November 4,2015
Car Sales Up
“Light-vehicle sales increased 13.6% in October compared with the same period a year ago, according to AutoData Corp., with 1.46 million cars and trucks sold. It is the second-consecutive month that the annualized sales pace exceeded 18 million, putting the U.S. market on track for potentially the strongest annual showing in history.”
WSJ
Less Sugar
“The three largest soda makers, Coca-Cola, PepsiCo and the Dr Pepper Snapple Group, are producing more iced teas, sports drinks and flavored waters to reflect changing tastes. Many schools and workplaces have banned full-calorie sodas, but allow the sale of alternative drinks.”
Migration News
Mortgage Rates Fall
Mortgage giant Freddie Mac said Thursday the average rate on a 30-year fixed-rate mortgage slipped to 3.76 percent from 3.79 percent a week earlier. The rate on 15-year fixed-rate mortgages stayed at 2.98 percent.It was the 14th straight week of rates below 4 percent, and they are well below last year’s levels.
Freddie Mac
Trade Deficit Lower
“The U.S. trade deficit narrowed sharply in September to its lowest level in seven months as exports rebounded, a tentative sign that the worst of the drag from a stronger dollar may be over.
The Commerce Department said on Wednesday the trade gap fell 15 percent to $40.8 billion, the smallest deficit since February. Lower crude oil prices also helped to curb the import bill.”
CNBC