Business week ahead, July 30-Aug. 3
A pair of key real estate sales reports are expected this week. Credit: Randee Daddona
KEY EVENT: Summer news storm. It may be the dog days of summer, but it’s a busy week for important economic news, including an update on the nation’s employment situation, a Federal Reserve meeting and several housing reports.
MONDAY: Pending home sales for June from the National Association of Realtors Earnings: Caterpillar, Roosevelt Field mall owner Simon Property Group.
TUESDAY: S&P Corelogic Case-Shiller home prices for May. The previous report showed that New York metropolitan area prices were lower in April than March, the first-month-over-month decrease in a year. Earnings: Apple, Pfizer, Procter & Gamble.
WEDNESDAY: The Federal Reserve ends a two-day meeting with a decision on interest rates. Also, carmakers release July motor vehicle sales. And payroll-processor ADP posts its estimate of private-sector jobs created in July. Earnings: Lake Success business services provider Newtek, IHOP owner Dine Brands, PSEG-LI parent Public Service Enterprise Group, Tesla.
THURSDAY: Jobless benefits claims for the week ended July 28 from the Labor Department. Earnings: Plainview LED tools maker Veeco Instruments, DowDuPont, Shake Shack, Pizza Hut owner Yum Brands.
FRIDAY: The Labor Department releases jobs created and the nation’s unemployment rate in July. Earnings: Uniondale real estate investment trust Arbor Realty, Kraft Heinz.
'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.
