Thursday, June 02, 2005

Quick Overview

  • Orders placed with factories rose 0.9% in April, the Commerce Department reported Thursday.

  • The Department of Labor said that U.S. productivity increased at an annual rate of 2.9% in the first quarter of 2005. Labor costs increased at an annual rate of 3.3%.

  • The DoE said that crude oil supplies were up 1.4 million barrels last week to 333.8 million barrels. Unleaded supplies were up 1.3 million barrels and distillates were up 700,000 barrels. Refinery utilization jumped from 94.6% to 96.2% of capacity last week.
    The DOE also said that natural gas supplies were up 86 billion cubic feet last week to 1.778 trillion cubic feet. Current supplies are up 15% from a year ago.

  • The World Gold Council said that world gold demand totaled 977 tons in the first quarter of 2005, up 26% YoY. YoY, Jewelry demand was up 19%.

  • Playmate of the Month,
    Jamie Westenhiser, says she is abandoning a promising career as a model in order to "take up real estate investing." ( bells ringing?)

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