It is the Thursday Edition of the business news headlines. Our host, Michael Libbie, has the day off so you're getting Chap Ramsey and the written version of the headlines. Here is what's been going on:
- August Retail Surprise - It was a complete surprise as data showed retail sales grew by .7% in August. Economists had projected retail sales would fall by .8%. Meanwhile if auto sales are excluded sales jumped by 1.8%. It was a solid report.
- Wall Street - You would think that those kinds of numbers would boost Wall Street and while they did for a bit the markets ended the day mixed. Those numbers in just a bit.
- New Jobless Numbers - This is what may have muted the markets. New jobless numbers came in 20,000 higher than the week before. Ending September 11. 332,000 Americans filed new unemployment claims.
- Just Inhale - Despite opposition from health groups Phillip Morris (think cigarettes) announced that it had taken control of the U.K. inhaler company Vectura. Phillip Morris is hoping to see over half of it's revenue come from non-smoking products by 2025.
- Guaranteed Income Test - What was non-existent just just six years ago is now catching on in 20 U.S. cities test the idea of guaranteed income. Most of the programs are paid for by using donations. But they all have one thing in common: they give some of society’s poorest and most marginalized people cold-hard cash, and then let them spend it however they want. And, it's catching on with some 45% of Americans favoring some type of guaranteed income program.
- Rents - Rents nationwide are rising at a fast pace, according to a new analysis from Realtor.com. The median rent for all sizes of rentals nationwide was $1,607 as of August, representing an increase of 11.5% from a year ago.
- Wall Street - Stocks ended the day mixed with the Dow falling by 63 points the close at 34,751. The S&P 500 was down by nearly 7 points closing at 4,473. The Nasdaq outperformed getting 20 points above the flat-line to end the trade at 15,181.
- Bye Bye - And, finally there is this: HBO abruptly lost 5 million subscribers this week, after its agreement with Amazon to sell digital subscriptions through its Prime service ended. Prime members have long been able to subscribe to HBO for $15 per month. HBO says they are willing to lose customers, in the short term, as they attempt to build their own relationship with consumers.
That's a wrap. Thanks for reading! Michael will be back in tomorrow.
The award winning Insight on Business the News Hour with Michael Libbie is the only weekday business news podcast in the Midwest. The national, regional and some local business news along with long-form business interviews can be heard Monday - Friday. You can subscribe on PlayerFM, Podbean, iTunes, Spotify, Stitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday Noon on News/Talk 1540 KXEL. The Business News Hour is a production of Insight Advertising, Marketing & Communications. You can follow us on Twitter @IoB_NewsHour.
Welcome to the business news headlines for Wednesday the 15th of September and for those of you who are about to celebrate the Jewish Holiday of Yom Kippur may you have a meaningful day. Here's what we've got for you today:
- Get Social Security? A raise is in store;
- A "Witching Friday" for stocks...what?
- Heard about the Great Chicken Settlement;
- Seems Dutch Brothers have a winner;
- The Wall Street Report
- The "Savage Summer" of air travel.
Those stories, a programming note and we'll take you back a month or so and get you up to speed on the Okoboji Writers Retreat with Julie Gammack. It kicks off this Sunday and yep, I'm going. Want to listen to what it's about? Here you go!
Thanks for being here!
The award winning Insight on Business the News Hour with Michael Libbie is the only weekday business news podcast in the Midwest. The national, regional and some local business news along with long-form business interviews can be heard Monday - Friday. You can subscribe on PlayerFM, Podbean, iTunes, Spotify, Stitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday Noon on News/Talk 1540 KXEL. The Business News Hour is a production of Insight Advertising, Marketing & Communications. You can follow us on Twitter @IoB_NewsHour.
Several years ago we sat down with Tom Hudson the owner of Crossroads Shooting Sports based in the Greater Des Moines Metro. Not long ago I decided that I would sit in on a class offered by Crossroads. There were many surprises starting with the fact the instructor was a woman. Meet Amanda Robinson a certified instructor who also happens to be an attorney. How she got started, why safety is the number one concern, her work with women seeking to correctly use a handgun, gear and the law. Also, you might want to take a peek at this Facebook Page, Adventures in Appendix Carry for those of you who may be interested in gear, safety and how to carry.
Thanks for listening!
The award winning Insight on Business the News Hour with Michael Libbie is the only weekday business news podcast in the Midwest. The national, regional and some local business news along with long-form business interviews can be heard Monday - Friday. You can subscribe on PlayerFM, Podbean, iTunes, Spotify, Stitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday Noon on News/Talk 1540 KXEL. The Business News Hour is a production of Insight Advertising, Marketing & Communications. You can follow us on Twitter @IoB_NewsHour.
Thanks for coming back. Today much of the business news was muted due to the attack at the Kabul airport in Afghanistan that resulted in the death of 12 U.S. service personnel and dozens of Afghan civilians. It continues to be a developing story.
- Markets retreat ahead of the Fed meeting;
- The Taliban tried to get nearly $10 billion but;
- Tim Cook of Apple has a big payday;
- They are disappearing from the store and we have a list;
- There is a consumer change when it comes to clothing;
- Also a change in home fitness equipment;
- It is never a good idea to falsely inflate the numbers;
- The Wall Street Report;
- A slight uptick in new jobless claims;
- It is, you know National Dog Day....
Thanks for listening!
The award winning Insight on Business the News Hour with Michael Libbie is the only weekday business news podcast in the Midwest. The national, regional and some local business news along with long-form business interviews can be heard Monday - Friday. You can subscribe on PlayerFM, Podbean, iTunes, Spotify, Stitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday Noon on News/Talk 1540 KXEL. The Business News Hour is a production of Insight Advertising, Marketing & Communications. You can follow us on Twitter @IoB_NewsHour.
Welcome back to Monday and thanks, again, for being with us. It was a rocky start for the markets this morning but by the close two of the three major indexes were once again closing at record levels. Here's what we've got for you today:
- Yet another major company delays return to the office;
- Some new COVID19 news;
- Jeff Bezos is taking NASA to court;
- Residents vs. Costco and it got ugly;
- Jobs, Money, The Fed made the news;
- Walmart betting on cryptocurrency;
- And, they are not alone;
- Hyatt places a 2.7 billion bet on leisure travel;
- She quit saying McDonald's would treat her better;
- The Wall Street Report;
- Yes, more folks are quitting their jobs.
Thanks for listening!
The award winning Insight on Business the News Hour with Michael Libbie is the only weekday business news podcast in the Midwest. The national, regional and some local business news along with long-form business interviews can be heard Monday - Friday. You can subscribe on PlayerFM, Podbean, iTunes, Spotify, Stitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday Noon on News/Talk 1540 KXEL. The Business News Hour is a production of Insight Advertising, Marketing & Communications. You can follow us on Twitter @IoB_NewsHour.
Welcome to the Wednesday Edition of the business news headlines and we kick things off today with some job numbers...like the job numbers that didn't...happen. Let's go:
- Job numbers disappoint big time;
- Tyson Foods to workers, "Get vaccinated!";
- That was an abrupt exit at Lockheed;
- Airless...tires? Yep;
- GM, Recalls & Money;
- Google fires 80 workers and why;
- Mexico is suing over...guns;
- Honeywell, Air Filters & COVID;
- The Wall Street Report;
- Target taking a page out of Walmart on this.
For the interview you'll meet Trisha Trixie who is not only an accomplished author and fashionista but also a former "Pin Up Girl" turned modern day hippie. But that's not all the story. She is on an amazing journey...and we invite you to learn more. To listen, click here.
Thanks for listening!
The award winning Insight on Business the News Hour with Michael Libbie is the only weekday business news podcast in the Midwest. The national, regional and some local business news along with long-form business interviews can be heard Monday - Friday. You can subscribe on PlayerFM, Podbean, iTunes, Spotify, Stitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday Noon on News/Talk 1540 KXEL. The Business News Hour is a production of Insight Advertising, Marketing & Communications. You can follow us on Twitter @IoB_NewsHour.
Just before we went into the studio we got this bulletin: Israel will roll out a booster dose of the Pfizer COVID-19 vaccine to older people, citing a drop in protection against severe disease driven by the Delta variant. That didn't hit before the markets closed. In other news:
- There are lies and there are LIES;
- The GDP numbers look pretty good;
- But the new unemployment numbers;
- So, you really, really like grilling out;
- Apple shared some disturbing news;
- Data says NYC to gain San Fran...not so much;
- The Wall Street Report;
- Remember those fancy office perks?
Thanks for listening!
The award winning Insight on Business the News Hour with Michael Libbie is the only weekday business news podcast in the Midwest. The national, regional and some local business news along with long-form business interviews can be heard Monday - Friday. You can subscribe on PlayerFM, Podbean, iTunes, Spotify, Stitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday Noon on News/Talk 1540 KXEL. The Business News Hour is a production of Insight Advertising, Marketing & Communications. You can follow us on Twitter @IoB_NewsHour.
A surprising number of new unemployment cases surprised the business community today and that had an impact on Wall Street. It's the business news headlines for Thursday the 22nd of July and here's what we've got for you:
- Warren Buffett sells a prized business;
- It wasn't by much but we beat the flatline;
- Religion, Politics and Business...in the news;
- Another vehicle manufacturer goes all in on electric;
- A fast food restaurant without...food;
- The four fast food places who have raised prices the most;
- The Wall Street Report & new unemployment numbers;
- Where have all the employees gone? We may have found them.
Thanks for listening!
The award winning Insight on Business the News Hour with Michael Libbie is the only weekday business news podcast in the Midwest. The national, regional and some local business news along with long-form business interviews can be heard Monday - Friday. You can subscribe on PlayerFM, Podbean, iTunes, Spotify, Stitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday Noon on News/Talk 1540 KXEL. The Business News Hour is a production of Insight Advertising, Marketing & Communications. You can follow us on Twitter @IoB_NewsHour.
Welcome back to the Business News Headlines for Thursday the 15th of July. A programing note we're headed to Kansas City for a quick assignment but, we'll still be here with those business headlines and more. For today here is what we've got:
- Amazon is being sued and by the government;
- A Delta pilot sues...Delta Airlines and why;
- Fed Chair Powell insists inflation is temporary;
- The "Typical Millennial" and what they face;
- GM ships a bunch of trucks but...
- Commercial fleets, EV's and GM;
- The Wall Street Report;
- Oh oh...Coca Cola is at it again...1985 revisited?
Thanks for listening!
The award winning Insight on Business the News Hour with Michael Libbie is the only weekday business news podcast in the Midwest. The national, regional and some local business news along with long-form business interviews can be heard Monday - Friday. You can subscribe on PlayerFM, Podbean, iTunes, Spotify, Stitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday Noon on News/Talk 1540 KXEL. The Business News Hour is a production of Insight Advertising, Marketing & Communications. You can follow us on Twitter @IoB_NewsHour.
Where did that month go? It's the final Monday for June 2021 and a national holiday for the U.S. is coming right up. Meanwhile we've got some of the top business news stories for you like:
- The FTC and Facebook;
- Technology stocks ruled today and why;
- "Don't worry!" says Lordstown Motors;
- The Uber CEO delivered meals and made bank;
- Best at 1 hour delivery? Amazon, Walmart or Target?
- Trouble finding workers is a...thing;
- Wait! How many Americans retired last year?
- The Wall Street Report;
- Will Juul go up in...smoke?
Thanks for listening!
The award winning Insight on Business the News Hour with Michael Libbie is the only weekday business news podcast in the Midwest. The national, regional and some local business news along with long-form business interviews can be heard Monday - Friday. You can subscribe on PlayerFM, Podbean, iTunes, Spotify, Stitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday Noon on News/Talk 1540 KXEL. The Business News Hour is a production of Insight Advertising, Marketing & Communications. You can follow us on Twitter @IoB_NewsHour.
