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

4/14/2020Export Price Index MoM-1.90%-1.60%-1.10%
4/14/2020Export Price Index YoY-3.60%-1.30%
4/14/2020Import Price Index MoM-3.20%-2.30%-0.50%-0.70%
4/14/2020Import Price Index ex Petroleum MoM-0.20%-0.10%0.20%
4/14/2020Import Price Index YoY-5.00%-4.10%-1.20%-1.30%
4/15/2020MBA Mortgage Applications7.30%-17.90%
4/15/2020Retail Sales Advance MoM-8.00%-8.70%-0.50%-0.40%
4/15/2020Retail Sales Ex Auto MoM-5.00%-4.50%-0.40%
4/15/2020Retail Sales Ex Auto and Gas-5.20%-3.10%-0.20%
4/15/2020Retail Sales Control Group-2.00%1.70%0.00%-0.20%
4/15/2020Empire Manufacturing-35-78.2-21.5
4/15/2020Industrial Production MoM-4.00%-5.40%0.60%0.50%
4/15/2020Capacity Utilization74.00%72.70%77.00%
4/15/2020Manufacturing (SIC) Production-4.10%-6.30%0.10%-0.10%
4/15/2020Business Inventories-0.40%-0.40%-0.10%-0.30%
4/15/2020NAHB Housing Market Index553072
4/15/2020U.S. Federal Reserve Releases Beige Book
4/15/2020Net Long-term TIC Flows$49.4b$20.9b$21.8b
4/15/2020Total Net TIC Flows-$13.4b$122.9b$127.3b
4/16/2020Housing Starts1300k1216k1599k1564k
4/16/2020Housing Starts MoM-18.70%-22.30%-1.50%-3.40%
4/16/2020Building Permits1296k1353k1464k1452k
4/16/2020Building Permits MoM-10.70%-6.80%-5.50%-6.30%
4/16/2020Philadelphia Fed Business Outlook-32-56.6-12.7
4/16/2020Initial Jobless Claims5500k5245k6606k6615k
4/16/2020Continuing Claims13260k11976k7455k7446k
4/16/2020Bloomberg Consumer Comfort44.549.9
4/17/2020Leading Index-7.20%-6.70%0.10%-0.20%


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