“I think if you look at those brands’ image, I think you would look at an SUV — especially a Lamborghini — as almost a sell-out move. I don’t think that is the case anymore,” Jeff Schuster, senior vice president at LMC Automotive in Detroit. “There is some risk to the purist, who can only see one view of the brand. But as long as they don’t move too far out of who they are, a lineup can include an SUV in these brands. I wouldn’t have said that five years ago.”
“This is a very solid report,” said Ian Shepherdson, chief economist at Pantheon Macroeconomics. “The manufacturing upswing continues.”
Home building was up 0.4 percent, with strength in single-family construction offsetting a drop in apartment building. Nonresidential construction rose 0.9 percent after four straight declines. Spending on government projects jumped 3.9 percent, the biggest one-month gain in three years, with spending at the federal and state and local levels all showing increases.
“Macy’s has had a great start to this holiday season with high customer volume across our business,” said John Harper, Macy’s chief store officer, in a statement. “We are excited to be further expanding our seasonal workforce.”
“South Australia is now leading the world in dispatchable renewable energy, delivered to homes and businesses 24/7,” Weatherill said.
THE NUMBERS: Weekly applications for unemployment aid slipped 2,000 to a seasonally adjusted 238,000, the Labor Department said Thursday. That’s near a four-decade low that was reached last month. The four-week average, a less volatile measure, increased 2,250 to 242,250.
The October increase in consumer spending followed a much larger 0.9 percent rise in September, the Labor Department reported Thursday. The September climb had been the biggest in eight years. The rise in incomes last month matched the September result, with both months showing the best performance since February.
“My preference is to go for a 9-month extension,” Khalid Al-Falih of Saudi Arabia told reporters, while Bijan Namdar Zanganeh, his Iranian counterpart, said the meeting will “reach agreement about rolling over” the supply cuts.
“On the surface, it looked like you covered this up,” Alsup scolded Padilla. “For reasons that, to me, are somehow inexplicable.”