Network News

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

This Morning: Ford, Economic Data

This morning, Ford Motor Co. announces its quarterly earnings before Wall Street opens, giving us a window into just how bad the last three months and the full year of 2008 were for the strongest of the Big Three.

The markets this morning will also digest some other bits of economic data before the bell. Aside from weekly jobless claims, at 8:30 a.m., the government will release a report about sales of durable goods, or big ticket items, in December. The numbers are not expected to be strong, given the weak consumer spending environment. And at 10 a.m., data on new homes sales for the month will also be released. With new home construction at lows not seen in decades, sales are not expected to be encouraging.

--Sara Goo

By Sara Goo  |  January 29, 2009; 7:00 AM ET
Categories:  The Ticker  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: Starbucks Closing 300 Stores, Laying Off Nearly 7,000
Next: Unemployment, Earnings Drive Down Markets At Opening

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