What to Watch Tuesday: Container Store Earnings, JOLTS
For Tuesday, July 7 TheStreet highlights one company scheduled to report its latest quarterly financial results as well as the key economic data to watch on Wall Street as traders get back into the swing of things after the long holiday weekend. The new earnings season starts off with financial results from the Container Store Group Inc (TCS) after the market close closes. On the economic calendar, we point out key data including international trade, the Redbook, the JOLTS report, and consumer credit for the month of May. International trade is composed of merchandise, or tangible goods, and services. It is available nationally by export, import and trade balance. The Redbook is a weekly indicator of consumer spending. It measures comparable store sales at chain stores, discounters, and department stores. The Labor Department's JOLTS, or Job Openings and Labor Turnover Survey, defines job openings as all positions that are open on the last business day of the month. TheStreet's Kurumi Fukushima reports in New York.