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U.S. Day Ahead: Obama to address economy, gas prices

Wednesday, February 22, 2012 - 02:45

Feb. 22 - U.S. President Barack Obama will address the economy on Thursday, focusing energy and rising gas prices in a speech in Florida.

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You're US stay ahead a day after proposing a cut that tax rate for corporations. President Barack Obama will be at the University of Miami on Thursday to speak about the economy. Among the key concerns he will address energy and rising gas prices. Reuters White House correspondent Jeff Mason says the president is going to go on the offense. President Obama is going to go on the offensive tomorrow during its beach Florida about gasoline prices. Republican candidates are already criticizing the White House and Obama's policies -- driving gasoline prices up. What he's gonna say tomorrow is there are lots of factors that affect the gas prices and what the United States is Abbott and all of the above energy policy. Which is what Obama -- -- they'll talk about reducing domestic consumption. Increasing domestic production and having a policy that can withstand temporary increases in gasoline prices that seemed to happen every summer. Weekly jobless claims data is due out Thursday morning analysts polled by Reuters expect an increase in the number of Americans filing for new unemployment benefits to 354000. That would be up from 348000. A week ago economists look closely at the weekly report given that claims have now moved to the error of four year low in -- sign the labor market recovery is quickening. Also on the agenda be at age FA home price index. Target is reporting its fourth quarter results -- artist says despite headwinds from credit card operations and its candidates start up. Target is still expected to post strong earnings. -- is expected to post 82 point two things -- sales for the poured water slightly below last year's 2.4 percent result. Despite headwinds of credit card operations and has gone up in Canada. The retailer is still expected to post stronger earnings than a year ago target is benefiting from a mean of the US economy. And has also recently lounge in new line with a designer Jason Wu which will benefit future things herself. Other companies reporting earnings tomorrow include AIG -- calls her -- it's. And Safeway and Eddie Lambert struggling seniors -- A problem with 98 billion dollars -- -- apple -- tomorrow the company host its annual meeting with shareholders and executives. Will face questions about how to spend it in 98 billion dollar war chest a onetime dividend of course stock buyback is in the pipeline. Apple's CEO Tim Cook we'll take the spotlight shareholders also dig for answers. On whether apple plans to add to the TV market and if the company can continue to keep up its torrid pace of growth. That's your day ahead I'm Rhonda schaffler this is writers.

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U.S. Day Ahead: Obama to address economy, gas prices

Wednesday, February 22, 2012 - 02:45