The Money Man Behind Rick Santorum: Who Is Foster S. Friess?
Savings Experiment: Snow Removal
U.S. stock futures were lower Friday morning, pointing to a weaker start on Wall Street after a solid rally so far this week as investors hope the economy is starting to stabilize. Today, more data is on tap, as President Obama is set to meet bank CEOs, but reports of layoffs at Google (NASDAQ: GOOG) and warnings from Accenture (NYSE: ACN) dampened sentiment.President Barack Obama is due to discuss the economic crisis and bank rescue plan with about 15 executives from the nation's largest banks, including JPMorgan Chase & Co (NYSE: JPM), Goldman Sachs (NYSE: GS) and Citigroup (NYSE: C). The meeting is due to begin at noon Eastern. The session will be the latest in a series of such meetings Obama has had with financial industry representatives and business executives.
Overseas, Asian stock markets were mostly modestly higher Friday, following Wall Street's gains Thursday, but European markets already opened mixed as the U.K. announced its economy contracted 1.6% in the fourth quarter, deeper than previously estimated as consumer spending and construction slumped the most since 1980.
At 8:30 a.m. Eastern, February's report on personal income and spending is due out. Personal income is expected to have slipped 0.1% in February, after rising 0.4% the prior month, according to Briefing.com. Personal spending is expected to rise 0.2% in February, after an increase of 0.6% the prior month. The report includes the Fed's favored inflation gauge, the PCE core deflator.
At 10:00 a.m., March University of Michigan's consumer sentiment index is due.
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
