Feb. 15 - Market awaits newest jobless claims numbers while companies report earnings. Reuters reporter Deepa Seetharaman says General Motors is going to face tough questions about Opel and pensions tomorrow.
Here -- you're US day ahead it is a busy day for Washington's big money meant. US Treasury Secretary Timothy Geithner testifies before both the house and senate budget committee on president Barack Obama's budget proposal. Lawmakers are already expressing skepticism. Over proposed cuts in the defense budget. Meantime -- chairman Ben Bernanke will also be in the spotlight he's speaking on community banking. And it FDIC conference. Also on the agenda initial jobless claims the number of Americans signing up for unemployment benefits rose slightly to 365000. According to the newest Reuters poll. -- we open up surprised analysts when it came in much slower than expected the Philly Fed index is another economic indicator coming out tomorrow morning analysts polled by Reuters expect the index to rise to nine point five in January. Up from December's disappointing seven point three. Tomorrow we'll also get housing starts and building permits data or Reuters Paul critics housing starts to come in at 675000. Last month the numbers reveal that housing starts fell four point 1%. To a seasonally adjusted annual rate of 657000. Units. Building permits are also expected to come in at 680000. A slight him. And over the prior month. General Motors will report fourth quarter earnings tomorrow Reuters reporter deepest -- -- that losses in Europe will ride. From the third quarter -- is expected to report its smallest quarterly profit yet since its IPO in that company is likely to face a serious questions about Opel and struggling European unit. As well as its pension risk. They're expected to outline some kind of plan to reduce that it pension liability. And analysts are hoping for any Kennedy time at all on what to do it -- losses at -- Also on the did you earnings from applied materials DirecTV JM Smucker Molson Coors Brewing. And Waste Management I'm Rhonda schaffler is that Reuters Insider.