The day ahead: Thursday

November 11, 2009

Wal-Mart sales numbers will hold the spotlight along with results from Walt Disney and Anheuser-Busch InBev.

Highlights:

*   Wal-Mart is expected to report higher third-quarter earnings, but Wall Street is focused on U.S. sales, which the retailer has stopped reporting on a monthly basis.

*  Walt Disney is expected to report earnings of 41 cents per share and further emphasize a recovery in advertising sales seen at the cable networks of competitors Time Warner and Viacom.

*  Anheuser-Busch InBev is braced to report a decline in consumption of its beers such as Budweiser, Stella Artois and Beck’s, weighing on profits in the first half.

*  At the fourth day of the Reuters Health Summit being held in New York, we speak with FDA Commissioner Margaret Hamburg, GlaxoSmithKline CEO Andrew Witty, and Schering-Plough CEO Fred Hassan.

*  Treasury Secretary Timothy Geithner arrives in Singapore for a meeting of finance ministers from the 21-nation Asia-Pacific Economic Cooperation.

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