Money Talk Podcast, Friday Dec. 19, 2025 скачать в хорошем качестве

Money Talk Podcast, Friday Dec. 19, 2025

Advisors on This Week’s Show • Kyle Tetting (https://www.landaas.com/team-member/k...) • Adam Baley (https://www.landaas.com/team-member/a...) • Dave Sandstrom (https://www.landaas.com/team-member/d...) (with Max Hoelzl (http://landaas.com/about/talent/suppo...) , Joel Dresang (http://landaas.com/about/talent/suppo...) , engineered by Jason Scuglik (https://www.landaas.com/team-member/j...) ) Week in Review (Dec. 15-19, 2025) Significant Economic Indicators & Reports Monday No major announcements Tuesday Employers continued to add jobs in November amid signs of a weakening labor market, including the highest unemployment rate in four years. The shutdown-delayed employment report (https://www.bls.gov/news.release/pdf/...) from the Bureau of Labor Statistics showed 64,000 more jobs in November after a 105,000-job decline in October, the third drop in five months. Federal jobs led the October fall as total employment stayed flat since April. Temporary help — considered a harbinger of hiring trends — reached its lowest level outside of the pandemic since 2012, amid recovery from the Great Recession. Because of the 43-day government shutdown, household data was not collected in October and had a higher margin of error in November. That data raised the seasonally adjusted unemployment rate rose to 4.6% in November, the highest since September 2021. The Commerce Department reported no change in retail sales (http://www.census.gov/retail/marts/ww...) in October. Eight of 13 major categories had higher sales. Decliners were led by car dealers, home-and-garden centers and bars and restaurants. Sales fell at gas stations because of lower prices. Excluding volatile car and gas sales, retailers generated 0.5 % more revenue than in September. About two-thirds of U.S. economic activity is driven by consumer spending, a majority of which is reflected in retail sales. Wednesday No major announcements Thursday The broadest measure of inflation showed a 2.7% annual pace in November. Because of the shutdown, the Bureau of Labor Statistics skipped its October report, the first miss  since 1948, but showed a lower Consumer Price Index (http://www.bls.gov/news.release/pdf/c...) increase for the first time since April, when the year-to-year rate was 2.3%. Inflation stayed above the long-range Federal Reserve target of 2% but was down from a four-decade high of 9.1% in June 2022. According to the incomplete report, gas prices were up 11% from the year before and shelter costs rose 3%. Excluding volatile costs for energy and food, the core CPI rose 2.6% from November 2024. The four-week moving average for initial unemployment claims (https://www.dol.gov/ui/data.pdf)  rose for the second week in a row, the Labor Department reported. The gauge of employers’ willingness to release workers was 40% below the long-term average and up 5% from the low just before the COVID-19 pandemic. Total jobless claims rose nearly 16% in the latest week to just below 2 million, up almost 2% from the year before. Friday Existing home sales (https://www.nar.realtor/newsroom/nar-...) rose 0.5% in November, a third consecutive increase, the National Association of Realtors reported. The annual sales rate of 4.1 million houses and condos was 1% below the year before; 2024 had the lowest sales in 30 years. An economist for the trade association said housing wealth was at an all-time high, so homeowners are in no hurry to list their properties. Low inventory has helped boost prices, rising to a median price of $409,200 in November, a 1.2% gain from the year before and the 29th consecutive increase. The University of Michigan’s consumer sentiment index (http://www.sca.isr.umich.edu/) rose marginally in December, though it was 28.5% lower than the year before. Conditions for buying durable goods fell for the fifth month in a row as 63% of consumers surveyed foresaw a continuing rise in unemployment. Inflation expectations fell but remained higher than they were in January. Economists follow consumer sentiment as a leading indicator of consumer spending. Market Closings for the Week • Nasdaq – 23286, up 91 points or 0.4% • Standard & Poor’s 500 – 6837, up 10 points or 0.1% • Dow Jones Industrial – 48254, down 204 points or 0.4% • 10-year U.S. Treasury Note – 4.15%, down 0.04 point