tyb
Economic schedule for Week of December 1, 2019
The key report this week is the November employment report on Friday.
See this:
Why The US Job Market Is About To Crack In 8 Charts
https://www.zerohedge.com/markets/why-us-job-market-about-crack-8-charts
This is where the fallacy of using rolling averages for many of these metrics (commerce dept. being the biggest offender) starts to fall apart. Just because it was done in the past does not represent what actually habbened in any given month.
Please see here for a better look at employment #'s
http://www.shadowstats.com/
Other key indicators include the November ISM manufacturing and non-manufacturing indexes, November auto sales, and the October trade deficit.
—– Monday, Dec 2nd —–
10:00 AM: ISM Manufacturing Index for November. The consensus is for 49.2%, up from 48.3%.The PMI was at 48.3% in October, the employment index was at 47.7%, and the new orders index was at 49.1%. 10:00 AM: Construction Spending for October. The consensus is for 0.4% increase in spending.
—– Tuesday, Dec 3rd —–
All day: Light vehicle sales for November. The consensus is for 16.8 million SAAR in November, up from the BEA estimate of 16.6 million SAAR in October 2019 (Seasonally Adjusted Annual Rate).
10:00 AM: Corelogic House Price index for October.
—– Wednesday, Dec 4th —–
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
8:15 AM: The ADP Employment Report for November. This report is for private payrolls only (no government). The consensus is for 140,000 jobs added, up from 125,000 in October. 10:00 AM: the ISM non-Manufacturing Index for November. The consensus is for a decrease to 54.5 from 54.7.
—– Thursday, Dec 5th —–
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 215,000 initial claims, up from 213,000 last week.
8:30 AM: Trade Balance report for October from the Census Bureau.
Cap Three shows the U.S. trade deficit, with and without petroleum, through the most recent report. The blue line is the total deficit, and the black line is the petroleum deficit, and the red line is the trade deficit ex-petroleum products. The consensus is the trade deficit to be $49.0 billion. The U.S. trade deficit was at $52.5 billion in September.
—– Friday, Dec 6th —–
8:30 AM: Employment Report for November. The consensus is for 180,000 jobs added, and for the unemployment rate to be unchanged at 3.6%.
There were 148,000 jobs added in October. ex-Census (128,000 including Census jobs), and the unemployment rate was at 3.6%.
Cap #4 shows the year-over-year change in total non-farm employment since 1968.
In October the year-over-year change was 2.093 million jobs. 10:00 AM: University of Michigan's Consumer sentiment index (Preliminary for December). 3:00 PM: Consumer Credit from the Federal Reserve.
https://www.calculatedriskblog.com/2019/11/schedule-for-week-of-december-1-2019.html
Australia says China is holding detained writer in 'unacceptable' conditions
Australian Foreign Minister Marise Payne said on Monday a Chinese-born Australian writer was being held by Beijing in “unacceptable” conditions, including daily interrogations while shackled. Yang Hengjun, a former Chinese diplomat turned online journalist and blogger, was formally arrested in August on suspicion of espionage, seven months after he was originally detained in the southern city of Guangzhou.
Espionage is punishable by death in China, and Beijing has told Australia not to interfere. However, Payne said she was compelled to speak publicly after officials from Australia’s embassy in Beijing recently visited Yang in detention.
“His circumstances of detention include increased isolation from the outside world, with restrictions on his communications with family and friends, and the resumption of daily interrogation, including while shackled,” Payne said in an emailed statement. “This is unacceptable.” Payne said Australia has asked for an explanation of the charges against Yang, and requested that he be treated fairly in line with international norms, including being given access to his lawyers and family.
Strong trade ties between Australia and China add to the diplomatic sensitivity of the case, given China is Australia’s biggest export market. Although Yang’s more recent writings had mostly avoided Chinese politics, he became prominent in the early 2000s when he earned the nickname “democracy peddler”.
https://uk.reuters.com/article/uk-china-australia-writer/australia-says-china-is-holding-detained-writer-in-unacceptable-conditions-idUKKBN1Y51FD