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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jun 30, 2021
Page
8
Wall Street analysts project General Mills will post a fourth quarter profit of 85 cents per share, aligning more with a 2019 pattern than 2020, reflecting a drop from last year as pantry stocking wanes. The Minneapolis based maker of Cheerios and Haagen Dazs is forecast to report earnings today.
A private sector hiring survey by ADP releases its June snapshot showing economists expect 550,000 new jobs, down from May's 978,220. The Labor Department will publish its broader payroll report on Friday to confirm the broader job growth.
Democratic Senator Maria Cantwell framed the Northwest heat wave as a call to action for the federal infrastructure package. She cited clean energy goals and greenhouse gas reductions to shield residents from extreme heat and boost resilience.
U.S. equity markets inched up toward record levels on a listless Tuesday as investors awaited major economic data due later in the week. The S&P 500 extended its rally after posting a fresh intraday high, while sentiment remained cautious amid anticipation of heavy reports.
Stocks fell more than they rose overall with banks and utilities lagging while tech shares advanced, helping temper weakness. A consumer confidence index continued to trend higher, signaling improving sentiment.
Kansas lawmakers face a more conservative Legislature as retirements and recruitment churn reshape the Senate and House. Veteran Sen. David Haley joined in 1994, Sen. Dennis Pyle since 2000, and Rep. Barbara Ballard since 1992, with Rep. Brenda Landwehr returning in 2016 after a 2012 departure. Political scientist Bob Beatty cites party strategy and Citizens United as forces driving funding and toxic discourse, while critics say low pay strains reelection efforts and limits diverse life experiences in the chamber.
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