Posts Tagged ‘sales’

Pending Home Sales Plummet 35% YoY – Biggest Drop Ever As Buyers Forfeit Deposits

Existing home sales collapsed but new home sales rebounded in April, which leaves pending home sales to break the tie and analysts expected a 17.3% MoM drop. However, pending home sales disappointed notably with a 21.8% MoM collapse, sending YoY sales crashing 34.6% – the most ever… Source: Bloomberg “The housing market is temporarily grappling […]

US New Home Sales Unexpectedly Rebound In April

Following the collapse in existing home sales in April, new home sales were also expected to plummet 23.4% MoM but through the magic of seasonal adjustments, new home sales rose 0.6% MoM (following an upwardly revised 13.7% drop in March). Source: Bloomberg This is a 5-sigma beat… Source: Bloomberg Year over year, new home sales […]

US Retail Sales Plunged A Record 16% In April

US Retail Sales Plunged A Record 16% In April Above photo: Tony Dejak, AP. Baltimore, MD – U.S. retail sales tumbled by a record 16.4% from March to April as business shutdowns caused by the coronavirus kept shoppers away, threatened the viability of stores across the country and further weighed down a sinking economy. The […]

Ignore Dismal Retail Sales Report: Latest Daily Spending Data Shows 2020 Is Now Higher Than 2019

One month ago, when looking at the March retail sales report – which only captured the last two weeks of the US shutdown- and comparing it to the Bank of America real-time credit and debit card spending data, we concluded that “Retail Sales Were Bad; The Reality Is Catastrophic.” Fast forwarding to today, when this […]

FBI serves warrant on senator in investigation of stock sales linked to coronavirus

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Jam petchem plant breaks output, sales record

SHANA — The director of Jam Petrochemical Company said: “Fortunately, this complex was able to achieve a new record in production and sales last [calendar] year by supplying more than 2.5 million tons of various items.” According to the company, Nader Kazemian added: “This year, we will be trying to improve last year’s performance, although […]

Moscow: Weapon Sales to Iran to Begin in October, Pompeo is Powerless to Stop It

The UN embargo on conventional weapons sales to Iran, which expires in October 2020, can’t be extended despite US efforts to prevent its expiration, the Russian Deputy Foreign Minister has stated. “For us, the case of the existing ban on arms deliveries to and from Iran was closed with the adoption of Resolution 2231. The […]

DOJ sends three US marshals to G2 Church to halt sales of chlorine dioxide

(Natural News) For the “crime” of selling chlorine dioxide and other concoctions that some say are beneficial in ridding the body of disease-causing pathogens, Genesis 2 Church in Florida was recently targeted by three United States marshals who ordered that the organization stop selling its products immediately. Video footage of the incident […]

Ford Wants A Repeat Of "Cash For Clunkers" As New Car Sales Tank

Authored by Rob Stumpf, via The Drive, The coronavirus pandemic has left no part of the global economy untouched. People are staying indoors, businesses are shuttering left and right, unemployment is skyrocketing and virtually nobody is buying cars. Now, as we edge toward a downturn worse than the 2008 financial crisis, Ford is nudging the […]

US Box Office Sales Collapse To Just $5,179; Was $204 Million During Same Period Last Year

As millions of Americans spend quality time with their families to avoid the global pandemic, box office sales across the US have predictably cratered – falling to just $5,179 from March 20 through March 26 as movie theaters across the country remain shuttered. During the same week in 2019, ticket sales […]

Walgreens Plunges After Warning On Slowing Sales, Foot Traffic, Sees "Less Discretionary Spending"

Up until now vendors of “essential” products such as grocery stores and pharmacies were seen as the sole silver lining in a decimated retail sector, where businesses from restaurants, to lodging, to bars, to cinemas had all effectively shut down is part of the ongoing coronavirus lockdown. However, that changed this morning when Walgreen reported […]

“There Are Basically No Sales”: U.S. Auto Industry Enters Total Collapse From Nationwide Lockdown

By Tyler Durden 2020 is shaping up to be nothing short of a complete and total meltdown for the U.S. auto industry. The industry was already barely holding on by a thread before the coronavirus pandemic started, with China leading the rest of the globe’s auto industries into recession over the last 18 months. Now, in a […]

COVID-19 Data Study: Ammunition Sales Continue to Soar in Response to Coronavirus Panic

By Molly Carter Updated March 17, 2020: As the novel coronavirus (COVID-19) spreads across the United States, its impact can be seen in every community. Businesses and schools are closed, the market is volatile, and store shelves are empty as the American public scrambles to prepare for the worldwide pandemic and social distancing prescribed by […]

First toilet paper, now GUNS are flying off the shelves – firearm and ammo sales surging in many states

(Natural News) First, it was the toilet paper, and then the groceries started to disappear. More shortages are coming. Right now, personal protection items are flying off the shelves as firearm and ammo sales surge in many states. Online ammo retailer, Ammo.com, has seen a surge in ammo sales from February 23 […]

Illinois Mayor May Ban Guns, Firearms Sales Over Coronavirus Panic

An Illinois mayor has signed an executive order taking up wide-ranging emergency powers that she claims gives her the authority to halt the sale of all firearms and ammunition. The declaration is being framed as a response to the Chinese coronavirus. Champaign, Illinois Mayor Deborah Frank Feinen signed the declaration Friday morning. […]

New Shared Values Between US And India — Arms Sales

U.S. President Donald Trump got a warm welcome from Indian Prime Minister Narendra Modi to kick off a whirlwind 36-hour tour of the world’s largest democracy and announced the two countries were finalizing a $3 billion arms deal. “I believe the United States should be India’s premier defense partner,” said Trump, “and that’s the way […]

China’s economy continues to collapse as domestic car sales plunge a whopping 92% on spread of Wuhan coronavirus

(Natural News) Chinese President Xi Jinping finally made a public statement about the rapid, uncontrolled spread of the Wuhan coronavirus over the weekend, and it wasn’t optimistic. As reported by the South China Morning Post and republished by POLITICO, Xi made an “unprecedented” teleconference call that was open to every county government […]

With Half Of China Locked Up, Car Sales Plunge 92%

Authored by Mike Shedlock via MishTalk, Car sales in China for the first two weeks in February are down 92% from a year ago. When you are locked in your home for weeks, with no income, and people are dying in the streets, guess what happens to retail sales. Bloomberg reports China Car Sales Tumble 92% […]

White House Plans To Cut Off Sales Of American Chip Technology To China

Just hours after Beijing lifted more trade-war restrictions on importing US farm products due to the outbreak… Reuters: CHINA APPROVES IMPORTS OF ALL POULTRY, POULTRY PRODUCTS FROM U.S. – AGRICULTURE MINISTRY — Vincent Lee (@Rover829) February 17, 2020 ReuterS: BEIJING, Feb 17 (Reuters) – China has approved the import of all poultry and poultry products […]

Headline Retail Sales Steady In January, Control Group Disappointment Sparks GDP Growth Anxiety

After December’s massive surge in consumer revolving debt (i.e. credit card spending), one might have expected a retail spending ‘hangover’ of sorts in January but headline data came in up 0.3% MoM, as expected. Source: Bloomberg Core retail sales (es autos/gas) rose 0.4% MoM, slightly better than the 0.3% expected. December saw huge spikes in […]

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