Listen Live
Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
Listen Live
Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
Jobs, Jobs, Jobs: September ADP Employment Change was a little stronger than expected (208K vs. est. of 200K). Annual Pay rose by 7.8% for “job stayers” and up 15.7% for “job changers”
Taking it to the House: Weekly Mortgage Applications tanked by -14.2%. Refinance Applications fell by -17.8% and Purchase Applications declined by -12.6%
Trade inBalance: The national goods and services Trade Balance was better (less worse) than expected, -$67.4B vs. est. of -$68.0B
Services: Markit Down. The September Markit Services PMI were contractionary (below 50) with a 49.3 reading. The more closely watched ISM Services PMI was stronger than expected, 56.7 vs. est. of 56.0. New Orders and Employment were both much higher than expected.
Central Bank Palooza: The Reserve Bank of New Zealand raised their key interest rate by 50BPS to 3.50% which was widely expected.
