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Today's Economic Data Docket - Retail Sales And Consumer Sentiment

Tyler Durden's picture




 

Today's economic docket includes retail sales and consumer sentiment and business inventories. Bill Dudley makes more remarks on iPad edibility although he may provide some critical insight as to what we may expect two weeks from now at Jackson Hole.
 
8:30: Retail sales (July): Moderate growth. Despite a downbeat tone to many recent economic reports, chain-store sales results for July were reasonably healthy (though they hinted at a shift toward discount stores) and vehicle sales increased. Goldman forecasts moderate gains in the Census Bureau’s estimate of retail spending for the month.
Total: GS: +0.4%; Consensus: +0.5%; Last: +0.1%.
Ex-autos: GS: +0.1%; Consensus: +0.3%; Last: Flat. MAP: 4
Ex-autos, gas & building materials: GS: +0.2%; Last: +0.1%.
 
9:55: Reuters/University of Michigan consumer sentiment (August prelim): Downside risks. Following sharp declines in the daily Rasmussen and Gallup confidence indexes in recent weeks, Goldman expects the Consumer Sentiment index to fall to 57.0 for August. Consensus forecasts expect a much smaller drop.
GS: 57.0; Consensus: 62.0; Last: 63.7 (July final). MAP: 1
 
10:00: Business inventories (June). Not a market mover, but the non-auto retail inventory component could have implications for revisions to Q2 GDP growth.
Consensus: +0.5%; last +1.0%.
 
10.00: New York Fed President William Dudley speaks at New York Fed headquarters. The speech is on the regional economy, but comments on national economic developments and monetary policy are possible as well (Q&A scheduled). The FOMC recently revised its blackout period rules to: “begins the Tuesday morning of the week prior to each regularly-scheduled FOMC meeting and ends at midnight Eastern Time on the Thursday following the meeting”. President Dudley would therefore be free to express his views on the outlook today.

 

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Fri, 08/12/2011 - 07:54 | 1553665 Oh regional Indian
Oh regional Indian's picture

All NUMBERs aside, today is the Friday before next monday, Aug 15th.

A monumental monday. How will today set it up? I don't think NUMBers will 'count"!!! ;-)

ORI

http://aadivaahan.wordpress.com/2011/08/04/many-drafts/

Fri, 08/12/2011 - 07:56 | 1553668 BeerGoggles
BeerGoggles's picture

Regulators said they had put the ban in place in an effort to “restrict the benefits that can be achieved by spreading false rumours”.

 

I guess it's only time before they link the market crash to the ZH website.

Fri, 08/12/2011 - 08:00 | 1553670 oobrien
oobrien's picture

Fuck it all in the ass.

It's rigged, anyway.

The numbers will be bad.  Then some asshat like Lawrence Myers will talk it up.

Try this Gerald Celente shit:

http://www.geraldcelente.proboards.com/index.cgi?board=general&action=display&thread=1641

He might not be a genius.

But the motherfucker gets MOST shit right.

Nevertheless, gold ain't the way.

The true way?

Tune in, turn on, and drop out.

Trust me.

I speak the Gospel.

Fri, 08/12/2011 - 08:10 | 1553694 Dr. Engali
Dr. Engali's picture

He is pretty accurate. He forcasted a lot of this mess.

Fri, 08/12/2011 - 08:01 | 1553678 Dr. Engali
Dr. Engali's picture

Is that Jackson Hole or Jack off hole? Nothing but a bunch of fucks hanging out there.

Fri, 08/12/2011 - 08:05 | 1553684 Shocker
Shocker's picture

I sense, great data numbers cioming.

Fri, 08/12/2011 - 08:07 | 1553687 Gold Dog
Gold Dog's picture

I sure picked the wrong day to quit shooting heroin!

Sat, 08/13/2011 - 02:43 | 1556584 yang46
yang46's picture


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