U.S. April Retail Sales Plunge a Record 16.4%

U.S. April Retail Sales Plunge a Record 16.4%

Assessment

Interactive Video

Business

University

Hard

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The video discusses the significant decline in advanced sales, with a 16.4% drop, exceeding economists' predictions. Despite some minor improvements in Empire manufacturing, the overall economic data is bleak, with sectors like motor vehicles and furniture experiencing substantial declines. The market reacts negatively, with S&P futures dropping and bond markets seeing increased activity. The video concludes with a cautious outlook, noting potential signs of stabilization but emphasizing the need for more data.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the actual decline in advanced sales compared to the economists' prediction?

12%

18%

16.4%

10%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did the market react to the bad news according to the transcript?

The bond market saw a decrease

S&P futures dropped by 32 points

S&P futures rose by 32 points

There was no change in the bond market

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which sector experienced a decline of 11.6%?

Furniture stores

Motor vehicles and parts

Food and beverage stores

Clothing and accessories

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which area saw a growth of 12.7%?

Food and beverage stores

Clothing and accessories

Furniture stores

Gasoline

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the Empire manufacturing survey suggest about business conditions?

Business conditions worsened significantly

There was no change in business conditions

A minor improvement in business conditions

Business conditions improved drastically