@ Wall Street
Durable Goods Orders (Aug.)
Durable goods orders surged 4.0% in July, driven by aircraft orders. We expect orders to be flat in August. Boeing received another 100-airplane order, this time from Delta, so aircraft orders should climb higher.
But the rest of the picture won't look good. Core capital goods orders should fall about 1%, and motor vehicle and metals orders should be down sharply after a very strong July.
@ The White House
In the morning, the President will participate in an ?Open for Questions? roundtable in which he will respond to questions from readers of Yahoo!, MSN Latino, and AOL Latino/Huffington Post Latino Voices on the issues that matter most to the Hispanic community and all Americans. The ?Open for Questions? event will be streamed live at whitehouse.gov/live in both English and dubbed into Spanish.
In the afternoon, the President and the Vice President will meet for lunch in the Private Dining Room. Later in the afternoon, the President will deliver his third annual Back-to-School Speech at Benjamin Banneker Academic High School in Washington, DC.
The President?s Back-to-School Speech is an opportunity to speak directly to students across the country. The President will encourage students to study hard so that they can reach their potential and take the country to new heights.
Later, the President and the Vice President will then meet with Secretary of Defense Panetta in the Oval Office.
