Know The Difference Minute

According to Edmunds, the average price for a used Tesla is down 17%.

Tens of thousands of flights were cancelled including Delta, American, JetBlue and Alaska, but Southwest had it the worst and is still cancelling flights.

We are in the middle of 4 of the top 10 busiest shopping days of the year.

DirectTV spends $1.5 billion yearly for Sunday Ticket rights. But with a subscriber drop to 1.5 million, it’s not making financial sense for co-owner AT&T.

The Biden administration’s goal is 50% adoption by 2030. Now, the median expectation from the industry is only 35%, down from 65% last year.

Retail sales figures for November are in—and they’re not great. Down .6%, double the estimate.

Dot plots, or the Fed’s best guess, show policymakers expect to end interest rate hikes in 2023 peaking at 5.1%--higher than previously indicated.

Still in the 7’s—but down from the 7.9% spring peak.

"Organized retail theft is spreading faster than COVID."

CEO confidence is the lowest since the Great Recession of 08-09.

Almost 75% of taxpayers received refunds last year. Things will be different for 2022. Expect smaller refunds.

As the Federal Reserve battles inflation, employment is on the front line.

197 million shopped HARD over the long Thanksgiving weekend.

When there is a regulatory gap, institutions like FTX will flourish until they don’t.

Worst case, we could see disruption in rail traffic as early as December 9th.

Consumer spending has been healthy but RetailMeNot’s survey says roughly half of shoppers plan on scaling back.

Organized retail crime has reduced Target's gross profit margin by $400 million so far this year.

FTX lawyers say there could be over a million creditors.

Today’s 7-7 is a headline number. Core CPI is more useful.

At stake is billions of dollars in infrastructure spending. Congress will influence how much money flows and how quickly it can be spent.

Balances hit a record $866 billion in the 3rd quarter of 2022. The average is nearly $5,500.

Today’s unemployment numbers say one thing—but reports of growing layoffs are another.

Now at the highest level since January 2008, the short-term borrowing rate is in a target range of 3.75 to 4%.

The JOLTs report showed job openings increasing by 400,000 in September. There are now 10.7 million job openings.

Without exports, GDP would have been flat.

This past Spring, GM had 90,000 vehicles parked waiting for completion.

Last year, demand was high so retailers didn’t feel pressure to offer discounts. It’s different this year. Stores have excess inventory

1987's drop of 508 points was equal to 7,000 today.

Remember when the biggest issue for homebuilders was finding land to build on and the labor to do it?

The rally kicked in, finishing with a 1370 point swing to the positive.

Sales are flat. 58% of products sold are under $20.

57% of members in the 3rd largest freight union voted to oppose the agreement. Without a ratified deal, the strike threat is back.

Ford raising the entry-level price of the electric F150 Lightning by $5000 for the 2023 model year

Patrick DeHaan of GasBuddy.com estimates prices rising between 15 and 30 cents more per gallon

91% predict a recession in the next year. Only 34% think it’ll be mild and short.

When it comes to the biggest external risk to their businesses, CFOs say softening consumer demand is at the top.

Bloomberg is reporting demand for the 14 isn’t as high as expected.

As of today, it trades as a complete spin-off under the ticker LVWR.

That’s a big number and the most watched program of the night.

75 basis points for the 3rd straight time in a battle to bring inflation under control.

Flipping houses was hot for a long time, but it might be coming in for a hard landing.

The company has given 3,000 dealers an ultimatum: If they want to sell EVs, they’ll need to invest their own money.

If it happens, it could cost the US economy $2 billion a day.

After July’s reading, there was hope for a soft landing without much economic distress.

If electric vehicles are to reach mass-adoption they need to be affordable enough and have a range that makes sense.

New Gallup research says at least half of American workers are quiet quitting.

The airline industry is celebrating Labor Day passenger traffic that was higher than before the pandemic.

Xcel Energy customers noticed their smart thermostats had been at a higher temperature than they’d set.

After several years of home sellers being in driver’s seat, the balance of power might be shifting.

There are still nearly 2 jobs for every unemployed American.