Day Two For Automakers On the Hill
Today will be round two for Detroit's Big Three on Capitol Hill. But before we get to that, there are two other important bits of data coming out this morning that will be widely watched by investors.
At 8:30 a.m., the unemployment report comes out and we will find out just how much the unemployment rolls continued to grow in November. There is a general consensus among economists that the unemployment rate will rise from the current 6.5 percent rate to 6.7 percent or more.
The quarterly mortgage delinquency rate survey is out this morning as well, giving us a window into the state of the real estate market and whether or not any of the various mortgage work-out programs are having any positive effect.
We'll cover the auto bailout hearings, this time in the House, right here. The hearing kicks off at 9:30 a.m.
The Ticker is Twittering!
December 5, 2008; 7:09 AM ET
Categories: The Ticker
Save & Share: Previous: Capitalism In Question: Can Or Should Government Prevent Bubbles?
Next: Kashkari: 'We Did Not Allow...Collapse'
The comments to this entry are closed.