Saturday, December 04, 2010

Schedule for Week of December 5th

by Bill McBride on 12/04/2010 08:45:00 PM

A light week for economic releases. The trade report on Friday is probably the key release ...

Note: Employment posts yesterday:
November Employment Report: 39,000 Jobs, 9.8% Unemployment Rate
Employment Summary and Part Time Workers, Unemployed over 26 Weeks
Seasonal Retail Hiring: Retailers remain cautious
Graphics Gallery for Employment

----- Sunday, Dec 5th -----

7:00 PM: Fed Chairman Bernanke discusses the economy on CBS 60 Minutes. This interview took place on November 30th.

----- Monday, Dec 6th -----

1:15 PM Richmond Fed President Jeffrey Lacker speaks at Charlotte Chamber of Commerce's "Annual Economic Outlook Conference."

----- Tuesday, Dec 7th -----

9:00 AM ET: Ceridian-UCLA Pulse of Commerce Index™ This is the diesel fuel index for November (a measure of transportation).

10:00 AM: Job Openings and Labor Turnover Survey for October from the BLS. This report has been showing a general increase in job openings, but very little turnover in the labor market.

3:00 PM: Consumer Credit for October. The consensus is for a $1 billion decline in consumer credit.

----- Wednesday, Dec 8th -----

7:00 AM: The Mortgage Bankers Association (MBA) will release the mortgage purchase applications index. This index declined sharply following the expiration of the tax credit, and the index has only recovered slightly recently.

----- Thursday, Dec 9th -----

8:30 AM: The initial weekly unemployment claims report will be released. The number of initial claims has been trending down over the last several weeks. The consensus is for a decrease to 425,000 from 436,000 last week (still high, but lower than earlier this year).

10:00 AM: Monthly Wholesale Trade: Sales and Inventories for October. The consensus is 0.9% increase in inventories.

12:00 PM: Q3 Flow of Funds Accounts from the Federal Reserve.

----- Friday, Dec 10th -----

8:30 AM: Trade Balance report for October from the Census Bureau. The consensus is for the U.S. trade deficit to be around $44 billion, the same level as in September.

9:55 AM: Reuters/University of Mich Consumer Sentiment preliminary for December. The consensus is for a slight increase to 72.5 from 71.6 in November.

After 4:00 PM: The FDIC might have a busy Friday afternoon ...