Business week ahead, Oct. 29-Nov. 2

Starbucks, seen here in Plainview, reports earnings this week. Credit: Barry Sloan

By Peter KingSpecial to NewsdayOctober 28, 2018

KEY EVENT: How low can it go? The Labor Department on Friday updates the nation’s October employment situation. In September the unemployment rate fell to 3.7 percent, a 49-year low. Long Island’s September unemployment rate was 3.3 percent, an 11-year low. The state Labor Department releases the October Long Island unemployment rate on Nov. 20.

MONDAY: Personal income and spending in September from the Commerce Department. Earnings: Manhattan office buildings owner Vornado Realty Trust.

TUESDAY: S&P Corelogic Case-Shiller home prices for August. Also, consumer confidence in October from the Conference Board. Earnings: Melville industrial supplies distributor MSC Industrial Supply, Coca-Cola, eBay, Facebook, PSEG Long Island parent Public Service Enterprise Group.

WEDNESDAY: Private-sector jobs created in October estimated by payrolls provider ADP. Earnings: IHOP owner Dine Brands, Estée Lauder, Kellogg, General Motors, KFC owner Yum Brands.

THURSDAY: Jobless benefits claims for the week ended Oct. 27 from the Labor Department. Also, the Commerce Department releases September construction spending. Earnings: Carle Place gift seller 1-800-Flowers.com, Port Washington shopping centers owner Cedar Realty Trust, Plainview LED tools maker Veeco Instruments, Apple, DowDuPont, Starbucks.

FRIDAY: September factory orders from the Commerce Department. Earnings: Alibaba, Chevron, Exxon Mobil.