U.S. April Retail Sales Plunge a Record 16.4%

The video discusses the significant decline in advanced sales, with a 16.4% drop, exceeding economists' predictions. Despite some minor improvements in Empire manufacturing, the overall economic data is bleak, with sectors like motor vehicles and furniture experiencing substantial declines. The market reacts negatively, with S&P futures dropping and bond markets seeing increased activity. The video concludes with a cautious outlook, noting potential signs of stabilization but emphasizing the need for more data.

What was the actual decline in advanced sales compared to the economists' prediction?

• 12%

• 18%

• 16.4%

• 10%

How did the market react to the bad news according to the transcript?

• The bond market saw a decrease

• S&P futures dropped by 32 points

• S&P futures rose by 32 points

• There was no change in the bond market

Which sector experienced a decline of 11.6%?

• Furniture stores

• Motor vehicles and parts

• Food and beverage stores

• Clothing and accessories

Which area saw a growth of 12.7%?

• Food and beverage stores

• Clothing and accessories

• Furniture stores

• Gasoline

What does the Empire manufacturing survey suggest about business conditions?

• Business conditions worsened significantly

• There was no change in business conditions

• A minor improvement in business conditions

• Business conditions improved drastically