U.S. employers cut back sharply on hiring in December, particularly in pandemic-hit industries such as restaurants and hotels, as soaring virus infections and government restrictions weakened the economy that month.
Market Watch 666 For 17January 2021
December s consumer & producer prices, retail sales, and industrial production; November s business inventories and JOLTS
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The week also saw the release of the first regional Fed manufacturing survey for January: the Empire State Manufacturing Survey from the New York Fed, which covers all of New York state, one county in Connecticut, Puerto Rico and northern New Jersey, reported their headline general business conditions index fell from +6.3 in November and from +4.7 in December to +3.5 in January, suggesting somewhat sluggish growth of First District manufacturing.
Moncef Slaoui, chief advisor of Operation Warp Speed under the Trump administration, has submitted his resignation at the request of the Biden team, two sources tell CNBC s Meg Tirrell.
Slaoui will stay 30 days through the transition, though his role will be significantly diminished on Jan. 20, when President-elect Joe Biden will be inaugurated.
Operation Warp Speed chief adviser Dr Moncef Slaoui has submitted his resignation at the request of the Biden team, per two sources. He’ll stay 30 days, through the transition, though his role will be significantly diminished come Jan. 20. Meg Tirrell (@megtirrell) January 13, 2021
The Trump administration on Tuesday issued new guidelines that expand coronavirus vaccine eligibility to everyone age 65 and older as well as to those with comorbid conditions, like diabetes.
Morgan Stanley Spots An Extremely Rare Market Signal Which Precedes Selloffs (SPY flat +0.02%). GM shares hit record high after revealing electric van and flying cars.
The Market in Perspective
Here are the headlines moving the markets.
Google Looks To Turn Data Centers Into Energy Storage When most people imagine the internet, the last thing that comes to mind is huge, on-the-ground facilities and thousands of miles of wires across the ocean floor, but even the digital age depends entirely on material things. Even the cloud, whose very name suggests an ethereal, floating datasphere free from servers, towers, and wires, is housed in data centers around the world. And those data centers require energy a LOT of energy. As more and more people get connected to the internet around the world and spend increasingly lengthy amounts