October 19th, 2009
08:37 AM ET
9 years ago

King's Monday memo: Some strong yearnings for good earnings

 This week is key for Wall Street, with highly anticipated third-quarter earnings of major companies due.

This week is key for Wall Street, with highly anticipated third-quarter earnings of major companies due.

(CNN) - A diverse collection of earnings and government reports will again put the economy at center stage this week, as investors wonder whether the Dow will remain comfortably above the 10,000 mark.

Consider the mix of companies due to add to the debate about whether a recovery is taking root: Apple, Microsoft, Coca-Cola, Wells Fargo, Pfizer, United Health, Yahoo!, AT&T, Delta Air Lines and Merck.

And from the government: the Labor Department's Producer Price Index (inflation), the Commerce Department's new housing starts report and the Fed's Beige Book - its summary of economic conditions region by region.

The markets will be in the news in other ways, as well.

Full story

Filed under: John King
soundoff (18 Responses)
  1. Dominican mama 4 Obama

    And while they are greedily awaiting their earnings reports they've been busy blocking any type of legislation that will prevent them from going down the proverbial toilet again and taking us (U.S.) with them!
    There's no cure for greed.

    October 19, 2009 08:58 am at 8:58 am |
  2. Randolph Carter, I'm no economist but...

    Thank goodness corporate profits are returning to normal. I was a little concerned for the wealthiest Americans for a while there. I can't wait until all those profits and dividends trickle down to us little folks in the form of stable, well paying jobs. Oh wait.... Have a nice day!

    October 19, 2009 09:23 am at 9:23 am |
  3. aproudmemberoftheunpatrioticmob

    Do you think Rick Sanchez will apologize for the lying hatchet job he did on Rush Limbaugh, or will the cowardly "my bad" he posted on twitter suffice. Knowing the leftist bent of CNN personnel, I am surprised he even did that. That is why CNN News (state run media) is losing ground.

    October 19, 2009 09:29 am at 9:29 am |
  4. We Won Get Over It

    I just don't understand. The democrats have a majority in the house, the senate and THE PRESIDENT.......why in the world don't they just pass the bills we need to get this country going...

    We can ask the republicans to help, we can ask their opinions and if the opinions help incorporate them into some of the bills. If they don't help throw em out.

    But since we have the majority, we should tell the republicans once and for all to GET THE HADES WITH IT....and if they don't they can sit in the corner and sulk....It is time we really starting to pull this country together.

    Groups like the tea baggers, made up of rabid way out republicans and such are just a small vocal distraction. They would rant and rave no matter what. Ignore Fox News and the rest of the republican party enablers, like rush, malken, beck, coulter and drudge....they are screaming and yelling just to make money. What the rest of the country should do, is expose them for what they are greedy butts and not real believers in a true republican party. If they really truly believed in this country and not their pocketbooks they would be trying to help pull us out of the mess bush and his majority republicans made.

    October 19, 2009 09:33 am at 9:33 am |
  5. Lacrosse is 4 sissy's

    So, this means that by Wednesday of this week Biden will say the Stimulus has been a success again, right?

    October 19, 2009 09:38 am at 9:38 am |
  6. Torch

    10,000 on the Dow could have happened months ago. But we were too busy trying to redistribute income and had a president who was trying his dead level best to destroy Capitalism.

    got to love those Dems.......traitors

    October 19, 2009 09:45 am at 9:45 am |
  7. Glen Beck is king of the morons

    Some day it will be called by its true name,"Fraud Street"and all the greedy little Capitalists can have a parade and sell their "Greed is Good buttons".

    October 19, 2009 09:46 am at 9:46 am |
  8. g ontario

    corperate america which votes republican are doing just fine making profits in communist china and india and other over seas countrys they will let america suffer alittle longer ship as many jobs out as they can, wait till middle class will work for nothing, gone from manufaturing nation to assembley nation , parts from all over the world, looks like reagans dream is comming true acountry that looks more like mexico where the top 3% run the goverment and the country

    October 19, 2009 09:46 am at 9:46 am |
  9. John in VA

    Why are we even talking about things like the market? That is a thing of the capitalist past. We must MoveOn to our Brave New Future.

    Viva Obama!!!

    October 19, 2009 09:53 am at 9:53 am |
  10. USN

    Under Bush the DOW was over 14,000 the media said that was bad ? Then the dems took over congress (06) And we had $5 gas and the crash .......I miss Bush 4.5% unemployment , no communist programs.

    October 19, 2009 09:59 am at 9:59 am |
  11. rob

    apple is going to go through the roof and drag A T & T with them , but only because of the iphone

    October 19, 2009 10:19 am at 10:19 am |
  12. Puddin'

    For those who have been laid off and cannot find jobs, have used up their savings and unemployment compensation, losing their healthcare, homes and facing total upheavel in their lives, there is absolutely NO improvement in the economy. These folks are in dire circumstances, and the rest of us should try hard to imagine that it could be us in these same circumstances. It is a horrific situation!

    October 19, 2009 10:25 am at 10:25 am |
  13. Doug, New Jersey

    Libs have no concept of inflation and that their god is making the dollar worthless. They are so brainwashed into thinking their is this rich class of people who have endless amounts of money and that they can pay for any pie in the sky idea that Lord Obama seeks.

    The reality is that the super rich are Democrats who don't pay taxes, and that those nasty conservative small business owners and upper middle class hard workers are the ones who have to foot the bill for is Obamanation.

    In increasing the debt in less than a year by an amount that exceeds the increase over the entire Bush presidency, Obama is making the dollar worthless, but if you know Obama and the people around him, this is most likely the plan.

    October 19, 2009 10:29 am at 10:29 am |
  14. S.B. Stein E.B. NJ

    If these places can hire people back and get the unemployment rate down, I am happy with that. I am thinking that is the biggest thing to tackle right now, and there some things that the Federal government can do and many things the private sector can do which they should be doing now.

    October 19, 2009 10:45 am at 10:45 am |
  15. D. Tree

    Notice how the GOP is always claiming the same thing: just lower taxes for the rich and the economy will magically get better?

    Well isn't it interesting that the big crash of 1987 and the recent crash of 2008 BOTH come at the end of long Republican terms in which the only thought was cutting taxes for the rich?

    CLEARLY lowering taxes on the rich doe not work favorably for our economy.

    The richest few already pay LESS taxes that middle class Americans – that's not fair, and it certainly won't help our economy to perpetuate it.

    Make the rich pay the same as the rest of us!

    October 19, 2009 10:45 am at 10:45 am |
  16. Four and The Door

    White House Chief of Staff Rahm Emanuel told "State of the Union" on Sunday: "As soon as stability was achieved, and things had a sense of normalcy, what is it some of the titans of the financial [industry] do? They're literally going and fighting the very type of regulations and reforms that are necessary to prevent, again, a crisis like this happening."
    First of all, most of the bailout money was forced on the banks...they did not come begging, but they were told they had to accept the money and the conditions it came with. Many did not want it.

    The second point is, what requires them to agree with Rahm Emanuel's perspective about what regulations would indeed fix what went wrong? Is that not open to discussion? The White House does not seem to welcome discussion on much these days.

    October 19, 2009 10:46 am at 10:46 am |
  17. www.firedoglake.com

    As a concerned citizen, I contacted Rep. Melissa Bean's (D-IL) office and had an exchange with Jonathan Lipman, her communications director.

    Her office apparently will not give substantive answers simple questions from the public about Rep. Bean's position on regulatory preemption, about numerous reports re her efforts to minimize consumer protection in the financial services industry by means of a proposed amendment to Rep. Frank's bill that creates a Consumer Financial Protection Agency, or about which banks and mortgage lenders have made campaign contributions to Rep. Bean.

    In response to my questions, Lipman so far has only directed me to a page at her website that has no information to answer my simple questions and to FEC filings.

    Well, I went to take a look at the amounts of money contributed to Rep. Bean's campaign from the various industries, and am amazed at how cheaply a member of Congress can be bought and paid for.

    October 19, 2009 10:48 am at 10:48 am |
  18. S Callahan NYS...get some real news, please

    Please, they 'wonder' if it will remain at the 10,000 mark....what does it take for 'they' to realize their priorities are all wrong and there is a karma to it.....remember...care for the poor....not stash the stocks....

    October 19, 2009 10:59 am at 10:59 am |