3 October 2018

See new posting below, “EFR PODCAST EP. #28: TARIFF WARS”

1) Oil prices continue to increase as supplies decrease in part because of the Iran sanctions which come into full force on 4 November.  Fears are that oil prices will reach $100 in the near future.

2) Amazon announces raising their minimum wage to $15 per hour. This will effect 250,000 full and part time Amazon workers, plus another 100,000 seasonal workers.  Target will raise their minimum wage to $11 per hour while Walmart will raise their’s to $12 per hour.

3) The Hudson Yards, at $25 billion, is the most expensive real-estate development in US history, as well as one of the largest.  Once completed, there will be 18 million square feet.

4) 2 OCT 18    Stock price closings:   Every major retailer stock prices closed down in response to Amazon.

Dow                              26,773.94                   up      122.73
Nasdaq                           7,999.55              down        37.76
S&P 500                          2,923.43               down         1.16

10 Year Yield:     down    at   3.06%

Oil:           $75.18    down   from    $75.45

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