The Labor Department said that consumer prices rose 0.2 percent in August as declines in healthcare and clothing costs offset increases in the price of gasoline and rents.
According to the JOLTS report the number of U.S. job openings increased to 6.94 million in July, a record high. Higher job openings signal a healthy labor market with motivated employers. The more interesting was the quit rate, or voluntary quits as a percent of separations, which climbed to a 17-year high. An increasing number of workers quitting their jobs can put upward pressure on wages, boosting inflationary pressures in the economy.
Cross marketing and media content are all the rage. Mattel is launching a theatrical film division to produce features based on its popular toys like Barbie, Hot Wheels, and other brands. (CNBC)
Hershey is buying Pirate Brands, the makers of the very yummy Pirate’s Booty from B&G Foods for $420 million in cash. (CNBC)
Join us this weekend for Financial Focus Radio when Tyler and I will talk about the burning question, “should retirees worry about inflation”.
S&P 500 is up 4 and the NASDAQ is up 24. The MSCI international index is higher.
Oil is up 28 cents at $68.87 a barrel.
Gold is up $1 at $1209 a Troy ounce.
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.