35 Burst results for "Commerce Department"
Key inflation gauge tracked by the Fed remains a high 6.3%
"The inflation gauge the Federal Reserve tracks most closely remains high I'm Ben Thomas with a look at the latest numbers The commerce department's personal consumption expenditures price index was 6.3% higher last month than May of last year On a month to month basis prices rose 6 tenths of a percent from April to May The fed tends to track the PCE more closely than the better known consumer price index which tends to weigh gasoline and housing costs more heavily But both tell the same basic story inflation is running dangerously hot The report also shows consumer spending rose at a sluggish two tenths of a percent rate from April to May but consumer income states slightly ahead of inflation while the savings rate also rose slightly Ben Thomas Washington
US economy slipped 1.6% to start year; return to growth eyed
"The government estimate of first quarter economic growth has been revised again I'm Ben Thomas with the latest numbers It's another downgrade The commerce department reports the economy shrank at a 1.6% annual pace from January through March the original estimate had been 1.4% But on its third and final estimate the department said consumer spending which accounts for about two thirds of economic output was substantially weaker than earlier calculated Growing at a 1.8% annual pace instead of 3.1 Still the negative GDP number probably doesn't signal the start of a recession despite inflation running at 40 year highs and consumer confidence sinking economists expect economic growth to resume Ben Thomas Washington
Retail sales in May slip 0.3% amid surging inflation
"The government reports that retail sales fell unexpectedly in May The commerce department reports that Americans trimmed their spending last month with retail sales unexpectedly slipping .3% the fall was led by a sharp decline in auto sales and the figures look worse when you adjust for inflation and exclude sales from gas stations showing how higher prices at the pump are accounting for more shoppers overall budget The national average for a gallon of gas is up 56 cents from a month ago and 60% since last year retailers say customers are also turning away from pandemic priorities The government report found sales at food stores and restaurants were up but building and garden supplies are slowing furniture home items electronics and online sales in general fell roughly 1% despite a record job market Andrew hunter with capital economist tells the AP surging prices may be finally taking their toll on real consumption I'm Jennifer King
Biden to meet Fed chair as inflation bites pocketbooks
"The president will meet with Federal Reserve chairman Jerome Powell as soaring prices take a bite out of the pandemic recovery President Biden will be meeting with the chair of the Federal Reserve system's board of governors for the first time since Jerome Powell was confirmed by the Senate for a second term The White House says they'll discuss the state of the U.S. and global economy and especially inflation which the commerce department reports was running at 6.3% in April Powell has signaled that the fed is likely to raise its key short term interest rate by a half point in both June and July to slow borrowing and pull the economy rising prices especially for gas have become a political problem for Biden and the Democrats and financial markets are worried about whether the fed can control inflation without tipping the biggest global economy into recession Jennifer King Washington
Key inflation gauge slowed to still-high 6.3% over past year
"And inflation gauge closely tracked by the Federal Reserve eased slightly last month though it remained just below a four decade high I'm Ben Thomas with a look at the numbers The commerce department's April personal consumption expenditures price index the PCE rose 6.3% from April a year ago and that's less than in March when the year over year increase was 6.6% It's the first slowdown in the price index since November 2020 The report adds to other recent signs that inflation while still high may be moderating at least for now The report also shows consumers spending rosa healthy 9 tenths of a percent from March to April outpacing the month to month inflation rate for a fourth straight time The ongoing willingness of consumers to spend despite inflated prices is helping sustain the economy I'm Ben Thomas
US economy shrank by 1.5% in Q1 but consumers kept spending
"The government's latest estimate of the gross domestic product for the first quarter is a downgrade I'm Ben Thomas with the closer look Consumers and businesses kept spending at a solid pace during the first three months of the year Nevertheless the economy shrank The commerce department estimates it contracted at a 1.5% annual pace from January through March a slight downward revision from its initial estimate It's the first drop in the GDP since the second quarter of 2020 the depths of the COVID-19 recession but it followed a robust 6.9% expansion of the economy in the final three months of last year The contraction was a result in part of a wider trade gap and slower restocking of goods and stores and warehouses after a holiday buildup Analysts say the economy has likely resumed growing in the current quarter Ben Thomas Washington
Retail sales rise 0.9% in April as consumers show resilience
"Americans Americans Americans Americans continue continue continue continue to to to to ramp ramp ramp ramp up up up up spending spending spending spending last last last last month month month month even even even even as as as as inflation inflation inflation inflation persists persists persists persists at at at at a a a a nearly nearly nearly nearly forty forty forty forty year year year year hi hi hi hi I'm I'm I'm I'm Ben Ben Ben Ben Thomas Thomas Thomas Thomas with with with with a a a a look look look look at at at at the the the the numbers numbers numbers numbers the the the the commerce commerce commerce commerce department department department department says says says says retail retail retail retail sales sales sales sales rose rose rose rose nine nine nine nine tenths tenths tenths tenths of of of of a a a a percent percent percent percent in in in in April April April April among among among among those those those those seeing seeing seeing seeing significant significant significant significant boosts boosts boosts boosts auto auto auto auto dealers dealers dealers dealers with with with with sales sales sales sales up up up up two two two two point point point point two two two two percent percent percent percent online online online online retailers retailers retailers retailers two two two two point point point point one one one one percent percent percent percent and and and and restaurants restaurants restaurants restaurants and and and and bars bars bars bars up up up up to to to to percent percent percent percent sales sales sales sales were were were were even even even even up up up up after after after after adjusting adjusting adjusting adjusting for for for for inflation inflation inflation inflation which which which which was was was was three three three three tenths tenths tenths tenths of of of of a a a a percent percent percent percent on on on on a a a a monthly monthly monthly monthly basis basis basis basis in in in in April April April April strong strong strong strong hiring hiring hiring hiring rapid rapid rapid rapid wage wage wage wage increases increases increases increases and and and and a a a a healthy healthy healthy healthy level level level level of of of of savings savings savings savings on on on on average average average average have have have have bolstered bolstered bolstered bolstered consumers consumers consumers consumers financial financial financial financial health health health health despite despite despite despite the the the the sharp sharp sharp sharp increase increase increase increase in in in in consumer consumer consumer consumer prices prices prices prices the the the the robust robust robust robust April April April April sales sales sales sales numbers numbers numbers numbers are are are are even even even even more more more more impressive impressive impressive impressive when when when when considering considering considering considering retail retail retail retail sales sales sales sales cover cover cover cover only only only only about about about about a a a a third third third third of of of of consumer consumer consumer consumer spending spending spending spending with with with with the the the the rest rest rest rest going going going going to to to to services services services services such such such such as as as as travel travel travel travel hair hair hair hair cuts cuts cuts cuts in in in in health health health health care care care care airlines airlines airlines airlines and and and and hotels hotels hotels hotels are are are are also also also also reporting reporting reporting reporting strong strong strong strong sales sales sales sales Ben Ben Ben Ben Thomas Thomas Thomas Thomas Washington Washington Washington Washington
A key inflation gauge sets 40-year high as gas and food soar
"A a key key gauge gauge on on inflation inflation is is hit hit a a forty forty year year high high with with prices prices on on food food and and gas gas still still soaring soaring the the commerce commerce department's department's reporting reporting the the personal personal consumption consumption expenditures expenditures price price index index has has jumped jumped six six point point four four percent percent in in February February compared compared to to a a year year ago ago the the largest largest spike spike in in four four decades decades strong strong consumer consumer demand demand and and shortages shortages of of many many goods goods helped helped drive drive the the increase increase intensified intensified by by Russia's Russia's invasion invasion of of Ukraine Ukraine which which has has disrupted disrupted global global oil oil markets markets and and xcelerated xcelerated prices prices for for wheat wheat nickel nickel and and other other key key commodities commodities excluding excluding volatile volatile prices prices for for food food and and energy energy the the core core inflation inflation number number increased increased five five point point four four percent percent in in February February compared compared to to the the previous previous year year some some economists economists are are now now predicting predicting the the federal federal reserve reserve could could raise raise its its key key lending lending rate rate by by an an aggressive aggressive half half point point in in both both may may and and June June hi hi Jackie Jackie Quinn Quinn
Retail sales up 0.3% in February amid higher prices
"American slowed their spending last month as prices for food gasoline toothpaste in just about everything else continue to rise I'm Ben Thomas with a look at the numbers retail sales rose just three tenths of a percent in February the commerce department report shows restaurants actually saw two point five percent jump in business and department stores one point six percent but online sales fell three point seven percent in categories like furniture electronics and general merchandise stores were also down the tepid February increase followed something of a splurge in January when sales rose four point nine percent fueled by wage gains solid hiring and more money in bank accounts but inflation slowed the pace in February with consumer prices running at seven point nine percent over a year ago I'm Ben Thomas
"commerce department" Discussed on WTOP
"And 55 to Jeff kleban Now he is up 696 points That's a 2% gain The S&P 500 Index up 77 just short of 2% The nasdaqs have a 147 That's a 1% gain A better gauge of how much we're spending shows Americans spent more last month This one from the commerce department is adjusted for inflation and without counting that personal spending rose one and a half percent in January the most in ten months Might take your boss a little time to find a replacement for your laptop Dell says it's backlog will balloon this quarter on chip shortages and manufacturing delays Bell's sales last quarter were still up 16% The James beard foundation restaurant and chef awards scrapped in both 2020 and last year returns this year 14 D.C. area restaurants and chefs are semifinalists The winners will be announced at an in person ceremony in Chicago June 13th Jeff gladwell news Money news brought to you by Ashley furniture Ashley's president's descent is extended It's your last chance to save up to 40% of select styles Buy today and get 6 years no interest with qualifying purchase Ashley in Maryland and Virginia Still ahead judge katangi Brown Jackson will be President Biden's nominated the Supreme Court also gunfire and explosions today in Ukraine's capital It's 1227 But there's the blues and jazz supper club the D.C. area's hotspot for live entertainment Welcomes Al jardine the cofounder of The Beach Boys with the family and friends store.
Key inflation gauge hit 6.1% in January, highest since 1982
"There's more data showing how hard inflation is hitting American consumers I'm Ben Thomas with the latest numbers the commerce department's personal consumption expenditures index or PCE jumped six point one percent in January compared with January of a year ago the largest year over year rice since nineteen eighty two excluding volatile food and energy prices core inflation increased five point two percent robust consumer spending along with widespread Produkten worker shortages have combined to spur inflation the PC is closely monitored by the federal reserve which is set at two percent target still consumers appear to shrug off the higher prices last month boosting spending two point one percent from December to January Ben Thomas Washington
U.S. Retail Sales Jump as Inflation Surges
"Retail sales surge as the threat of the I'm a cranberry and fades I can spend more money in January as retail sales jumped a seasonally adjusted three point eight percent easily surpassing the projections of most economists that compares to a decline of two and a half percent in December according to revised figures from the commerce department surging inflation also likely added to January's increase sales at general merchandise stores rose three point six percent while the part in store sales were up nine percent sales at furniture and home furnishing stores jumped seven percent while online sales surged nearly fifteen percent my
A key inflation gauge rose 5.8% in 2021, most in 39 years
"The the the the commerce commerce commerce commerce department's department's department's department's gauge gauge gauge gauge of of of of inflation inflation inflation inflation at at at at the the the the consumer consumer consumer consumer level level level level registered registered registered registered its its its its sharpest sharpest sharpest sharpest increase increase increase increase in in in in thirty thirty thirty thirty nine nine nine nine years years years years I'm I'm I'm I'm Ben Ben Ben Ben Thomas Thomas Thomas Thomas with with with with the the the the latest latest latest latest consumer consumer consumer consumer prices prices prices prices jumped jumped jumped jumped five five five five point point point point eight eight eight eight percent percent percent percent in in in in the the the the past past past past year year year year as as as as Americans Americans Americans Americans spent spent spent spent freely freely freely freely helped helped helped helped by by by by large large large large stimulus stimulus stimulus stimulus checks checks checks checks in in in in the the the the spring spring spring spring and and and and higher higher higher higher pay pay pay pay spending spending spending spending on on on on autos autos autos autos electronics electronics electronics electronics and and and and other other other other goods goods goods goods jumped jumped jumped jumped twelve twelve twelve twelve percent percent percent percent in in in in twenty twenty twenty twenty twenty twenty twenty twenty one one one one the the the the biggest biggest biggest biggest increase increase increase increase since since since since nineteen nineteen nineteen nineteen forty forty forty forty six six six six at at at at the the the the same same same same time time time time bottle bottle bottle bottle necked necked necked necked supply supply supply supply chains chains chains chains and and and and shortages shortages shortages shortages of of of of components components components components notably notably notably notably semiconductors semiconductors semiconductors semiconductors have have have have left left left left many many many many retailers retailers retailers retailers and and and and auto auto auto auto dealers dealers dealers dealers with with with with fewer fewer fewer fewer cars cars cars cars and and and and other other other other goods goods goods goods to to to to sell sell sell sell the the the the commerce commerce commerce commerce department's department's department's department's personal personal personal personal consumption consumption consumption consumption expenditures expenditures expenditures expenditures index index index index or or or or PCE PCE PCE PCE is is is is the the the the federal federal federal federal reserve's reserve's reserve's reserve's preferred preferred preferred preferred gauge gauge gauge gauge in in in in setting setting setting setting its its its its interest interest interest interest rate rate rate rate policies policies policies policies Ben Ben Ben Ben Thomas Thomas Thomas Thomas Washington Washington Washington Washington
US economy grew 5.7% in 2021 in rebound from 2020 recession
"The the the the U. U. U. U. S. S. S. S. economy economy economy economy last last last last year year year year grew grew grew grew at at at at the the the the fastest fastest fastest fastest pace pace pace pace since since since since Ronald Ronald Ronald Ronald Reagan's Reagan's Reagan's Reagan's presidency presidency presidency presidency the the the the commerce commerce commerce commerce department department department department reports reports reports reports the the the the economy economy economy economy ended ended ended ended twenty twenty twenty twenty twenty twenty twenty twenty one one one one growing growing growing growing at at at at a a a a solid solid solid solid six six six six point point point point nine nine nine nine percent percent percent percent annual annual annual annual pace pace pace pace from from from from October October October October through through through through December December December December for for for for the the the the year year year year that that that that brought brought brought brought growth growth growth growth to to to to five five five five point point point point seven seven seven seven percent percent percent percent it's it's it's it's the the the the strongest strongest strongest strongest calendar calendar calendar calendar year year year year growth growth growth growth in in in in the the the the gross gross gross gross domestic domestic domestic domestic product product product product since since since since nineteen nineteen nineteen nineteen eighty eighty eighty eighty four four four four when when when when the the the the nation's nation's nation's nation's total total total total output output output output of of of of goods goods goods goods and and and and services services services services grew grew grew grew seven seven seven seven point point point point two two two two percent percent percent percent following following following following a a a a recession recession recession recession twenty twenty twenty twenty twenty twenty twenty twenty one's one's one's one's growth growth growth growth also also also also came came came came on on on on a a a a rebound rebound rebound rebound from from from from twenty twenty twenty twenty twenties twenties twenties twenties brief brief brief brief but but but but devastating devastating devastating devastating coronavirus coronavirus coronavirus coronavirus recession recession recession recession economists economists economists economists do do do do expect expect expect expect the the the the expansion expansion expansion expansion to to to to continue continue continue continue this this this this year year year year but but but but with with with with covert covert covert covert nineteen nineteen nineteen nineteen caseload caseload caseload caseload still still still still high high high high and and and and inflation inflation inflation inflation putting putting putting putting a a a a squeeze squeeze squeeze squeeze on on on on things things things things the the the the pace pace pace pace is is is is expected expected expected expected to to to to be be be be slower slower slower slower than than than than Thomas Thomas Thomas Thomas Washington Washington Washington Washington
US new home sales jump in December as prices fall
"Sales sales sales sales of of of of new new new new homes homes homes homes have have have have ramped ramped ramped ramped up up up up in in in in recent recent recent recent weeks weeks weeks weeks with with with with buyers buyers buyers buyers expecting expecting expecting expecting the the the the borrowing borrowing borrowing borrowing costs costs costs costs will will will will rise rise rise rise the the the the commerce commerce commerce commerce department department department department says says says says sales sales sales sales of of of of new new new new single single single single family family family family homes homes homes homes rose rose rose rose in in in in December December December December to to to to their their their their highest highest highest highest level level level level in in in in ten ten ten ten months months months months with with with with buyers buyers buyers buyers taking taking taking taking advantage advantage advantage advantage of of of of lower lower lower lower prices prices prices prices in in in in anticipation anticipation anticipation anticipation that that that that interest interest interest interest and and and and mortgage mortgage mortgage mortgage rates rates rates rates will will will will rise rise rise rise this this this this seasonally seasonally seasonally seasonally adjusted adjusted adjusted adjusted sales sales sales sales pace pace pace pace for for for for the the the the month month month month was was was was eight eight eight eight hundred hundred hundred hundred eleven eleven eleven eleven thousand thousand thousand thousand new new new new homes homes homes homes up up up up nearly nearly nearly nearly twelve twelve twelve twelve percent percent percent percent over over over over the the the the previous previous previous previous month month month month which which which which has has has has been been been been revised revised revised revised downward downward downward downward and and and and home home home home prices prices prices prices fell fell fell fell slightly slightly slightly slightly the the the the median median median median was was was was three three three three hundred hundred hundred hundred seventy seventy seventy seventy seven seven seven seven thousand thousand thousand thousand seven seven seven seven hundred hundred hundred hundred last last last last month month month month the the the the lowest lowest lowest lowest level level level level since since since since June June June June but but but but still still still still up up up up about about about about four four four four percent percent percent percent from from from from last last last last December December December December new new new new home home home home sales sales sales sales in in in in general general general general have have have have been been been been declining declining declining declining after after after after the the the the pandemic pandemic pandemic pandemic related related related related burst burst burst burst in in in in the the the the spring spring spring spring of of of of twenty twenty twenty twenty twenty twenty twenty twenty I'm I'm I'm I'm Jackie Jackie Jackie Jackie Quinn Quinn Quinn Quinn sales sales sales sales of of of of new new new new homes homes homes homes have have have have ramped ramped ramped ramped up up up up in in in in recent recent recent recent weeks weeks weeks weeks with with with with buyers buyers buyers buyers expecting expecting expecting expecting the the the the borrowing borrowing borrowing borrowing costs costs costs costs will will will will rise rise rise rise the the the the commerce commerce commerce commerce department department department department says says says says sales sales sales sales of of of of new new new new single single single single family family family family homes homes homes homes rose rose rose rose in in in in December December December December to to to to their their their their highest highest highest highest level level level level in in in in ten ten ten ten months months months months with with with with buyers buyers buyers buyers taking taking taking taking advantage advantage advantage advantage of of of of lower lower lower lower prices prices prices prices in in in in anticipation anticipation anticipation anticipation that that that that interest interest interest interest and and and and mortgage mortgage mortgage mortgage rates rates rates rates will will will will rise rise rise rise this this this this seasonally seasonally seasonally seasonally adjusted adjusted adjusted adjusted sales sales sales sales pace pace pace pace for for for for the the the the month month month month was was was was eight eight eight eight hundred hundred hundred hundred eleven eleven eleven eleven thousand thousand thousand thousand new new new new homes homes homes homes up up up up nearly nearly nearly nearly twelve twelve twelve twelve percent percent percent percent over over over over the the the the previous previous previous previous month month month month which which which which has has has has been been been been revised revised revised revised downward downward downward downward and and and and home home home home prices prices prices prices fell fell fell fell slightly slightly slightly slightly the the the the median median median median was was was was three three three three hundred hundred hundred hundred seventy seventy seventy seventy seven seven seven seven thousand thousand thousand thousand seven seven seven seven hundred hundred hundred hundred last last last last month month month month the the the the lowest lowest lowest lowest level level level level since since since since June June June June but but but but still still still still up up up up about about about about four four four four percent percent percent percent from from from from last last last last December December December December new new new new home home home home sales sales sales sales in in in in general general general general have have have have been been been been declining declining declining declining after after after after the the the the pandemic pandemic pandemic pandemic related related related related burst burst burst burst in in in in the the the the spring spring spring spring of of of of twenty twenty twenty twenty twenty twenty twenty twenty I'm I'm I'm I'm Jackie Jackie Jackie Jackie Quinn Quinn Quinn Quinn sales sales sales sales of of of of new new new new homes homes homes homes have have have have ramped ramped ramped ramped up up up up in in in in recent recent recent recent weeks weeks weeks weeks with with with with buyers buyers buyers buyers expecting expecting expecting expecting the the the the borrowing borrowing borrowing borrowing costs costs costs costs will will will will rise rise rise rise the the the the commerce commerce commerce commerce department department department department says says says says sales sales sales sales of of of of new new new new single single single single family family family family homes homes homes homes rose rose rose rose in in in in December December December December to to to to their their their their highest highest highest highest level level level in in in ten ten ten months months months with with with buyers buyers buyers taking taking taking advantage advantage advantage of of of lower lower lower prices prices prices in in in anticipation anticipation anticipation that that that interest interest interest and and and mortgage mortgage mortgage rates rates rates will will will rise rise rise this this this
US warns that chip shortage could shut down factories
"The the the the government government government government is is is is warning warning warning warning a a a a computer computer computer computer chip chip chip chip shortage shortage shortage shortage could could could could shut shut shut shut down down down down factories factories factories factories the the the the commerce commerce commerce commerce department department department department says says says says companies companies companies companies that that that that use use use use semiconductors semiconductors semiconductors semiconductors are are are are down down down down to to to to less less less less than than than than five five five five days days days days of of of of inventory inventory inventory inventory a a a a sharp sharp sharp sharp drop drop drop drop from from from from forty forty forty forty days days days days in in in in twenty twenty twenty twenty nineteen nineteen nineteen nineteen chips chips chips chips used used used used to to to to produce produce produce produce automobiles automobiles automobiles automobiles and and and and medical medical medical medical devices devices devices devices are are are are especially especially especially especially scarce scarce scarce scarce commerce commerce commerce commerce secretary secretary secretary secretary Gina Gina Gina Gina Raymondo Raymondo Raymondo Raymondo says says says says the the the the supply supply supply supply chain chain chain chain for for for for semiconductors semiconductors semiconductors semiconductors remains remains remains remains fragile fragile fragile fragile the the the the Biden Biden Biden Biden ministration ministration ministration ministration is is is is calling calling calling calling on on on on Congress Congress Congress Congress to to to to pass pass pass pass stalled stalled stalled stalled legislation legislation legislation legislation that that that that would would would would provide provide provide provide fifty fifty fifty fifty two two two two billion billion billion billion dollars dollars dollars dollars for for for for domestic domestic domestic domestic semiconductor semiconductor semiconductor semiconductor production production production production chip chip chip chip shortages shortages shortages shortages have have have have disrupted disrupted disrupted disrupted car car car car production production production production during during during during the the the the pandemic pandemic pandemic pandemic raising raising raising raising prices prices prices prices still still still still it it it it would would would would take take take take years years years years for for for for semiconductor semiconductor semiconductor semiconductor factories factories factories factories to to to to begin begin begin begin operation operation operation operation at at at at Donahue Donahue Donahue Donahue Washington Washington Washington Washington
December marks 3rd straight month of growth for US builders
"Construction construction construction construction on on on on new new new new homes homes homes homes in in in in the the the the U. U. U. U. S. S. S. S. rose rose rose rose for for for for the the the the third third third third consecutive consecutive consecutive consecutive month month month month in in in in December December December December and and and and data data data data released released released released Wednesday Wednesday Wednesday Wednesday suggests suggests suggests suggests that that that that the the the the frantic frantic frantic frantic pace pace pace pace of of of of building building building building will will will will continue continue continue continue this this this this year year year year the the the the December December December December increase increase increase increase puts puts puts puts home home home home construction construction construction construction at at at at a a a a seasonally seasonally seasonally seasonally adjusted adjusted adjusted adjusted annual annual annual annual rate rate rate rate of of of of one one one one point point point point seven seven seven seven million million million million units units units units according according according according to to to to the the the the commerce commerce commerce commerce department department department department in in in in all all all all of of of of last last last last year year year year nearly nearly nearly nearly one one one one point point point point six six six six million million million million housing housing housing housing units units units units were were were were started started started started on on on on more more more more than than than than fifteen fifteen fifteen fifteen percent percent percent percent increase increase increase increase over over over over the the the the year year year year before before before before applications applications applications applications for for for for building building building building permits permits permits permits which which which which can can can can forecast forecast forecast forecast future future future future building building building building activity activity activity activity rose rose rose rose a a a a whopping whopping whopping whopping nine nine nine nine point point point point one one one one percent percent percent percent to to to to a a a a seasonally seasonally seasonally seasonally adjusted adjusted adjusted adjusted rate rate rate rate of of of of one one one one point point point point eight eight eight eight seven seven seven seven million million million million units units units units that's that's that's that's the the the the strongest strongest strongest strongest month month month month for for for for permits permits permits permits since since since since January January January January of of of of last last last last year year year year I'm I'm I'm I'm Julie Julie Julie Julie Walker Walker Walker Walker
December retail sales slide 1.9% amid shortages, omicron
"The the government's government's latest latest figures figures show show retail retail sales sales actually actually fell fell in in December December I'm I'm Ben Ben Thomas Thomas with with a a closer closer look look product product shortages shortages rising rising prices prices and and the the arrival arrival of of the the Omicron Omicron variant variant of of covert covert nineteen nineteen prompted prompted Americans Americans to to sharply sharply cut cut their their spending spending last last month month as as the the holiday holiday shopping shopping season season rolled rolled to to its its conclusion conclusion the the commerce commerce department department reports reports retail retail sales sales fell fell a a seasonally seasonally adjusted adjusted one one point point nine nine percent percent from from November November restaurant restaurant sales sales slipped slipped eight eight tenths tenths of of a a percent percent what what department department stores stores fell fell seven seven percent percent in in online online sales sales dropped dropped eight eight point point seven seven percent percent still still not not followed followed a a burst burst of of spending spending in in the the fall fall that that helped helped bolster bolster the the holiday holiday season season November November sales sales were were up up three three tenths tenths of of a a percent percent over over October's October's jump jump of of one one point point eight eight percent percent in in compared compared with with December December twenty twenty twenty twenty last last month's month's retail retail sales sales for for sixteen sixteen point point nine nine percent percent higher higher I'm I'm Ben Ben Thomas Thomas
November trade deficit hits near record-high $80.2 billion
"The the US US trade trade deficit deficit surges surges to to a a near near record record high high exports exports slowed slowed in in November November while while imports imports jumped jumped sharply sharply resulting resulting in in a a trade trade deficit deficit of of eighty eighty billion billion dollars dollars the the commerce commerce department department says says that's that's nineteen nineteen percent percent higher higher than than the the October October deficit deficit of of sixty sixty seven seven billion billion and and just just below below the the all all time time monthly monthly record record of of eighty eighty one one billion billion dollars dollars through through the the first first eleven eleven months months of of this this year year the the U. U. S. S. trade trade deficit deficit is is nearly nearly twenty twenty nine nine percent percent higher higher than than during during the the same same period period last last year year the the economic economic recovery recovery in in the the United United States States is is outpacing outpacing other other nations nations yes yes is is the the readiness readiness of of Americans Americans to to spend spend my my camp camp in in Washington Washington
"commerce department" Discussed on KQED Radio
"And Commerce Department officials are now trying to determine the extent of the damage and whether other U. S agencies were hacked. According to media reports. Russia's foreign intelligence Service is seen as the likely culprit for the hack. It's apparently been going on for months, but was only recently uncovered by federal officials. Federal health officials have expanded who can get the covert 19 vaccine. The CDC now says 16 and 17 year olds will be allowed to get the shots along with adults. NPR's Patti name and reports. The recommendation comes after the Food and Drug Administration authorized emergency distribution of the vaccine on Friday for people 18 and over Some health officials expressed concern about these younger teens getting vaccinated because they were not a big part of clinical trials. Even so, the CDC went along with its independent advisory committee's recommendation to clear this age group to receive the two dose vaccine operation Warp speed. Officials say 20 million Americans could get the vaccine. By the end of December. While plans vary by state. Those who will receive the shots first will be health care workers and residents of long term care facilities, Patty NAME and NPR news. Lawmakers air facing a growing year in to do list, including a deal on a new coronavirus relief package. But as NPR's Barbra's front reports that key House Democrat is indicating there may be some flexibility on one of his party's priorities. House Majority Leader Steny Hoyer said on Sunday that legislators will have to compromise in order to get a deal done. Saying quote Life is a series of trade offs and given takes, he told CNN that Democrats won't likely get everything they want referencing, boosting state and local aid. We think state local is important on def We can get that we want to get it, but we want to get aid out to the people who are really, really struggling and our great risk. Several existing federal programs, including some unemployment benefits are set to expire at the end of the month. Service friend. NPR NEWS The Georgia State Supreme Court has rejected a lawsuit from the Trump campaign and state Republicans seeking to overturn the state's presidential election results. Member station. W. Ve EMIL Moffett reports. Lawyers for President Trump and the Georgia GOP have continued to claim without proof that massive voter fraud led to Joe Biden's victory in the state. When the lawsuit was originally filed in early December, it was rejected by the Fulton County Superior Court because the paperwork was wrong and the filing fees were missing. Biden's narrow 11,700 vote win in the presidential contest in Georgia was confirmed by a statewide hand recount of the ballots, followed by a separate recount. Inducted by Scanner for NPR news. I'm a meal. Moffett in Atlanta. This is NPR news. Midnight time clashes between pro Trump supporters and counter demonstrators in Washington last night. The turned violent battles tore down a black lives matter banner and a sign from two historic black churches setting the banner on fire. Police say they're investigating the incidents as possible hate crimes. Iraqi military leaders say 42 Isis fighters have been killed during an operation south of the city of Mosul. The BBC Sebastian Usher has more On. Iraqi military spokesman says the operation, which started on Friday, uncovered tunnels and fortified caves that IAS fighters have been using to hide before staging attacks. The operation was one of many that Iraq has mounted this year against the thousands of IRS fighters scattered around the country in both active and sleeper cells. Iraqi forces still rely on backup from the U. S led coalition that helped defeat the group Territorially, Iraqi and U. S. Commanders have expressed concern that a further reduction of the already limited U. S troop numbers will weaken the fight against I s BBC Sebastian Usher reporting. John look Arrayed, the best selling British author of Cold War spy novels, has died. His agent says he died after a brief illness but not covert. 19. The Caray, whose real name was David Cornwell worked as a British intelligence officer before writing spy books, including the Spy who came in from the Cold. Tinker, Tailor, Soldier Spy and the night manager. Many of his books have been adapted into films and TV shows. He was 89 years old Asian markets are trading higher at this hour. The Nikkei in Japan Up about 6/10 of a percent. I'm Janine Herbst..
"commerce department" Discussed on KOMO
"25 the Trump Administration announced today plans to ban US downloads of the Chinese owned APS TIC TAC and we Chat a B C's Elizabeth's Scholesy from Washington, the Commerce Department announced today. It will prohibit American users from downloading the popular Chinese owned mobile APS, tic tac, and we chat Citing national security concerns, Commerce Secretary Wilbur Ross said in a statement. The band would prohibit downloads of TIC tac or we chat from APP stores as of September. 20th President Trump had issued an executive order in August, threatening a ban on TIC Tac if it didn't find an American buyer, which had is a popular messaging app, while Tic Tac is known for its short form videos. Elizabeth Chelsea. ABC NEWS Washington Washington State says the number of first time unemployment claims last week dropped by 8% more than 566,000 Total benefit claims statewide. Almost Connie Thompson says most claims are being paid fairly quickly. But thousands of people are still waiting for money and not getting answers to their questions. It is so confusing. I have all of these papers. It's so confusing, Patricia Emmert says. SD sent her weekly payments from April through August. Even after alerting her in May that some payments were denied. The notification said they were going to stop, but it didn't take kept coming, She says she stop spending the money until she could get answers. I think it'd be nice if they would answer the phone and let me talk to somebody who knows what's happening. Patricia says she was told to ignore the overpayment notices. Then she got three.
"commerce department" Discussed on KFI AM 640
"Jennifer the commerce department says new home sales in the U. S. were down fifteen point four percent last month that's on top of a four point six percent drop in February of nineteen killed seven hundred twenty nine people in LA county that brings the total cases to sixteen thousand four hundred thirty five these cases include four hundred and seventy seven people reported by our partners in the city of Long Beach and two hundred and sixty one people reported by the city of Pasadena both of which have independent city health department county health director Dr Barbara Ferrer says two hundred ninety two of the deaths were people living in nursing homes which represents forty percent of all deaths she says seventeen hundred ninety when people are in the hospital thirty percent of whom are in and I see you in nineteen percent are on ventilators Steve Gregory KFI news to senior citizens have died as more than seventy cobit nineteen cases had a nursing home in Huntington beach despite safety protocol for than forty five of the cases are patients the rest or staff we did include strict reserve restrictions and screener staff but we curtail communal activities within the facility monitored more frequently pacing connection settings in valley health care centers David Oates says also early last month the facility established best infection control practices increased disinfectant procedures and beefed up personal protection equipment understanding how the virus got into the facility is going to be a question for follow on investigations and covering because we simply can't pinpoint it it says the first signs of the virus showed up ten days ago in Huntington beach Corbin Carson K. if I need more than two point six million cases of cove in nineteen the bank confirmed around the world the virus has killed more than a hundred eighty four thousand people the U. S. has more than eight hundred forty two thousand cases and at least forty six thousand seven hundred eighty five debts now if you want to see a map of all.
"commerce department" Discussed on Newsradio 700 WLW
"How critical it is that you not squander all of your incoming you instead put some of the side of the future what. the commerce department is saying. wait a minute this might not be good news for the economy with Americans saving so much of their pay. they're not spending. and although the treasury department might say the personal savings rate is great for American consumers the commerce department says it's really bad for American businesses. household spending. is for now. and since consumers drive the economy this might spell bad news for the US economy and push us closer to the start of a recession I don't top of this the I ascend the institute for supply management has just released a manufacturing report this week and shows the level of manufacturing activity and it has dropped to the worst level in ten. years well put it all together and it could spell that the economy might be again to reduce its rate of growth we might actually have a negative growth rate otherwise known as recession and that could have an impact on investment values now we aren't suggesting you should be scared about this not at all we're not suggesting you should be worried not at all for a very simple reason we typically average a recession once every four years we haven't had one in ten years recessions when they do occur typically last only about eight to twelve months and when those recessions are over the economy starts to grow again so I'm not suggesting need to worry about it I'm sort of simply saying Hey on the pilot of the airplane and I'm simply telling you to put on your seatbelt. we're gonna have some turbulence it's not gonna have any adverse impact on our ability to get to our ultimate destination you're going to be able to get there it's just gonna be a little bit uncomfortable for a little bit of a while so recognize what's going on in the economic environment realize that things have been going so well for so long even to the point this year the stock market's up into the double digits well ahead of its average annual returns. it's bound to have a party come to an end at some point we don't know when that's going to be we don't know if that's going to be we don't know the degree that's going to be nobody does don't let anybody anywhere pretend to tell you anything different instead all you need to do Hey recognize the scenario B. confirm that your investment portfolio. is designed for your long term goals the next ten twenty thirty years not the next ten twenty thirty days or even the next few months. and that you have sufficient cash reserves to tide you through. a recessionary environment so you don't have to make unnecessary liquidations from your account while the volatility is occurring if you have any questions about that if you have on the uncertainty about that if you all don't know with a high degree of confidence that your portfolio is properly positioned properly diversified. to help you manage investment risks to help you achieve your long term goals in the face of volatility and perhaps even a recession. that's why you call us the triple eight plane wreck..
"commerce department" Discussed on WGN Radio
"Coming in delicious yeah except get this is white and there's a being a Jewish deli that's gonna open up in uptown I think at the end of the year they're shooting for salmon gritty's interesting from the folks to bring you Kaylee she's well so we'll talk to them hundred heinous is here too you guys go have fun with thanks Stevie tends to Chicago stories told twenty four seven on seven twenty WGN Chicago smart speaker users just a play WGN radio and tune in the news is sponsored by grand view homes in the newsroom here's a fun we have a thunderstorm and light rain sixty five it here let's get a look at the business lunch numbers in this noon hour all of them down the Dow Jones industrial down forty eight points to twenty six thousand eight forty two nasdaq down ninety eight to seven thousand nine thirty to the S. and P. five hundred also down twenty one points to two thousand nine fifty six and oil down fifty two cents to fifty five dollars eighty nine cents a barrel Americans boosted their spending by just a tenth of a percent last month the smallest gain in six months even though incomes rose at a solid pace the commerce department says the personal growth increased four tenths of a percent that's up by very slightly from the previous month orders to US factories for big ticket manufactured goods showed a slight increase last month commerce department reporting orders for durable goods edged up two tenths of a percent in August after much bigger two percent gain in July the Chicago teachers union voting for a strike teachers voting ninety four percent in.
"commerce department" Discussed on KCRW
"Today the commerce department reported a solid increase in consumer spending last month up six tenths of one percent so nice job where the casserole that spending is coming from though that matters as marketplace Kimberly Adams explains consumer spending is fueling economic growth even as businesses pull back on investments but more spending isn't by itself always a good thing prior to the Great Recession a lot of consumers and households were using credit as the main means of financing their outlays Gregory Dacko of Oxford economics says unlike back then today we're seeing is consumer spending growing more and more in line with real disposable income growth he says people are mostly spending within their means at the same time credit card delinquencies are on the rise and overall consumer debt is it more than thirteen trillion dollars including mortgage and student loan debt that's about a trillion more than just before the Great Recession Merial Beasley co founder of the common sense lab studies consumer behavior she says the solid job market and low interest rates more people into borrowing more than they should people taking on more and more debt whether that be sort of mortgage that or credit card debt or car loan debt a lot of that is people will borrow up to the amount that somebody will give them as long as unemployment remains low and wages rise people can spend then probably manage all right but says mark Hamrick a senior economic analyst at Bankrate dot com one thing that we do need to keep in mind is that expansions do not last forever and at some point we will have an economic downturn which is another way of saying a recession and it's at that point he says that having a lot of debt can become a lot more problematic in Washington I'm Kimberly Adams for market place coming up since the early nineties I think that we've been engaged in a grand experiment.
"commerce department" Discussed on KSFO-AM
"To the commerce department the economy grew more slowly than expected last year at a rate of two and a half percent down from the original estimate of three percent that's because businesses spent less on office construction equipment and software for the second quarter the gross domestic product climbed two point one percent the GDP has across the three percent threshold since two thousand five still the federal reserve is expected to cut interest rates next week as risks to the economy rise due to the trade war between the US and China I'm in case meanwhile White House economic adviser Larry Kudlow tell C. N. B. C. he's hoping to get trade talks with China back to where they were before collapsing last may saying if a meeting next week goes well he doesn't expect any new auto terrace to be levied calling it a stern warning to South Korea and head of military drills with the U. S. North Korea says its missile tests this week included a new type of tactical guided weaponry Barbara Starr following up at the Pentagon it's a missile that they have for Russian origins the missiles that North Korea fired may not have been particularly new they may be of Russian origin but the question of course is what is Kim Jong going doing to improve those missiles and improve his missile capability Jim Roop reports now that the investigation continues today and how deeper human smuggling operation may go at southern California's camp Pendleton marine base July third two marines were arrested allegedly trying to smuggle three Mexicans into the U. S. for money an investigation was launched and Thursday sixteen more marines were arrested in connection to the activities of the first two major Kendra Martha says the marine corps was quick to announce the arrests in an effort to be transparent to the public and to its members the standard is expected marines arrested well that's in the military justice system for now it'll be up to NCIS to decide whether it stays there or goes to the civil justice system.
"commerce department" Discussed on KNST AM 790
"If the question was a violation of the law they said they didn't receive enough information from the commerce department to make a decision that's basically what it was so just sucks though because of the commerce department it'd make a good enough case for it and they all voted everyone of them send it back you didn't give us information commerce department so the thing that sucks that it will not be on the twenty twenty cents which is ridiculous second thing that i think you need to know nancy pelosi is already rejected the senate version of the border bill and the reason that she rejected it of course because it it could actually do stuff we'll get then just you know i don't say in a second why she rejected but she's against it we have to come together and make them can whatever third thing i think you need to know is that they're their store yesterday there were suspected isis terrorists going to travel through haeco we warn the president that he confirmed it while story came out late last night early this morning that those suspected isis terrorist were caught in nikki rog wa nicaragua and we'll get to all that as to how they were caught so they three things i think you need to know so before we get to the debate and some more highlights of the insanity that took place because it really wasn't saying right really was nuts nancy pelosi rejected this bill so the senate bill passed eighty four to eight four point six billion dollars included two point eight billion isn't that crazy with a b for health and human services to provide a safe shelter and care for children in custody put a dam wall they don't come over whatever one point one billion for customs and border protection to establish migrant care and processing facilities two hundred twenty million for the justice department to help process immigration cases provide resources for t- u._s. marshal service for care and attention of federal detainees hundred forty five million for branches of the us military for missions along the border So it was the same amount of money. But it differs and how the money would be spent. So. You have Nancy Pelosi very upset about that. gene like that she extra the washington times she will demand changes to limit how long children can be held in some facilities they want released released like not even catch and release them open borders no laws anarchy release them all that's what democrats want she said chill insist on more money to pay the communities that illegal immigrant families are being dumped into instead of stopping them we just keep paying you go demand a new method of processing migrants when they arrive at the border which is cultural culturally linguistically and religiously appropriate there you go nancy pelosi Can't stand that woman can't stand you. Can can't stand her. So that's what she's doing there. so we have now when it comes to the debates after watching it do you not feel good about twenty twenty They're arguing back and forth who won the debate who won, you know, won Trump won. Trump won. You frigging kidding me. The Trump one Simon close. you know they went after trump a lot last night they didn't mention his name but no more kids in cages bub-bubba sierra boy tom hohmann former head ice came out and said listen i was a head ice when obama was there Obama built the cages for the kids, he did it. Tom who speaking at a conference, hosted by our friends at the center for immigration studies? says here he noted a democratic chairman who has the trump official you still keeping kids in cages he snapped he snapped i would answer the question the kids are being housed in the same facility built under the obama administration if you want to call them cages call them cages but if a left wants to call them cages and the democrats want to call them cages than they have to accept the fact they were built and funded in fiscal year twenty fifteen He said the border patrol facilities where illegal immigrants are detained were not built today. Care of children. So he went he went off on that. In fact before getting further. Let's play on MSNBC before the debate started I believe it was before the debates. This nutjob activist Erica. And e Ola. we've talked to m._s._n._b._c. she said some crazy things but she was completely accurate when she talked about obama but i this is what this nutjob said she was there with the daughter of bob menendez who now works for m._s._n._b._c. let's do one twenty first she said a crazy thing she works for something old racist which is an organization that tries to give everything they can give to legal immigrants let's just put it that way she actually was on m._s._n._b._c. no pushback whatsoever from the host after she said this we are seeing that there's more and more people who are dying at the border but also they're dying in actual hands of border patrol agents what more people are dying in the hands of until we had them in last week where they were talking about how they save these people this piece of garbage eric and e ola dying in the hands of shut up but she was accurate about who got the whole immigration detention tom home and said obama built these one twenty-one listen to this left-wing activists here we go and what i would hope is that we get on the stage statement from every candidate who are actually acknowledging what was happening under also on obama administration free who created this machine was handed over trump's you can make it even bigger and stronger as i wanna make sure that i don't want anymore you know type of of of regimen or of actions on immigration don't want anymore bama type actions i like it's always i but but you know obama type action so she was hoping democrats would say they wouldn't even do what obama did let them all go and she made that point one more time one twenty two here we go i would say that you know that we always say it is that obama created a big strong immigration enforcement machine that was taken by trump and that was make even bigger There you have it. Pretty cool stuff. There you go. Obama. You did it, he did it. crazy crazy stuff we'll get back to the debate and what you thought about it and what i thought more soundbites in just a second but more is coming out now about the supreme court ruling about the citizenship question this really bothers me i mean how can a country apparently not have the right to ask people if they're citizens when they live there Like, how does that make sense? Apparently does to John Roberts and by the way. John roberts. Chosen for that job by George W Bush. out of all the people sky kept obamacare alive i mean you know Sky's? The worst. so i'm just reading this they hill reports the move meaning again the citizens literally essentially what question are you a citizen yes or no Dem's lose their mind activists lose their mind. How can you ask that legitimate question? the move is surprise win for advocates who oppose the questions edition arguing it would lead to an inaccurate population count because we have so many illegals that are here now the justices sent the issue back to the commerce department provide another explanation chief justice john roberts joined with the court liberal wing and delivering the court's opinion he wrote the decision to reinstate a citizenship question cannot be adequately explained in terms of the department of justice requests for improved citizenship data to better enforce the voting rights act several points considered together reveal a significant mismatch between the decision commerce secretary wilbur ross made and the rationale he provided justice chief justice roberts pointed evidence showing ross who he's over the commerce department they oversee the census he intended to include a citizenship question on the census about a week into his tenure but it contains no hint that he was considering a voting rights act enforcement in connection with that project so that's the reason he said the evidence tells a story that doesn't match the explanation the secretary gave for his decision Is what John Roberts wrote. in the secretaries telling commerce he wrote commerce was simply acting on routine data requests from another agency at the materials before indicate the commerce went to great lengths to elicit the request from d._o._j. or any other willing agency he said the sole stated reason seems to have been contrived we have present in other words with an explanation for the agency action that is incongruent with what the record reveals about the priority decision making process he then added said the decision was to add the citizens of question was not subsequently invalid but they have to they provide more what was provided here was more of a distraction Dude. John roberts. That's the breaking news. that just happened ridiculous you can come if you'd like eight eight zero k n s t eight eight zero five six seven eight that is just a fetig john roberts you know gives trump even more power and it gives honestly has more power in to to vote in the right people not the globalist republicans but the trumpian republicans the america first republicans that will hopefully put in better people than john roberts skies one of the worst he really is very disappointing and everything he's done talking about this and we have some more highlights to play from the debates i have college doors need to get to his well do not go and then there's a city council not ours i wouldn't be shocked if it happens here but a city council said no more legible agents we'll get to that as well because we've a lot happening warning ritual garrett lewis canas t. a._m. seven hundred two sounds most stimulating talk morning ritual with gary lewis zerorez see we can squeeze this in zero zerorez three rooms of carpet.
"commerce department" Discussed on KOA 850 AM
"From the Commerce Department today show, the trade deficit narrowed to fifty point eight billion dollars. In April that's down from a revised fifty one point nine billion in March. First quarter labor costs are also down and a lot more than analysts were expecting labor costs cross the economy fell by one point six percent in the first three months of this year. That's double the decline. The experts were forecasting productivity is up three point four percent, one tenth less than the forecast, but it was well ahead of the one point nine percent increase the previous quarter, Fiat Chrysler hits the brakes on a merger with French carmaker Renault, the reason seems to be objections from the French government, which owns a sizeable chunk of Renault sticking point for the French government, Israel is reportedly Renault's partnership with Nissan. France wanted Nissan guarantee that continued partnership with Renault, the government reports, and abrupt drop in the number of H one B. Visas being approved those visas are for highly skilled workers usually in the tech industry. And that's where US firms are struggling to find qualified Americans, those jobs, US, citizenship, and immigration services, approved, three hundred thirty five thousand visas, and the team fiscal year down from ten percent in two thousand seventeen the reason for the drop. Your people are applying for those visas and fewer are being approved carnival. Cruise lines is in trouble for making the high seas look, more like a sewer company will have to write a twenty million dollar check for illegal dumping carnival admits deliberately dumping plastic wastes into the waters near the Bahamas and then falsifying records, harmful was hit with a forty million dollar fine thousand 2017 for similar violations. And earlier this year, a federal judge warned the company that it's cruise ships could be banned from entering American ports as punishment in our next money update. We'll have our first look at today's trading on Wall Street. That's coming up at seven fifty five KOA NewsRadio..
"commerce department" Discussed on KOMO
"State visit to Great Britain Hilton d day commemorations in Portsmouth today and then travelled to Ireland for a meeting with the Irish prime minister, Trump will head for France. Tomorrow to take part in ceremonies marking the seventy fifth anniversary of d day in Normandy Senate Democratic leader, Chuck Schumer says commonsense gun safety legislation knee is needed and overdue talking with reporters at the capitol. Schumer noted that the deadly mass shooting in Virginia Beach said that thoughts and prayers are not enough Virginia. Senator Mark Warner and fellow Virginian Tim Kaine called for quick action to expand background checks. There is a federal court hearing scheduled today over the citizenship question that the Trump administration added to the next census ABC news correspondent Aaron Katersky is with us now, from New York, where the hearings going to be taking place, Aaron what's at stake here? What could happen? The Commerce Department could be sanctioned which is the outcome. The ACLU is hoping for after they accused the ACLU of, of lying about the true intent of, including citizenship question on the twenty twenty cents. This is a decision that's automatically before the supreme court, but recently, the ACLU came into new evidence that they said, Poos their point, the evidence came from the, the, the papers of late cartographer, who was active in Republican party, politics and thought to be an expert in gerrymandering, and congressional. Redistricting. And he had written according to these papers about including the citizenship question, and how it would bolster the Republican party and hurt the Democrats. And so the ACLU says it's, it's the smoking gun evidence they've needed to prove that the Commerce Department had a political intent and not as they said the intend to help the Justice department enforce the Voting Rights Act. All right. Aaron we'll be listening for the reports on what happens today that federal court hearing in New York, ABC news correspondent Aaron Katersky. President Trump is attacking Bette midler after she apologized for sharing a fake, quote, supposedly made by him on Twitter, Trump called the actress and singer washed up psycho. He compared her to the fake news media that inches six scammer over the weekend. Biller tweeted a quote attributed to Trump, which was debunked several years ago. She apologized for her mistake, the Mexican foreign minister meets with secretary of state. Mike Pompeo today as Mexico and the United States trying to reach an agreement over immigration and tariffs, Mexican president under his money. L Lopez Oberdorf says he thinks his country will reach a deal before President Trump's new five percent. Tariffs. Go into effect on Monday Texas teacher is out of a job because of a tweet. She sent that was critical illegal immigration and a hearing yesterday. The Fort Worth school board voted unanimously to fire the high school English teacher who sent a tweet under an assumed name to President Trump asking if he could do anything to quote, remove illegals from Fort Worth lawmakers in North Carolina are expected to vote today on what's being called the born alive, Bill. Republican leaders feel they now have enough bipartisan support to override governor, ROY Cooper's veto of the Bill builder require doctors to care for a baby born alive after an attempted abortion. Komo news time five fifty has time to get to our propel insurance money update..
"commerce department" Discussed on AP News
"The Commerce Department says consumer spending increased three tenths of a percent in April. That follows a one point one percent surge in March that was the largest increase in nearly a decade spending on gerbil goods, such as cars dropped last month. But Americans spent more on food, clothing and services, the slowing growth in spending came despite a jump and personal income growth of five tenths percent. Income gains had been lagging so far this year. Meantime, inflation at the consumer level rose to one point five percent compared with a year ago that still below the Federal Reserve target of two percent. Ben Thomas Washington. India's newly sworn in prime minister Narendra Modi has named a cabinet of ministers, handing the powerful home affairs portfolio to the president of his Hindu nationalist, party credited with delivering him a thunderous reelection BJP, president ameet child was named the home minister while Modi's first term defense minister, was named finance minister in twenty four cabinet posts Modi's, Bharatiya Janata Party won three hundred three seats in the five hundred forty two member lower house of parliament, giving the party a decisive mandate, but Mody faces immense challenges, including a slowing economy, high rates of joblessness, and low agricultural prices that have hurt farmers. Eleven dead in a workplace shooting in Virginia Beach, Virginia. I'm Jacky Quin with an AP news minute. This city worker at the Virginia Beach municipal complex called nine one one gun John's. We could hearing gunshots kept hearing the cops get out and when it was over. Police chief Jim severa says eleven people were killed six were injured and police killed the gunman longtime employee.
"commerce department" Discussed on This Week In Google
"And just for now I mean, if she's not going to call people from a plane. To be the show where we end the podcast. My god. A week from today, your flying out to Seattle for the, you know the move. But does that mean you won't be able to do this show or his show or? And we're recording earlier doing early. Okay. Good. We talk. And then this show is a maybe karston has. Maybe we'll figure it out. We'll figure it after we like to get you whenever we can. So while way. This thing else to talk about land this. Well, there is. But this is this is a big one and mostly because it's an volving story at one voting devolving might be a better term for it. You know, this has been going on since the, and there was twenty twelve or twenty thirteen when the Commerce Department warned American companies about using equipment from Chinese companies, including WalMart, but also, as I remember Z T, which they've since basically put out of business with these kinds of accusations and maybe show me. So as far back as seven years, there've been people saying while way it's we don't know who owns them. We know the guy runs it was former Chinese military, former People's Liberation Army while way says we're owned by our employees are workers, but it's hard to pr-. Who've that. And even if not, there's definitely, the feeling that the Chinese government would have some sway while way. So President Trump signed an executive order banning. Which is kind of dramatic Weiwei gear. Got you know, I have to get the time line. Right. Because this seems like ages ago but this was made. Yeah. I was like it was so one week ago he I forgot that he declared a national emergency in this executive order and said the United States companies in the US cannot use telecom services that are solely owned controller directed by a foreign adversary..
"commerce department" Discussed on WNYC 93.9 FM
"The Commerce Department will be releasing January retail sales numbers in about an hour and a half. Now. December's numbers were terrible. Marketplace's Nancy Marshall genzer. Why? The Commerce Department reported retail sales were down one point two percent in December the biggest drop in almost a decade. Why retail analysts are still trying to figure that out? The December report was delayed because of the government shutdown and some of the analysts are saying the numbers were wrong. No fed chair. Jerome Powell is asked about those retail numbers into interview aired last night on CBS, sixty minutes. What do you have to say? Well, pow said the fed would be keeping an eye on retail. He did not question the quality of the December data, but he did say it was a surprise. There's also evidence by the way that that spending as has popped back up in January. But we'll that's that's. A surprisingly weak reading, and we'll be we'll be watching the next month's reading shortly. Now, the national retail federation will also be watching. It says the December data might have been less reliable than usual. But also says the turmoil in the stock market in the trade tensions could be causing consumers to pull back. All right. Nancy? Thank you know, the chair the fed is arguably the most powerful single economic policy maker in the country. So staying with Powell on sixty minutes last night. He also spoke to issue been covering here on marketplace people in their prime working years, we're not looking for work and therefore not technically in the labor force Powell said, it's not part of America's self image. But it's a fact that the US has more people not in the labor force than any other advanced country. So what's going on? Listen for the word opioid in Powell's answer here. Part of it is evolving technology, so as technology evolves. It requires rising skills on the part of the of the people. US educational attainment has not moved up as rapidly as it has in other countries. Globalization's also a factor for many advanced economies manufacturing to some extent has moved into developing countries. So for whatever reason and the opioid crisis is is related to I think to those other factors the opioid crisis. The opioid crisis is millions of people they tend to be young males. It's a very significant problem. And it's it's part of of a of a larger picture. Powell would CBS Scott Pelley last night. Let's do the numbers footsie in.
"commerce department" Discussed on KCRW
"The Commerce Department sent a report to President Trump over the weekend that could trigger new auto tariffs. And if those happen, it would likely have a big affect on German automakers that to say the Dax in Germany is down a tenth of a percent right now about fifteen points. The footsie in London is mostly flat right now. US markets are closed for president's day. But there is still news out of New York. Uber is suing the city over a law that limits. The company's business the law capped the number of four higher vehicle licenses. Uber says the move is unconstitutional. And meanwhile, Uber is joining some big names in the plane and helicopter world proposing a network of air taxis, which could whisk passengers up and across cities in minutes. Marketplace's Jack Stewart reports if you're imagining flying 'cause like those in Bladerunner twenty forty nine. You don't file Rome. But this fictional world could become real in Los Angeles and the Dallas area by twenty twenty three. Our vision is that we'll have a network of sky ports in urban areas. And we'll have a new class of aircraft operating. Eric Allison is head of Uber's aviation program. The ridesharing company wants to out a flight option to its app. Allowing users to book one of four seats in affectively giant electric drones. That will someday fly up over the gridlock. We can get the price per seat mile on their craft down to Uber acts like pricing, which in the US is somewhere around a dollar fifty per mile, depending on the market. There's nothing Sifi about. This says Jim Gregory director of the aerospace research center at a higher state university. Oh, certainly this is very real you their companies investing a lot of funds in making this happen, including Boeing Airbus and bell the plan will need approval from the FAA, but the agency will likely move slower than. Silicon Valley disrupt as a I'm Jack Stewart for marketplace..
"commerce department" Discussed on KQED Radio
"But the Commerce Department says they're still well below November twenty seventeen levels. This is NPR from K Q E D news in San Francisco. I'm Brian watt. San Ramon based Chevron could be forced to pull out of Venezuela. If tensions between the country and the US did not subside in the next six months. Peter Jon Shuler reports Chevron is caught up in the sanctions imposed on Venezuela's state-owned oil company by the US. And it's. Attempt to force out President Nicolas Maduro, Latin American energy policy fellow at Rice University Francisco Minardi difficult spots because they have significant investments in Venezuela. Their joint ventures with other national company of Venezuela. In fact, represent the largest production outside of the national oil company the sanctions allow Chevron six months to withdraw from the country, most of the oil from the joint ventures, go to chevrons Gulf Coast, refineries and are not expected to have much impact on California operations. In a statement. Chevron says it's working to keep its oil supply coming to the US. I'm Peter Jon Shuler, K Q E D news. The union representing Oakland's professional and technical workers. He's calling on the city to address understaffing and low wages members of the IFP. T E local twenty one are set to host a rally at city hall today to kick off bargaining for a new contract expected to start. Next month union member Calvin house says his department is losing staff to neighboring cities that pay more and.
"commerce department" Discussed on Bloomberg Radio New York
"We've found someone to blame someone to blame. And it's China and the president has tapped into that discontented you speak to and developed a siege mentality against globalization against everything that China stands for what you make the approach under this Commerce Department on things like trade compared to the approach they use hook. Well, I think this Commerce Department's extremely focused on trade thing about commerce commerce is a very broad mandate. And the first thing you need to be as commerce secretary is an advocate for American business, and advocate within policy within policy creation domestically and globally. And so walking away from trade agreements walking away from multi-lateralism is not the way for America to lead. It's not good for American business. It's not good for the American worker. I want to move to a domestic issue for global audience. This is front and center in the minds of all. Americans. And it's not that the Chicago Blackhawks so the next to the worst team in the National Hockey League penny preserves or something. Something about it quickly. It is the gun violence in your Chicago. Granted it's different. There are beautiful parts of Chicago. But it resonates every day in every weakens this America, the count violence in Chicago water, we do about this within the political leadership that we have how do we attack this? I think there's two levels to dealing with gun violence. The first is what we're doing in Chicago. We've come together the philanthropic community with the police force with the mayor's office, and we're bringing that violence, President Trump would say Democrats cannot cannot support our police person against that the Democratic Party support our police that's not that's not true. I mean, we have a democratic mayor in the city of Chicago who's working with the police department who's helping to bring down violence in our city. The other thing we have to do is we have to create opportunities. So this goes back to the same issue that we were just talking about my are. Thumb tropic efforts have worked directly with young men, and it's young men who are targets of this violence to help them. And they'll tell you if you can help me get a job at fifteen dollars an hour. I'm off the street. I want to support my family. I want to say for life. I don't wanna be couch surfing. We need to be helping these folks find an alternative half. And the other thing is we have to get guns off our streets. Do you ever cared for the democrat party you'd like an affinity with? There's so many now what I don't have a candidate. I'm really excited that there's going to be a robust dialogue in our party. And we're going to have to figure out where we want to be a party. I think there's a woman that used to go to basketball games at the YMCA is in Chicago. She's out on a book tour right now. She's from Chicago. She could maybe jump in and change the calculus. Penny. Pritzker? Thank you anything happening researcher. Carson, of course of Chicago, Chicago, you know, where that is. The baseball teams and they're very American preaching about geography to the European really? No. But I think there's a difference out there. It's it's an exciting city number one in job growth, number one and foreign direct investment. She's got all the stats. Sucks..