China dumps more US Treasuries, as holdings hit 3.5 year low

China dumps more US Treasuries, as holdings hit 3.5 year low    South China Morning Post...(read more)

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Dow futures fall more than 200 points as fresh virus restrictions raise concerns about recovery - CNBC

Dow futures fall more than 200 points as fresh virus restrictions raise concerns about recovery    CNBC Dow Jones Rallies On Schumer Coronavirus Stimulus Comments    Investor's Business Daily Reduce Tesla And FAANG Exposure By Switching To Value Index Products    Seeking Alpha Stocks rise as Wall Street turns to tech for safety amid increasing Covid-19 cases    CNBC Dow Jones Futures: Coronavirus News Hits Stock Market Rally But Tesla Stock Breaks Out; Nvidia Earnings Strong    Investor's Business Daily......(read more)

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CAR on California October Housing: Sales up 20% YoY, Active Listings down 40%+ YoY

The CAR reported: California homebuying season extends into fall as home sales and prices remain elevated in October, C.A.R. reports Continued record low mortgage interest rates sustained California's housing market in October as home sales and prices took a breather from September's record high levels and still recorded double-digit increases from a year ago, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 484,510 units in October, according to information ......(read more)

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The pandemic pause in student loan payments may end soon. Here's how to prepare

The pause on student loan payments that started in March due to Covid-19 is set to end in December. Here's what borrowers should do to prepare....(read more)

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Third Republican comes out against Shelton for Fed seat, complicating nomination

Third Republican comes out against Shelton for Fed seat, complicating nomination<br/>https://ift.tt/3kFB0vcread more)

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More fiscal stimulus is needed even with vaccines, Bill Dudley says

Dudley said bridge money of $1 trillion to $2 trillion will be needed to get individuals and businesses to the other side....(read more)

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Election results, vaccine news could shake up the outlook for a coronavirus stimulus package. What you know about the aid that may be coming

Americans have waited for months for more coronavirus relief aid. Now changing political leadership and possible vaccines could influence lawmakers' actions....(read more)

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NY Fed: Manufacturing: Business activity "expanded slightly" in New York State in November

From the NY Fed: Empire State Manufacturing Survey Manufacturing activity in New York State expanded only to a small degree in November. After falling seven points last month, the general business conditions index fell four points to 6.3 this month, indicating that growth continued to slow. ... The index for number of employees rose two points to 9.4, its highest level in nearly a yea r, indicating a modest increase in employment levels. After rising sharply last month, the average workweek index fell eleven points to 4.8, its positive value signaling a small increase in hours worked.......(read more)

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Strong Gains for September Single-Family Permits

Over the first nine months of 2020, total single-family permits issued year-to-date (YTD) nationwide reached 713,286. On a year-over-year (YoY) basis, this is an 10.2% increase over the September 2019 level of 647,244. Year-to-date ending in September, single-family permits across the four regions ranged from an increase of 12.4% in the South to an increase of 6.2% in the Northeast.... Read More › The post Strong Gains for September Single-Family Permits first appeared on Eye On Housing ....(read more)

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Controversial Fed Nominee Set To Prevail In Senate Confirmation Vote This Week

After languishing for more than a year, Judy Shelton's controversial nomination to the Federal Reserve's board of governors appears poised for Senate confirmation in the final weeks of the Trump administration....(read more)

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Dr. Scott Gottlieb on Moderna Covid vaccine data: 'We could effectively end this pandemic in 2021'

"If these full data sets hold, when the full data comes out, we may have two highly effective vaccines against Covid," Dr. Scott Gottlieb told CNBC on Monday....(read more)

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Coronavirus live updates: U.S. cases cross 11 million; Moderna says its vaccine is more than 94% effective

The coronavirus has infected more than 54.48 million people globally as of Monday, killing at least 1.31 million people so far....(read more)

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DOT: Vehicle Miles Driven decreased 9.7% year-over-year in September

The Department of Transportation (DOT) reported : Travel on all roads and streets changed by -8.6% (-23.4 billion vehicle miles) for September 2020 as compared with September 2019. Travel for the month is estimated to be 248.3 billion vehicle miles. The seasonally adjusted vehicle miles traveled for September 2020 is 247.2 billion miles, a -9.7% (-26.7 billion vehicle miles) decline from September 2019 . It also represents 2.8% increase (6.7 billion vehicle miles) compared with August 2020. Cumulative Travel for 2020 changed by -14.5% (-355.5 billion vehicle miles). The cumulative estimate......(read more)

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Majority of workers are looking for new jobs during Covid-19 pandemic. Here's why

As Covid-19 cases continue rising, a new study finds that a majority of workers are looking for new job opportunities amid the pandemic....(read more)

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U.S. Housing Market Takes a Breather But Stays Hot

Between the presidential election and a new wave of coronavirus cases, buyers and sellers had reasons to pause, report finds. The post U.S. Housing Market Takes a Breather But Stays Hot appeared first on Real Estate News & Insights | realtor.com® ....(read more)

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A comment on Q4 GDP

Most economists are revisiting their Q4 forecasts. In their previous forecasts, many assumed some additional disaster relief in Q4, and many underestimated the current surge in COVID. Goldman Sachs economists noted this morning: European and US economies are likely to slow significantly in Q4/Q1 as colder weather puts upward pressure on case growth, in turn triggering restrictions, but reaccelerate sharply in Q2/Q3 following warmer weather, the end of European lockdowns, and mass vaccination. One well known private forecaster (with a great track record) in now forecasting negative GDP in Q4.......(read more)

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Unemployment claims are falling. But that's not necessarily because people found work

Continuing claims, a proxy for the number of people getting unemployment benefits, have been falling. It's not all due to people returning to work, however....(read more)

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Crucial Moderna Covid vaccine data is coming in days — here's what to look out for

Crucial Moderna Covid vaccine data is coming in days - here's what to look out for ...(read more)

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Hotels: Occupancy Rate Declined 35.9% Year-over-year

From HotelNewsNow.com: STR: US hotel results for week ending 7 November U.S. weekly hotel occupancy was relatively flat from the previous week, according to the latest data from STR through 7 November. 1-7 November 2020 (percentage change from comparable week in 2019): • Occupancy: 44.2% (-35.9%) • Average daily rate (ADR): US$91.40 (-31.1%) • Revenue per available room (RevPAR): US$40.36 (-55.8%) Down slightly from 44.4% the prior week, the country's occupancy level was its lowest since the week of June 14-20. emphasis added Since there is a seasonal pattern to the occupancy rate - see graph ......(read more)

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Rental Prices Are Rising for These Big-City Apartments, but Falling for These Others

The narrative says COVID-19 has led renters to flee their claustrophobic apartments in the big cities, leading to big rent drops. That's only partly true. The post Rental Prices Are Rising for These Big-City Apartments, but Falling for These Others appeared first on Real Estate News & Insights | realtor.com® ....(read more)

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