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Had a good Thursday? If so, you probably weren't on the floor of the New York Stock Exchange today. First, retailers reported soft sales on this August 5th. They're blaming oil prices. On top of this, add the uncertainty of a monthly jobs report due out tomorrow... and you have a recipe for bear food. No, it's not a bear market, it's just acting like one.
Another $417 Billion for defense. That's what President Bush approved today at a signing ceremony in Washington. The budget provides an additional $25 billion for operations in Iraq and Afghanistan - including body armor for troops, reinforced Humvees. And there's another expense...
With the Federal Reserve raising interest raises, you've heard about mortgage rates skyrocketing? Not here you haven't. In fact, they appear to be moving the opposite direction -falling a shade below 6 percent this week for a 30 year fixed. That's a national average reported today by mortgage finance company Freddie Mac.
He's not the Viscount of Burgers, he's not Burger Duke. He's Burger King. If that paper crown doesn't command your respect, try this. July sales rose a whopping 12.9 percent, the sixth straight month of growth for the B-K empire. That's a bit surprising given the crusade against obesity and fast-food nutrition in general...
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DOW 163.48 (1.61%) ;
X-Ray Eyes - Guster
