See new posting below, “EFR PODCAST EP. #28: TARIFF WARS”
1) The British prime minister proclaimed that the British people should forget about a graceful exit from the European Union.
2) Amazon announced it is eliminating monthly bonuses and stock awards to help pay for the minimum wage raises previously announced.
3) Wage growth remains sluggish, which is somewhat of a mystery in a tight labor market. This begs the question why wages are not growing as in any other supply-demand situations.
4) 3 OCT 18 Stock market closings:
Dow 26,828.39 up 54.45
Nasdaq 8,025.08 up 25.54
S&P 500 2,925.51 up 2.08
10 Year Yield: up at 3.16%
Oil: $76.22 up from $75.18