@ The White House
In the morning, the President and the Vice President will receive the Presidential Daily Briefing in the Oval office. In the afternoon, the President and the Vice President will have lunch in the private dining room at the White House.
@ Wall Street
Producer Price Index (Nov.) We expect the November producer price index to rise 0.2%, with core prices up just 0.1%. Energy prices probably reversed about half of October's 1.4% drop, while food edged slightly higher. Producer price increases are slowing to a crawl, as soggy commodity prices intersect with soggy sales.
Industrial Production (Nov.) Industrial production scored an out-sized 0.7% gain in October thanks to the fourth consecutive monthly gain in motor vehicles, a whopper of a gain in mining, and a trivial dip in utilities?all wrapped around a solid month for most manufacturers. November does not look as robust, with vehicles losing a bit of ground, mining unable to repeat its strength, and utilities down on unseasonably warm weather that reduced heating demand. In combination with a modest gain in core manufacturing, this yields a slight 0.1% drop in overall production in November.
