Wall Street & The White House Agenda
@ The White House
In the morning, the President will host an Easter Prayer Breakfast at the White House, as he has done in previous years. Christian leaders from across the country will join the President at this breakfast for a time of prayer, reflection, and celebration of Easter. The Vice President will also deliver remarks.
Also in the morning, the President and the Vice President will receive the Presidential Daily Briefing in the Oval Office. The President will then meet with senior advisors in the Oval Office.
Later, the President will sign the Stop Trading on Congressional Knowledge (STOCK) Act, which makes clear that Members of Congress are subject to the same insider trading laws that apply to everyone else. This was legislation the President called on Congress to pass in his 2012 State of the Union Address. The Vice President will also attend.
@ Wall Street
Besides the ADP report, there is ISM nonmanufacturing data at 10 a.m. It is expected to decline to 56.9, from 57.3 last month. The European Central Bank also holds its rates meeting Wednesday morning, and ECB President Mario Draghi holds a press briefing before the New York opening bell.