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Showing posts with the label CNBC Senior Producer - Today's Morning Brief July 30

From the Desk of Peter Schacknow, CNBC Senior Producer - Today's Morning Brief July 30, 2013.

Wall Street caution still evident ahead of Fed meeting Peter Schacknow, Senior Producer, CNBC Breaking News Desk U.S. stocks come off yet another day of modest movement, with Fed policymakers set to begin a two-day meeting today. In an indication of just how strong the market has been during July, Monday's nearly 37 point loss for the Dow was its biggest since July 2. While investors await the Fed's policy statement Wednesday, they'll have a handful of economic reports to consider in the day ahead. The S&P/Case-Shiller report on home prices for May will be out at 9 a.m. ET, with economists looking for a 12.4 percent year-over-year increase in prices for the report's 20-city index. The Conference Board issues its July Consumer Confidence Index at 10 a.m. ET, with forecasts calling for a reading of 81.5 compared to June's 81.4. Dow components Merck (MRK) and Pfizer (PFE) lead the list of this morning's corporate earnings reports, with