LOW-VOLUME TODAY. IT IS CHRISTMAS, SO POTENTIALLY INDIVIDUALS NOT PAYING ATTENTION TO THEIR SCREEN. JOINING US NOW TO DISCUSS MORE, STEPHANIE ROTH AND MICHAEL BALL.THANK YOU FOR JOINING US IN STUDIO. MERRY CHRISTMAS TO BOTH OF YOU. LET'S GET YOUR REACTION FROM THE CLAIMS NUMBER.STEPHANIE: THE DATA LOOKS SOLID. IT IS TELLING US THE LABOR MARKET IS FAIRLY WELL CONTAINED. LAYOFFS ARE MINIMAL.THERE WAS A BOUNCE BACK IN CONTINUING CLAIMS. IT WAS VOLATILITY AROUND THE THANKSGIVING HOLIDAY. CONTINUING CLAIMS IS ST ...

Economic Data Overview - The week ahead includes the release of key economic reports, notably the initial estimate of third-quarter GDP, which was delayed due to a government shutdown [3][4] - The Bureau of Economic Analysis will only provide two GDP reports for Q3 instead of the usual three, with the final report scheduled for January 22 [4] Market Schedule - Stock markets will close early at 1 p.m. EST on December 24 and remain closed on December 25 for the Christmas holiday [7][10] - Bond markets will close at 2 p.m. EST on December 24 [10] Key Reports to Watch - Reports scheduled for release include durable goods orders for October, industrial production, and capacity utilization data for October and November, along with the December consumer confidence survey [5][10] - Weekly jobless claims data will also be highlighted following an increase in unemployment reported for November [6][10]

Market Overview - The market has experienced volatility, likened to the "Three Stooges," with tech stocks fluctuating significantly due to AI developments and inflation data [2][3] - The Consumer Price Index (CPI) indicated positive inflation trends, but concerns about data accuracy arose due to the government shutdown [3] - Unemployment rose to 4.6%, but this figure may be overstated, suggesting a more favorable employment situation [3] Job Market Insights - Jobless claims have shown a slight dip, providing a reliable indicator amidst other fluctuating data [4] - The overall market sentiment suggests a flat trajectory for December, with alternating good and bad news days expected [5] IPO Market Developments - Medline's IPO was the largest of the year, raising over $6 billion and marking the biggest IPO since Rivian in 2021, with a stock price increase of 40% [6] - Anticipation surrounds SpaceX's potential IPO, with speculation about a valuation of $1.5 trillion, although no timeline has been established [7][8] Cannabis Industry Updates - The signing of an executive order by President Trump reclassifies marijuana from a Schedule I to a Schedule III drug, allowing companies to deduct business expenses, potentially boosting cash flows by up to $150 million [11][12][13] - Despite initial stock price increases, marijuana stocks experienced a decline following the executive order, indicating a "buy the rumor, sell the news" scenario [11][14] - Many cannabis companies are involved in both farming and distribution, which may impact their operational strategies moving forward [15]

Neils ChristensenNeils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada. He has worked exclusively within the financial sector since 2007, when he started with the Canadian Economic Press. Neils can be contacted at: 1 866 925 4826 ext. 1526 nchristensen at kitco.com @Neils_cShareDisclaimer: The views expressed ...

Group 1: Economic Indicators - The Consumer Price Index (CPI) for November showed a headline increase of +0.2%, significantly below the expected +0.3% [1] - Year-over-year headline CPI, known as the Inflation Rate, came in at +2.7%, lower than the consensus expectation of +3.1% [1] - Core CPI year-over-year decreased to +2.6%, also surprising against expectations of +3.0% [1] Group 2: Energy and Food Prices - Energy prices rose by +1.1% over the two-month period, indicating potential for lower figures in the next CPI report [2] - Food prices increased by +0.1% and Shelter prices by +0.2%, suggesting inflation may be easing [2] - Prices for lodging away from home, recreation, and apparel decreased during this period [2] Group 3: Jobless Claims - Initial Jobless Claims for the previous week were reported at +224K, down from a revised +237K the prior week [3] - The 4-week average of Jobless Claims is now +217K, indicating a stable labor market [3] - Continuing Claims rose to 1.897 million from a revised 1.830 million, marking a significant decrease in long-term jobless claims [4] Group 4: Market Reactions - Pre-market futures for major indexes increased significantly following the CPI and jobless claims reports, with the Dow rising from +100 to +215 points [6] - The S&P 500 moved from +41 to +53, and the Nasdaq increased from +280 to +344 points after the news [6] - Bond yields moderated to +4.12% on the 10-year and +3.46% on the 2-year, reflecting positive market sentiment [6]

Well, better late than never is a good way to put it, Lisa, because the news is pretty good on a two month basis. Remember, we didn't get October CPI and we're not going to get much out of that 2.7% for the year over year move in CPI. That is down from 3% in September.The last release we got the core CPI on a year over year basis falls from 3% to 2.6%. So good news on inflation. Meanwhile, good news on the job front with initial jobless claims falling to 224,000 from 237,000 revised the week prior.On a cont ...

For the week ending December 6, U.S. initial jobless claims were 236k, above the expected 220k, with the prior week's revised to 192k. The September trade deficit was $52.8 billion, better than the expected $63.3 billion, and revised from $59.6 billion to $59.3 billion. The trade deficit narrowed to the smallest since June 2020. ...

Core Insights - The article discusses the recent trends in jobless claims in the U.S., indicating a significant impact on the economy and the dollar's performance [1][2]. Group 1: Jobless Claims - Jobless claims in the U.S. have shown fluctuations, reflecting the current labor market conditions and economic health [1][2]. - The data suggests that there has been an increase in jobless claims, which may signal potential economic challenges ahead [1][2]. Group 2: Economic Implications - The rise in jobless claims could lead to a stronger dollar as investors seek safe-haven assets during uncertain economic times [1][2]. - The article emphasizes the importance of monitoring jobless claims as an indicator of broader economic trends and potential investment opportunities [1][2].

Jobless Claims Data - Initial Jobless Claims reported at 191K and Continuing Claims at 1.939 million, significantly lower than recent trends, indicating potential inaccuracies in data or a resilient labor market [1][2] - Current job losses in the private sector reported by ADP and anticipated layoffs from major corporations contrast with low jobless claims, suggesting that the labor market may be experiencing structural changes [2][3] - The latest Initial Claims figures are the lowest since late September 2022, with Continuing Claims remaining below the psychologically significant 2 million mark since Memorial Day [3] Earnings Reports - Dollar General (DG) exceeded earnings expectations by 39%, reporting $1.28 per share against a consensus of 92 cents, with revenues of $10.65 billion, leading to a pre-market share increase of over 5% [5] - Kroger (KR) reported earnings of $1.05 per share, slightly above estimates, but revenues of $33.86 billion fell short of expectations, resulting in a pre-market share decline of 2.8% [6] - Bank of Montreal (BMO) reported earnings of $2.36 per share, surpassing estimates by 9.26%, with revenues of $6.73 billion exceeding projections by 5.24%, leading to flat share performance [7] - Build-a-Bear Workshops (BBW) showed mixed results with a bottom-line beat of 12.7% at 62 cents per share, but a sales miss of 1.28% at $122.68 million, causing a pre-market share drop of 6.6% [8]

Core Points - The article discusses the recent trends in jobless claims in the U.S., indicating a significant impact on the labor market and economic outlook [1][2]. Group 1: Jobless Claims - Jobless claims in the U.S. have shown fluctuations, reflecting ongoing challenges in the labor market [1][2]. - The latest data indicates a rise in jobless claims, suggesting potential economic instability [1][2]. Group 2: Economic Implications - The increase in jobless claims may lead to concerns regarding consumer spending and overall economic growth [1][2]. - Analysts are closely monitoring these trends as they could influence Federal Reserve policy decisions [1][2].