The economy created 156,000 new jobs in September, another solid gain in employment that’s likely to prod the Federal Reserve to raise interest rates in the next few months.
The Labor Department’s job openings and labor turnover survey showed 5.87 million openings, hires increased to 5.23 million from 5.17 million in June.
Orders for goods produced in U.S. factories rose 1.9% in July
Some new issues for June in the news …
Wells Fargo and Company
Ares Management, L.P.
Pebblebrook Hotel Trust
Mitcham Industries, Inc.
Validus Holdings, Ltd.
In the news …
The Supreme Court has struck down a Puerto Rican law that would have allowed the U.S. territory’s public utilities to restructure their debt. The 5-2 ruling leaves management of the island’s fiscal crisis to Congress.
A sample offering …
RIVERSIDE CNTY CA PUBLIC FIN AUTH OID REF-PROJ AREA #1-DESERT CMNTYS & INTERSTATE 215 CORRIDO TAX ALLOCATION UNDERLYING S&P A
Insurance: Build America Mutual Interest Rate: 3.00%
Call Features: 10/1/2025 @ 100
Yield to Call: 3.00%
Yield to Maturity: 3.00%
Comments: Federally Tax Free
Not Subject to AMT
In the news …
Preferred stock offering from Public Storage.
Jeffrey Gundlach is out with negative comments on utilities. Over priced with slow or stagnant dividend growth. He is reported to be recommending mReits.
In the news is a new issue from
Sunstone Hotel Investors, Inc (NYSE:SHO)
DuPont Fabros Technology, Inc. (NYSE:DFT)