July 15, 2019
State Chamber Update
An important driver of the Delaware business community, the banking sector, will report earnings this week. “There’s a lot of talk that Fed dovishness could be bad for banks. “That’s not what matters to banks. What matters to banks is the difference between the short end and the long end of the yield curve, said Gina Sanchez, CEO of Chantico Global on CNBC’s Trading Nation.” 

I always knew that bank profitability was measured, in part, by the price they pay for money, and how much they charge for long-term loans, but that’s only part of the story. Given the substantial footprint this industry has in our state, this story is worth a quick read. The story can be found by clicking here.
The spread between the 10-year Treasury note and 2-year has widened after closing in on an inversion earlier this year.
Of local interest, the National Association of Lieutenant Governors will meet in Wilmington this week. Look for an update from James DeChene in our Weekly Report email this Friday.

If you missed last Friday's email, we announced the new DSCC Daily - a one-stop page on our website where you can see all our messages in one place, plus member news, news we're following and other Chamber and business-related information. Visit www.dscc.com/daily to check it out and hit Ctrl+D to bookmark the page.
News You Can Use
This week is notable for the number of speeches to be made by federal reserve leaders: John Williams, Michelle Bowman, Rob Kaplan, Chairman Powell, Charles Evans, Raphael Bostic and Eric Rosengren. We’ll look for interesting news and insights from those remarks. In the meantime, retail sales for June will be released on Tuesday, while housing starts and building permit data for June will be made public on Wednesday. 
Michael J. Quaranta
Delaware State Chamber of Commerce
Assurance Media is a rapidly growing commercial technology company that creates custom premise security, audiovisual, and cabling solutions. They are a certified woman-owned enterprise. Principal Mark Stellini is a past Chairman of our Board of Directors.

Join us at their office this week on July 18 for a networking breakfast!
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