November 6, 2019 Headlines

Treasury yields turned lower this morning following the first decline in U.S. productivity since Q4 2015. Employee output per hour fell 0.3% annualized in Q3 according to a Labor Department report, sparking concerns that the economy may be losing steam. There’s mixed performance in global equity markets today, and S&P 500 futures are essentially unchanged at the moment. Three Fed leaders will be speaking today, including John Williams from the New York Fed.

Jason Haley
Managing Director, Investment Management Group

DateEventSurveyActualPriorRevised
11/4/2019Cap Goods Orders Nondef Ex Air—-0.60%-0.50%-0.60%
11/4/2019Durables Ex Transportation-0.30%-0.40%-0.30%-0.40%
11/4/2019Durable Goods Orders-1.10%-1.20%-1.10%-1.20%
11/4/2019Factory Orders-0.50%-0.60%-0.10%—
11/4/2019Factory Orders Ex Trans—-0.10%0.00%-0.20%
11/4/2019Cap Goods Ship Nondef Ex Air—-0.70%-0.70%—
11/5/2019Trade Balance-$52.4b-$52.5b-$54.9b-$55.0b
11/5/2019Markit US Services PMI5150.651—
11/5/2019Markit US Composite PMI—50.951.2—
11/5/2019JOLTS Job Openings7063702470517301
11/5/2019ISM Non-Manufacturing Index53.554.752.6—
11/6/2019MBA Mortgage Applications—-0.10%0.60%—
11/6/2019Nonfarm Productivity0.90%-0.30%2.30%2.50%
11/6/2019Unit Labor Costs2.20%3.60%2.60%2.40%
11/7/2019Initial Jobless Claims215k—218k—
11/7/2019Continuing Claims1682k—1690k—
11/7/2019Bloomberg Consumer Comfort——61—
11/7/2019Consumer Credit$15.000b—$17.901b—
11/8/2019Bloomberg Nov. United States Economic Survey
11/8/2019Wholesale Inventories MoM-0.30%—-0.30%—
11/8/2019Wholesale Trade Sales MoM0.20%—0.00%—
11/8/2019U. of Mich. Sentiment95.5—95.5—
11/8/2019U. of Mich. Current Conditions113.5—113.2—
11/8/2019U. of Mich. Expectations85—84.2—
11/8/2019U. of Mich. 1 Yr Inflation——2.50%—
11/8/2019U. of Mich. 5-10 Yr Inflation——2.30%—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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