Wall Street & The White House Agenda

@ The White House

In the morning, the President will deliver a statement on the Buffett Rule. Later in the morning, the President will receive the Presidential Daily Briefing in the Oval Office. In the afternoon, the President will meet with Secretary of Defense Panetta in the Oval Office. Later, the President will attend a campaign event in Washington, DC.

@ Wall Street

Companies to watch Wednesday, include Progressive, which has earnings ahead of the opening bell, and Carnival, which holds its shareholder meeting in Miami Beach, Fla. at 10 a.m.

Besides Yellen, Fed Vice Chair who speaks at 7 p.m. Fed speeches during the day include Kansas City Fed President Esther George, at 9:30 a.m. on financial stability; Boston Fed President Eric Rosengren at 10:30 a.m. joins a panel on financial reform; Atlanta Fed President Dennis Lockhart at 12 p.m. on financial reform, and St. Louis Fed President James Bullard, at 5 p.m. makes comments and takes questions at a lecture at the St. Louis Fed.

Otherwise, traders will be watching for headlines from the Fed?s beige book on the economy, released at 2 p.m. There are also import prices at 8:30 a.m., and importantly, the auction of $29 billion in reopened 10-year notes at 1 p.m.