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The Week Ahead: GM earnings, Obama budget, retail sales

Friday, February 10, 2012 - 02:02

Feb. 10 - How much of a loss investors expect from GM's Europe unit, what President Obama's budget may contain, and a preview of retail sales in our U.S. Week Ahead.

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Here is your US week ahead General Motors reports fourth quarter results on Thursday. The auto maker already announced that its final of the world's top selling automaker in 2011. So the focus now is on the finer points of its financials including the performance of its struggling European unit. Unless there's some disaster in the numbers the real focus is going to be on. Europe in the -- operations which have been huge drag for -- losing money they've. Been unable to restructure the operations to return to profitability. And people wanna see what the trend is there but sources have told Reuters that the losses going to be between. 300 million. And about 570. Million. Other companies reporting next week include Avon broadcasters CBS marry odd and applied materials. You expected to see it gain earnings per share vs a year ago to -- decline. We'll find out what president of and Obama's budget proposal when he releases and on Monday commander -- she expected to focus on his election themes of fairness and equality. The proposal likely repeat his call Martin millionaire's tax and deficit reduction. -- Reuters White House correspondent Jeff Mason sees little chance it will get approved by congress. Tuesday the president meets with Chinese vice president she aging game the G-8 era is set to become the hot party leader this fall. And president in 2013. -- In Haiti will serve as a chance for that to get acquainted before she's promotion. A full calendar of economic reports on tap including retail sales on Tuesday. Top -- IFR markets looking for the January figures showed the strongest gains since September. I have bars as strong weekly chain stores sales suggest. Consumers are picking up the pace other reports out and -- that -- minutes from the January meeting the Producer Price Index. Consumer Price Index I'm Rhonda -- this is writers.

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The Week Ahead: GM earnings, Obama budget, retail sales

Friday, February 10, 2012 - 02:02