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U.S. Day Ahead: Obama bets on the economy in Sin City

Wednesday, January 25, 2012 - 02:27

Jan. 25 - President Barack Obama continues his State of the Union tour in Las Vegas with remarks on the economy. But Reuters Columnist David Rohde says expect business as usual in the run-up to the election.

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US day ahead as Republican candidates get ready to take the gloves off in another debate. President Barack Obama continues his state of the union tour in Vegas he will be in sin city. At what I am talking about the economy. Obama made it clear at bat was going to -- top of his reelection agenda. Reuters columnist David Rhodes said it's expected to be business as usual in the runup to November's big vote. You know I'm hoping lot of really serious debate about innovative ideas to revive this economy weren't really deep whole right now. But I'm afraid lined up with Republican and Democrat orthodoxy. And unfortunately either extreme is not gonna solve the deep deep economic problems we have today. Well take the pulse of manufacturing went caterpillar reports fourth quarter results before the open. Earnings are likely to rise to the dollar 73 a share on a wave of strong demand from mining companies and emerging markets. Reuters manufacturing editor John Stoll says the big question is whether the industrial giant can keep beating -- Patience investors are gonna look for revenue growth to continue well above 20% year over year. That would you know did that would indicate that caterpillar has found its real groove. Globally having this diversified. A lot of construction mission machinery emerging markets and and established markets in Europe isn't hitting this company too hard. Also on the radar reporting results eighteenth -- Colgate-Palmolive. Lockheed Martin and 3 am all before the open. Starbucks is after the close AT&T is that stand out. According to start by the Telecom giant could see earnings of 44 cents a share beating the estimates by a heading. And three key economic updates takes center stage in the morning 8:30 AMC's the release of initial jobless claims and durable goods. New home sales throughout at 10 AM. I have arts says sales to rise at 325000. Units in December. Boosted by low prices and mortgage rates I'm Rhonda schaffler at this is Reuters Insider and be sure what writers insiders coverage of the world economic form. From Davos Switzerland now this week.

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U.S. Day Ahead: Obama bets on the economy in Sin City

Wednesday, January 25, 2012 - 02:27