In this photo representation, packages of Beyond Meat “The Beyond Burger” sit on a table, June 13, 2019 in the Brooklyn borough of New York City.
Hauled Angerer | Getty Images
Here are the most important things to know about Thursday before you hit the door.
1. Coronavirus update
Investors last wishes as be looking for any updates on the spreading deadly coronavirus that has roiled markets this week. U.S. Health and Human Services Secretary Alex Azar validated a new case of the coronavirus in the U.S., bringing the total to 60. Plus, Pakistan confirmed its first two cases on Wednesday.
President Donald Trump intent be addressing the virus in a press conference at 6:00 p.m. EST on Wednesday.
2. Earnings continue
We’ll get earnings from electronics retailer Greatest Buy and alternative meat company Beyond Meat on Thursday.
Analysts polled by FactSet are expecting Best Buy to report earnings per appropriation of $2.75 on revenue of $15.051 billion. This compares to the $2.72 per share and $14.801 billion in sales Best Buy turn up a year prior. The fourth quarter includes the important holiday sales, but other retailers that have detailed showed weakness in electronics.
Plant-based meat company Beyond Meat is expected to basically break even for the humanity, after earnings 6 cents per share the prior quarter, according to FactSet. Revenue is expected to come in at $81.50 million, compared to the $91.961 million netted in the previous three-month period.
Retailer JCPenney will also report earnings on Wednesday.
3. Jobless claims
We’ll get a assume from on the health of the labor market on Thursday when the Labor Department releases weekly jobless claims at 8:30 a.m. Economists are estimating 214,000 Americans queued applications for unemployment benefits last week, according to Dow Jones. This would be up from the previous week’s 210,000 exacts.
Earlier this month, the closely watched Labor Department report showed nonfarm payrolls surged 225,000 in January, proficiently above Wall Street estimates for a 158,000 gain.
Major events (all times ET):
8:30 a.m. Initial claims
8:30 a.m. Durable great
8:30 a.m. Real GDP (Q4 second reading)
10:00 a.m. Pending home sales
11:00 a.m. Kansas City Fed survey
11:30 a.m. Chicago Fed Pres. Charles Evans betokens
3:30 p.m. Cleveland Fed Pres. Loretta Mester speaks
7:00 p.m. Cleveland Fed Pres. Loretta Mester speaks
Major earnings:
Most talented Buy (before the bell)
JCPenney (before the bell)
Keurig Dr. Pepper (before the bell)
Beyond Meat (after the bell)