Business News

AM Business Notebook

>>Reports To Watch For In The Coming Week Ahead

(Undated) -- Coming up in the business week ahead, there are some key reports to keep an eye out on. Investors today will get earnings results from Costco, but there are no major economic reports to digest. That changes Tuesday with data on new home sales, consumer confidence and the S&P Case-Shiller home price index. Durable-goods orders are due Wednesday. Revised GDP numbers come down on Thursday along with initial jobless claims and remarks by Fed Chairman Jerome Powell. The week wraps up with personal incoming and spending on Friday as well as consumer sentiment.

 

>>WGA And Hollywood Studios Reach Tentative Deal To End Strike

(Los Angeles, CA) -- A tentative agreement between the Writers Guild of America and Hollywood's top studios has been reached in an effort to resolve the ongoing writers' strike. The guild released a statement Sunday, saying the deal "was made possible by the enduring solidarity of WGA members and extraordinary support of our union siblings." Picketing was suspended as of Sunday night. The writers walkout began more than 140 days ago, bringing the film and TV industry to a halt. While union members still need to formally vote to end the walkout, actors will continue their strike until the SAG-AFTRA union also reaches a deal with studios.

 

>>Biden To Join Picket Line In UAW Strike This Week

(Detroit, MI) -- President Biden is set to join the United Auto Workers picket line this week. He'll travel to Michigan Tuesday to "stand in solidarity with the men and women of UAW as they fight for a fair share of the value they helped create." It comes as the union recently expanded its strike to 20 states after no substantial progress was made with the Big Three automakers on a new contract. UAW workers say they want a 40 percent pay increase, cost of living adjustments, and pensions for all workers.

 

>>Problem Solvers Caucus Trying To Avoid Shutdown

(Washington, DC) -- A bi-partisan House caucus says it has one objective and that's to keep the lights on. Speaking on CNN's State of the Union, New Jersey Democratic Congressman Josh Gottmeier and Pennsylvania Republican Congressman Brian Fitzpatrick say they are pushing to get a "Keep America Open" bill on the House floor in time to avoid a government shutdown. Gottmeier and Fitzpatrick are co-chairs of the bi-partisan "Problem Solvers Caucus," which is made up of 32 Republicans and 32 Democrats. Both Congressmen said the caucus is trying to do what's in the best interest of all Americans and keep the government running.

 

>>Top Five Cities Where Homes Sell Above Asking Prices

(Austin, TX) -- The top five cities where homes sell above asking prices are all in New York and California. Moving Feedback, a Texas-based platform for finding the best movers, analyzed Zillow data and came up with some surprising findings. More homes in Vallejo [[ vuh-LAY-oh]], California, just north of Berkeley and Oakland, are selling above asking price than anywhere else in the country. San Francisco is second, followed by Rochester, New York. San Jose, California is in fourth place with Ithaca, New York in fifth. In all five cities homes are selling for between one and two-percent over the asking price.

 

>>Amazon To Introduce Ads To Prime Video

(Seattle, WA) -- Amazon will start featuring ads on its Prime Video streaming service. The online retail giant announced Friday that starting next year, TV series and movies will start having limited ads in its tier that costs about 15-dollars a month. Subscribers will be able to pay an extra three-bucks a month to avoid seeing ads. Live events and sports on Prime Video will still have ads no matter the subscription tier. Amazon said the move to include ads on Prime Video is needed to continue to invest in content for the platform.

On Air Now

Dan Bongino
Dan Bongino
9:00am - 12:00pm
The Dan Bongino Show

FlashAlert

KBND ON FACEBOOK

News Disclaimers