For some amusement, Jon Hilsenrath at the WSJ lists several of Fed Chairman Ben Bernanke's jokes today: Funnyman Ben Bernanke? You’ve Got to Be Kidding
A dozen years ago I was minding my own business teaching Economics 101 in Alexander Hall and trying to think of good excuses for avoiding faculty meetings. Then I got a phone call ...From CNBC: Pre-Market Data and Bloomberg futures: the early S&P futures are up slightly and DOW futures are up 35 (fair value).
Oil prices have moved down recently with WTI futures at $91.42 per barrel and Brent at $99.94 per barrel.
• Schedule for Week of June 2nd
Monday economic releases:
• At 9:00 AM ET, the Markit US PMI Manufacturing Index for May. The consensus is for the index to be unchanged at 52.1.
• At 10:00 AM, ISM Manufacturing Index for May will be released. The consensus is for an increase to 51.0 from 50.7 in April. Based on the regional surveys, a reading at or below 50 is possible.
• Also at 10:00 AM, the Census Bureau will release Construction Spending for April. The consensus is for a 1.0% increase in construction spending.
• All day: Light vehicle sales for May. The consensus is for light vehicle sales to increase to 15.2 million SAAR in May (Seasonally Adjusted Annual Rate) from 14.9 million SAAR in April.