Retail sales, industrial numbers, largest Starbucks: 3 things to watch for in the markets on Friday
At 9:15 a.m. we'll get industrial production for October, which measures the output from manufacturing, mining, and utility companies. The street is expecting total production to slip 0.5%, weighed down in part by the United Auto Workers strike which ended in mid-October., also hit by the strike, so this would be the second straight month of declines.
Manufacturing numbers for October will also be released at 9:15 a.m. According to the Federal Reserve, in the 12 months through September manufacturing production fell 0.9%. Disruptions and uncertainties from the US-China trade war, now in its sixteenth month, are among the things that have pressured production.
Workers manufacture steel reinforcement bars that are used in support structures like the Lincoln TunnelAlso on the docket is the Empire State Manufacturing Index, which is a closely followed gauge of output from the New York area, as well as import and export prices and business inventories. Abroad, the focus will be on the Eurozone, where we'll get October's Consumer Price Index and trade balance readings. This comes after Germany — the bloc's largest economy — just barely avoided the technical definition of a recession when it
. Two consecutive quarters of contraction signifies a recession, and in the second quarter GDP was -0.2%., on Chicago's "magnificent mile," will open its doors on Friday.spread across five floors, has three coffee bars, an artisanal bakery and cafe, and a cocktail bar. The centerpiece is a 56-foot tall steel cask full of pre-roasted coffee beans.This is the company's sixth Reserve Roastery. The other locations are Seattle, Shanghai, Milan, New York and Tokyo.
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