Wholesale inventories climb 0.2% in October, as expected

Summary

CNBC's Rick Santelli reviews October wholesale inventories data, which rose 0.2% as expected, while wholesale sales fell 0.4%. He says the latest economic data were mostly solidly positive, including fewer announced layoffs, lower unit labor costs, productivity, an improved trade balance, and well-behaved jobless claims. No specific investment recommendation or tradable expression is stated.

• October wholesale inventories rose 0.2%, in line with expectations.
• October wholesale sales fell 0.4%, weaker than expected and the weakest since May.
• Santelli notes inventory builds have been solid, with January possibly tied to tariff front-running.
• Other economic data points were described as solidly positive.
• Announced layoffs fell, unit labor costs dropped, and productivity was solid.
• The trade balance nearly halved and jobless claims were well behaved.
• No security, sector, asset, or index trade idea was explicitly named.