Thursday, January 15, 2009
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We’ve been kicked around by him, but we won’t have him to kick around anymore. Outgoing President George W. Bush takes over prime-time real estate to address the nation at 8 p.m. ET. (CSI fans, don’t worry, you’ll get your full episode immediately afterward.) For windy discursions that have something to do with the country’s future, and not its recent past, tune in on Thursday morning to Senate banking committee confirmation hearings for SEC Chairwoman-designate Mary Schapiro (our Big Money contributor says “no way” to her), a new Federal Reserve board member, and members of the Council of Economic Advisers.
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Are prices going up or down? What consumers pay is often dictated by the costs producers face. Numbers on the producer price index, inflation for manufacturers, come out Thursday morning. Also released are new weekly unemployment claims.
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Two bellwether companies announce quarterly earnings on Thursday. JPMorgan announces at 7:45 a.m. ET, and Intel follows after the markets close.
[4]
Outgoing President Bush isn’t just giving valedictories; he’s handing over nuclear secrets to the Arabs! Well, not the wrong kind of nuclear secrets. The United States and the United Arab Emirates are reportedly set to sign a nuclear cooperation deal on Thursday. It’s for power, not bombs. And those hapless inspectors will be welcome to visit whatever fruits come from the deal.
[5]
The New York Yankees have been throwing around many millions, but their biggest coup has come at taxpayer expense. State Assembly hearings about the cost of the new Yankee stadium project take place on Thursday.
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