Confidence Wavers As May Index Drops From April
The Conference Board says May consumer confidence likely fell after April slipping for the third straight month amid high prices and rate worries. The index for short term expectations slid to 66.4 from 74, signaling caution about income, business and jobs. Dick's Sporting Goods reports results before the bell, with Q1 expected at 2.99 per share on 2.94 billion in sales. The company has surged 86 percent since last fall. Also noted: natural gas down over 5 percent while crude oil and wholesale gas rose. heating oil flat. gold and silver near previous levels.
MENTIONED IN THIS ARTICLE
Conference Board
Dick’s Sporting Goods
Dick’s
U.S
Quotable economist on income data and consumer struggle
Brian Jacobsen chief economist at Annex Wealth Management says lower income consumers face struggles while macro data fixates on the average skewed by high end households. He argues headline data hides the hardship faced by most shoppers and workers.
MENTIONED IN THIS ARTICLE
Macro
Brian Jacobsen
Annex Wealth Management
Inflation update hints at stable 2.7 percent inflation
The Commerce Department will release April data on U S consumer spending and inflation. Analysts expect year over year inflation to remain at 2.7 percent from March to April. The report guides Federal Reserve policy after rates near 22 year highs to curb four decade high inflation.
MENTIONED IN THIS ARTICLE
Commerce Department
U.S
Federal Reserve
U S stocks rebound after worst day in months
U S stock markets recovered from a sharp drop as the S P 500 rose 0 7 percent to trim weekly losses. The Dow barely moved while the Nasdaq surged 1 1 percent to a new all time high led by Nvidia after its strong profit results this week.
MENTIONED IN THIS ARTICLE
U.S
Wall Street
Nvidia
Trust Women Wichita clinic faces leadership questions after pause
The Wichita Trust Women clinic founded after Dr. George Tiller's 2009 murder grapples with leadership concerns as it briefly pauses abortion services. Former Tiller staffer Julie Burkhart calls the situation heartbreaking while Kansans for Life criticizes the move. Officials note demand remains high with 3,000 to 4,000 daily calls and limited appointment capacity as they plan a careful expansion.
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Danielle Underwood
Kansans
Planned Parenthood
Great Plains
Trust Women
Oklahoma
Kansas News Service
Garcia
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