![]() ![]() On Friday, FMSA Holdings is expected to debut. Under new CEO Marcelo Claure, the company has engaged in a series of aggressive price discounts aimed at recovering subscribers lost during a network overhaul that caused gaps in service. The third-largest wireless company has been reeling from a collapsed bid for T-Mobile. Sprint’s CFO, Joe Euteneuer, is scheduled to speak at the Deutsche Bank 22nd Annual leveraged Financial Conference on Wednesday. Analysts expect earnings per share to increase to $1.15 from the previously announced 96 cents. For the previous quarter, the company reported higher-than-expected quarterly revenue, helped by increased sales of its beer brands such as Corona and Modelo. Constellation Brands is expected to report second-quarter results before markets open on Thursday. Separately, on the same day, Federal Reserve Bank of Atlanta President Dennis Lockhart gives opening remarks before the Federal Reserve Bank of Atlanta Center for Human Capital Studies conference, “Employment and Social Insurance”. Perhaps of greater interest will be a paper former Obama adviser Lawrence Summers and co-authors will present on Tuesday on government debt management when interest rates are near zero Fed Governor Jerome Powell is among the discussants. Louis Fed chief James Bullard, who speaks on Thursday, is unlikely to shift his view that the Fed should start tightening monetary policy late in the first quarter of next year. On Tuesday, Federal Reserve Board Governor Jerome Powell participates in panel to discuss paper, “Government Debt Management at the Zero Lower Bound” before the Hutchins Center on Fiscal and Monetary Policy in Washington. After a torrent of remarks from Federal Reserve officials over the past week, financial markets will have much less to digest in the week ahead. The ISM is expected to report that its nonmanufacturing index eased a bit to 59.0 in September from 59.6 in August. The unemployment rate is seen holding steady at 6.1 percent. On Friday, the Labor Department is expected to report that nonfarm payrolls increased 219,000 in September after rising 142,000 in August. Automobile manufacturers are expected to report sales slowed to a 16.8 million-unit rate in September from a brisk 17.53 million unit-pace in August. On Wednesday, the Institute for Supply Management is expected to report that its national manufacturing index dipped to 58.5 in September from a reading of 59 in August. ![]() All times in ET/GMT) WEEK AHEAD A rush of data next week will offer fresh clues on the U.S. Thomson One users can register at RT/DAY/US. To receive The Day Ahead, Eikon users can register at. (The Day Ahead is an email and PDF publication that includes the day’s major stories and events, analyses and other features. ![]()
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