00:00It doesn't look like we have a hugely resilient consumer, Lisa, up a tenth of a percent after a 1.5 percent revised gain in the month of March.
00:10Ex-autos and gas up two-tenths of a percent after a nine-tenths gain.
00:15The control group is what people care about, and that is down by two-tenths of a percent.
00:21The expectation there was that we would rise three-tenths after four-tenths rise the month before.
00:28PPI comes in down 0.5 percent.
00:34That's for final demand on the headline number.
00:38The core is down a tenth of a percent, and so it looks like at this point we get final demand year over year 2.4 percent for the headline, 3.1 percent for the core, and core X trade 2.9 percent.
00:54So improvement in the economic data for producer prices, but we'll have to see what was higher and whether there was any tariff effect in there.
01:05A couple other data points dropping now.
01:07The Empire Manufacturing number comes in at negative 9.2, down from negative 8.1, and the Philly Fed is at negative 4.
01:18That is an improvement from negative 26.4, and the all-important prices paid index jumps to 59.8 from 51.0.
01:29So clearly some issues with tariff prices probably in the Philly Fed number, and that's the only one that's listed for May.
01:38So that's the latest data, and make of it what you want in the markets.
01:43So today, please do thank you with our comments.
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