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Latest Business News

From Wall Street to Main Street

BBER is starting an ongoing look at the connection between financial markets and the real economy in North Dakota. Our first piece looks at small business lending and employment in North Dakota. Read it here.

 

 

Personal Spending and Income Report

Commerce released two reports today. Read our analysis here.

GDP Revised Down

The government revised down Q2 GDP to a still impressive 2.8%. This may be the last time we talk about numbers in this range given financial market problems. Read our analysis here.

The bailout

Speed is of the essence, but so is getting it right. Currently, there are too many questions. Read our analysis.

Housing provides no shelter for economy

Housing indicators are providing no relief for the economy. Read our analysis.

Fed does not cut rates

The Fed left rates alone today. Read our analysis.

Little reason to cheer lower CPI

The CPI decreased by 0.1% in August. Read our analysis.

Lack of Buyer leads to imminent Lehman bankruptcy.

Lehman Bros., nearly 160 years old, seems likely to go bankrupt. Read here.

Retail Sales Woes

The Commerce Department report shows a drop in sales for August. This may indicate a poor result for the stimulus plan. Read more here.

The Takeover of Fannie Mae and Freddie Mac

Those looking for our take on this situation can view it here.

 

 

 

 

 

 

 

 

 

 

 

 

Weekly Data Releases
Oct 7 Consumer Credit (Aug) 2pm
Oct 8 Pending Home Sales (Aug) 9am
Oct 8 Crude Inventories (10/04) 9.35am
Oct 9 Initial Claims (10/04) 7.30am
Oct 9 Wholesale Inventories (Aug) 9am
Oct 10 Export prices ex-ag. (Sep) 7.30am
Oct 10 Import prices ex-oil (Sep) 7.30am
Oct 10 Trade Balance (aug) 7.30am
   
Last Week's Releases
Sep 29 Personal Income +0.5% (Prior -0.6%)
Sep 29 Personal Spending +0.0% (Prior +0.1%)
Sep 30 Chicago PMI (Sep) 56.7 (-1.2)
Sep 30 Consumer Confidence (Sep) 59.8 (+1.3)
Oct 1 Auto Sales (Sep) -27% (year-over year)
Oct 1 Construction Spending (Aug) 0.0%
Oct 1 ISM index (Sep) 43.5 (Prior 49.9)
Oct 1 Crude Inventories (09/27) 4278K (-1520K)
Oct 2 Initial Claims (09/27) 497K (prior 493K)
Oct 2 Factory Orders (Aug) -4.0%
Oct 3 Average Workweek (Sep) 33.6 (-0.1)
Oct 3 Hourly Earnings (Sep) +0.2%
Oct 3 Nonfarm Payrolls (Sep) -159K (-86K)
Oct 3 Unemployment Rate (Sep) 6.1% (No change)
Oct 3 ISM Services (Sep) 50.0 -0.6
   
Two Weeks Ago
Sep 24 Exisitng Home Sales (August) 4.91M (-2.2%)
Sep 24 Crude Inventories (09/20) -1520K
Sep 25 Durable Orders (August) -4.5%
Sep 25 Initial Claims (09/20) 490K (+32K)
Sep 25 New Home Sales (August) 460K (-60K)
Sep 26 Chain Deflator-Final (Q2) 7.30 a.m.
Sep 26 GDP-Final (Q2) +2.8% (revised down 0.5%)
Sep 26 Mich Sentiment-Rev. (Sep) 70.3 (+7.3)