Tuesday, July 22, 2008

Quick Overview

  • Richmond Federal Reserve regional index of manufacturing fell from -12 to -16 in July

  • Canada’s retail sales rose 0.4% in May

  • The USDA said there were 75.4 million pounds of frozen bellies in storage in June - up 60% YoY. Frozen pork rose 11% YoY.

  • USDA said there were 1.515 billion pounds of frozen orange juice in inventory - up 67% YoY.

  • (Reuters) - Wachovia Corp and Washington Mutual Inc led several large U.S. banks in posting weak second-quarter results on Tuesday, hurt by soaring losses from mortgages and other debt.

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