Weather Forecast: Today, Tonight, Tomorrow, Next Day, Five Days, for the U.S. and the World with links for longer-term forecasts: posted January 26, 2023

January 26, 2023Posted inweatherNo Comments

Updated at 7:46 Thursday, January 26, 2023

Here is what we are paying attention to in the next 48 to 72 hours. This article also includes World weather forecasts.

It also includes links for longer-term outlooks and sometimes we show the maps that one finds if one clicks on those links. But we can not update all of those maps each day so look at the date and the duration of the period of time involved. If you want a more up-to-date map, click on the provided link which may be located in a table of links. If the date in the title of the article is not today’s date. just go to Econcurrents.com and look for today’s weather article.

We start with the U.S. Information.

Short Range Forecast Discussion
NWS Weather Prediction Center College Park MD
107 PM EST Thu Jan 26 2023

Valid 00Z Fri Jan 27 2023 – 00Z Sun Jan 29 2023

…Effects from recent strong eastern storm to continue to wane Thursday
night into early Friday…

…Arctic air to surge south into the Northern Plains/Upper Mississippi
Valley Friday into Saturday with dangerous wind chill readings likely by
this weekend…

…Heavy snows likely through the Northern Rockies and in the lee of the
Northern Rockies from Thursday night into Saturday…

25Jan2023 Market Close & Major Financial Headlines: Wall Street Closes Down Fractionally As Investors Worry About Earnings

January 25, 2023Posted inmarketsNo Comments

Summary Of the Markets Today:

  • The Dow closed down 10 points or 0.03%,
  • Nasdaq closed down 0.18%,
  • S&P 500 closed down 0.02%,
  • Gold $1947 up $11.20,
  • WTI crude oil settled at $81 up $0.43,
  • 10-year U.S. Treasury 3.451% down 0.014 points,
  • USD $101.67 down $0.25,
  • Bitcoin $22,946 up $303 – Session Low 22,398

*Stock data, cryptocurrency, and commodity prices at the market closing.

Click here to read our Economic Forecast for January 2023

Today’s Economic Releases:

From March 2022 to June 2022, gross job gains from opening and expanding private-sector establishments were 8.3 million, a decrease of 185,000 jobs from the previous quarter according to BLS data issued today. Over this period, gross job losses from closing and contracting private-sector establishments were 8.5 million, an increase of 1.6 million jobs from the previous quarter. The difference between the number of gross job gains and the number of gross job losses yielded a net employment loss of 287,000 jobs in the private sector during the second quarter of 2022. (See chart 1)  Too bad this new data is so old – so it is hard to use this to figure out the future.

The Corporate Bond Market Distress Index (CMDI) shows that the corporate bond market functioning appears healthy, with the overall market-level CMDI around its historical 30th percentile. Market functioning in the investment-grade segment continued to improve in January and is now below its historical 75th percentile.

A summary of headlines we are reading today:

  • Europe’s Energy Crisis Leaves Almost All Of Pakistan Without Power
  • Russia Races To Ramp Up Arms Production, Even If It Cripples Its Economy
  • Inflation is cooling, but prices on many items are going to stay high for months
  • Boeing posts quarterly loss as labor and supply strains overshadow increase in jet demand
  • Wind Turbines Are Burning, Collapsing in Green Energy Setback
  • Tesla Earnings Preview: Focus Is On Margins And Guidance
  • Only 14% Of Americans Agree With Amnesty For Illegals; New Poll Finds
  • Amazon strikes: Workers claim their toilet breaks are timed
  • Earnings Results: Kimberly-Clark CEO says ‘mind-blowing’ news in the ‘poop’ category is coming in the second half
  • More than 59,000 global tech-sector employees have lost jobs in 2023: layoff-data tracker

These and other headlines and news summaries moving the markets today are included below.

Weather Forecast: Today, Tonight, Tomorrow, Next Day, Five Days, for the U.S. and the World with links for longer-term forecasts: posted January 25, 2023

January 25, 2023Posted inweatherNo Comments

Updated at 3:54 p.m. Wednesday January 25, 2023

Here is what we are paying attention to in the next 48 to 72 hours. This article also includes World weather forecasts.

It also includes links for longer-term outlooks and sometimes we show the maps that one finds if one clicks on those links. But we can not update all of those maps each day so look at the date and the duration of the period of time involved. If you want a more up-to-date map, click on the provided link which may be located in a table of links. If the date in the title of the article is not today’s date. just go to Econcurrents.com and look for today’s weather article.

We start with the U.S. Information.

Short Range Forecast Discussion
NWS Weather Prediction Center College Park MD
211 PM EST Wed Jan 25 2023

Valid 00Z Thu Jan 26 2023 – 00Z Sat Jan 28 2023

…Impactful storm affecting the Northeast U.S., southward along the east
coast Wednesday night into early Thursday…

…Active Lake effect snows downwind of the Great Lakes on Thursday and
again late Friday across the Upper Lakes…

…Arctic air to surge south into the Northern Plains/Upper Mississippi
Valley on Friday…

Did John Adams say it, really?

Did John Adams say it, really?

January 25, 2023Posted inopinionNo Comments

Yes, he did, verbatim!

I have been using this quote frequently in my writings, and have encountered three major situations as follows:

  • Most Americans are unaware of this quote.
  • Some jumped to correction from “Lye” to “lie”.
  • Some argued about its “context.”

Let me elaborate on each …

24Jan2023 Market Close & Major Financial Headlines: Dow Marks Third Session In Closing Higher, Wall Street Closes Mixed

January 24, 2023Posted inmarketsNo Comments

Summary Of the Markets Today:

  • The Dow closed up 104 points or 0.31%,
  • Nasdaq closed down 0.27%,
  • S&P 500 closed down 0.07%,
  • Gold $1939 up $9.80,
  • WTI crude oil settled at $80 down $1.55,
  • 10-year U.S. Treasury 3.458% down 0.065,
  • USD $101.95 down $0.18,
  • Bitcoin $23,018 up $15 – Session Low 22,783

*Stock data, cryptocurrency, and commodity prices at the market closing.

Click here to read our Economic Forecast for January 2023

Today’s Economic Releases:

Richmond Fed manufacturing firms reported some deterioration in business conditions in January. The composite manufacturing index fell noticeably into negative territory, decreasing from 1 in December to −11 in January. Each of its three component indexes: shipments, new orders, and employment declined, with the index for new orders plummeting from −4 to −24 in January. Alongside a slightly negative employment index, the wage index increased from 37 to 41 in January. Most regional Fed manufacturing indices are in negative territory implying manufacturing activity in the U.S. is declining.

The December 2022 Institute for Supply Management (ISM) Manufacturing PMI registered 48.4 percent, 0.6 percentage points lower than the 49 percent recorded in November. Regarding the overall economy, this figure indicates contraction after 30 straight months of expansion. The Manufacturing PMI figure is the lowest since May 2020, when it registered 43.5 percent. The New Orders Index remained in contraction territory at 45.2 percent, 2 percentage points lower than the 47.2 percent recorded in November. The Production Index reading of 48.5 percent is a 3-percentage point decrease compared to November’s figure of 51.5 percent. The Prices Index registered 39.4 percent, down 3.6 percentage points compared to the November figure of 43 percent; this is the index’s lowest reading since April 2020 (35.3 percent).

A summary of headlines we are reading today:

  • The Worlds Largest Metals Market May Never Return To Its Former Glory
  • Germanys Electricity Subsidies Will Cost More Than $18 Billion Through May
  • The Energy Crisis Is Fueling A Nuclear Energy Renaissance
  • Walmart raises minimum wage as retail labor market remains tight
  • Oscar nominations: ‘Everything Everywhere All at Once,’ ‘Top Gun: Maverick’ among leaders
  • US Gasoline Prices Continue To Rise
  • Jeremy Grantham Doubles Down On Market Apocalypse, Warns Of 17% Crash, Doesn’t Rule Out “Brutal Decline” To 2,000
  • US stocks open lower as earnings roll in, chipmakers retreat
  • Earnings Results: Raytheon’s profit more than doubles as Ukraine war boosts defense budgets

These and other headlines and news summaries moving the markets today are included below.

Weather Forecast: Today, Tonight, Tomorrow, Next Day, Five Days, 10 Days for the U.S. with some maps for the World posted January 24, 2023

January 24, 2023Posted inweatherNo Comments

Updated at 3:22 p.m. EST Tuesday January 24, 2023

Here is what we are paying attention to in the next 48 to 72 hours. This article also includes World weather forecasts.

It also includes links for longer-term outlooks and sometimes we show the maps that one finds if one clicks on those links. But we can not update all of those maps each day so look at the date and the duration of the period of time involved. If you want a more up-to-date map, click on the provided link which may be located in a table of links. If the date in the title of the article is not today’s date. just go to Econcurrents.com and look for today’s weather article.

We start with the U.S. Information.

Short Range Forecast Discussion
NWS Weather Prediction Center College Park MD
205 PM EST Tue Jan 24 2023

Valid 00Z Wed Jan 25 2023 – 00Z Fri Jan 27 2023

…Developing storm to have widespread impacts over the next few days
across large areas to the east of the Mississippi River…

…Much more tranquil weather on tap for the western half of the nation…

23Jan2023 Market Close & Major Financial Headlines: Wall Street Marks Second Session In Closing Higher

January 23, 2023Posted inmarketsNo Comments

Summary Of the Markets Today:

  • The Dow closed up 254 points or 0.76%,
  • Nasdaq closed up 2.01%,
  • S&P 500 up 1.19%,
  • Gold $1932 up $3.80,
  • WTI crude oil settled at $82 up $0.05,
  • 10-year U.S. Treasury 3.528% up 0.042 points,
  • USD $102.08 down $0.07,
  • Bitcoin $22,961 up $246

*Stock data, cryptocurrency, and commodity prices at the market closing.

Click here to read our Economic Forecast for January 2023

Today’s Economic Releases:

The Conference Board LEI for the U.S. decreased for the tenth consecutive month in December. The majority of the LEI’s components contributed negatively and drove the index down. In the six-month period ending in December 2022 the leading economic index decreased 4.2% (about an 8.2% annual rate), faster than the decline of 1.9% (about a 3.7% annual rate) during the previous six months. Is a recession coming? – historically, a decline this rapid has resulted in a recession.

Median weekly earnings of the nation’s 118.8 million full-time wage and salary workers were $1,085 in the fourth quarter of 2022 (not seasonally adjusted). This was 7.4% higher than a year earlier, compared with a gain of 7.1% in the Consumer Price Index for All Urban Consumers (CPI-U) over the same period. According to an analysis in today’s Wall Street Journal, black workers, young workers and people on the bottom of the income scale were among those who saw the largest pay increases last year, when employers were readily handing out raises in a tight labor market and high inflation environment.

A summary of headlines we are reading today:

  • U.S. Gasoline Prices Continue To Climb
  • Extremely Tight Market Could Push Copper Prices To Record Highs
  • Baker Hughes Q4 Profit Lags Estimates On Supply Chain Issues
  • GM, LG end plans for fourth U.S. battery cell plant as automaker seeks new partner
  • Existing home sales fell for the 11th consecutive month in December, hitting the slowest pace since November 2010
  • M&M’s pulls ‘spokescandies’ amid right-wing outrage, before Super Bowl ad starring Maya Rudolph
  • IRS Says Tax Filing Season Starts Today: Here’s What To Expect
  • US stocks edge up ahead of busy earnings week, Salesforce rises

These and other headlines and news summaries moving the markets today are included below.

Weather Forecast: Today, Tonight, Tomorrow, Next Day, Five Days, 10 Days for the U.S. with some maps for the World posted January 23, 2023

January 23, 2023Posted inweatherNo Comments

Updated at 3:40 p.m. EST Monday, January 23, 2023

Here is what we are paying attention to in the next 48 to 72 hours. This article also includes World weather forecasts.

It also includes links for longer-term outlooks and sometimes we show the maps that one finds if one clicks on those links. But we can not update all of those maps each day so look at the date and the duration of the period of time involved. If you want a more up-to-date map, click on the provided link which may be located in a table of links. If the date in the title of the article is not today’s date. just go to Econcurrents.com and look for today’s weather article.

We start with the U.S. Information.

Short Range Forecast Discussion
NWS Weather Prediction Center College Park MD
200 PM EST Mon Jan 23 2023

Valid 00Z Tue Jan 24 2023 - 00Z Thu Jan 26 2023

...New storm system over the South expected to bring heavy snow to
portions of the southern High Plains, middle Mississippi Valley, Ohio
Valley, Great Lakes and Northeast through midweek...

...Strong to severe thunderstorms and a threat of flash flooding can be
expected across portions of the Gulf Coast states and lower Mississippi
Valley Tuesday through early Wednesday...

Weather Forecast: Today, Tonight, Tomorrow, Next Day, Five Days, 10 Days for the U.S. with some maps for the World posted January 22, 2023

January 22, 2023Posted inweatherNo Comments

Updated at 3:47 p.m. EST Sunday January 22, 2023

Here is what we are paying attention to in the next 48 to 72 hours. This article also includes World weather forecasts.

It also includes links for longer-term outlooks and sometimes we show the maps that one finds if one clicks on those links. But we can not update all of those maps each day so look at the date and the duration of the period of time involved. If you want a more up-to-date map, click on the provided link which may be located in a table of links. NOAA makes it difficult for us to have maps that auto-update. We are trying to make it convenient for readers but NOAA wants us to steer traffic to a large number of their websites which would make it very difficult for readers.

We start with the U.S. Information.

Short Range Forecast Discussion
NWS Weather Prediction Center College Park MD
242 PM EST Sun Jan 22 2023

Valid 00Z Mon Jan 23 2023 – 00Z Wed Jan 25 2023

…Heavy snow over parts of Northeast…

…There is a Marginal Risk of severe thunderstorms and excessive rainfall
over parts of the Eastern Gulf Coast and Southeast…

…Pockets of rain/freezing rain over parts of the Central Appalachians
and Northeast…