April 17, 2020 Headlines

Risk assets are opening stronger on yesterday’s announcement of guidelines to reopen the economy, as well as positive news from companies Gilead and Boeing. Treasury yields are little changed at the moment. Dow futures rose 900 points after the close yesterday on reports that a drug produced by Gilead had very positive results treating COVID-19 patients in Chicago. President Trump’s re-opening guidelines include three phases that would gradually reduce social distancing guidelines if certain gateways are met in states or localities

Jason Haley
Chief Investment Officer

Date	Event	Survey	Actual	Prior	Revised
4/14/2020	Export Price Index MoM	-1.90%	-1.60%	-1.10%	—
4/14/2020	Export Price Index YoY	—	-3.60%	-1.30%	—
4/14/2020	Import Price Index MoM	-3.20%	-2.30%	-0.50%	-0.70%
4/14/2020	Import Price Index ex Petroleum MoM	-0.20%	-0.10%	0.20%	—
4/14/2020	Import Price Index YoY	-5.00%	-4.10%	-1.20%	-1.30%
4/15/2020	MBA Mortgage Applications	—	7.30%	-17.90%	—
4/15/2020	Retail Sales Advance MoM	-8.00%	-8.70%	-0.50%	-0.40%
4/15/2020	Retail Sales Ex Auto MoM	-5.00%	-4.50%	-0.40%	—
4/15/2020	Retail Sales Ex Auto and Gas	-5.20%	-3.10%	-0.20%	—
4/15/2020	Retail Sales Control Group	-2.00%	1.70%	0.00%	-0.20%
4/15/2020	Empire Manufacturing	-35	-78.2	-21.5	—
4/15/2020	Industrial Production MoM	-4.00%	-5.40%	0.60%	0.50%
4/15/2020	Capacity Utilization	74.00%	72.70%	77.00%	—
4/15/2020	Manufacturing (SIC) Production	-4.10%	-6.30%	0.10%	-0.10%
4/15/2020	Business Inventories	-0.40%	-0.40%	-0.10%	-0.30%
4/15/2020	NAHB Housing Market Index	55	30	72	—
4/15/2020	U.S. Federal Reserve Releases Beige Book
4/15/2020	Net Long-term TIC Flows	—	$49.4b	$20.9b	$21.8b
4/15/2020	Total Net TIC Flows	—	-$13.4b	$122.9b	$127.3b
4/16/2020	Housing Starts	1300k	1216k	1599k	1564k
4/16/2020	Housing Starts MoM	-18.70%	-22.30%	-1.50%	-3.40%
4/16/2020	Building Permits	1296k	1353k	1464k	1452k
4/16/2020	Building Permits MoM	-10.70%	-6.80%	-5.50%	-6.30%
4/16/2020	Philadelphia Fed Business Outlook	-32	-56.6	-12.7	—
4/16/2020	Initial Jobless Claims	5500k	5245k	6606k	6615k
4/16/2020	Continuing Claims	13260k	11976k	7455k	7446k
4/16/2020	Bloomberg Consumer Comfort	—	44.5	49.9	—
4/17/2020	Leading Index	-7.20%	-6.70%	0.10%	-0.20%

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