April 27th 2012 CNBC Stock Market Squawk Box (Q1 GDP)
- Length: 8:8
- Views: 1
- Author: brianhockey22
4/27/2012 - CNBC Stock Market Squawk Box (Q1 GDP). GDP growth slowed in the first quarter with a drop in government spending being the big negative. The positive was a moderate acceleration in consumer spending. GDP growth eased to 2.2 percent from 3.0 percent in the fourth quarter. The advance estimate came in lower than market expectations for a 2.5 percent gain. However, the component mix showed modest improvement in demand. Final sales of domestic product increased an annualized 1.6 percent in the first quarter after a 1.1 percent rise in the fourth. Final sales to domestic purchasers (excludes net exports) advanced 1.6 percent, following a 1.3 percent gain in the fourth quarter. Strength in the first quarter as mentioned above was largely in PCEs which rose 2.9 percent, following a 2.1 percent rise in the prior quarter. Inventory investment added to growth as did residential investment. Business investment in equipment was positive but less so than in the fourth quarter. Net exports were marginally positive but essentially neutral. On the downside, government purchases fell an annualized 3.0 percent, following a 4.2 percent decline in the fourth quarter. Business investment in structures was notably negative. On a year-ago basis, GDP was up 2.1 percent, compared to 1.6 percent in the fourth quarter. Economy-wide inflation according to the GDP price index picked up to 1.5 percent annualized from 0.9 percent in the fourth quarter. Analysts had called for a 2.1 percent ...
April 24th 2012 CNBC Stock Market Closing Bell (Apple AAPL Earnings)
- Length: 15:27
- Views: 2
- Author: brianhockey22
4/24/2012 - CNBC Stock Market Closing Bell (Apple AAPL Earnings) Apple (AAPL) blows away on both the top and bottom line on it's earnings report.
May 4th 2012 CNBC Stock Market Squawk Box (April Jobs Report)
- Length: 12:31
- Views: 3
- Author: brianhockey22
5/4/2012 - CNBC Stock Market Squawk Box (April Jobs Report). April jobs were softer than expected but there were upward revisions and the unemployment rate dipped to 8.1 percent from 8.2 percent in March. Seasonality issues apparently are still at play. Payroll jobs in April increased only 115000, following increases of 154000 in March (originally 120000) and 259000 in February (prior estimate up 240000). The net revisions for February and March were up 53000. Analysts expected a 165000 increase for April. Private payrolls rose 130000 in April after a 166000 increase the prior month. The consensus forecast was for a 178000 advance. Goods-producing industry employment rose 14000 after a 38000 boost in March. For the latest month, manufacturing increased 16000; construction dipped 2000; and mining edged up 1000. Private service-providing industry employment rose 116000, following a 128000 gain in March. The notable positive was a 62000 increase in professional & business services. Retail trade rose 29000 while health care gained 19000 and leisure & hospitality increased 12000. The public sector continued to downsize with a 15000 drop in government employment, led by a 10700 decline in local government education. Average hourly earnings were flat, following a 0.2 percent gain in March. Analysts expected a 0.2 percent gain. The average workweek for all workers in April was steady at 34.5 hours. Expectations were for 34.5 hours for April. From the household survey the dip in ...
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