Headlines Discussed at LNWM’s Monday Morning Briefing:
— U.S. unemployment fell to 6.3%, mostly due to 800,000 work-eligible Americans dropping out of the labor force; only 288,000 jobs were created.
— U.S. consumer spending surged in March, posting the strongest monthly gain in 4.5 years.
— Chinese manufacturing expanded slightly in April, with China’s Purchasing Managers’ Index reaching 50.4.
— Moscow revived the May Day celebration in Red Square; a first since the U.S.S.R fell in 1991.
— Seahawk’s quarterback Russell Wilson led sales of NFL-licensed products last season.
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