NFL season in judge's hands? One of five things to watch April 6.
NFL season could be saved if judge lifts an injunction on the lockout. Plus: Monsanto and Bed Bath & Beyond earnings and hot rental housing market.
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Key earnings bookends, the red hot rental market, and everyone's favorite toxic assets. We called Rep. Paul Ryan the $4 trillion man for his proposed cuts over 10 years. He rocked Washington with a sweeping $5.2 trillion plan, which will keep reverberating as a government shutdown looms. Here's what else is on tap for Wednesday…
1. The Mind of Dimon: As early as Wednesday, JPMorgan Chase chief Jamie Dimon will release his annual letter. His comments will surely include pointed criticism of an environment of perceived over-regulation. Banks will be digesting the effects of the Dodd-Frank legislation for years and, as recently as today, Dimon questioned the economic hindrance caused by Basel III capital requirements. JPMorgan Chase shares have been on a good run thus far in 2011, and the company will report quarterly earnings on April 13.
2. Tale of Two Earnings: Get ready for the frenzy of earnings season beginning next with a pair of key companies reporting Wednesday. Before the opening bell, agricultural giant Monsanto is due to release quarterly results. Analysts anticipate earnings per share of $1.85. Retailer Bed Bath & Beyond reports earnings after the market close, with consensus EPS estimate at 97 cents a share. Both will be key drivers in what's been a quiet stock market the past few days.
3. Auctioning Maiden Lane: Final bids are due at 1:00pm ET Wednesday in the first round of rolling auctions for the New York Fed's Maiden Lane II portfolio (also known as AIG's formerly toxic assets). AIG made its pitch to the New York Fed last week, with a bid for the securities outright. That bid was rejected and with the auction process in place, the famously soured assets will go to the winning bidders.