The Day Ahead: Thursday

November 4, 2009

Sales results will pour in from a wide range of chain retailers, while investors who bought media shares on hopes for an ad comeback will look to CBS for guidance.

*Chain stores ranging from J.C. Penney to Target to Gap report their October monthly sales results.

*Starbucks reports fiscal fourth quarter results. After months of slashing costs and closing stores, the coffee chain’s turnaround appears to be at hand.

*On the economic front, more strength is forecast for productivity in the third quarter, with the Labor Department scheduled to issue preliminary nonfarm productivity and costs data at 8:30 a.m. EST.

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