Tuesday Morning in New York: Inflation Numbers at 8:30, the Warmest Day of the Week, and Another Early Night for the 5 Train
Tuesday is the week's hinge. The inflation report that decides the market's week lands at 8:30 a.m., the weather gives the city its warmest and driest day, the parade rehearses its final day of prep — and the 5 train clocks out early for the second straight night.
Start with the number. At 8:30 a.m. Eastern the Bureau of Labor Statistics releases October inflation: economists expect headline prices up 0.3% for the month and core prices up 0.2%, and — because last year's shutdown left a hole in the data — there will be no annual rate to headline it. Stock futures spent Monday night nearly flat waiting for exactly this, after Monday's rally (S&P 500 up 2.35%) put the week's gains in the bank early. By 9:30, the city's biggest industry will know whether the rally was a beginning or a head fake.
Then look up. Tuesday is the best weather day of the week: a high of 61.8 under overcast skies with the rain chance at 2%. Wednesday stays dry — 57.9 degrees and a 0% rain chance — for the Veterans Day Parade's 12:30 p.m. step-off on Fifth Avenue. Thursday brings the rain (68%) and Friday keeps it colder, so the week's outdoor business belongs to the next 48 hours.
Mind the ride home. The 5 train ends early again Tuesday night — from 8:15 p.m., no service between Bowling Green and East 180th Street, the second of four straight early nights running through Thursday; the 4 and 6 carry the corridor. And for everyone who stayed up for it: Monday Night Football went to halftime tied 3-3 between the Bills and the Vikings in Minneapolis — a field-goal game between 6-1 teams — with the final in this station's morning sports file.
One more line for the early risers: Monday night's Powerball drawing was set for 10:59 p.m. Eastern, and its numbers lead the morning lottery check. Coffee, the 8:30 number, the warm day — Tuesday is ready when you are.
