Tuesday, February 03, 2009
The first piece of monthly data to come in from American manufacturers is auto sales numbers. What will tip the balance—continuing low oil (and therefore gasoline) prices or a worsening recession and New Year’s resolutions that focus on scrimping?
It’s another busy day for earnings reports for major U.S.-based companies. On Tuesday we’ll hear from firms in a variety of sectors, including financial (Met Life, GMAC); services (UPS); entertainment (Electronic Arts, Disney); chemicals, pharmaceuticals, and petroleum (Dow, Merck, Marathon Oil); and consumer products (Motorola, Avon, ADM).
You’ve really got to keep an eye on Congress. Thought you’d let the House agriculture committee’s work escape notice, just once? Bad move. It’s the body that’s responsible for the Commodity Futures Trading Commission. The committee meets to review derivatives legislation at 1 p.m. ET on Tuesday.
After almost three months spent captive to outside forces, a once-mighty force from
Dedicated Big Money readers already know the power of a potent author brand. James Patterson released his umpteenth book on Monday, and scare-master Dean Koontz follows on Tuesday with Frankenstein: Prodigal Son, which is “adapted by” Chuck Dixon. (Danielle Steel returns to the shelves later this month with One Day at a Time.) Those who are looking for more purposeful, less diversionary reading may want to dive into this book, also being released on Tuesday.
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