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U.S. Week Ahead: Jobs report shouldn't derail stimulus talk

Friday, August 31, 2012 - 02:16

Aug 31 - Former Federal Reserve Vice Chairman Alan Blinder on what it will take for the August jobs report to put an end to talk of QE3 from the Fed. Plus, Amazon's latest announcement and taxing results.

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Next stop on the economy train nonfarm payrolls. Fed chief Ben Bernanke not sending a clear signal about more stimulus -- Jackson Hole speech Friday. Chairman was clear though about the impact of higher unemployment. Calling it a grave concern. The August jobs report out next Friday expect initial unemployment stuck at eight point 3%. Nonfarm payrolls seen rising just 125000. Economists say numbers like that won't convince the Fed to put the brakes on any possible stimulus plan. If we get a blockbuster employment report really mean a lot of jobs more than the market is expecting. That could be a stop sign that the Fed to hold on if we don't need. To do this. That's not what I expect this not what most people expect. Other data out include -- -- report on manufacturing and auto sales on Tuesday. As well an update on the services sector from the eyes and non manufacturing for Thursday. Also that day Amazon making an announcement. The technology giants Kindle business hosting an event in California. So some house expected to debut an updated seven inch Kindle fire tablet or possibly a larger device to go head to head with iPad. Nokia and Motorola also host product and failings on Wednesday. Campbell not expected posts souped up earnings. The food company's quarterly results out Tuesday it is already warned investors its turnaround plan will take longer than anticipated. Kroger expects to produce a gain in profit Friday the biggest US grocery chain has already raised its guidance for the year. And H&R block is seen reporting a wider per share loss Wednesday. Now it's the Democrats turn the party faithful head to Charlotte for the party's convention featured speakers include former President Bill Clinton. -- balls vice president Joseph Biden and president Barack Obama will make their case for another four years in office. No word on whether the Democrats -- -- a celebrity speaker can rival Clinton. Stay with Reuters TV and insider for more expert analysis on the big market movers. Check out Reuters GQ that Reuters dot com slash waiters TV and follow us on Twitter at Reuters in -- I'm -- cut them.

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U.S. Week Ahead: Jobs report shouldn't derail stimulus talk

Friday, August 31, 2012 - 02:16