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February ISM Non Manufacturing (Services) 57.6 vs.estimates of 56.5. This represents more than 2/3 of our economic engine, any reading above is expansionary.
READ MOREJanuary Factory Orders 1.2% vs. estimates of 1.2%. Not a factor for interest pricing today.
READ MOREU.S. stock futures traded in tight ranges on Thursday, as investors kept their eye on a speeches from Federal Reserve members including Chairwoman Janet Yellen, as well as an important vote on a health-care bill.
READ MOREJanuary Trade Balance -48.5B vs. estimates of -48.5B. This of course meets expectations and will not be a factor for today’s pricing.
READ MOREADP says February was third-best month of jobs growth of the recovery. Private-sector employment increased by 298,000, ADP reported Thursday. That gain suggests a much better than forecast reading for the payrolls report due Friday, where expectations are for 200,000 jobs added.
READ MOREUnit Labor Costs 1.7 vs. estimates of 1.6. Nonfarm Productivity 1.3 vs. estimates of 1.5. This is revised data from the 4th QTR.
READ MOREThe number of Americans who applied for unemployment benefits jumped by 20,000 to 243,000 in early March, but layoffs remained near a 45-year low. Economists had expected initial jobless claims to total 238,000 in the seven days stretching from Feb. 26 to March 4
READ MOREThe price of imports rose in February for the third month in a row, and in a potentially worrisome sign, the increase spread beyond oil into other industrial and consumer goods. The import price index rose 0.2% in February following even bigger increases in the prior two months, the government reported Thursday. Yet unlike in
READ MOREThe European Central Bank offered no surprises Thursday as it left interest rates unchanged. The Governing Council left the main refinancing rate at 0%, while the rate on deposits parked overnight at the bank remains at minus 0.4%. The rate on the bank’s marginal lending facility remains at 0.25%. In a statement, the bank repeated
READ MOREEuropean government bond yields ticked lower on Thursday after the European Central Bank left its monetary-policy strategy steady. The yield on the 10-year German bund , considered the European benchmark, was up half a basis point on the day at 0.375%, while the yield on the 10-year French bond declined two basis points to 1.008%.
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