March 10, 2020 Headlines
Risk markets are rebounding today following President Trump’s announcement last night that the government would respond with temporary payroll tax cuts and targeted stimulus for people and businesses most impacted by the coronavirus panic. U.S. equity futures are up 3.5%, and Treasury yields are up 5-10 bps so far this morning. Oil futures are also bouncing back this morning after yesterday’s beatdown. WTI and Brent prices are up 8% today for front-month contracts despite Russian and Saudi Arabia both pledging to continue with a price war.
Jason Haley
Chief Investment Officer
Date | Event | Survey | Actual | Prior | Revised |
3/10/2020 | NFIB Small Business Optimism | 102.8 | 104.5 | 104.3 | — |
3/11/2020 | MBA Mortgage Applications | — | — | 15.10% | — |
3/11/2020 | CPI MoM | 0.00% | — | 0.10% | — |
3/11/2020 | CPI Ex Food and Energy MoM | 0.20% | — | 0.20% | — |
3/11/2020 | CPI YoY | 2.20% | — | 2.50% | — |
3/11/2020 | CPI Ex Food and Energy YoY | 2.30% | — | 2.30% | — |
3/11/2020 | CPI Index NSA | 258.455 | — | 257.971 | — |
3/11/2020 | CPI Core Index SA | 266.913 | — | 266.476 | — |
3/11/2020 | Real Avg Weekly Earnings YoY | — | — | 0.00% | — |
3/11/2020 | Real Avg Hourly Earning YoY | — | — | 0.60% | 0.50% |
3/11/2020 | Monthly Budget Statement | -$236.8b | — | -$234.0b | — |
3/12/2020 | PPI Final Demand MoM | -0.10% | — | 0.50% | — |
3/12/2020 | PPI Ex Food and Energy MoM | 0.10% | — | 0.50% | — |
3/12/2020 | PPI Ex Food, Energy, Trade MoM | 0.10% | — | 0.40% | — |
3/12/2020 | PPI Final Demand YoY | 1.80% | — | 2.10% | — |
3/12/2020 | PPI Ex Food and Energy YoY | 1.70% | — | 1.70% | — |
3/12/2020 | Initial Jobless Claims | 220k | — | 216k | — |
3/12/2020 | PPI Ex Food, Energy, Trade YoY | — | — | 1.50% | — |
3/12/2020 | Continuing Claims | 1733k | — | 1729k | — |
3/12/2020 | Bloomberg Consumer Comfort | — | — | 63 | — |
3/12/2020 | Household Change in Net Worth | — | — | $574b | — |
3/13/2020 | Import Price Index MoM | -1.00% | — | 0.00% | — |
3/13/2020 | Import Price Index ex Petroleum MoM | 0.10% | — | 0.20% | — |
3/13/2020 | Import Price Index YoY | -1.50% | — | 0.30% | — |
3/13/2020 | Export Price Index MoM | -0.40% | — | 0.70% | — |
3/13/2020 | Export Price Index YoY | -0.60% | — | 0.50% | — |
3/13/2020 | Bloomberg March United States Economic Survey | ||||
3/13/2020 | U. of Mich. Sentiment | 95 | — | 101 | — |
3/13/2020 | U. of Mich. Current Conditions | 112.8 | — | 114.8 | — |
3/13/2020 | U. of Mich. Expectations | 88.1 | — | 92.1 | — |
3/13/2020 | U. of Mich. 1 Yr Inflation | 2.40% | — | 2.40% | — |
3/13/2020 | U. of Mich. 5-10 Yr Inflation | — | — | 2.30% | — |
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