy security officers detained a “suspicious” person who tried to get into the Naval Information Warfare Center in the Midway District Wednesday morning.

 

The person pulled up to the complex in a vehicle some time before 7 a.m., a captain at Naval Base Point Loma confirmed:

 

OTC Gate Access Update. Pacific Hwy in vicinity of OTC (NAVWAR) is closed pending investigation of suspicious vehicle at main gate. #SPAWAR #NAVWAR #NIWC #NBPL #NBPL_Security

 

— CAPT Dickson (@nbpl_co) June 12, 2019

 

San Diego Police Department was controlling traffic on Pacific Highway in the area as officials investigated. Southbound Pacific Highway was closed at Kurtz Street and the highway’s northbound lanes were closed at Barnett Avenue.

 

Eastbound Enterprise Street was also closed at Jessop Lane.

 

@SanDiegoPD is conducting traffic control on Pacific HWY. Southbound Pac Hwy is closed @ Kurtz, Northbound PAC Hwy is closed @ Barnett and Eastbound Enterprise is closed @ Jessop. pic.twitter.com/8oAqYZ7ucb

 

— San Diego Police Department (@SanDiegoPD) June 12, 2019

https://fox5sandiego.com/2019/06/12/streets-gate-closed-after-someone-tries-to-enter-local-navy-complex/