Business week ahead, July 17-21
A neon sign manufacturing studio in Brooklyn earlier this year. A key report on state manufacturing is expected on Monday. Credit: Bloomberg / Stephanie Keith
KEY EVENT: Hot summer? Long Island employers ramped up hiring in May after a sluggish March and April. And following a strong national employment report for June — where employers created the most new jobs in four months — the local jobs situation may also see an early-summer boost. The actual numbers will be revealed Thursday when the state Labor Department releases new jobs created on Long Island in June.
MONDAY: The July Empire State index, the Federal Reserve Bank of New York’s monthly update on state manufacturing activity. Earnings: Netflix.
TUESDAY: The National Association of Home Builders posts the July housing market survey, a gauge of homebuilders’ optimism in the economy. Also, import and export prices for June from the Commerce Department. Earnings: Bank of America, Goldman Sachs, IBM, Lockheed Martin, UnitedHealth
WEDNESDAY: The Commerce Department releases June housing starts. Earnings: American Express, Morgan Stanley, Qualcomm.
THURSDAY: Jobless benefits claims for the week ended July 15 from the U.S. Labor Department. Also, leading indicators for June from the Conference Board. And the four-day Comic-Con International 2017 kicks off in San Diego. Earnings: Bank of New York Mellon, Capital One, eBay, Microsoft, Visa.
FRIDAY: Earnings from Colgate-Palmolive and General Electric.
'It's personal to me' The law would require businesses to have proper state licensing, prove that their employees are paid and ban staff from living at the spas or sleeping there overnight. Repeat offenders could face penalties up to $25,000. NewsdayTV's Shari Einhorn has more.
'It's personal to me' The law would require businesses to have proper state licensing, prove that their employees are paid and ban staff from living at the spas or sleeping there overnight. Repeat offenders could face penalties up to $25,000. NewsdayTV's Shari Einhorn has more.
