Network News

X My Profile
View More Activity
2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

CPI, Circuit City in Focus Today

Today, the markets await news from the government about the consumer price index, a widely watched piece of data that economists will look to for signs of deflation. Those figures are released at 8:30 am.

Later today, we will get an update on the fate of retailer Circuit City, which filed for bankruptcy before the holidays. The only question now is whether investors will buy up the company through a private auction held earlier this week or if the company will have to liquidate. Results of the auction and the company's fate are expected to be made public today.

This morning, global markets are already moving higher on the news that the U.S. government stepped in to provide an additional $20 billion for Bank of America to help the company with its acquisition of Merrill Lynch. In Asia, the Nikkei in Japan leads, trading up 2.58 percent. In Europe, the DJ Stoxx index is up 2.88 percent.

Check back here for more updates throughout the day.

--Sara Goo

By Sara Goo  |  January 16, 2009; 7:07 AM ET
Categories:  The Ticker  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   StumbleUpon   Technorati   Google Buzz   Previous: Schapiro Calls for Tighter Regulations, Reform
Next: Senators Who Voted Against Second Half Of Bailout

No comments have been posted to this entry.

The comments to this entry are closed.

RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company