December 3 COVID-19 Test Results; Record Cases, Hospitalizations

DECEMBER 3 COVID-19 TEST RESULTS; RECORD CASES, HOSPITALIZATIONS

Note: The data was distorted over the holiday weekend. The US is now averaging over 1 million tests per day. Based on the experience...

GOLDMAN NOVEMBER PAYROLLS PREVIEW

A few brief excerpts from a note by Goldman Sachs economist Spencer Hill: We estimate nonfarm payrolls rose 450k in November... The...

 
 
 
Hotels: Occupancy Rate Declined 28.5% Year-over-year

HOTELS: OCCUPANCY RATE DECLINED 28.5% YEAR-OVER-YEAR

From HotelNewsNow.com: STR: US hotel results for week ending 28 November U.S. weekly hotel occupancy fell to its lowest level since...

November Employment Preview

NOVEMBER EMPLOYMENT PREVIEW

On Friday at 8:30 AM ET, the BLS will release the employment report for November. The consensus is for 500 thousand jobs added, and...

 
 
 
Weekly Initial Unemployment Claims decreased to 712,000

WEEKLY INITIAL UNEMPLOYMENT CLAIMS DECREASED TO 712,000

The DOL reported : In the week ending November 28, the advance figure for seasonally adjusted initial claims was 712,000, a decrease...

ISM Services Index Decreased to 55.9% in November

ISM SERVICES INDEX DECREASED TO 55.9% IN NOVEMBER

The November ISM Services index was at 55.9%, down from 56.6% last month. The employment index increased to 51.5%, from 50.1%. Note:...

 
 
 

THURSDAY: UNEMPLOYMENT CLAIMS, ISM SERVICES

From Matthew Graham at MortgageNewsDaily: Mortgage Rates Continue Defying Bond Market Weakness Although it was the focus of yesterday's...

December 2 COVID-19 Test Results; Over 100,000 Hospitalizations

DECEMBER 2 COVID-19 TEST RESULTS; OVER 100,000 HOSPITALIZATIONS

Note: The data was distorted over the holiday weekend. The US is now averaging over 1 million tests per day. Based on the experience...

 
 
 

FED'S BEIGE BOOK: "MODEST OR MODERATE" GROWTH IN ECONOMIC ACTIVITY, SOME DISTRICTS SEE "NO GROWTH"

Fed's Beige Book "This report was prepared at the Federal Reserve Bank of Philadelphia based on information collected on or before...

November Vehicles Sales decreased to 15.55 Million SAAR

NOVEMBER VEHICLES SALES DECREASED TO 15.55 MILLION SAAR

The BEA released their estimate of light vehicle sales for November this morning. The BEA estimates sales of 15.55 million SAAR in...

 
 
 

ADP: PRIVATE EMPLOYMENT INCREASED 307,000 IN NOVEMBER

From ADP: Private sector employment increased by 307,000 jobs from October to November according to the Novembe ADP National Employment...

MBA: Mortgage Applications Decrease in Latest Weekly Survey

MBA: MORTGAGE APPLICATIONS DECREASE IN LATEST WEEKLY SURVEY

From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 0.6 percent from one week...

 
 
 

WEDNESDAY: ADP EMPLOYMENT, BEIGE BOOK

Wednesday: • At 7:00 AM ET, The Mortgage Bankers Association will release the results for the mortgage purchase applications index. •...

December 1 COVID-19 Test Results; Record Hospitalizations

DECEMBER 1 COVID-19 TEST RESULTS; RECORD HOSPITALIZATIONS

Note: The data was distorted over the holiday weekend. The US is now averaging over 1 million tests per day. Based on the experience...

 
 
 
MBA Survey: "Share of Mortgage Loans in Forbearance Increases to 5.54%"

MBA SURVEY: "SHARE OF MORTGAGE LOANS IN FORBEARANCE INCREASES TO 5.54%"

Note: This is as of November 22nd. From the MBA: Share of Mortgage Loans in Forbearance Increases to 5.54% The Mortgage Bankers Association's...

Update: Framing Lumber Prices Up 50% Year-over-year

UPDATE: FRAMING LUMBER PRICES UP 50% YEAR-OVER-YEAR

Here is another monthly update on framing lumber prices. This graph shows CME framing futures through Nov 30th.

 
 
 
Construction Spending Increased 1.3% in October

CONSTRUCTION SPENDING INCREASED 1.3% IN OCTOBER

From the Census Bureau reported that overall construction spending decreased in June: Construction spending during October 2020 was...

ISM Manufacturing index Decreased to 57.5 in November

ISM MANUFACTURING INDEX DECREASED TO 57.5 IN NOVEMBER

The ISM manufacturing index indicated expansion in November. The PMI was at 57.5% in November, down from 59.3% in October. The employment...

 
 
 

CORELOGIC: HOUSE PRICES UP 7.3% YEAR-OVER-YEAR IN OCTOBER

Notes: This CoreLogic House Price Index report is for October. The recent Case-Shiller index release was for September. The CoreLogic...

TUESDAY: ISM MANUFACTURING, CONSTRUCTION SPENDING, FED CHAIR POWELL TESTIMONY

Tuesday: • At 10:00 AM ET, ISM Manufacturing Index for November. The consensus is for 57.5%, down from 59.3%. • Also at 10:00 AM, Construction...

 
 
 



OPEC, Russia to nudge up oil output after hit from pandemic

OPEC, Russia to nudge up oil output after hit from pandemic

FRANKFURT, Germany - OPEC and allied countries including Russia agreed Thursday to increase oil production by 500,000 barrels a day from January and said they would meet... Read more ...

The exec in charge of HBO Max breaks down the Hollywood-shaking decision to...

The exec in charge of HBO Max breaks down the Hollywood-shaking decision to release all 2021 Warner Bros. movies to streaming and theaters simultaneously: 'Predictability is at a premium'

Summary List Placement Warner Bros. announced on Thursday that its entire 2021 slate of movies will debut on HBO Max the same day they hit theaters in the US, an unprecedented... Read more ...

Hotels: Occupancy Rate Declined 28.5% Year-over-year

Hotels: Occupancy Rate Declined 28.5% Year-over-year

From HotelNewsNow.com: STR: US hotel results for week ending 28 November U.S. weekly hotel occupancy fell to its lowest level since late May, according to the latest data from... Read more ...

Southwest Airlines is preparing to furlough nearly 7,000 workers for the...

Southwest Airlines is preparing to furlough nearly 7,000 workers for the first time in its history

Summary List Placement Nearly 7,000 Southwest Airlines employees are facing furlough in the new year after negotiations to temporarily implement pay cuts broke down. The... Read more ...

Nasdaq closes at record high as Congress inches toward stimulus deal

Nasdaq closes at record high as Congress inches toward stimulus deal

Summary List Placement US stocks closed mixed on Thursday amid falling jobless claims and new hopes for a stimulus deal. The Nasdaq composite closed at all-time highs, while... Read more ...

Supply chain delays marred Pfizer's initial vaccine rollout plans, but the...

Supply chain delays marred Pfizer's initial vaccine rollout plans, but the company says it will still deliver on the supply it promised the US

Summary List Placement Supply chain problems reportedly caused Pfizer to cut projections for its COVID-19 vaccine rollout. Sources close to the Pfizer vaccine development told... Read more ...

Daily Crunch: Google fires co-lead of its Ethical AI team

Daily Crunch: Google fires co-lead of its Ethical AI team

Google fires a leading researcher, Stripe launches a new banking service and WarnerMedia shakes up the theatrical business model. This is your Daily Crunch for December 3... Read more ...

Late stumble leaves S&P 500 just short of a record high

Late stumble leaves S&P 500 just short of a record high

U.S. stock indexes closed mostly higher Thursday after a late stumble pulled the S&P 500 just short of its third straight all-time high. Read more ...

Small Business, Big Revenue: 4 Tips to Reach SMBs in 2021

Small Business, Big Revenue: 4 Tips to Reach SMBs in 2021

In a perfect world, all of your customers would be huge, mega accounts. We can dream, right? But the truth is, while enterprise-level accounts can bring in big revenues, these... Read more ...

Comcast picks 80 Atlanta Black-owned small businesses for RISE program

Comcast picks 80 Atlanta Black-owned small businesses for RISE program

Comcast picked the first metro 80 Atlanta Black-owned small business to receive assistance from its RISE program. Read more ...