Retail sales decline in January
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 15 February 2024
⏱️ 1 minutes
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Summary
Stocks rise; retail sales post biggest decline in 10 months; number of striking workers more than doubles in 2023; import prices rise.
Transcript
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| 0:00.0 | This is the Marketplace Minute. I'm Justin Ho. Stocks closed up on Thursday. The Dow |
| 0:07.8 | gained 9 tenths percent, the S&P rose six tenth percent, and the NASDAQ added three tenth percent. Retail sales fell in |
| 0:15.9 | January down eight tenth percent according to the Commerce Department that's |
| 0:19.7 | the biggest decline in ten months sales Sales of vehicles, electronics, and building materials all fell. |
| 0:26.0 | The number of striking workers more than doubled last year from the year before. |
| 0:30.0 | That's according to Cornell University, over half of those workers were involved in high-profile strikes against Hollywood, Kaiser |
| 0:36.8 | Permanente, and the three Detroit automakers. |
| 0:39.8 | But a big chunk of those workers were involved in strikes against smaller employers, most of them against restaurants. |
| 0:45.8 | The price of imported goods rose almost 1% in January. |
| 0:49.2 | That's according to the Labor Department. |
| 0:51.2 | Imported consumer goods got more expensive, along with fuel, industrial supplies, and food. |
| 0:56.6 | I'm Justin Ho with the Marketplace Minute. You're going to. |
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