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.
Disclaimer: Clicking on any of the above links will take you away from the LNW web page and to the source page. While we believe the information in these articles is relevant, we cannot guarantee its accuracy or completeness.
