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U.S. Week Ahead: It's a bird? It's a plane? No It's Bernanke

Friday, July 13, 2012 - 03:05

July 13 - Investors want to know what it will take for the Federal Reserve to start pumping more cash into the system when Ben Bernanke testifies on Tuesday & Wednesday.

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-- -- less certain the big question can bet in the fat content to rescue. We'll find out when he testifies before congress on Tuesday and Wednesday in Orlando why don't take that -- to start pumping more cash into the system. We'll hear about the bank's involvement in the live -- scandal. This after the New York that that it Ward's top officials -- something is she at Barclays back in 2008. Reuters correspondent Jason -- on what to expects. Well Ben Bernanke might be a little tight lipped about the direction of policy because he likes represented the consensus on the committee and not get ahead of his colleagues that the Fed will could be a little more interesting is his assessment of the last jobs report that showed pretty dismal job creation in June. If Bernanke says that that's a sign the economy is really slowing down that maybe we're getting a little closer to more bond purchases by the. Then. Okay so. JPMorgan make nearly five million dollars despite. Losing billions and a bad trade. But does good vibrations might not last when the other big dogs that Wall Street start report on Monday. We'll hear from Citigroup Goldman Sachs bank of American Morgan Stanley throughout the week. Expect a significant shot to be taken out of their bottom lines thanks to the European debt crisis still want bright spot could be of all things Bank of America as it -- the fat from his business his second it is safe harbor and -- volatility but that could be coming to wait painful end. Intel Yahoo! IBM Google and Microsoft all -- how they did in the last quarter. Analysts are worried estimates. Earnings may be too optimistic given the global slowdown this especially as companies cut there I keep budget that the agency Bob Cox. Apple also get earnings for the big players -- manufacturing. Doesn't. Well Textron and General Electric GE will most certainly be in the spotlight. It's -- to see profits growth thanks to an improving climate and the US offsetting dismal in Europe saying that pay close attention to retail sales data ahead there's fit to be very weak. Closing -- a lousy quarter according to the experts that I can't -- on the plus side that is coming from falling gas prices for consumers. But also sop pretty soft sales figures from chain stores like Walgreens and calls. But we don't want you to start the week has soured we have to blunt talking -- featuring you're not want to miss. First up -- secretary Timothy Geithner speaks at the outlook forum on Wednesday no that's not frat house party it is actually a big investor conference. Watch up pretty comments on the speed of the recovery. Then Goldman Sachs spots like Blankfein speaks economic club of Washington. While hearing his case. On market headwinds. For our apartment -- you can follow us on Twitter Reuters Insider -- check out our writers YouTube channel. At Reuters dot com slash Reuters TV I'm Rhonda that are this writers.

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U.S. Week Ahead: It's a bird? It's a plane? No It's Bernanke

Friday, July 13, 2012 - 03:05