Investors will keep an eye on developments in Washington, of course. As well, speeches by three different regional Fed presidents could shape sentiments on the stimulus tapering debate.
In Minnesota this morning, the big event is a speech by Facebook chief operating officer Sheryl Sandberg at the Grace Hopper Celebration of Women in Computing, taking place this week at the Minneapolis Convention Center.
National business columnist Al Lewis had some tough words for Kenneth Frazier, the chief officer executive of Merck & Co. From Al's latest column:
On Tuesday, as Americans awoke to a partially shuttered government and a confusing new health care system, he put out a press release promising to lay off 8,500 more people.
On top of a previously announced plan to slash 7,500 employees, this represents a 20% trim to Merck’s current workforce of about 81,000.
“These actions will make Merck a more competitive company,” Frazier said announced in a press release. ... Merck will be “better positioned to drive innovation,” Frazier said.
MORE on the new stores at Paragon Outlets
Of the 19 new retailers just announced at Paragon Outlets in Eagan, eight are exclusive to Minnesota. American Eagle, Asics, Calphalon,Cole Haan, Crabtree & Evelyn, Helzberg Diamonds Outlet, Watch Station and White House/Black Market do not have stores in any other outlet mall in Minnesota. Other tenants previously announced that will be exclusive in the state include Janie & Jack, J Crew, and Johnston & Murphy. All are true outlet stores, not regular-price stores masquerading as an outlet.
I'll have a full story later today.