@ The White House
In the morning, the President and the Vice President will receive the Presidential Daily Briefing in the Oval Office.
Later in the morning, the President will deliver remarks at the United Auto Workers conference in Washington, DC. The President?s remarks will be pooled press and will also be streamed live at www.WhiteHouse.gov/Live.
In the afternoon, the President and the Vice President will meet for lunch in the Private Dining Room.
Later, the President and the Vice President will meet with Secretary of Defense Leon Panetta in the Oval Office.
@ Wall Street
Durable Goods Orders (Jan.) Strength likely centered on aircraft orders, which countered normal first-month-of-quarter weakness in turbines, and a drag from other machinery categories that surged in December. Core capital goods orders will likely be restrained because of machinery, but otherwise grow respectably. Otherwise, defense orders could provide a major boost after a soft December.
S&P/Case-Shiller Home Price Index (Dec.) Year-on-year comparisons will likely deteriorate further, incorporating a projected 0.7% monthly drop in the seasonally adjusted 20-city composite index, same as in November.
Conference Board Consumer Confidence (Feb.) Consumer confidence should get a nice bounce from strengthening labor market conditions. Gasoline prices will be a drag, but not enough to offset better jobs.
