Unemployment Claims Well Below Consensus -- March 28, 2019, T+85, Part 3

Re-posting -- first time unemployment claims well below consensus and prior week claims revised strongly downward. Headlines anywhere? Nope.

Wow, this is incredible data being post today:

Jobless claims, link here:

• prior: 221K
• revised down: 216K
• consensus: 225K 
• actual: 211K

4Q18 GDP: revised down, corporate profits failed to rise for the first time in more than two years. 4Q18 GDP at 2.2% -- and, of course, about that time Jerome Powell raised the fed rate on concerns that the economy was overheating. But then this: if there is no recession in first and second quarters of 2019, the "expansion" will be the longest on record. I guess that "official milestone" will be set July, 2019. I'm not sure if the linked Reuters article is an op-ed or a news article, but it did include this:

For all of 2018, the economy grew 2.9 percent as previously reported, despite the White House's fiscal stimulus of $1.5 trillion in tax cuts and more government spending. Growth last year was the strongest since 2015 and was an acceleration from the 2.2 percent logged in 2017.

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MasterCard EVP: Apple Card is unique for being "digital-first." Link here. 

• new Apple Card: co-partner -- MasterCard
• apply for the card on a mobile app; will immediately get "electronic" card; no waiting for physical card
• titanium metal, not plastic
• no number or expiring date and no name on the card
• brand mark of Apple and brand mark of MasterCard
• syncs with iPhone to analyze spending
• daily cash rewards
• built into Apple Wallet app
• no fees
• tokenization: each transaction has its own code; no longer uses an account number to complete transaction
• point of sale: no contact required; card can be "tapped"on the terminal
• issued by Goldman Sachs
• MasterCard spokesman avoids answering question on interest rates, etc

The market in early morning trading? The Dow is up 100 points. Whoo-hoo! Watch list:

• XLNX: up $2.75, up 2.2%, trading at $128
• Tesla: up $3.78, up 1.4%; trading below $280
• UNP: up $2.00, up 1.2%; trading at $165
• AAPL: up 15 cents; trading at $188
• EOG: up 48 cents; trading at $95
• SRE: down 38 cents;
• D: down 62 cents
• OAS: up 5 cents, at $6.00
• BRK-B: up 14 cents, right at $200
• RDS-B: up 6 cents; just below $64
• EW: up $1.50, just below $190
• JAG: down eleven cents or about 1%
• COP: down 53 cents;
• CVX: up 34 cents;