A very busy week starts rolling today. The Fed starts the two-day meeting today and the Policy Statement is the big one tomorrow. The Jobs data on Friday could also be a big mover.
Warren Buffet’s Berkshire Hathaway announced a $44 Billion acquisition of Burlington Northern Sante Fe Corp. This is an extremely bullish play on the U.S. economy and a big play from the old sage. It will be interesting to see how this ends up moving the stock market. Futures will still lower in morning trading.
Tuesday:
10:00 Sept factory orders (+0.9%)
2:00 Oct auto and truck sales
Wednesday:
8:15 ADP Oct job loss estimate (-190K)
10:00 Oct ISM services sector index (51.5 frm 50.9)
2:15 FOMC policy statement
Thursday:
8:15 ADP Oct job loss estimate (-190K)
8:30 weekly jobless claims (-10K to 520K; continuing claims 5.75 mil, down 5 mil)
Q3 productivity (+6.5%)
Friday:
8:30 Oct non-farm jobs (-175K; unemployment 9.9% frm 9.8%)
10:00 Sept wholesale inventories (-1.0%)
3:00 Sept consumer credit (-$10.3B)
