Business week ahead, October 18-22
Southwest Airlines is among those companies reporting quarterly earnings this week. Credit: Newsday/Steve Pfost
KEY EVENT: The state Labor Department on Thursday releases jobs created on Long Island in September. In August, Long Island employers created 36,000 new jobs compared with August 2020, the lowest year-over-year amount in five months. The national employment report for September, released earlier this month, showed a significant slowdown in hiring as fears over the COVID-19 delta variant put a chill on hiring.
MONDAY: The National Association of Home Builders releases its October economic optimism survey. Also, September industrial production from the Commerce Department.
TUESDAY: September housing starts from the Commerce Department. Earnings: Bank of New York Mellon, Johnson & Johnson, Netflix, Travelers, United Airlines.
WEDNESDAY: The Federal Reserve releases the October beige book, a collection of early and unofficial economic data. Earnings: Melville industrial supplies distributor MSC Industrial, Abbott Labs, Tesla, Verizon.
THURSDAY: September existing-home sales from the National Association of Realtors. In August, existing-home sales fell as inventory decreased and prices rose. Also, jobless benefits claims for the week ended Oct. 16 from the Labor Department. Earnings: American Airlines, AT&T, Chipotle Mexican Grill, Intel, snapchat parent Snap, Southwest Airlines.
FRIDAY: Earnings from American Express and oilfield services provider Schlumberger.
Labor Day weekend travel forecast NewsdayTV's Ken Buffa spoke with Robert Sinclair Jr., senior manager of public affairs for AAA Northeast, about some of the best and worst times to travel during the holiday weekend.
Labor Day weekend travel forecast NewsdayTV's Ken Buffa spoke with Robert Sinclair Jr., senior manager of public affairs for AAA Northeast, about some of the best and worst times to travel during the holiday weekend.
