Business week ahead, Nov. 8-12
Key reports on consumer prices are expected this week. Credit: Bloomberg/David Paul Morris
KEY EVENT: Spurred by supply chain problems, prices have been rising at the pump and at the supermarket. Are the increases temporary or the beginning of a new inflationary cycle? Two major inflation reports may yield some answers.
MONDAY: Earnings from Great Neck multifamily home investor BRT Apartments and PayPal.
TUESDAY: The Labor Department releases October producer prices. The report is an indicator of inflationary pressures at the wholesale level, which typically are passed along to consumers. Also, the small-business owners October optimism survey from the National Federation of Independent Business. Earnings: Lake Success natural foods seller Hain Celestial, DoorDash, homebuilder D.R. Horton.
WEDNESDAY: The nation’s most-watched inflation guide: consumer prices in October from the Labor Department. In September, prices rose 5.4% from September 2020, biggest increase in 13 years. The report includes a breakout of prices in the 25 Northeast counties, including Long Island. Earnings: Melville ID verification products provider Intellicheck, Walt Disney, Wendy's.
THURSDAY: Jobless benefits claims for the week ended Nov. 6 from the Labor Department.
FRIDAY: The Labor Department releases the number of unfilled jobs as of the end of September. Also, consumer sentiment in early November from the University of Michigan. Earnings: drugmaker AstraZeneca.
'He will be ... coming out of prison in a body bag' Suffolk County Sheriff Errol Toulon Jr. spoke with NewsdayTV's Ken Buffa about what life is like for the Gilgo Beach serial killer Rex Heuermann in jail.
'He will be ... coming out of prison in a body bag' Suffolk County Sheriff Errol Toulon Jr. spoke with NewsdayTV's Ken Buffa about what life is like for the Gilgo Beach serial killer Rex Heuermann in jail.
