U.S. Day Ahead: Obama's State of the Union to target economy
Monday, February 11, 2013 - 03:11
Feb. 11 - President Obama is likely to outline proposals on infrastructure, clean energy and education to kick start economic growth when gives his latest State of the Union address Tuesday night.
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President Barack Obama will focus on kick starting the economy in his State of the Union Address on Tuesday -- The White House says he'll outline proposals on infrastructure clean energy and education. It's a tough sell though -- tensions mount over avoiding 85 billion dollars worth of budget cuts by march 1 Beazer. Proposals that Obama has before in the past and they've been rejected by Republicans in congress. It's not likely they're gonna get very far this time either Republicans are very focused on cutting spending not increasing it. Still gives Obama a chance to at least move the -- a little bit by raising these issues such high profile or. And what have the state of the union light at 9 PM eastern on insider. What -- CEO who couldn't get seats at the address is apple -- Tim cuts according to reports he'll be sitting next to you First Lady Michelle Obama. Before that though cook will be at a stand for and teleconference. Expecting questions about -- I watched. The New York Times and the journal says the device would operate on the same platform as the -- on. UBS says it's -- -- animation is not dead at the world's biggest tech company investors will also wanna get more reaction from cook about. 137. Billion dollar cash pile. Apple shares ended up 1%. Worn out and check out exactly. Expect McGraw-Hill. To come out fighting when it reports Ernie is the US has launched five billion dollar lawsuit against its SMP unit -- and completing readings of mortgage bonds during this financial crisis. S&P has denied the charges. And once five star rated star mining analysts from Piper Jaffray recently said the charges won't stick because no -- out smoking -- and it. Found after four years of extensive investigations. McGraw-Hill shares of rebounded 4% at the close they are down over 20% since the government wants its its. And we'll have the company's conference call live on insider at 8:38 -- Wall Street wants to see more signs of a turn around it Avon when it reports results. Profits are set to improve from the last quarter but it will still be down from a year ago. The UC EO -- McCoy has already said he's cutting 15100 jobs and getting out of South Korea and Vietnam. -- 20% of the 400 million dollars the companies hoping to trend. Pay attention to what -- says about three key market. In the last quarter sales in Brazil rose 2%. That's pretty modest given the overall pace of the Brazilian market in North America Avon's revenue fell 8%. And and Russia that company lost sales rats. Avon shares are down 7%. In the last twelve. We'll catch us on Twitter at Reuters Insider and get more of our video that Reuters dot com slash traders TV. Legendary investor Jim Rogers tells Reuters consumer news editor -- -- and why have 20% tree belonged to China. And why Wall Street is due to. I'm -- mom this is writers.
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