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U.S. Day Ahead: Fed votes on bank capital

Monday, July 01, 2013 - 02:03

July 1 - The Federal Reserve is expected to vote on plans to boost U.S. banks' required capital. And two Fedsters on the road speaking: Fed Gov Jerome Powell and NY Fed president William Dudley.

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Stories you'll need to know where you our morning meeting. In their place Constellation Brands reports Q1 results the first time since acquiring the US business and next -- group element. The wine beer and spirit maker has cancer and multiple areas like revenue growth and solid stock performance. -- consensus is for a EPS of 41 cents at Q percent from a year Alison Stiefel -- recently upgraded the stock from hold to it by a rating. It's not nearly 40% so far this year. Right next up the -- industry continues to be a bright spot in the US economy car sales rose seven point 3%. During the first five months of the year and are expected to continued their upward trend. Their contract for their best month since December of 2007. When the US recession began. Vehicle manufacturers are expected to report an increase in demand to fifteen point 31 million vehicle annual sales rate. For -- slightly higher than fifteen point 23 million work may. It -- -- is the Fed again it will hold an open board meeting to finalize plans to boost US banks required capital. It's part of the effort by international regulators to make sure the banking system is stronger. After the financial crisis investors will be listening for any surprises like. If they could raise capital requirements even more than expected which could rattle the banking sector stay within that effort instant analysis after the vote. Fed governor Jerome Powell speaks on international financial regulatory reform. And New York fed president William Dudley on economic conditions DeVon is part of the trio of investors this comment boosted bond and stock markets last Thursday. Investors listening for what he says that Huey tapering and why volatile markets may still be getting it all wrong. You can see it's it's live on insider at 12:30 PM. -- Later Reuters Insider against nor hideous and Reuters dot com slash British TV and positive balance.

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U.S. Day Ahead: Fed votes on bank capital

Monday, July 01, 2013 - 02:03