26. August 2007 by Ana Connell.

Monday 27

Existing Home Sales-consensus 5.70M….. Year to year this number has dropped 11.4% and housing supply at 8.8 months.  June sales were down 3.8%.

3 & 6 Month Bill Auction

Tuesday 28

ICSC-USB Store Sales  Tracks comparable weekly sales from major retail chains and represents 10% of total retail sales.  Is considered to be one of the most timely indicators of consumer spending.

Redbook a timely indicator of consumer spending and also represents about 10% of total retail sales.  This measure tracks weekly sales from discounters, chain and department stores.

Consumer Confidence -Consensus 105

FOMC Minutes

4 Week Bill Auction & 20 Year Tips Auction

Wednesday 29

MBA Purchase Applications measures applications at mortgage lenders.  This is considered a leading indicator for single family home sales and housing construction.

EIA Petroleum Status Report reports on crude oil inventories in the U.S.

2 Year Note Auction

Thursday 30

GDP Consensus 4.0%

Corporate Profits 

Jobless Claims Unemployment claims.  Consensus 320K

Help Wanted Index

EIA Natural Gas Report-Tracks natural gas inventories.

3 and 6 month Treasury Bill Announcement Investors use this data to attempt to predict future Federal Reserve policy.

5 Year Auction

Money Supply

Friday 31

Federal Reserve Chairman Ben Bernanke speaks at the Federal Reserve Bank of Kansas City Economic Symposium at Jackson Hole, Wyo .

Personal Income Outlays-Consensus .3% Consumer spending Consensus is .4% Another measure to gauge consumer spending power.

NAPM-Chicago-Consensus 53-Business conditions in the Chicago area, another measure of economic growth.

Farm Prices

Consumer Sentiment Consensus 82.5

Factory Orders Consensus 3.2%

Last Friday’s new home sales report did raise some hopes that maybe things might be turning around.  We’ll see what the week ahead brings!

Posted in Economic Market Reports, Blogroll | Print | No Comments »

26. August 2007 by Ana Connell.

This post highlights certain items of interest coming up at the next Burbank City Council Meeting.

This week the Burbank City Council will be discussing the following items of interest:

Quiet Zone

This resolution, if passed, will look into designating the Buena Vista Street rail crossing a quiet zone. What this means to you is that for a 1/2 mile either way, trains cannot sound their horns.

Glenoaks Rehab

Council is looking into approving an agreement with City of Glendale where a Burbank portion of Glenoaks Bl. would be included in City of Glendale’s rehabilitation project. City of Burbank would contribute a portion of the cost, not to exceed $108,530.

The Burbank City Council meets at City Council Chambers in City Hall, 275 E. Olive Ave. Tuesday at 6:30pm.

Posted in Government Issues!, City News, Blogroll | Print | No Comments »