U.S. Day Ahead: After the chaos, Bernanke to break silence
Tuesday, July 09, 2013 - 01:50
July 9 - Fed Chair Ben Bernanke re-emerges three weeks after his comments on tapering confused markets and spiked bond yields. He speaks at a conference in Cambridge, Mass., after the release of FOMC minutes.
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Here -- three star is you need to know about -- Wednesday. And number three Yum! Brands reports earnings you may remember a few months ago a young shares were hit hard after a food safety scare and bird flu outbreak in China. You can imagine what that did for the demanded chicken. Investors will be looking for signs of recovery in the revenue numbers. Reuters also -- earnings per share of 54 cents compared to 67 cents a year ago. It's been a wild different company but the stocks up nearly 9% so far this year. Next stop a view a discount retailer Family Dollar reports Q3 earnings. Wall Street expects to see a slight decline in its prospects which I've missed analysts' targets in the previous two quarters. Intense competition from deep discount rivals has forced the company to work hard to find new growth opportunities. Analysts expected earnings per share of a dollar three. Down from a dollar 21 in the last quarter both Sterne -- and Deutsche Bank recently cut their price target on the stock. The stocks down nearly 10% over the past year. Your top story Ben Bernanke is back. Three weeks after his comments roil the markets the Fed -- is set to speak a few hours after minutes from the latest bad policy meeting are released. Investors are focused on the Q -- that follows where he'll face questions on the direction of monetary policy and whether the Fed will begin tapering in September. Especially after the better than expected June jobs growth. You can watch Bernanke speech live on Reuters Insider at 4:10 PM. You can follow us on Twitter and -- than fighter and get more videos and Reuters dot com slash writers TV. I'm -- not fat. This is Reuters.
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