The National  Memo Logo

Smart. Sharp. Funny. Fearless.

Monday, December 09, 2019

U.S. Retail Sales Pick Up In October

@AFP

Washington (AFP) – U.S. retail sales rose more than expected in October as consumers increased spending despite the government shutdown during the first half of the month, government data released Wednesday showed.

Americans spent 0.4 percent more on retail and food services last month, after the September reading was revised slightly upward to virtually unchanged, the Commerce Department said. Excluding the automobile sector, retail sales rose 0.2 percent in October.

The October increases were above the average analyst estimates of 0.1 percent for both retail sales and sales ex-autos.

Year-over-year, retail sales were up 3.9 percent from October 2012.

The better-than-expected numbers came despite the October 1-16 partial government shutdown that furloughed hundreds of thousands of federal workers and rippled through the broader economy.

The shutdown was ended by a stop-gap budget bill passed by Congress that funds the government through January 15.

AFP Photo/Robyn Beck

Advertising

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

Mike Lindell

Ronna McDaniel secured a fourth term as chair of the Republican National Committee (RNC) on Friday with roughly two-thirds of the votes cast, leaving her challengers in the dust, including millionaire conspiracy-monger Mike Lindell, who had projected a winner’s confidence on the campaign trail.

Keep reading...Show less

Charles McGonigal

Youtube Screenshot

The arrest of Charles McGonigal, chief of the FBI counterintelligence division in New York from October 2016 until his retirement in 2018, reopens festering questions about the troubled election that put Donald Trump in the White House. Among the crimes charged against McGonigal in two lengthy federal indictments is a secret financial relationship with Oleg Deripaska — a Russian oligarch close to dictator Vladimir Putin and associated with Paul Manafort, Trump's campaign manager, himself convicted of crimes and pardoned.

During his FBI career, McGonigal oversaw investigations of Deripaska and other oligarchs suspected of various crimes, including espionage. Now the exposure of his illegal connection with Deripaska may provide fresh insights into Trump's tainted victory.

Keep reading...Show less
{{ post.roar_specific_data.api_data.analytics }}