Biz Buzz: A daily update on economic and business news
Archive: A comprehensive listing of Biz Buzz columns
Last week, Federal Reserve Board Chairman Ben Bernanke indicated the
economy may be slowing sufficiently to alleviate inflation fears. This week,
Wall Street finds out how quickly this economy is decelerating, as several key
earnings reports are due out. And on Friday, the Commerce Department will
release a preliminary estimate of second-quarter economic growth.
Monday, July 24:
EARNINGS TO WATCH: American Express, BellSouth, Kraft Foods,
Merck, Netflix, Pitney Bowes, Schering-Plough, and Texas Instruments
Tuesday, July 25:
CONSUMER CONFIDENCE: The Conference Board will release the
latest results of its closely watched consumer confidence index.
EXISTING-HOME SALES: How quickly this economy cools may have
a lot to do with the housing market. This morning, the National Association of
Realtors will reveal the latest trends in sales of existing single-family
homes.
EARNINGS TO WATCH: 3M, Altria Group, Amazon.com, Ameriprise
Financial, AT&T, Countrywide Financial, DuPont, EnCana, JetBlue Airways,
McDonaldÃÂÃÂÃÂs, McGraw Hill, Schering, UPS, Weyerhaeuser, Whirlpool, Wrigley, and
Xerox
Wednesday, July 26:
EARNINGS TO WATCH: Anheuser-Busch, Black & Decker,
Boeing, ConocoPhillips, GlaxoSmithKline, Hess, and WellPoint
Thursday, July 27
NEW-HOME SALES: Today, the Commerce Department reports on
new-home sales for June. Since February, the median price of a new home sold
has fallen more than $15,000 to around $235,000.
EARNINGS TO WATCH: Aetna, Blockbuster, DaimlerChrysler, Dow
Chemical, Exxon Mobil, Harrah's Entertainment, Northrop Grumman, Sony, and US
Airways
Friday, July 28
ECONOMIC GROWTH: The Commerce Department will release its
preliminary analysis of gross domestic product for the second quarter.
CONSUMER SENTIMENT: Today, the University of Michigan
releases its analysis of consumer sentiment.
EARNINGS TO WATCH: Baker Hughes, Chevron, and Office Depot
