Business week ahead, October 11-15
Delta Air Lines is among those firms reporting earnings this week. Credit: AFP via Getty Images/ANDREW CABALLERO-REYNOLDS
KEY EVENT: An important week for seniors on Long Island and around the nation. On Wednesday, the Labor Department releases consumer inflation for September. The data is used to calculate next year’s cost-of-living allowance for Social Security recipients. Economists predict the 2022 COLA will be the biggest since 1982.
MONDAY: The Treasury bond market is closed for Columbus Day, but the stock market is open.
TUESDAY: The Labor Department releases the number of available jobs as of the end of August. In July, job openings hit an all-time high.
WEDNESDAY: In addition to updating the nation’s inflation rate, the Labor Department releases consumer prices in the 25 Northeast counties including Long Island. Earnings: BlackRock, Delta Air Lines, JPMorgan Chase.
THURSDAY: The Labor Department releases September producer prices, a look at inflationary pressures at the wholesalers’ level. Also from the Labor Department: jobless benefits claims for the week ended Oct. 9. Earnings: Alcoa, Citigroup, Domino’s Pizza, Morgan Stanley, United Health, Walgreens Boots Alliance.
FRIDAY: The Federal Reserve Bank of New York releases the October Empire State survey, an update on New York manufacturing activity. Also, September retail sales from the Commerce Department. Earnings: PNC Financial.
Sarra Sounds Off Ep 36: Champs crowned in lax and flag football On the latest episode of "Sarra Sounds Off," Gregg talks with Michael Sicoli and Tess Ferguson about county champs crowned in boys and girls lacrosse, and Jared Valuzzi reports on the Long Island flag football championship.
Sarra Sounds Off Ep 36: Champs crowned in lax and flag football On the latest episode of "Sarra Sounds Off," Gregg talks with Michael Sicoli and Tess Ferguson about county champs crowned in boys and girls lacrosse, and Jared Valuzzi reports on the Long Island flag football championship.
