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Home | Finance | Stock Market This week: Virgin threatens to cancel Airbus380 orders; earnings from GE, Pepsi, Costco and McDonald�s; FCC votes on telecom mergers; and U.S. customs stops seizing cheaper Canadian drugs on the border even though imports remain illegal. ECONOMIC RELEASES THIS WEEK Tuesday: Wholesale inventories expected at +0.7%, with sales racing ahead this the inventory-to-sales ratio at low 1.15 months. Treasury budget expected at a $45-55bn surplus with receipts running 12% year-on-year, expenditures at 8%. Wednesday: Crude inventories and FOMC minutes. Thursday: Initial Claims expected at 311K. Trade balance expected at -$66.5bn, off the July record of -$68bn; a solid rebound in exports expected. Friday: Retail sales expected at 0.2%, ex-auto at 0.0%, lower due to lower gas prices. Autos have a potential to surprise to the downside. STARBUCKS 40,000 ... PETSMART�S HOTELS ... CHICAGO TO EAT MORE MEAT Starbucks announced a goal of 40,000 coffee shops, up from 12,000 now. I am on three lattes a day; I don't think I can handle five... PetSmart will operate in its stores 850 animal hotels catering to 110m U.S. households with pets (63%). For $36 a night, pups can enjoy TV, lambskin blankets and day care activities. Five billion people on the planet wish they had it as good as U.S. pets. That fence will sure stop immigration ... The CME and Deutsche B�rse talked about a potential tie-up. The Germans were impressed with Ferris Buhler�s lederhosen and his rendition of Danke Sch�n, Auf Wiedersehen? The merger makes no sense, and God knows Chicago doesn�t need more German food ... Article Source: http://www.articlewheel.com
Author: Dr. Robert Dubil Email: drbob@hedgestreet.com Website Address: www.hedgestreet.com Copyright: ©2006 [Dr. Robert Dubil]. All rights reserved. Article URL: www.hedgestreet.com/drbob/weeklyoutlook/20061010.html
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