By Carlos Delgado, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=21507919

The Dow Jones is down more than 400 points as of early Tuesday afternoon after shockingly disappointing data on retail sales were released.

As CNBC reports:


Shoppers in the U.S. cut back their purchases in July even more than expected as worries over the delta variant of Covid-19 dampened activity and government stimulus dried up.

Retail sales for the month fell 1.1%, worse than the Dow Jones estimate of a 0.3% decline and below the upwardly revised 0.7% increase in June.

Excluding automobiles, sales declined 0.4%, according to Commerce Department figures released Tuesday.

However, policymakers worry that unless Covid cases start to decline, the fall could see a slowdown in economic activity. Multiple Fed officials say that if the jobs numbers continue to improve over the next month or two, they will want to begin the tapering of monthly bond purchases before the end of the year.

It appears things are going from bad to worse for the Biden Administration this week.




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ElizabethSingh
ElizabethSingh
1 year ago

my neighbor’s aunt makes 62 every hour on the internet.. she has been without work for eight months but the previous month her revenue was 19022 only working on the laptop 5 hours a day.. check this …… 𝐒𝐌𝐀𝐑𝐓𝐏𝐀𝐘𝟏.𝐜𝐨𝐦

Bug D
Bug D
1 year ago
Reply to  ElizabethSingh

Kiss my ass and go away

Michael Bluemke
Michael Bluemke
1 year ago
Reply to  ElizabethSingh

FUCK OFF

Michael Bluemke
Michael Bluemke
1 year ago
Reply to  ElizabethSingh

F OFF. THIS ISN’T THE PLATFORM FOR JOBS

Max
Max
1 year ago

Hopefully Biden will have a heart attack and Harris killed in a car accident giving head..

David Baker
David Baker
1 year ago
Reply to  Max

LOL. She (Harris) enhanced her career prospects in a manner similar to your description. Numb Nuts will most likely be removed from office due to his declining mental faculties. He’s already got 1.62 feet in the grave, so he’ll kick the bucket once his rein has ended in disgrace.

john roy Clark
john roy Clark
1 year ago
Reply to  Max

I like you Max.

M D Anthony
M D Anthony
1 year ago
Reply to  Max

Or vice versa

Doren
Doren
1 year ago

Hmmmmmm, let me think! Can’t trust the media, can’t trust any of the politicians reports, we’ve been LIED to by Fraud, Fauci, POTUS, ahhhh hell, the list is too long for here, trust wall street prognosticators? Nawww. I’ll wairt this crap out to see what happens.

Pawn
Pawn
1 year ago
Reply to  Doren

agree with the lied part but if it is bad news then probably it will be worse…just sayin