Nielsen: 28.4 Million Debate Viewers on 4 Major Networks
Full data coming later today, but so far the tally is that the Biden-Ryan contest attracted an audience of 28.4 million viewers on the four major broadcast networks. Bloomberg’s Andy Fixmer reports that CBS drew 8.37 million viewers, to lead broadcasters showing last night’s...
Read more »U.S. Growth: An October Surprise Welch Missed
Here’s an October surprise for former General Electric Co. Chief Executive Officer Jack Welch: “On a scale of one to 10, the economy is at a fairly firm six and may be heading higher,” says Robert Brusca, president of Fact...
Read more »Back to School: Dressing for Nov. 6
Are you better off than you were four years ago? How about nine years ago? The numbers on back-to-school shopping show a bigger increase in spending by U.S. consumers than at any time since 2003. The numbers also conceal what...
Read more »Banks Hoarding Treasuries Signals Economy Still Iffy
If you need another negative indicator today, the market has one. Banks are hoarding their Treasuries, selling fewer and fewer to the Fed because executives say the economic picture in the U.S. is still murky and financial troubles around the...
Read more »Where’s the $2.3 Billion in Beef, Chicken and Fish? On the Grille
In the barbecue economy, life is good. More Americans grill out on today’s Independence Day holiday than any other day of the year, and this time beef and supply companies are getting a three-fer because it’s a Wednesday. “It’s a...
Read more »Lowe’s, Home Depot: Leading Indicators of Weakened Confidence
Consumer confidence may be even softer than we think. Analysts at Cleveland Research said today that Lowe’s and Home Depot stores are probably “a bit behind expectations to this point” in the second quarter. They’re seeing softer order rates and...
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Photograph by Bill Clark/Roll Call/Getty Images
A White Castle staff delivers to the Capitol celebrating the company's 90th birthday.
Supreme Court Leaves Questions – White Castle, Others Unconvinced
CEOs still see risks in President Barack Obama’s health-care law, even after last week’s Supreme Court ruling. After complaining about the uncertainty of having the rules up for grab during the case, the decision doesn’t seem to have settled the...
Read more »Bullard Says QE3 Faces `High Hurdle’ After Fed Extends Twist
By Caroline Fairchild and Caroline Salas Gage The Fed faces a ”pretty high hurdle” for embarking on a possible third round of quantitative easing, Federal Reserve Bank of St. Louis President James Bullard said today. “We can do that and...
Read more »Data Mine: Beer Cans a Sign of the (Bad Economic) Times
For a nice cold brew to go with their nice cold economy, more Americans are switching to cans. Bloomberg’s Ilan Kolet’s chart of the day shows a correlation between a choppy economy and an increase in sales of beer in...
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Photograph by Joe Raedle/Getty Images
Florida Governor Rick Scott during the Governor's Hurricane Conference in Fort Lauderdale.
Florida’s Scott Gets an ‘A for Strangeness’
The former private-equity executive turned governor of Florida is having some trouble, and it may be hurting Mitt Romney. The approval rating of Florida’s Republican governor Rick Scott hasn’t gone above 41 percent in Quinnipiac University polls, and Bloomberg’s Michael...
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