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Marketplace All-in-One

Retail sales decline in January

Marketplace All-in-One

Marketplace

Business, News

4.51.4K Ratings

🗓️ 15 February 2024

⏱️ 1 minutes

🧾️ Download transcript

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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