JDfn™ - The PremiereTrade Market Wrap

JDfn™ - The PremiereTrade Market Wrap

Join the James Dicks Financial Network's senior traders as they give a detailed report of the day's market activity as well as upcoming events and possible reactions.

Episodes

December 7, 2007
The economy added 94,000 non-farm payroll jobs last month down from the 170,000 added in October. As a result of strong employment growth in household survey, the unemployment rate was steady at 4.7%.

Oil prices increased, as the U.S. government lobbied international powers not to back down on OPEC's second-largest producer, Iran, over its nuclear program.

December's consumer sentiment index, from the University of Michigan Consume...
Mark as Played
The European Central Bank held its benchmark rate unchanged at 4 percent, despite surging inflation and a stronger euro. Earlier, The Bank of England cut its key rate by a quarter of a point to 5.5 percent, worried about a slowing economy.

The Labor Department reported that applications for jobless benefits dipped by 15,000 last week to a total of 338,000. The decline was the largest since the level of claims had dipped by 22,000 i...
Mark as Played
Congressional aides say the Bush administration has hammered out an agreement with industry to freeze interest rates for certain subprime mortgages for five years in an effort to combat a soaring tide of foreclosures.

The Mortgage Bankers Association's index of applications to buy a home or refinance a loan increased 22.5 percent to 791.8, the highest level since July 2005.

Productivity in the non-farm business sector increased at a...
Mark as Played
According to a survey from the International Council of Shopping Centers and UBS Securities, chain-store sales for the week ended Dec. 1st rose 3.1% from the year-ago period. On a week-over-week basis, sales dropped 2%.

Oil prices rose a bit today as investors placed bets on whether OPEC oil ministers would increase production during a meeting later this week. High prices were supported by comments from Iranian President Mahmoud Ah...
Mark as Played
U.S. manufacturing expanded in November as new orders and production improved, but the pace of growth was a touch weaker than the prior month. The Institute for Supply Management reported that its manufacturing index registered 50.8 last month, down from 50.9 in October.

If you've got a 7% adjustable mortgage that's about to skyrocket past 10%, getting a break may get a lot easier. One solution to the foreclosure problem gaining tr...
Mark as Played
According to the Chicago purchasing managers' index, most firms in the Chicago region were growing in November. The index improved to 52.9% in November from 49.7% in October.

The Commerce Department reported that consumer spending edged up 0.2 percent in October, the weakest showing since a similar increase in June. Individual incomes grew by just 0.2 percent last month, the poorest showing in six months. A gauge of core inflation ...
Mark as Played
A Department of Commerce report showed that new home sales rose 1.7 percent, but lower than expected, to an annual rate of 728,000 units in October from a revised 716,000 unit rate in the previous month. Economists had expected sales to come in at 750,000.

The Labor Department reported that new applications filed for unemployment insurance rose by a seasonally adjusted 23,000 to 352,000. It was the highest level since Feb. 10th.

The ...
Mark as Played
Prices of existing U.S. single-family homes slumped 4.5 percent in the third quarter from a year earlier, matching a record decline from the previous period as the housing downturn deepened.

Consumer confidence dropped to the lowest in two years in November as Americans struggled with surging fuel costs and falling home prices, economists project reports today will show. The consumer confidence index fell to 87.3 from 95.2, well bel...
Mark as Played
According to a UBS poll, investor optimism about the outlook for U.S. financial markets fell this month to the lowest since September 2005 after concern grew that the world's biggest economy is headed into a recession. The Index of Investor Optimism dropped to 44 in November from 70 last month.

The Federal Reserve Bank of New York announced it will conduct a series of term repurchase agreements that will extend into the New Year "in...
Mark as Played
Slower growth for the economy may be on the horizon, continuing after the holidays, the Conference Board said, reporting that a gauge of future economic growth fell 0.5% in October. Only three of the 10 leading economic indicators rose in October, with the largest positive contribution from stock prices.

First-time seasonally adjusted claims for state unemployment benefits fell in the latest week. The number of initial claims in the...
Mark as Played
The Commerce Department reported that housing construction rose by 3 percent in October, the first increase after three months of declines and the biggest advance since a 6 percent rise last February. Applications for building permits fell for the fifth straight month in October.

According to the eighth annual holiday-spending survey by the Consumer Federation of America and the Credit Union National Association, the highest percent...
Mark as Played
The painful collapse of the housing market along with the credit crunch will weigh down economic growth in the final three months of this year and cause economic activity to lag in 2008. The latest look-ahead from the National Association for Business Economics says the gross domestic product is on track to expand at just a 1.5 percent pace from October through December.

Oil prices increased with more talk among OPEC members about ...
Mark as Played
The consumer price index increased 0.3% in October, driven by a 1.4% gain in energy prices. This was the fastest increase in energy prices since May. Food prices rose 0.3%. The core CPI, which excludes food and energy costs, was up 0.2% in October.

The number of initial claims in the week ending Nov 10 rose 20,000 to 339,000. It's the highest level since the week ended Oct. 13.

OPEC said it sees a modest downturn in the U.S. econom...
Mark as Played
The Federal Open Market Committee announced that it's taking a series of steps to give the public a greater understanding of the basis for its interest-rate decisions. In a statement, the FOMC -- charged with formulating U.S. monetary policy -- said it would provide more-timely information about the evolving outlook by releasing its economic projections four times each year, rather than twice as done previously.

U.S. businesses bu...
Mark as Played
Japan's central bank kept its benchmark interest rate unchanged at 0.5 percent after a two-day meeting policy meeting amid deepening concerns about slower growth in the U.S. economy.

The International Energy Agency said it sees strong indications that high prices are depressing demand, which, together with signs of higher output from Saudi Arabia, Iraq and Nigeria, have capped further price gains. "There are signs that super high c...
Mark as Played
Oil prices fell more than $1 a barrel in Asia after reports that the oil exporter group OPEC would discuss increasing its output at an upcoming meeting in a bid to cool record crude prices. The next OPEC meeting is scheduled for December 5th in Abu Dhabi.

China's trade surplus jumped to a new all-time monthly high in October, despite government pledges to restrain export growth and adding to pressure for action on trade barrier...
Mark as Played
A surge in exports in September helped push the U.S. trade deficit down to $56.5 billion, the lowest in more than two years. U.S. exports rose 1.1% to a record $140.1 billion on record shipments of capital goods, industrial materials and foods. Imports into the United States increased 0.6% to $196.6 billion, the second highest ever. The weaker U.S. dollar has been boosting exports, especially in the past three months.

According t...
Mark as Played
Federal Reserve Chairman Ben Bernanke, warning that higher inflation and weaker economic growth could be in store, told Congress that the central bank is keeping a close eye on the subprime mortgage crisis and recent spike in oil prices. But Bernanke also downplayed fears of a recession, saying that the Fed expected the economy to grow next year, albeit at a more moderate pace than in recent quarters.

The Labor Department reported ...
Mark as Played
The productivity of the U.S. non-farm workplace jumped at an annual rate of 4.9% in the third quarter, the fastest growth in four years. Unit labor costs, a key gauge of inflationary pressures from wages, fell at an annual rate of 0.2% in the period between July and September, the lowest in a year.

Oil prices stalled in their climb toward $100 a barrel after a government report said oil inventories fell less than expected last wee...
Mark as Played
The International Council of Shopping Centers-UBS Retail Chain Store Sales Index increased by 1.0% in the week ended November 3rd. On the year, chain store sales were up 2.4%.

Former U.S. Federal Reserve Chairman Alan Greenspan said that cutting excess home inventories in the United States is the key to stabilizing the financial system at home and the rest of the world. Greenspan urged central banks to avoid suppressing asset bubbl...
Mark as Played

Popular Podcasts

    If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.

    Dateline NBC

    Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com

    The Bobby Bones Show

    Listen to 'The Bobby Bones Show' by downloading the daily full replay.

    The Joe Rogan Experience

    The official podcast of comedian Joe Rogan.

    Betrayal: Weekly

    Betrayal Weekly is back for a brand new season. Every Thursday, Betrayal Weekly shares first-hand accounts of broken trust, shocking deceptions, and the trail of destruction they leave behind. Hosted by Andrea Gunning, this weekly ongoing series digs into real-life stories of betrayal and the aftermath. From stories of double lives to dark discoveries, these are cautionary tales and accounts of resilience against all odds. From the producers of the critically acclaimed Betrayal series, Betrayal Weekly drops new episodes every Thursday. Please join our Substack for additional exclusive content, curated book recommendations and community discussions. Sign up FREE by clicking this link Beyond Betrayal Substack. Join our community dedicated to truth, resilience and healing. Your voice matters! Be a part of our Betrayal journey on Substack. And make sure to check out Seasons 1-4 of Betrayal, along with Betrayal Weekly Season 1.

Advertise With Us
Music, radio and podcasts, all free. Listen online or download the iHeart App.

Connect

© 2025 iHeartMedia, Inc.