Business week ahead, March 1-5
Applebee's parent Dine Brands is among those firms reporting earnings this week. Credit: TNS/Craig Ruttle
KEY EVENT: The Labor Department on Friday releases jobs created or lost in February and the nation’s unemployment rate. After a disappointing job contraction in December, U.S. employers added only 49,000 new jobs in February as the labor market continues to suffer the effects of the COVID-19 pandemic.
MONDAY: The February national manufacturing index from the Institute for Supply Management. Also, January construction spending from the Commerce Department. Earnings: Zoom Video Communications.
TUESDAY: Automakers post February car and truck sales. Earnings: Abercrombie & Fitch, Applebee’s owner Dine Brands, Hewlett Packard Enterprise, Kohl's, Nordstrom, Ross Stores, Target.
WEDNESDAY: Payrolls processor ADP releases its estimate of private-sector jobs created or lost in February. Also, the Federal Reserve’s March beige book, a collection of early and unofficial economic data. And the Institute for Supply Management’s February services-sector index, an update on economic activity in a wide swath of nonmanufacturing businesses such as retail, food services, hospitality and technology. Earnings: Jack Daniel's distiller Brown-Forman, Wendy’s.
THURSDAY: Jobless benefits claims for the week ended Feb. 27 from the Labor Department. Earnings: CA Technologies owner Broadcom, Costco Wholesale, Gap, landscape equipment maker Toro.
FRIDAY: As part of the employment report, the Labor Department releases workers average wages in February.
'It's depressing, it's frustrating' A Newsday investigation revealed that Grumman Aerospace knew toxic chemicals were leaking into the ground in Bethpage. Newsday Associate Editor Paul LaRocco and Deputy Editor David Schwartz explain.
'It's depressing, it's frustrating' A Newsday investigation revealed that Grumman Aerospace knew toxic chemicals were leaking into the ground in Bethpage. Newsday Associate Editor Paul LaRocco and Deputy Editor David Schwartz explain.
