Want to know why the biggest U.S. milk producer, Dean Foods, filed for bankruptcy this week?
Eat Your Greens
The Shape of Finances
For U.S. consumers the view of their financial status might just be getting better.
Rules to Make Your Money Last
The ‘4 percent rule’, ‘Multiply by 25’ rule and ‘Cash Reserve’ rule. If you haven’t heard of these rules, don’t worry! I’ll explain. Multiply by 25 The ‘Multiply by 25’ rule estimates how much money you need to retire worry free. Here’s how it works: multiply your annual expenses by 25. For example: if you … Continue reading Rules to Make Your Money Last
Jobs Report
Job growth was a modest 128,000. The unemployment rate ticked up to 3.6%. Revisions added 95,000. Initial Reaction The core reading was a bit better than expected. The Econoday consensus was 90,000 in a range of 50,000 to 155,000.Manufacturing lost 36,000 jobs vs a consensus of 50,000.Job revisions were positive.Hourly earnings were weak.
Open Your Wallet
This may be quite the U.S. holiday-shopping season.
Wages
U.S. wage increases are accelerating, and the pickup may go over well with Fed policymakers as they consider their next move on interest rates
Netflix Beats
Netflix reported 3rd Quarter earnings of $1.47 per share on revenue of $5.2 billion. The consensus earnings estimate was $1.05 per share on revenue of $5.3 billion. Revenue grew 31.1% on a year-over-year basis. Crushed on earnings, missed on revenue and guided lower. But I think the mood of the street was they were going … Continue reading Netflix Beats
Brexit
Pound Surges as Johnson on Brink of a Brexit Deal. A Brexit deal looks highly likely but it will likely take an extension to get the deal signed, sealed, and delivered
Shanghai Home Sales
Shanghai Home Sales Plunge 86% in Golden Week. Golden Week, a seven-day Chinese holiday, is traditionally a peak period for home sales. This year, sales plummeted. Sales of new homes in Beijing dropped to their lowest level since 2014 during the week following the National Day holiday. Beijing faces the dilemma of all speculative markets: … Continue reading Shanghai Home Sales
Student Debt
Student debt may be preventing many would-be U.S. homeowners from having enough money for a down payment.