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Latest 2016 Presidential Polls – 27 August 2016 Edition

Since our last polling update, the Republican Tea Party (GOTP) candidate, Donald Trump, has had to fire his campaign manager, Paul Manafort, after it was discovered he has been on the payroll of a Vladimir Putin lackey, not surprising when we consider how pro-Putin Trump has been. Just more evidence of the GOP candidate’s overt ties to a potential enemy. Earlier Trump openly committed an act of sedition, when he asked Russian hackers to attack Hillary Clinton’s servers and find her missing emails. Trump has called for a Special Prosecutor to investigate the Clinton Foundation; shouldn’t we be asking for a Special Prosecutor to be appointed to investigate Trump’s ties to foreign governments?

decision 2016

Nationally, the polling numbers show Trump in the decline.

Reuters/Ipsos 20-26 August – Clinton 42/Trump 35
Quinnipiac 18-24 August – Clinton 51/Trump 41
NBC News/SurveyMonkey 15-21 August – Clinton 50/Trump 42
Gravis Poll 15 August – Clinton 54/Trump 46

2016-electoral-map-clinton-trump-27Aug2016

The Electoral Map is based on all current state polling data

As a reminder,
President Barack Obama defeated Mitt Romney 332/206 in 2012
Senator Barack Obama defeated Senator John McCain 365/173 in 2008
Governor Bill Clinton defeated President George HW Bush 370/168 in 1992
Governor Ronald Reagan defeated President Jimmy Carter 489/49 in 1980
President Lyndon Johnson (LBJ) defeated Senator Barry Goldwater 486/52 in 1964

Running election simulations, Clinton beats Trump nine out of ten times.
Clinton 307/Trump 231
Clinton 350/Trump 188
Clinton 349/Trump 189
Clinton 304/Trump 234
Clinton 322/Trump 216

Clinton 362/Trump 176
Clinton 288/Trump 250
Clinton 308/Trump 230
Clinton 267/Trump 271
Clinton 319/Trump 219

According to all current state polling data available, if all things remain constant, Hillary Clinton will be the 45th President of the United States, and Trump will still fade away as a footnote in the history books.

 
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Posted by on August 27, 2016 in 2016 Election

 

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Latest 2016 Presidential Polls – 29 July 2016 Edition

The Republican Tea Party (GOTP) candidate, Donald Trump openly committed an act of sedition during the week, asking Russian hackers to attack Hillary Clinton’s servers and find her missing emails leaving leaders of both parties to question whether Trump should receive any intelligence briefings from the CIA, as he may not be entirely trustworthy.

Hillary Clinton has made history being named the Democratic Party’s nominee – the first woman nominated by a major political party in United States history. Sorry, Jill Stein does not count since the Green Party is definitely not a major party. Clinton has selected Virginia Senator Tim Kaine as her running mate, and the two parties have their champions.

decision 2016

Nationally, the polling numbers giving Trump a small post-convention bump are beginning to go soft.

Reuters/Ipsos 25-29 July – Clinton 40/Trump 35
LA Times/USC 22-28 July – Clinton 41/Trump 47
Economist/YouGov 23-24 July – Clinton 47/Trump 42
NBC News/SurveyMonkey 18-24 July – Clinton 46/Trump 45
CNN/ORC Poll 22-24 July – Clinton 48/Trump 45
Gravis Poll 21-22 July – Clinton 49/Trump 51

2016-electoral-map-clinton-trump-29July 2016

The Electoral Map is based on all current state polling data

As a reminder,
President Barack Obama defeated Mitt Romney 332/206 in 2012
Senator Barack Obama defeated Senator John McCain 365/173 in 2008
Governor Bill Clinton defeated President George HW Bush 370/168 in 1992
Governor Ronald Reagan defeated President Jimmy Carter 489/49 in 1980
President Lyndon Johnson (LBJ) defeated Senator Barry Goldwater 486/52 in 1964

Running election simulations, Clinton beats Trump nine out of ten times.

Clinton 294/Trump 244
Trump 279/Clinton 259
Clinton 278/Trump 260
Clinton 298/Trump 240
Clinton 300/Trump 238

Clinton 342/Trump 196
Clinton 330/Trump 208
Clinton 302/Trump 236
Clinton 308/Trump 230
Clinton 293/Trump 245

According to all current state polling data available, if all things remain constant, Hillary Clinton will be the 45th President of the United States, and Trump will be a fade away as a footnote in the history books.

 
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Posted by on July 29, 2016 in 2016 Election

 

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Latest 2016 Presidential Polls – 22 July 2016 Edition

The Republican Tea Party (GOTP) candidate, Donald Trump, has declared only he can save America, and has emerged from the disaster which was the Republican National Convention. Between Ben Carson claiming Hillary Clinton is in league with Satan, wife Melania willfully committing plagiarism, and the crowd shouting for blood, calling for Hillary’s arrest and booing Ted Cruz from the stage, many Republican insiders are happy that he’s off to the slaughter and good riddance.

decision 2016

Trump has also anointed his running mate, Governor of Indiana Mike Pence, right-wing evangelical crazy, and politician in freefall who was about to lose his reelection bid after a series of horrendous decisions, including last year’s “religious freedom” exercise wherein he signed into law a bill allowing “Christian” businesses to discriminate against anyone they felt violated God’s law, but primarily same-sex couples.

On the Democratic side, Hillary Clinton is set to pick her running mate as she prepares for next week’s Democratic Convention in Philadelphia. Clinton and fellow Democrats spent the past week gleefully watching the Trump Coronation stumble from one miscue to the next.

Reuters/Ipsos 16-20 July – Clinton 40/Trump 36
Economist/YouGov 15-17 July – Clinton 45/Trump 41
NBC News/SurveyMonkey 11-17 July – Clinton 46/Trump 45
CNN/ORC Poll 13-16 July – Clinton 49/Trump 42
ABC News/Wash Post 11-14 July – Clinton 47/Trump 43

2016-electoral-map-clinton-trump-22 July 2016

As a reminder,
President Barack Obama defeated Mitt Romney 332/206 in 2012
Senator Barack Obama defeated Senator John McCain 365/173 in 2008
Governor Bill Clinton defeated President George HW Bush 370/168 in 1992
Governor Ronald Reagan defeated President Jimmy Carter 489/49 in 1980
President Lyndon Johnson (LBJ) defeated Senator Barry Goldwater 486/52 in 1964

Running election simulations, Clinton beats Trump nine out of ten times.

Clinton 328/Trump 210
Clinton 342/Trump 196
Clinton 271/Trump 267
Clinton 304/Trump 234
Clinton 290/Trump 248

Trump 298/Clinton 240
Clinton 282/Trump 256
Clinton 295/Trump 243
Clinton 273/Trump 265
Clinton 320/Trump 218

According to recent polling data available, if all things remain constant, odds are Hillary Clinton will be the 45th President of the United States, and Trump will be a footnote in the history books.

 
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Posted by on July 22, 2016 in 2016 Election

 

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Just a thought…

2016 vs 2012 vs 2008

 
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Posted by on January 7, 2016 in 2016 Election

 

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Private Sector is Doing Fine – 15 Jun to 15 Jul 2013 Edition

During the 2012 Presidential campaign President Obama said, “The private sector is doing fine,” which was immediately jumped on by his erstwhile opponent Republican Tea Party (GOTP) 2012 presidential footnote, Willard Mitt Romney, who replied, “I think he’s really defining what it means to be out of touch with reality.”

money_12

Now of course we know what happened in November, Romney had his political head handed to him on a plate, and the GOTP lost seats in both the House and the Senate, and conservatives still continue to claim the economy is failing. Some people either don’t get it, or won’t get it.

Clearly the economy is in recovery and the following indicators show the private sector is indeed “doing fine”, and all the info – by-the-way – comes from FOX Business:

First Quarter 2013 reported earnings: 3M reported $7.6 billion, Alcoa reported $5.8 billion, Amazon reported $16.07 billion, AT&T reported $31.4 billion, Bank of America reported $23.7 billion, BlackBerry reported $3.1 billion, Boeing reported $18.9 billion, Caterpillar reported $13.21 billion, Cisco reported $11.9 billion, Citigroup revealed $20.8 billion, Coca-Cola reported $11.03 billion, Disney reported $11.3 billion, ExxonMobile reported $108.81 billion, Facebook reported $1.458 billion, FedEx posted $10.79 billion, Goldman Sachs reported $10.09 billion, Google reported $13.97 billion, Intel reported $12.6 billion, IBM posted $23.4 billion, J.P. Morgan Chase reported $25.8 billion, Johnson & Johnson reported $17.5 billion, Microsoft reported $16 billion, Morgan Stanley reported $8.5 billion, Netflix reported $1.02 billion, Procter & Gamble reported $20.7 billion, Pfizer revealed $13.5 billion, United technologies reported $14.4 billion, UPS reported $13.43 billion, Verizon reported $29.4 billion, Wells Fargo reported $21.3 billion, Wal-Mart reported $113.4 billion, while Yahoo reported $1.07 billion.

In the second quarter 2012 the following earnings were reported by the private sector: Amazon.com reported $12.8 billion, Alcoa reported $5.85 billion, Apple reported $43.6 billion, AT&T reported $31.6 billion, Bank of America reported $22.9 billion, Best Buy reported $10.55 billion, Cisco reported $12.1 billion, Citigroup reported $19.75 billion, Coca-Cola reported $13.09 billion, Dell reported $14.5 billion, EBay reported $3.4 billion, Facebook reported $1.2 billion, Google reported $12.21 billion, IBM reported $25.8 billion, Intel reported $13.5 billion, J.P. Morgan Chase reported $26 billion, Johnson & Johnson reported $16.5 billion, Macy’s reported $6.12 billion, McDonald’s reported $6.92 billion, Microsoft reported $21.5 billion, Morgan Stanley reported $7 billion, Nike reported $5.96 billion, Oracle reported $9.1 billion, Pfizer reported $15.1 billion, Procter & Gamble reported $20.2 billion, Travelers reported $6.36 billion, United Parcel Service (UPS) reported $13.4 billion, Verizon reported $28.6 billion, Walt Disney Co. reported $10.55 billion, Wells Fargo reported $21.4 billion and Yahoo reported $1.14 billion

Following are third quarter 2012 earnings: 3M reported $7.5 billion, American Express reported $7.9 billion, AT&T reported $31.5 billion, Bank of America reported $20.4 billion, Best Buy reported $10.75 billion, Boeing reported $20 billion, Caterpillar reported $16.45 billion, Citigroup reported $19.4 billion, Coca-Cola reported $12.34 billion, Dell reported $13.7 billion, FedEx revealed  $11 billion,  Goldman Sachs reported $8.35 billion, Google reported $11.3 billion, Hewlett-Packard reported $29.7 billion, IBM reported $24.7 billion, Intel reported $13.5 billion, Johnson & Johnson reported $17.1 billion, J.P. Morgan Chase reported $25.9 billion, McDonald’s reported $7.2 billion, Merck reported $11.49 billion, Morgan Stanley reported $7.6 billion, Oracle posted $9 billion, Pfizer’s reported $14 billion, Procter & Gamble posted $20.6 billion, Research in Motion reported $2.73 billion, Travelers reported $6.51, Texas Instruments reported $3.39 billion, United Parcel Service reported $13.07 billion, Wal-Mart reported $113.2 billion, Wells Fargo reported $21.2 billion and Yahoo reported $1.09 billion

Following are fourth quarter 2012 earnings: 3M reported $7.4 billion, Alcoa reported $5.9 billion, Amazon.com reported $21.27 billion, American Express reported $8.1 billion, Apple reported $36 billion, Bank of America reported $19.61 billion, Boeing posted $22.3 billion, Caterpillar reported $16.1 billion, Cisco reported $11.7 billion, Citigroup reported $18.7 billion, Coca-Cola reported $11.46 billion, Dell reported $14.3 billion, eBay reported $4 billion, ExxonMobil reported $115.17 billion, Facebook reported $1.59 billion, FedEx reported $11.4 billion, Goldman Sachs reported $9.24 billion, Hewlett-Packard reported $30 billion, Intel reported $13.5 billion, Johnson & Johnson posted $17.6 billion, J.P. Morgan Chase reported $24.4 billion, McDonald’s reported $6.95 billion, Merck reported $11.74 billion, Morgan Stanley reported $7.5 billion, News Corp. reported $8.4 billion, Oracle reported $11 billion, Pfizer reported $15.1 billion, Travelers posted $6.48 billion, United Technologies posted $16.4 billion, United Parcel Service (UPS) reported $14.57 billion, Walt Disney reported $10.78 billion, Wells Fargo reported $21.9 billion and Yahoo posted $1.22 billion

Budget Deficit:

The U.S. federal government ran a surplus of $117 billion in June, compared to a deficit of $60 billion in the same month in 2012. The fiscal year 2013 deficit is running at $510 billion, compared to $904 billion during the same period in 2012.

Consumer Confidence:

The Conference Board reports consumer confidence rose to 81.4 in June from 74.3 in May – beating estimates of 75.4.

Consumer Sentiment:

A reading on consumer sentiment from Reuters and the University of Michigan came in at 84.1 in late June, up from a preliminary reading of 82.7. Wall Street expected the measure to rise to 82.8.

Credit Ratings:

On 28 June 2013, Fitch Ratings affirmed the U.S. credit rating at ‘AAA,’

Home Builder Sentiment:

The National Association of Home Builders’ gauge of home builder sentiment soared to 57 in July from 51 in June, easily beating expectations of 52. It was the highest reading since January 2006.

Manufacturing:

The New York Federal Reserve’s regional manufacturing gauge jumped to 7.8 in June from -1.4 in May, easily beating expectations of zero. Readings above zero point to expansion, while those below indicate contraction.

The Philadelphia Federal Reserve’s gauge of manufacturing activity in the mid-Atlantic region zoomed higher to 12.5 in June from -5.2 in May. The index was expected to rise to -2. Readings above zero point to expansion while those below indicate contraction.

Nonfarm Payrolls:

The Labor Department reports nonfarm payrolls jumped by 195,000 in June, coming in well above expectations of 165,000; the May job increase was also revised higher by 20,000 to 195,000. The unemployment rate held steady at 7.6%, compared to expectations that it would fall to 7.5%. The labor force participation rate rose in June to 63.5% from 63.4% in May. U.S. stock-index futures extended gains on the back of the report.

PMI Gauge:

The Institute for Supply Management’s U.S. PMI gauge increased to 50.9 in June from 49 in May, narrowly beating expectations of 50.5. The data indicate the U.S. manufacturing sector shifted into expansion in June from a mild contraction in May.

Private Sector Jobs:

The American private sector added 188,000 jobs in June, according to payroll processor ADP. The gain is considerably larger than the 160,000 economists expected.

Unemployment:

U.S. weekly jobless claims fell to 346,000 for the week ending 28 June 2013, from an upwardly revised 355,000 the week prior. Claims were expected to fall to 345,000 from an initially reported 354,000.

The number of individuals applying for first-time jobs benefits fell to 343,000 for the week ending 28 June 2013 from an upwardly revised 348,000 the week prior. Economists expected claims to fall to 345,000 from an initially reported 346,000. The report comes a day early this week as a result of the Independence Day holiday.

Stock Market:

Stock Market was 8077.56 on 19 Jan 09 and 15,484.26 on 15 July 13.

So, let’s see, even though the 2012 GOTP presidential footnote claimed President Obama was defining what it meant to be “out of touch with reality” it appears it was he – Willard Mitt Romney, and the entire corps of conservative talking heads – who appears to have defined it. The economy continues to improve, no thanks to the GOTP obstructionists in Congress, and all signs point to it continuing to improve.

 
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Posted by on July 17, 2013 in Economics

 

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Private Sector is Doing Fine – 15 Jun 13 Edition

Anyone who paid any attention at all during the 2012 Presidential campaign knows President Obama said, “The private sector is doing fine,” which was immediately jumped on by his erstwhile opponent Republican Tea Party (GOTP) 2012 presidential footnote, Willard Mitt Romney, who replied, “I think he’s really defining what it means to be out of touch with reality.”

money_12

Now of course we know what happened in November, Romney had his political head handed to him on a plate, and the GOTP lost seats in both the House and the Senate, and conservatives still continue to claim the economy is failing. Some people either don’t get it, or won’t get it.

Clearly the economy is in recovery and the following indicators (reported since 15 May 2013) show the private sector is indeed “doing fine”, and all the info – by-the-way – comes from FOX Business:

First Quarter 2013 reported earnings: 3M reported $7.6 billion, Alcoa reported $5.8 billion, Amazon reported $16.07 billion, AT&T reported $31.4 billion, Bank of America reported $23.7 billion, Boeing reported $18.9 billion, Caterpillar reported $13.21 billion, Cisco reported $11.9 billion, Citigroup revealed $20.8 billion, Coca-Cola reported $11.03 billion, Disney reported $11.3 billion, ExxonMobile reported $108.81 billion, Facebook reported $1.458 billion, FedEx posted $10.79 billion, Goldman Sachs reported $10.09 billion, Google reported $13.97 billion, Intel reported $12.6 billion, IBM posted $23.4 billion, J.P. Morgan Chase reported $25.8 billion, Johnson & Johnson reported $17.5 billion, Microsoft reported $16 billion, Morgan Stanley reported $8.5 billion, Netflix reported $1.02 billion, Procter & Gamble reported $20.7 billion, Pfizer revealed $13.5 billion, United technologies reported $14.4 billion, UPS reported $13.43 billion, Verizon reported $29.4 billion, Wells Fargo reported $21.3 billion, Wal-Mart reported $113.4 billion, while Yahoo reported $1.07 billion.

In the second quarter 2012 the following earnings were reported by the private sector: Amazon.com reported $12.8 billion, Apple reported $43.6 billion, AT&T reported $31.6 billion, Bank of America reported $22.2 billion, Best Buy reported $10.55 billion, Cisco reported $12.1 billion, Citigroup reported $18.4 billion, Coca-Cola reported $13.09 billion, Dell reported $14.5 billion, Walt Disney Co. reported $10.55 billion, EBay reported $3.4 billion, Facebook reported $1.2 billion, Google reported $12.21 billion, IBM reported $25.8 billion, Intel reported $13.5 billion, Johnson & Johnson reported $16.5 billion, Macy’s reported $6.12 billion, McDonald’s reported $6.92 billion, Microsoft reported $21.5 billion, Morgan Stanley reported $7 billion, Nike reported $5.96 billion, Oracle reported $9.1 billion, Pfizer reported $15.1 billion, Procter & Gamble reported $20.2 billion, Travelers reported $6.36 billion, United Parcel Service (UPS) reported $13.4 billion, Verizon reported $28.6 billion and Yahoo reported $1.08 billion

Following are third quarter 2012 earnings: 3M reported $7.5 billion, American Express reported $7.9 billion, AT&T reported $31.5 billion, Bank of America reported $20.4 billion, Best Buy reported $10.75 billion, Boeing reported $20 billion, Caterpillar reported $16.45 billion, Citigroup reported $19.4 billion, Coca-Cola reported $12.34 billion, Dell reported $13.7 billion, FedEx revealed  $11 billion,  Goldman Sachs reported $8.35 billion, Google reported $11.3 billion, Hewlett-Packard reported $29.7 billion, IBM reported $24.7 billion, Intel reported $13.5 billion, Johnson & Johnson reported $17.1 billion, J.P. Morgan Chase reported $25.9 billion, McDonald’s reported $7.2 billion, Merck reported $11.49 billion, Morgan Stanley reported $7.6 billion, Oracle posted $9 billion, Pfizer’s reported $14 billion, Procter & Gamble posted $20.6 billion, Research in Motion reported $2.73 billion, Travelers reported $6.51, Texas Instruments reported $3.39 billion, United Parcel Service reported $13.07 billion, Wal-Mart reported $113.2 billion, Wells Fargo reported $21.2 billion and Yahoo reported $1.09 billion

Following are fourth quarter 2012 earnings: 3M reported $7.4 billion, Alcoa reported $5.9 billion, Amazon.com reported $21.27 billion, American Express reported $8.1 billion, Apple reported $36 billion, Bank of America reported $19.61 billion, Boeing posted $22.3 billion, Caterpillar reported $16.1 billion, Cisco reported $11.7 billion, Citigroup reported $18.7 billion, Coca-Cola reported $11.46 billion, Dell reported $14.3 billion, eBay reported $4 billion, ExxonMobil reported $115.17 billion, Facebook reported $1.59 billion, Goldman Sachs reported $9.24 billion, Hewlett-Packard reported $30 billion, Intel reported $13.5 billion, Johnson & Johnson posted $17.6 billion, J.P. Morgan Chase reported $24.4 billion, McDonald’s reported $6.95 billion, Merck reported $11.74 billion, Morgan Stanley reported $7.5 billion, News Corp. reported $8.4 billion, Pfizer reported $15.1 billion, Travelers posted $6.48 billion, United Technologies posted $16.4 billion, United Parcel Service (UPS) reported $14.57 billion, Walt Disney reported $10.78 billion, Wells Fargo reported $21.9 billion, while Yahoo posted $1.22 billion

Consumer Confidence:

The Conference Board’s gauge of U.S. consumer confidence rose to 76.2 in May from 69 in April, topping economists’ estimates of 71 and marking the highest reading since February 2008. 

Consumer Sentiment:

A reading on consumer sentiment from Thomson Reuters and the University of Michigan came in at 84.5 in late May, up from 83.7 earlier in the month, and besting economists’ expectations that it would hold steady. The gauge is now at its highest level since July 2007.

Economy Expanding:

The Federal Reserve said (5 June 13) in its anecdotal Beige Book report that it sees hiring increasing at a ‘measured pace’ across its dozen districts, with some reporting slight increases in wage pressure. Overall, the central bank said the economy is continuing to expand at a ‘modest to moderate’ speed.

Index of U.S. Non-manufacturing Activity:

The Institute for Supply Management’s gauge of service-sector activity ticked up to 53.7 in May from 53.1 in April, besting estimates of 53.5, and suggesting the sector is still growing. Readings above 50 point to expansion, while those below point to contraction.

Job Layoffs:

Employers announced plans to lay off 36,398 workers in May, which represents a 4.5% decline from April, and a 41% drop from the year prior, according to outplacement firm Challenger, Gray & Christmas.

PMI Gauge:

The Institute for Supply Management-Chicago’s PMI gauge jumped to 58.7 in May from 49.0 the month before, whizzing by economists’ forecasts of 50. Readings above 50 point to expansion in the Midwest manufacturing sector, while those below indicate contraction.

Private Sector Jobs:

The ADP National Employment Report shows the U.S. private sector added 135,000 jobs in May.

Retail Sales:

The Commerce Department reports retail sales ticked up 0.6% in May from April, beating expectations of a 0.4% rise, while core sales, which excludes automobiles, gasoline and building materials, increased 0.3%.

Unemployment:

New claims for unemployment benefits fell to 340,000 for the week ending 17 May 13, from an upwardly-revised 363,000 the week prior. Claims were expected to fall to 345,000 from an initially-reported 360,000.

New claims for unemployment benefits fell to 346,000 for the week ending 31 May 13, from an upwardly-revised 357,000 the week prior.

The Labor Department reports nonfarm payrolls rose by 175,000 in May, beating Wall Street’s expectations by 5,000.

New claims for unemployment benefits fell by 12,000 to 334,000 for the week ending 7 June 2013. Claims were expected to fall to 345,000 from 346,000 the week prior.

U.S. Banking System

Moody’s Investors Service upped its outlook on the U.S. banking system to ‘stable’ from ‘negative.’ The ratings company’s outlook had been ‘negative’ since the financial crisis in 2008.

Stock Market was 8077.56 on 19 Jan 09 and 15,070.18 on 14 June 13.

So, let’s see, even though the 2012 GOTP presidential footnote claimed President Obama was defining what it meant to be “out of touch with reality” it appears it was he – Willard Mitt Romney – who defined it.

 
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Posted by on June 15, 2013 in Economics

 

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Private Sector is Doing Fine – 15 May 13 Edition

During the 2012 Presidential campaign President Obama said, “The private sector is doing fine,” which was immediately jumped on by his erstwhile opponent Republican Tea Party (GOTP) 2012 presidential footnote, Willard Mitt Romney, who replied, “I think he’s really defining what it means to be out of touch with reality.”

money_1
Now of course we know what happened in November, Romney had his political head handed to him on a plate, and the GOTP lost seats in both the House and the Senate, and conservatives still continue to claim the economy is failing. Some people either don’t get it, or won’t get it.

Clearly the economy is in recovery and the following indicators show the private sector is indeed “doing fine”, and all the info – by-the-way – comes from FOX Business:

First Quarter reported earnings: 3M reported $7.6 billion, Amazon reported $16.07 billion, AT&T reported $31.4 billion, Bank of America reported $23.7 billion, Boeing reported $18.9 billion, Caterpillar reported $13.21 billion, ExxonMobile reported $108.81 billion, Facebook reported $1.458 billion, Goldman Sachs reported $10.09 billion, Google reported $13.97 billion, Intel reported $12.6 billion, IBM posted $23.4 billion, Johnson & Johnson reported $17.5 billion, Morgan Stanley reported $8.5 billion, Netflix reported $1.02 billion, Pfizer revealed $13.5 billion, United technologies reported $14.4 billion, UPS reported $13.43 billion, Verizon reported $29.4 billion with Yahoo reported $1.07 billion.

In the second quarter the following earnings were reported by the private sector: Apple reported $43.6 billion and Walt Disney Co. reported $10.55 billion

Following are third quarter: Cisco posted $12.2 billion and Procter & Gamble posted $20.6 billion

Budget Deficit:

The U.S. federal budget surplus came in at $112.9 billion in April, up from $59 billion in the same month in 2012. The government is running a $488 billion deficit for fiscal 2013, down from $720 billion in a comparable period in fiscal 2012.

Consumer Confidence:

The Conference Board’s gauge of U.S. consumer confidence jumped to 68.1 in April from 61.9 in March, easily topping economists’ estimates of 60.8.

Consumer Sentiment:

A final reading on consumer sentiment for this month rose to 76.4 from an earlier reading of 72.3, according to a survey by Thomson Reuters and the University of Michigan. Sentiment was expected to make a smaller gain to 73.2.

Consumer spending:

Consumer spending inched up 0.2% in March from February, beating expectations for spending to hold steady for the month. Personal income increased 0.2% on the same basis, falling short of estimates of a 0.4% rise.

Economy Expanding:

The U.S. economy expanded at an annualized pace of 2.5% in the first quarter, up from 0.4% in the fourth quarter, according to a preliminary estimate from the Commerce Department. Economists expected the world’s biggest economy to grow at a pace of 3.0% in the first three months of 2013.

Home Prices:

Home prices in 20 major U.S. metropolitan areas climbed 0.3% in February from January on a non-seasonally adjusted basis, beating expectations of a gain of 0.2%, according to the S&P/Case-Shiller report. Prices rose 9.3% from the same month in 2012, also topping forecasts of a 9% advance.

Home Sales (new single-family homes):

Sales of new, U.S. single-family homes ticked up 1.5% in March from February to a 417,000-unit annualized rate, falling short of the 420,000-unit rate analysts were expecting.

Home Sales (Pending):

U.S. pending home sales increased 1.5% in March from February, slightly topping forecasts of a 1.0% increase, according to The National Association of Realtors. Contracts to purchase previously-owned U.S. homes are up 7.0% from the same month in 2012.

Housing Starts:

U.S. housing starts jumped 7% in March from February to an annualized 1.03 million-unit rate, easily beating expectations of 930,000. Permits dropped 3.9% for the month to an annualized rate of 902,000 units, falling short of forecasts of 940,000 units.

Inflation:

Inflation at the consumer level fell 0.2% in March from February, compared to expectations of no change. Excluding the food and energy components, prices were up 0.1%, a slightly shallower rise than the 0.2% increase economists forecast. The headline reading climbed 1.5% from the year prior in the smallest year-to-year increase since July 2012.

Nonfarm Payrolls:

The Labor Department reports nonfarm payrolls rose by 165,000 in April from March, beating expectations of 145,000. The unemployment rate ticked down to 7.5% from 7.6% for the month, the lowest level since December 2008. Economists expected the rate to hold steady. March’s nonfarm payroll increase was also revised up to 138,000 from a previously reported 88,000.

PMI Gauge:

The Institute for Supply Management Manufacturing PMI came in at 50.7 in April. Readings above 50 point to expansion while those below indicate contraction.

Private Sector Jobs:

The ADP National Employment Report shows the private sector added 119,000 jobs in April.

Retail Sales:

U.S. retail sales rose 0.1% in April from March, beating expectations for sales to fall 0.3%. Excluding the auto segment, sales were down 0.1%, matching expectations.

Trade Gap:

The U.S. trade gap slimmed to $38.8 billion in March from $43.6 billion in February, coming in considerably narrower than estimates of $42 billion. The measure figures into first-quarter gross domestic product.

Unemployment:

New claims for unemployment benefits fell to 339,000 during the week ending 19 Apr 13 – from an upwardly revised 355,000 the week prior. Claims were expected to fall to 351,000 from an initially reported 352,000.

New claims for unemployment benefits fell to 324,000 for the week ending 26 Apr 13 from an upwardly revised 342,000 the week prior. Claims were expected to fall to 345,000 from an initially reported 339,000.

The Labor Department reports new claims for unemployment benefits fell to 323,000 last week ending 3 May 13 from an upwardly-revised 327,000 the week prior. Claims were expected to rise to 335,000 from an initially-reported 324,000.

Stock Market was 8077.56 on 19 Jan 09 and 15,275.69 on 15 May 13.

So, let’s see, even though the 2012 GOTP presidential footnote claimed President Obama was defining what it meant to be “out of touch with reality” it appears it was he – Willard Mitt Romney, and the entire corps of conservative talking heads – who have defined it.

 
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Posted by on May 15, 2013 in Economics

 

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