U.S. home prices rise more than expected in March
U.S. home prices rise more than expected in March
U.S. consumer spending increase strongest in over six years
http://www.reuters.com/article/us-usa-economy-idUSKCN0YM1HC
They will not need to pay anyone a $15 minimum wage!
SOURCE: http://www.foxbusiness.com/features/2016/05/31/cke-restaurants-ceo-automation-is-coming.html
The Closing Look
Stocks were closed on Monday for Memorial Day. Stocks ended mixed on Tuesday as investors digested a slew of economic data. Tuesday was also the last trading day of the month and stocks rallied for the month of May. On the economic front, personal income and outlays rose 0.4% which matched consensus. The S&P Case-Shiller…
3% Mortgages…that worked well the last time!
Did you know that now Wells Fargo is launching a 3% down payment mortgage to moderate and low-income buyers? What’s that line about repeating mistakes? Remember when Bernanke and friends thought housing prices never go down so how can anyone get in trouble? Well, they found out when you don’t have to put any money…
San Francisco Regulators Going Nuts!
Did you know that San Francisco is becoming the first US city to require health warnings on ads for soda and other sugar-added drinks? What about Snickers bars, Hershey bars, every dessert at The Cheesecake Factory, Yodels, Hostess Twinklies, Red Vines, all non sugar-free gum, Twix, Reeses Peanut Butter Cups, Haagen Daas, the buffett at…
The Morning Look
Market Update: Stock futures are quiet ahead of Tuesday’s open. Stocks in the U.S. were closed on Monday for Memorial Day. Today is the last trading day of the month and investors then have the always fun jobs report coming out on Friday. Gary’s Thoughts: QUIET IS A GOOD THING AFTER A MOVE UP LAST WEEK….
And you want a $15 minimum wage!
SOURCE: http://www.breitbart.com/california/2016/05/29/whole-foods-launches-365-concept-kiosks-replace-workers/
Show Us the Money, China
http://www.bloomberg.com/gadfly/articles/2016-05-30/show-us-the-money-why-china-s-overseas-deals-aren-t-completing