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Philadelphia Fed Survey: The demand for manufactured goods, remained low, falling slightly more than 1 point to 5.8 in Aug. The current shipments index rebounded 12 points to 16.7. The percentage of firms reporting an increase in employees in Aug. of 21% exceeded the percentage reporting a decrease, 16%. Diffusion index increased 6 points, to 5.3.
What will be an ideal EPS range for $PZZA in its earnings today?
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.