@ The White House
In the morning, the President and the First Lady will welcome President Lee Myung-bak and First Lady Kim Yoon-ok of the Republic of Korea to the White House. The Vice President will also attend.
Later in the morning, the President will hold a bilateral meeting with President Lee in the Oval Office. The Vice President will also attend. There will be a stills only pool spray at the bottom of the meeting. The President will then hold an expanded bilateral meeting with President Lee and the Official U.S. and Official Korean Delegations in the Cabinet Room.
In the afternoon, the President will hold a joint press conference with President Lee in the Rose Garden.
In the evening, the President and the First Lady will welcome President Lee and First Lady Kim at the North Portico. This arrival is pooled for TV and correspondents and open to pre-credentialed still photographers. The deadline to request media credentials has passed. The President and the First Lady will then take the official photo with President Lee and First Lady Kim on the Grand Staircase. This is pooled press.
Later, the President and the First Lady will host a State Dinner in honor of President Lee. The Vice President and Dr. Biden will also attend. The President and President Lee will each give a toast. The toast remarks during the dinner are pooled press. Following the dinner, the President and the First Lady will attend the State Dinner reception with President Lee in the State Dining Room. There will be pooled press coverage of this event.
Also, at 4:30PM, following a meeting with Chief of Staff Bill Daley, Governor O?Malley of Maryland, Governor Gregoire of Washington and Governor Dayton of Minnesota will be available at the stakeout to discuss the importance of passing the American Jobs Act so we can immediately put workers back on the job and put more money in the pockets of working Americans.
@ Wall Street
Trade Balance (Aug.)
According to IHS Global Insight, exports should retreat modestly after a very strong rebound in July. On the import front, we expect little movement from petroleum imports, while nonpetroleum imports should decline after a strong uptick in July.
Trade should provide a boost of around 1.0 percentage point to growth in the third quarter (after adding 0.2 percentage-points to the second quarter), as export growth improves and imports fall slightly.
