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March 28, 2011 at 04:53 AM
Last week the Congress was in recess, and the big economic news was the final read on GDP for 2010’s Q4 and entire year. Advisors’ interests will likely return to Washington this week as President Obama addresses the nation on Libya on Monday and as negotiations heat up regarding the federal budget for 2011 and 2012.
Some high-profile hearings will also take place on healthcare reform, the budget, nuclear power in the wake of Japan and tax policies. Over the weekend, Securities America reported that negotiations between it and the parties to a class-action lawsuit over the sale of certain Reg D securities were showing signs of success; stay tuned for more news on that settlement and on how Securities America reps are reacting to the entire issue.
At the business week’s end we hear about the jobs situation for March and auto sales, while during the week we hear about personal income and spending early, the Case-Shiller home price index, and additional employment reports. All times listed are Eastern time.
Monday, March 28
8:30 AM: Personal income and consumer spending for February from the Commerce Department.
10:00 AM: Pending home sales, released by the National Association of Realtors.
7:30 PM: President Obama speech on U.S. actions in Libya from the National Defense University in Washington, DC .
Tuesday, March 29
9:00 AM: Housing prices from Standard & Poor’s/Case-Shiller home price index.
10:00 AM: Consumer confidence for March, released by The Conference Board.
10:00 AM: Hearing on proposals for the future of the housing finance system, at the Senate Banking Committee.
2:30 PM: Hearing on the economic ramifications of a cyber attack, at the Senate Commerce Committee.
7:50 PM: Report on Japan industrial production from the Ministry of Economy, Trade and Industry.
Wednesday, March 30
8:15 AM: Monthly national employment report from ADP.
