Shopping-center landlords like Simon Property Group are pressing for states to levy sales taxes on online retailers like Amazon.com, in a bid to level the playing field.
Mall Owners Wage Taxing Fight vs. Online Retailers
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Category Archives: Trends
Next Week’s Tape: Jobs, Jobs, Jobs!
Economics/FedSpeak
Monday
- ISM non-manufacturing PMI for February. Economists expect 56.0, below the previous month’s 56.8 reading. Levels above 50 indicate the sector is expanding.
- Factory orders for January are expected down 1.6% compared to a 1.1% in the prior month.
- Fed officials Richard Fisher and Charles Evans are scheduled to speak.
Tuesday
- No major economic data on the calendar.
Wednesday
- ADP Jobs Survey. Economists expect 208,000 jobs were added last month, compared to 170,000 jobs a month earlier.
- Productivity (revised) for the fourth quarter. Consensus calls for a 0.8% gain compared to the previous 0.7% rise.
- Unit labor costs (revised) for the fourth quarter. Economists expect a 1.2% gain, the same as the earlier reading.
- Consumer Credit. Level of consumer credit outstanding is expected to increase to $12 billion in January compared to December’s $19.31 surge.
Thursday
- Jobless Claims. Economists expect 355,000 weekly claims were filed as opposed to 351,000 in the prior week.
Friday
- Nonfarm payrolls. Consensus expects 210,000 jobs were added in February, below the 243,000 jobs added in January. It would be the third consecutive month that hiring increases topped the 200,000 level.
- Unemployment rate expected to hold steady at 8.3%.
- Average hourly earnings seen rising 0.2% in February after increased 0.2% a month earlier.
- US trade deficit. Economists expect it held at $48.8 billion in January compared to the same level in the prior month.
- Wholesale inventories. Consensus sees inventories rising 0.6% in January after gaining 1.0% in December.
Earnings
Monday
ABM Industries
Casey General Stores
Giant Interactive
Perfect World
Quanex Building Products
VeriFone
Walgreen (monthly)
Tuesday
AeroVironment
Analogic
Dick’s Sporting Goods
Liberty Mutual
Pandora Media
Shuffle Master
Stage Stores
United Natural Foods
Vail Resorts
Wednesday
AFC Enterprises
American Eagle Outfitters
Bon-Ton Stores
Brown Shoe
Brown-Forman
Canadian Solar
Children’s Place
Ciena
Coldwater Creek
Express
Fresh Market
H&R Block
Hot Topic
Hovnanian
Korn/Ferry
Maidenform Brands
Men’s Wearhouse
Pall
Semtech
Sigma Designs
Stewart Enterprises
Thursday
A123 Systems
Aeropostale
Buckle
Comtech Telecom
Cooper Cos
Dynegy
Hi-Tech Pharmacal
Home Inns & Hotels
JinkoSolar
John Wiley & Sons
Kirkland’s
McDonald’s (monthly)
Navistar
Quiksilver
Renren
Rite-Aid (monthly)
Smith & Wesson
Smithfield Foods
Stein Mart
Suntech Power
Ulta Salon
Williams-Sonoma
WuXi PharmaTech
Zumiez
Friday
Ann
Citi Trends
Del Monte Foods
Hibbett Sports
Ex-Bond Highflier Is Warned by SEC
Alexander Rekeda, who led Japanese bank Mizuho Financial Group’s charge into the then-red-hot business of U.S. subprime debt in 2006, was warned by the SEC in October that he faces the potential charges.
Unrest Flares Ahead of Greek Vote
Simmering discontent among Greek politicians on Friday tested a deal reached just a day earlier to support austerity policies demanded by the government’s international creditors.
Professor’s Advice: It’s Best to Be Bored
David Snowball, creator of the Mutual Fund Observer website, says exciting investments can be hazardous. Among mutual funds, he suggests promising new offerings and overlooked gems.
Small-Caps, Dow Transports Leading Market Lower
In a repeat of yesterday’s action, small-cap stocks, transports are lagging the broader market.
Stocks aren’t down that much, with the Dow off just 50 points, or 0.4%, and the S&P 500 down 0.3% and the Nasdaq off 0.2%.
Stock investors are supposedly just now realizing that Italian bond yields are at 6.7%, according to some theories about why the market’s down today. Welcome to yesterday, if that’s the case.
The Russell 2000, meanwhile, is off 0.9%, and the Dow transports are down 1%.
Those two bellwether indexes ended yesterday in the red, bucking a broad market rally. That suggests there’s still a lot of caution out there.
Europe Tries to Rescue Its Rescue
Euro-zone finance ministers sought to revitalize their sagging plans for a big bailout fund, even as the bloc’s debt crisis reached new levels of panic in Italy.
Goldman’s Tale of Two Banks
The securities house known as Goldman Sachs didn’t have a terrible third quarter—in fact, it was decent considering all the market upheaval. Unfortunately for investors, the hedge-fund/private-equity shop also known as Goldman Sachs took a beating.
Crude Ends Higher
U.S. oil futures advanced to their highest finish in a month, moving in lockstep with the rallying stock market and shrugging off concerns about weakening Chinese economic growth.
HP CEO Apotheker fired, replaced by Meg Whitman
Hewlett-Packard’s board on Thursday ousted CEO Leo Apotheker after just 11 months on the job, replacing him with Meg Whitman.
News Hub: Dow Breaks 8-Day Losing Streak
Blue-chip stocks reversed a steep morning drop to snap an eight-day losing streak. Paul Vigna has details.
Bond yields rising? Curb your enthusiasm
Happy days are here again? Not exactly. But if you look at what's going on the bond market, it might be fair to say that "less bad" days are here again.