{"id":73375,"date":"2024-01-18T09:03:02","date_gmt":"2024-01-18T14:03:02","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=73375"},"modified":"2024-01-18T09:03:02","modified_gmt":"2024-01-18T14:03:02","slug":"coffee-with-greta-attempted-rebound","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2024\/01\/18\/coffee-with-greta-attempted-rebound\/","title":{"rendered":"Coffee With Greta: Attempted Rebound"},"content":{"rendered":"

DJIA Futures: <\/b>-74 (-0.2%)<\/span><\/p>\n

SPX Futures: <\/b>+15 (+0.3%)<\/span><\/p>\n

NASDAQ Futures: <\/b>+124 (+0.7%)<\/span><\/p>\n

Good morning friends!<\/span><\/p>\n

Futures are mixed as the <\/span>S&P 500 <\/b>and <\/span>Nasdaq <\/b>look to rebound.\u00a0<\/span><\/p>\n

Let\u2019s get right to it!<\/span><\/p>\n

Home Construction Slows, Tops Expectations<\/span><\/h2>\n

U.S. new home construction slowed in December but still beat expectations.\u00a0<\/span><\/p>\n

The Census Bureau reported housing starts fell 4.3% to a seasonally adjusted annual rate of 1.46 million units last month.\u00a0<\/span><\/p>\n

That was better than economists\u2019 expectations for 1.43 million.\u00a0<\/span><\/p>\n

Single-family starts dropped 8.6% while multi-family starts rose 7.5%.\u00a0<\/span><\/p>\n

But the pace of construction is expected to pick-up in the months ahead as new permits issued rose.\u00a0<\/span><\/p>\n

Permits rose 1.9% to a seasonally adjusted annual rate of 1.5 million units vs 1.48 million expected.\u00a0<\/span><\/p>\n

Single-family permits rose 1.7% while multi-family permits rose 1.4%.<\/span><\/p>\n

Weekly Jobless Claims Drop Under 200,000<\/span><\/h2>\n

Weekly jobless claims fell unexpectedly last week in the latest sign of strength for the labor market.\u00a0<\/span><\/p>\n

The Labor Department reported 187,000 Americans filed initial claims for unemployment benefits.\u00a0<\/span><\/p>\n

That was down by 16,000 from the previous week and sharply lower than 208,000 expected.\u00a0<\/span><\/p>\n

It was also the lowest total of new claims in 16 months.\u00a0<\/span><\/p>\n

Continuing claims fell by 26,000 to 1.81 million in the week ending January 6.\u00a0<\/span><\/p>\n

Philly Fed Manufacturing Index Remains Negative<\/span><\/h2>\n

A key manufacturing gauge remained in negative territory for the fifth straight month in January.\u00a0<\/span><\/p>\n

The Philadelphia Fed\u2019s manufacturing index was roughly unchanged at -10.6 this month.\u00a0<\/span><\/p>\n

That was weaker than economists\u2019 expectations for an improvement to -8.<\/span><\/p>\n

The employment index weakened to -1.8 from -1.7 while new orders improved to -17.9 from -25.6.\u00a0<\/span><\/p>\n

The data showed signs of improving inflation as the prices paid index fell to 11.3 from 25.1 and prices received also fell to 6.3 from 13.6.\u00a0<\/span><\/p>\n

In Case You Missed It<\/span><\/h2>\n
    \n
  • Homebuilder confidence improved more than expected this month. The NAHB housing market index jumped seven points to 44 vs 39 expected. Sentiment about \u200b\u200bcurrent sales conditions rose seven points to 48, buyer traffic rose five points to 29, and 6-month sales expectations jumped 12 points to 57.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

    DJIA Futures: -74 (-0.2%) SPX Futures: +15 (+0.3%) NASDAQ Futures: +124 (+0.7%) Good morning friends! Futures are mixed as the S&P 500 and Nasdaq look to rebound.\u00a0 Let\u2019s get right to it! Home Construction Slows, Tops Expectations U.S. new home construction slowed in December but still beat expectations.\u00a0 The Census Bureau reported housing starts fell 4.3% to a seasonally adjusted annual rate of 1.46 million units last month.\u00a0 That was better than economists\u2019 expectations for 1.43 million.\u00a0 Single-family starts dropped 8.6% while multi-family starts rose 7.5%.\u00a0 But the pace of construction is expected to pick-up in the months ahead as new permits issued rose.\u00a0 Permits rose 1.9% to a seasonally adjusted annual rate of 1.5 million units vs 1.48 million expected.\u00a0 Single-family permits rose 1.7% while multi-family permits rose 1.4%. Weekly Jobless Claims Drop Under 200,000 Weekly jobless claims fell unexpectedly last week in the latest sign of strength for the labor market.\u00a0 The Labor Department reported 187,000 Americans filed initial claims for unemployment benefits.\u00a0 That was down by 16,000 from the previous week and sharply lower than 208,000 expected.\u00a0 It was also the lowest total of new claims in 16 months.\u00a0 Continuing claims fell by 26,000 to 1.81 million in the week ending January 6.\u00a0 Philly Fed Manufacturing Index Remains Negative A key manufacturing gauge remained in negative territory for the fifth straight month in January.\u00a0 The Philadelphia Fed\u2019s manufacturing index was roughly unchanged at -10.6 this month.\u00a0 That was weaker than economists\u2019 expectations for an improvement to -8. The employment index weakened to -1.8 from -1.7 while new orders improved to -17.9 from -25.6.\u00a0 The data showed signs of improving inflation as the prices paid index fell to 11.3 from 25.1 and prices received also fell to 6.3 from 13.6.\u00a0 In Case You Missed It Homebuilder confidence improved more than expected this month. The NAHB housing market index jumped seven points to 44 vs 39 expected. Sentiment about \u200b\u200bcurrent sales conditions rose seven points to 48, buyer traffic rose five points to 29, and 6-month sales expectations jumped 12 points to 57.<\/p>\n","protected":false},"author":41,"featured_media":73390,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-73375","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coffee-with-greta"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/73375","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=73375"}],"version-history":[{"count":2,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/73375\/revisions"}],"predecessor-version":[{"id":73391,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/73375\/revisions\/73391"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/73390"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=73375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=73375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=73375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}