Economic Indicators
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U.S. stock futures rise on fiscal-cliff optimism
U.S. stock-index futures rose, indicating the Standard & Poor’s 500 Index will extend a three- week high, amid optimism President Barack Obama will reach an agreement with Congress over a new budget. more
U.S. stock-index futures advance; S&P 500 may extend weekly jump
U.S. stock futures rose after German business confidence unexpectedly climbed, signaling the Standard & Poor’s 500 Index will extend its biggest weekly gain in five months as markets open after Thanksgiving. more
U.S. stock futures advance amid Obama optimism on budget talks
U.S. stock futures advanced, indicating that the Standard & Poor’s 500 Index will gain for a second straight day, as President Barack Obama expressed confidence that he will reach a budget agreement with Congress. more
U.S. stock futures advance as Obama prepares for budget talks
U.S. stock futures advanced, with the Standard & Poor’s 500 Index poised for a second weekly decline, as President Barack Obama prepared to meet Republican lawmakers for talks to prevent tax increases and spending cuts from automatically coming into force next year. more
Emerging stocks gain most in 3 weeks on Obama election win
Emerging-market stocks rose, driving the benchmark index to its biggest gain in three weeks, and currencies strengthened after U.S. President Barack Obama won re-election. more
Oil trades near 4-month low on Greece concern, U.S. elections
Oil traded near the lowest level in almost four months in New York amid concern that Greece will struggle to secure another bailout and uncertainty over who will win tomorrow’s U.S. presidential elections. more
Consumer optimism rising with stocks lifts Obama’s odds
Improving consumer moods bolster President Barack Obama’s re-election prospects in a campaign that has been largely fought on economic issues, said Andrew Kohut, president of the Pew Research Center in Washington. more
S&P 500 poised for worst week since June on economic concern
U.S. stocks fell, sending the Standard & Poor’s 500 Index toward its worst week since June, as business activity unexpectedly contracted in September and investors awaited results of stress tests on Spanish banks. more
R.I. restaurant-sales growth among nation’s worst
Rhode Island’s projected 2.3 percent restaurant-sales growth for 2012 is among the worst in the country, besting only Vermont and West Virginia, at 2.2 percent each, and can be at least partially blamed on its slow population growth and high unemployment rate, according to National Restaurant Association research. more

By Rebecca Keister
PBN Staff Writer | 10/1/12

This isn’t 2008: Housing AWOL from trail
Call it the political elephant in the room: 1.2 million families across the country are now at some stage of foreclosure, 3.8 million homeowners have been foreclosed upon since September 2008, 11.4 million are underwater on their mortgages, $6.5 trillion in home equity has been lost by owners since 2005, home building and sales are intimately linked with job creation, yet the subject of housing policy was virtually a no-show in either the Democratic or Republican conventions or in the party platforms. more
10/1/12
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