Thursday, August 21, 2008

Next Week's News Today (Politics and Economics Collide)

Why You Care is posting the third installment of Next Week's News Today.

We have broken it down by day below but the headline for you is this: The start of the week will use home sale numbers below to punch out headlines regarding housing woes. In addition, the Federal Reserve Open Markets Committee minutes on monetary policy will be cause for media scrutiny of the economy - BUT even more important than that, if the speakers at next week's Democratic convention are reading these pieces then they'll pepper their speeches with the latest economic worries.

Here's why you care: Next week is likely to see what Why You Care has been predicting: Political slogans offered as economic solutions. Solid reporting will cut through this, and we'll highlight the excellent pieces. Get ready.

MONDAY - 8/25/08
Economic News: Existing Home Sales for July

Political: DNC Convention begins; Expected DNC convention prime time speaker - Michelle Obama.

TUESDAY - 8/26/08
Economic News: New Homes Sales; Consumer Confidence; FOMC Minutes (Federal Open Markets Committee [think Federal Reserve]).

Earnings: Border Group Inc; J Crew; LTX Corp; Sanderson Farms; Smithfield Foods;

Political: Expected DNC convention prime time speaker - Sen. Hillary Clinton.

WEDNESDAY - 8/27/08
Economic News: Durable Orders; Crude Inventories

Earnings: American Eagle; Men's Warehouse; Talbots

Political: Expected DNC convention prime time speaker - TBD Democratic Vice Presidential Nominee (*Bill Clinton also speaks).

THURSDAY - 8/28/08
Economic News: Initial Claims

Earnings: Costco; Del Monte; Dell; Fred's; Kirklands; Micros Systems; Tiffany & Co.

Political: Expected DNC convention prime time speaker - Sen. Barack Obama (*Al Gore also speaks).

FRIDAY - 8/29/08
Earnings: Personal Income; Personal Spending