October 28, 2019

State Chamber Update

This is a very interesting time in the business world, especially if you watch the market and geek-out (as I do) on earnings! According to MarketWatch.com, “Apple, Exxon Mobil and Facebook are three of the more than 150 S&P companies that will report in the coming week, even more than in the crowded week before.” It will be interesting to see how Beyond Meat Inc. does this week and other first-time reporters like Lyft and Pintrest who will report on Wednesday and Thursday, respectively.

On the other side of the age spectrum, General Electric will report on Wednesday. General Motors will share earnings on Tuesday, along with MasterCard, Merck, AMD and Grubhub. On Wednesday, the Federal Reserve will meet again and comment about interest rates. On Thursday, Bristol Meyers Squibb and Estee Lauder report. Finally, check out the latest Delaware Department of Labor statistics for unemployment in the U.S. and in the First State for September.  

News You Can Use

The Case-Shiller home price index for August and pending home sales data for September are public on Tuesday. On Thursday we’ll see personal income and consumer spending data for September. We close a very busy week with construction spending numbers for September on Friday.  

Michael J. Quaranta

President

Delaware State Chamber of Commerce

Founded in 1850, and located in Marcigny, a small town in the province of Burgundy, France, Emile Henry has established a worldwide reputation for manufacturing the finest quality ceramic ovenware, gourmet cooking products and bakeware products. Still owned and operated by the Henry family, the company today manufactures all of their new cooking products from Burgundy clay using their proprietary High Resistance Oven Ceramic state-of-the-art manufacturing process.