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U.S. Day Ahead: Economy to top State of the Union speech

Tuesday, January 24, 2012 - 02:46

Jan. 23 - President Barack Obama is expected to repeat calls for higher taxes on the wealthy and steps to aid the anemic housing sector in Tuesday's State of the Union address.

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Parents you're US day ahead expect the economy be front and center when president Barack Obama gives his state of the union speech. At 9 PM -- -- three key calls for a high taxes on the wealthy. Tax breaks to bring American manufacturing jobs home. And steps to -- in -- housing sector this speech will be his last major address before the November election. Voters rate the economy is one of the most important issues. The apple job or not it's expected to keep on rolling when it reports after the close. It's titans should -- first quarter earnings rise to ten dollars seven cents a share. Thanks to help the iPhone and iPad sales start I says there is even higher probability it could be by 51 cents. But Reuters technology editor and media by anchor Peter Clarke says. Apple could become a victim of its own success. For the company to continue on its growth -- -- have to sell millions and millions of products or creed and new products that'll add billions of dollars to its bottom line. So what investors are basically trying to figure out travel is what is the new norm for this company. The Federal Reserve could make an historic shift as it begins its two day policy meeting. Is that bank may announce interest rate forecasts as well as an explicit inflation target. This would fulfill a law -- quest by fed chief Ben Bernanke to make the institution more transparent. That meeting wraps up on Wednesday. Also get a snapshot of the health of the global recovery from the International Monetary Fund with the release of its we're economic outlook at 10 AM. US corporate earnings will be dominated by the fourth quarter results from industrials retail attack. California open we will hear from Baker Hughes DuPont and McDonald's and Verizon. After the close troubles search engine giant Yahoo! reports. Republican presidential candidate Romney plans -- these tax returns for the last two years recently he admitted the flat. Over his returns hurt him in the South Carolina primary. Where he lost to Newt Gingrich the former Massachusetts governor has that he hated tax rate of around 15%. Although many American wage earners but in line with wealthy individuals who earn income from investments. I'm Rhonda schaffler this is Reuters Insider at writers insiders coverage. Of the world economic form from Davos Switzerland all this week.

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U.S. Day Ahead: Economy to top State of the Union speech

Tuesday, January 24, 2012 - 02:46