Tomorrow's Earnings/Economic Releases of Note; Market Movers

Earnings of Note 
Company/Estimate 

Before the Open:

• (ABM)/.87
• (BIRK)/.26
• (GIS)/1.22
• (JBL)/1.88
• (TTC)/.95
  

After the Close: 

• (LEN)/4.15
• (MU)/1.76
• (SCS)/.22
• (WS)/.56
  

Economic Releases

8:30 am EST

• Housing Starts for Nov. is estimated to rise to 1345K versus 1311K in Oct.
• Building Permits for Nov. is estimated to fall to 1419K versus 1430K in Oct.
• The Current Account Deficit for 3Q is estimated to widen to -$287.1B versus -$266.8B in 2Q.
  

10:30 am EST

• Bloomberg consensus estimates call for a weekly crude oil inventory decline of -1,597,290 barrels versus a -1,425,000 barrel decline the prior week. Gasoline supplies are estimated to rise by +1,439,860 barrels versus a +5,086,000 barrel gain the prior week. Distillate inventories are estimated to rise by +1,002,140 barrels versus a +3,235,000 barrel gain the prior week. Finally, Refinery Utilization is estimated to fall by -.07% versus a -.9% decline prior.
  

2:00 pm EST

• The FOMC is expected to lower the benchmark Fed Funds rate to 4.25-4.5%.
  

Upcoming Splits

• (TSCO) 5-for-1

Other Potential Market Movers

• The FOMC press conference, Atlanta Fed GDPNow 4Q update, weekly MBA Mortgage Applications report and the (AZO) annual meeting could also impact global trading tomorrow.

US Equity Market Hours

• 9:30 am - 4:00 pm EST