Today's Focus: Retail Sales, Obama Speech
Today, President-elect Barack Obama is scheduled to give a speech outlining more details on his economic policy, in which he may give more details of the much-anticipated economic stimulus plans. That happens at 11 a.m.
Meanwhile, the markets will have some smaller bits of economic data to digest. At 8:30 a.m., the government's weekly jobless report is released, providing a window into recent unemployment claims. But those numbers will have less significance given they are sandwiched in between yesterday's staggering ADP monthly jobless report and tomorrow's big government monthly unemployment report. The ADP report showed that in the last two months of the year, 1.1 million people lost their jobs in the U.S.
In other news retail chain stores report sales for the holiday season. It is expected to be one of the worst holiday performances in a long time.
Check back here for live updates throughout the day.
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