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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jan 14, 2023
Page
8
Procter & Gamble is due to report its second quarter results Thursday. The Cincinnati based maker of Tide detergent and Bounty paper towels is expected to show profit at $1.58 a share, down from $1.66 a year earlier. The firm had topped $20 billion in sales in Q1 but warned a strong dollar could affect results.
PPG Industries, owner of Glidden in Pittsburgh, is set to report Q4 results with forecasts of $1.13 a share, down from $1.26 a year earlier. Analysts surveyed by FactSet anticipate a continued profit decline, while shares have risen about 15 percent since October on optimism of margin recovery into 2023.
Natural gas prices plunged more than 7 percent while U S crude rose nearly 2 percent and wholesale gasoline closed up 2 3 percent Gold and silver gained more than 1 percent Treasury Secretary Janet Yellen warned the U S could hit its debt limit next Thursday and would use extraordinary measures to avert default
The S&P 500 posted its best week in two months as earnings season opened and CEOs outlined strategies for high inflation and a slowing economy. Dow and Nasdaq drifted with Delta Air Lines issuing a weak Q1 forecast, weighing indices.
Lawrence Parks and Recreation will not implement the proposed $3 daily entry fee for Sports Pavilion Lawrence Holcom Park Recreation Center East Lawrence Recreation Center and the Lawrence Community Building plus the nature center. Instead the department will pursue special events programs sponsorships and a new seven to ten year plan after strong public opposition and a city commission vote to raise program fees 10 to 60 percent effective February 1.
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