There is nothing more important to the overall economy than the consumer. The biggest swing factors for the consumer are interest rates and energy prices. Both of these just jumped and should slow the consumer which should slow the economy. That can be a stock market (NYSEARCA:SPY) drag.
The Economy Is The Consumer
It shouldn't be an epiphany but people drive the economy.
We'll prove it.
Story highlightsDonald Trump Jr. is active on social mediaNot all of it draws positive attentionBut he's shown a propensity for damaging missteps -- the latest being likening Syrian refugees to Skittles candy. Trump Jr.'s lightly filtered Twitter account has at times appeared to be a clearinghouse for particularly unsavory media and commentary. On Tuesday, for instance, he retweeted a Breitbart story titled, "Europe's Rape Epidemic: Western Women Will Be Sacrificed At The Altar Of Mass Migration." Here are a few the son's stumbles of late:Compared Syrian refugees to Skittles"If I had a bowl of skittles and I told you just three would kill you. Would you take a handful? That's our Syrian ref
Story highlightsDonald Trump is having trouble getting traction in some key battleground statesHillary Clinton is urging Democrats to plan get-out-the-vote efforts during RNC convention These stories are more are part of CNN's "Inside Politics" forecast, where you get tomorrow's headlines today.1) Trump's swing-state troubles The GOP convention is just around the corner, but Donald Trump continues to annoy and befuddle some activists in battleground states. In Colorado the other day, he publicly complained again about a state GOP delegate-selection process Trump claims was "rigged" against him. It's not the way to make friends in what has traditionally been a presidenti
Snow covers a holly berry bush Friday, April 8, 2016, in Hazleton, Pa.(Photo: Ellen F. O'Connell, AP)
Folks in the Midwest and East will endure coldweather this weekendthat will make it feel more like winter than spring.
The chillytemperatures will stretch from the Northeast into the Great Lakes and parts of the Southeast on Saturday.
The Northeast will only see highs climb into the 30s and 40s Saturday whileparts of North Carolina, north Georgia and Tennessee will only rise into the 50s, the Weather Channel predicts.
Those temperatures are about 25 degrees below average in many locations.Freeze and frost watches and warnings are in place all the way from eastern Nebraska to the Southeastcoast, a distance of more than 1,300 miles.
Record #cold possible thru the weekend for some in the East, but how long will it last? Get your forecast on @AMHQ. pic.twitter.com/3EVcHlKJQN
The Weather Channel (@weatherchannel) April 8, 2016
A frost or a freeze is probable this weekend as far south as the mountains of northern Georgia, the Weather Underground predicted.The freeze warnings in the Midwest are for early Saturday. In the East, any freezes and frosts would come early Sunday.
Snow will also be an unwelcome guest Saturday in some spots. Cities that could receive some wet snowflakes include Washington, D.C., Baltimore, Philadelphia and New York City, AccuWeather said.
The highest snowfall amounts of up to 4 inches are forecast to fall in the higher elevations of Pennsylvania and West Virginia.The East will not see any significant snow Sunday, though some snow is likely in northern Michigan.
On the other side of the country, heavy rain could lead to flooding in southern California.
Gusty thunderstorms threaten to cause flash flooding in California this weekend: https://t.co/pNk6Pkzvskpic.twitter.com/ztbchBNhIE
AccuWeather.com (@breakingweather) April 8, 2016
Cities that can expect drenching rainfall with some thunderstorms include San Diego, Long Beach, Anaheim, Los Angeles, Santa Barbara and San Luis Obispo.A few of the storms may be strong to severe, producing hail and gusty winds,AccuWeathermeteorologistDanPydynowski said.
In the central and southern Plains on Sunday,there is a slight chance for severe thunderstorms, the Storm Prediction Center said.
3:33am CDT #SPC Day3 Outlook Slight Risk: across nrn ok sern ks swrn mo... https://t.co/6oEffQCHStpic.twitter.com/xXmL1dv9QC
NWS SPC (@NWSSPC) April 8, 2016Read or Share this story: http://usat.ly/1S2v9O7
The American economy created 211,000 jobs in November, the government reported Friday, a robust showing that all but guarantees policy makers at the Federal Reserve will raise interest rates for the first time in nearly a decade when they meet this month.
The unemployment rate held steady at 5 percent, unchanged from October.
The big gain in hiring reported for October was revised upward by 18,000 jobs, and Septembers weaker payroll performance was revised upward by 8,000.
The labor market strength evident in the November data removes the last major obstacle before the Fed decision.
This is a green light from our perspective, said Phil Orlando, chief equity strate
PARIS The latest from the much-anticipated U.N. climate conference that gets underway in Paris on Monday. All times local:
Environmental and other activists are lining up shoes on Paris streets and holding a healing ceremony to urge world leaders to reach a deal to slow climate change.
A big activists' march Sunday was banned because of a state of emergency imposed in France after Nov. 13 extremist attacks that killed 130 people.
Instead, environmental groups are holding marches outside France this weekend, and some activists lined up shoes on the Place de la Republique square to represent the people barred from protesting.
Tribal leaders from different indigenous groups around the world are also planning a healing ceremony Sunday near the site of the Paris attacks.
They are urging leaders gathering for U.N. climate talks near Paris Nov. 30-Dec. 11 to agree to deep emissions cuts and to help poor countries cope with global warming.
More than 140 world leaders are gathering in Paris for high-stakes talks seeking a long-term deal to slow man-made global warming.
U.N. Secretary-General Ban Ki-moon is meeting French President Francois Hollande on Sunday morning to discuss the talks, and U.S. President Barack Obama is among scores of other leaders arriving for the talks.
The Nov. 30- Dec. 11 U.N. climate conference is under extra-high security after extremists killed 130 people around Paris earlier this month.
Negotiators from 196 countries are seeking an accord that reduces man-made emissions to limit rising sea levels and increasingly extreme weather that is already threatening populations around the world.