Aug 18, 9:45 PM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Adam Levine-Weinberg 08/18/19 AT 9:35 PM The safety crisis surrounding the 737 MAX this year has put a damper on order activity for the latest version of Boeing's (NYSE:BA) workhorse single-aisle jet. More surprisingly, Airbus (OTC:EADSY) has also reported fairly weak order activity for its competing A320neo aircraft family during 2019.Those trends continued last month. Nevertheless, July could be considered a successful month for both aircraft manufacturers, as they saw solid order activity for their wide-body jets, which carry higher price tags and tend to have thinner order backlogs.Another month of muted narrow-body ordersIn the first half of 2019, Boeing reported negative 180 net orders for its 737-family jets. The aerospace giant did book several dozen new orders during that period, but the collapse of India's Jet Airways … [Read more...] about Wide-Body Jet Orders Jump At Airbus And Boeing In July
Economic conditions and trends
New data show economic anxiety among white Americans has evaporated in the age of Donald Trump, falling to levels last seen during the George W. Bush administration. White pessimism defined the 2016 presidential campaign. Between 2006 and 2016, non-Hispanic whites had worried about falling standards of living at much higher rates than their black and Hispanic compatriots. The role of economic anxiety among working-class whites was widely debated in the wake of Trump's election in 2016. Use of the phrase "economic anxiety" in American news coverage peaked in November of that year, according to the News on the Web database. - Washington Post Graphic As white economic anxiety has eased, African Americans are registering their highest levels of economic anxiety since at least 2000. The measure has also been rising among the Hispanic population. The data comes from an analysis of the long-running General Social Survey by Jed Kolko, chief economist at the job-search site Indeed.These … [Read more...] about White economic anxiety evaporated after the 2016 election. Now black economic anxiety is on the rise.
The RBA sees Australian economic growth returning to trend levels in the years ahead, meaning progress in lowering unemployment and boosting inflation may stall. It has nominated seven risks to that view: six to the downside and just one to the upside. The bank did not nominate additional fiscal stimulus from the federal government as an upside risk. Financial markets are fully priced for a 25 basis point rate cut to be delivered by the end of the year. The RBA now sees weaker economic growth, sluggish wage growth and slower progress in lifting inflation and lowering unemployment in the years ahead than it did just three months ago, helping to explain why it now has adopted a clear neutral bias on the outlook for Australia’s cash rate. The next move could now be in either direction, according to the bank, a view in stark contrast to late last year when it saw the next move as likely to be higher. While it sees no need to adjust the cash rate in the near-term, financial … [Read more...] about The RBA sees 7 risks to its economic forecasts, and 6 are to the downside
By Jonathan Lansner | [email protected] | Orange County RegisterPUBLISHED: December 31, 2018 at 7:17 am | UPDATED: December 31, 2018 at 7:18 am “Bubble Watch” digs into trends that may indicate economic and/or housing market troubles ahead. Buzz As 2018 ends, let’s recap all those economic trends that forced us, at least momentarily, to ask “another bubble?” a decade after the Great Recession. Dissection Listed in order of increasing risk, here are 10 reasons to worry that one of the longest economic upswings in history may draw to a close with an ugly ending. 10. Modest wage growth Local bosses raised salaries in 2018 as the job market tightened. Still, those fatter paychecks are by no means universal, and the raises that were handed out were in large part not astronomical in an era of worker shortages. The meager pay hikes show a continued bout of penny-pinching by local bosses. This all but guarantees they’ll be quick to cut wages and … [Read more...] about Bubble Watch: 10 Southern California economic trends we worry about
(Reuters) - U.S. package delivery company FedEx Corp (FDX.N) on Tuesday cut its 2019 forecast after Europe’s economy weakened and the U.S. trade skirmish exacerbated a slowdown in China, sending its shares tumbling as much as 6 percent in after-hours trade. FILE PHOTO: A federal Express freight truck is pictured in Irvine, California, U.S., January 24, 2017. REUTERS/Mike Blake/File Photo “Global trade has slowed in recent months and leading indicators point to ongoing deceleration in global trade near-term,” FedEx Chief Financial Officer Alan Graf said. Executives pointed to flashing signs around the world, including a sharp UK slowdown due to Brexit uncertainty, Germany’s recent gross domestic product contraction, “yellow vests” unrest in France that threatens to spread to nearby nations and a cool down in Asia. FedEx is a bellwether for the global economy and the results fueled concern that the United States may catch the … [Read more...] about FedEx cuts 2019 earnings forecast on economic slowdown