Headlines discussed at LNWM’s Monday morning briefing:
— On average, US weekly unemployment claims fell to 377,750 in past month — a 17-month low; healthy job market: 200,000-250,000 in weekly jobless claims.
— US retail sales fell 1% in July, as consumers spent less on food and goods and more on services (restaurants, travel); government stimulus also subsided.
— US housing starts dropped 7% in July; 690,000 new houses are now being built across the US, largest amount since 2007.
— The head of the SEC asked staff to consider a “human capital” disclosure requirement, focused on how well companies treat their workers.
— China passed a major data protection law restricting how its tech companies can gather and apply user information.
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