@ The White House
In the morning, the President will receive the Presidential Daily Briefing in the Oval Office.
Later in the morning, the President will travel to Nashua, New Hampshire.
In Nashua, the President will tour and deliver remarks to continue to discuss his blueprint for an economy built to last with a focus on American energy at Nashua Community College.
In the afternoon, the President will depart Nashua, New Hampshire to New York City.
In the evening, the President will deliver remarks at four campaign events. In the evening, the President will return to Washington, DC.
@ Wall Street
Personal Income, Consumption, and Prices (Jan.)
In addition to job gains, there were two other sources of income growth in January. First, the National Defense Authorization Act resulted in a 1.6% pay increase for defense service members starting on January 1st.
This will increase government wage and salary disbursements for the first time in four months. Second, Social Security re-indexing kicked in ? there has been no cost of living allowance increase for social security recipients since 2009.
Consumer spending likely grew after a flat December as better job prospects and unseasonably warmer weather assisted in getting people to auto dealerships and shopping malls, despite rising gasoline prices. Core PCE inflation should clock a 0.2% pace, with the year-on-year rate holding at 1.8%.
ISM Manufacturing Index (Feb.)
Current measurements for shipments and orders were solid in regional manufacturing readings this month, and should carry over to the national ISM score. Export orders should be watched for signs of drag coming from Europe, and supplier deliveries for problems in the supply chain during this early-2012 manufacturing boomlet.
Construction Spending (Jan.)
January?s mild weather is the main driver behind strong construction numbers
Motor Vehicle Sales (Feb.)
Healthy light vehicle sales are expected to have continued into February, with little impact (so far) from higher gas prices. Rising inventory levels and marketing programs should remain incentives for re-emerging consumers.
