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Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
The number of Americans who applied for unemployment benefits in early February fell by 12,000 to 234,000, hitting the second lowest level of an economic recovery that began nearly eight years ago. The last time the U.S. Had such a low level of layoffs was in 1973.
READ MOREThe U.S. added 227,000 jobs in January, according to the Labor Department’s employment report. That was substantially more than the 175,000 new jobs that economists were expecting. The unemployment rate was 4.8%, a tick higher than last month’s 4.7% and a little higher than expectations. The labor force participation rate rose slightly 62.9%. The big
READ MOREPresident Trump plans to order a rollback Friday of regulations governing the financial services industry and Wall Street under the Dodd-Frank law and beyond, a White House source confirmed. Gary Cohn, White House Economic Council director, told the Wall Street Journal in an interview published last night that the administration would also move against a
READ MOREJanuary ISM Non-Manufacturing PMI 56.5 vs. estimate of 57.0. December Factory Orders 1.3% vs. estimates of 1.0%. A slight miss in the ISM but a reading above 56 for 2/3 of our economy is very strong, a slight negative for pricing.
READ MOREThe Bank of England left its key interest rate unchanged at 0.25%. Policymakers last cut the rate at the August meeting
READ MOREThe number of Americans who applied for unemployment benefits at the end of January fell by 14,000 to 246,000 vs. estimates of 250,000, an extremely low level that might foreshadow another solid employment report in the first month of the new year. Continuing Jobs 2.064 vs est of 2.065M. Preliminary 4th QTR Non-Farm Productivity 1.3%
READ MOREPrivate-sector hiring picked up in January, as employers added 246,000 jobs, well above expectations, ADP reported. Economists had expected a January gain of 168,000, compared with an originally reported increase of 153,000 in December. ADP reduced December’s gain to 151,000
READ MOREJanuary ISM Manufacturing 56.0 vs. estimates of 55.0. ISM Prices Paid shot up to 69.0 beating estimates of 66.0. This ISM data is negative for bonds and interest rates.
READ MOREDecember Construction Spending -0.2% vs. of 0.2%. We await the Fed results later today.
READ MOREFOMC: Leaves Interest Rates Unchanged in unanimous vote. They said no change in their balance sheet reinvesment (MBS and Treasuries), but changed language from “may” hit 2% to “will” hit 2%. Continue to see solid job gains and moderate growth
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