Business week ahead, July 19-23
Video streaming service Netflix reports earnings this week. Credit: Getty Images/Justin Sullivan
KEY EVENT: The state Labor Department on Tuesday releases unemployment rates in June for Nassau, Suffolk and Long Island as a whole. In May, the Long Island jobless rate fell to 4.6%, its best level since the forced lockdowns and business closures because of the pandemic a year earlier.
MONDAY: The National Association of Home Builders releases its July economic optimism update. The report, compiled from a survey of homebuilders, is often an indicator of how the national economy will look a few months from now. Earnings: IBM
TUESDAY: June housing starts from the Commerce Department. Earnings: Chipotle Mexican Grill, Netflix, Travelers, United Airlines.
WEDNESDAY: Earnings from Coca-Cola, Comerica, Discover Financial Services, Harley-Davidson, Johnson & Johnson, Texas Instruments, Verizon and Whirlpool.
THURSDAY: Jobless benefits claims for the week ended July 17 from the Labor Department. Also, the National Association of Realtors releases June existing-home sales. In May, the price of an existing U.S. home hit an all-time high, marking the 111-straight month of year-over-year gains. And leading economic indicators in June from the Conference Board. Earnings: Abbott Laboratories, AT&T, Capital One Financial, Domino's Pizza, Dow, Snapchat parent Snap, Union Pacific.
FRIDAY: Earnings from American Express, Kleenex maker Kimberly-Clark 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.
