Topic: United States
Nashville, TN – As recent floods devastated homes in Tennessee and elsewhere in the U.S., the Tennessee Department of Commerce & Insurance (TDCI) calls on residents to give greater consideration to purchasing flood insurance to help protect their investments in their homes and properties.
Tennessee Governor Bill Haslam, Commissioner Randy Boyd Announce Lowe’s to Locate New Direct Fulfillment Center in Robertson County
Nashville, TN – Tennessee Governor Bill Haslam and Economic and Community Development Commissioner Randy Boyd joined Lowe’s in announcing the company will locate a new direct fulfillment center in Robertson County.
The home improvement company expects to invest approximately $100 million and create up to 600 jobs in Coopertown, northwest of Nashville.
Clarksville, TN – The economic data calendar was thin and reports were of little consequence for the markets. As expected, the European Central Bank left short-term interest rates unchanged and did not alter its asset purchase plans.
ECB President Draghi indicated that policymakers were encouraged by the financial stability following the initial reaction to the Brexit vote. He also said that more information will become available over time and the ECB would act using all possible tools “if needed.”
Nashville, TN – White County is the latest in Tennessee to be quarantined for an invasive pest targeting ash trees.
Officials have detected Emerald Ash Borer (EAB) in the eastern section of White County. An adult EAB beetle was recently captured in a trap near Old Railroad Grade Road. With this discovery, White County joins 48 other counties in quarantine with a prohibition on the movement of ash trees and ash tree products.
Clarksville, TN – The economic data were generally on the strong side of expectations. Retail sales rose 0.6% in June (median forecast: +0.2%), but figures for April and May were revised down (still a strong quarter).
Industrial production rose 0.6%, but that largely reflected a rebound in auto output (which had fallen in May). Ex-autos, manufacturing output was flat (-0.2% y/y, consistent with a soft patch, not a recession).
Tennessee Republican Party Statement on Donald Trump’s Choice of Governor Mike Pence as His Running Mate
Nashville, TN – Tennessee Republican Party Chairman Ryan Haynes released the following statement regarding the announcement of Governor Mike Pence as the Republican nominee for Vice-President of the United States.
“Governor Pence is a conservative that Tennesseans can be proud of. He’s fought for many of the same pro-economic opportunity and pro-family policies we have passed here in the Volunteer State. As an accomplished governor, he’s an outstanding addition to the Republican ticket,” said Haynes.
APSU Sports Information
Clarksville, TN – Former Austin Peay State University soccer standout Tatiana Ariza will once again represent her native Colombia at the 2016 Rio Summer Olympics, August 3rd-20th, in Brazil.
Ariza was one of 18 players chosen Thursday to represent Las Cafeteras (The Coffee Growers), beginning August 3rd against France in Belo Horizonte. Colombia also is scheduled to face New Zealand (August 6th) and the United States (August 9th) in the first stage of Group G.
Clarksville, TN – The economic data were mostly on the strong side of expectations. Nonfarm payrolls surprised sharply to the upside in June (+287,000), but that followed a very soft payroll figure for May (revised to +11,000).
The disappointing May number is now seen as an anomaly, but then so was the June figure. Large month-to-month swings in payrolls are unusual, but they do happen occasionally.
The three-month average payroll gain was +147,000, slower than in 1Q16 (+196,000) and 2015 (+221,000).
Tampa, FL – Many motorists choose a gas station based on location or price, but a recent AAA study reveals there is a difference in fuel quality depending on where you purchase your gas.
One-third of retailers nationwide sell gasolines that meet TOP TIER™ standards among all octane grades. Gasolines that earn the TOP TIER™ designation are marketed as containing enhanced, engine-cleaning detergent additives that promote optimal vehicle performance by minimizing engine deposits.
Clarksville, TN – Despite there being no plan for Brexit and expectations of a lengthy and uncertain process of disentanglement from the European Union, stock market fear subsided.
The impact on the U.S. economy of a weaker U.K. is expected to be small, and in some ways may even be positive (lower mortgage rates and greater capital flows to the U.S.). Long-term interest rates remain low.
Bank of England Governor Carney helped things along by suggesting that a rate cut would likely be warranted this summer (the BoE’s Monetary Policy Committee will meet on July 14th).
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