On Tap Today: Fed Announces Hike; Amazon Presents at Confab, Reports Results - TheStreet

On Tap Today: Fed Announces Hike; Amazon Presents at Confab, Reports Results

Check out today's big earnings reports, economic data, Banc of America conference schedule and more, right here.
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Decision time arrives at last around 2:15 p.m. EST, when the

Federal Open Market Committee

announces its interest-rate move. One can predict some kind of rate hike with metaphysical certitude, as

John McLaughlin

would say. Almost everyone on Wall Street is predicting a 25-basis-point rise in the

fed funds rate

, but there's some small chance of an aggressive 50-point move.

Amazon.com

(AMZN) - Get Report

is among the leading presenters as the

Banc of America Securities Technology Week 2000

conference continues, and the e-commerce giant is expected to report its fourth-quarter results today as well. See others on the earnings and conferences slates below.

Expected Earnings Reports

(

This table includes S&P 500 companies only. Dates are as expected according to First Call/Thomson Financial, and may change. The full week's earnings calendar is published separately.

)

* Possibly reporting

Economic Data

(

Forecasts are from

Reuters

. Times are Eastern. For a longer-term economic calendar and more, see

TSC's

Economic Databank.

)

  • 7 a.m.:Mortgage Applications Survey for the week ended Jan. 28 -- Refinancing Index. Source: Mortgage Bankers Association. Forecast: N/A. Previous: 413.6.
  • 7 a.m.:Mortgage Applications Survey for the week ended Jan. 28 -- Purchase Index. Source: Mortgage Bankers Association. Forecast: N/A. Previous: 286.1.
  • 10 a.m.:Leading economic indicators for December. Source: Conference Board. Forecast: N/A. Previous: +0.3%.
  • 8:30 a.m.:New home sales for December. Source: Census Bureau. Forecast: 814,000. Previous: 865,000.
  • 6:30 p.m.:Consumer Comfort Index for the week ended Jan. 29. Source: Money Magazine and ABC News. Forecast: N/A. Previous: 35.

Conferences and Meetings

Federal Open Market Committee

meeting, Washington. Last of two days.

Banc of America Securities Technology Week 2000

,

Ritz-Carlton

, San Francisco. Second of four days. Public companies presenting today (times Eastern):

  • 10 a.m.: Breakfast speaker: Intel (INTC) - Get Report CFO Andy Bryant.
  • 11 a.m.: Amazon.com, Visual Networks (VNWK) .
  • 11:30 a.m.: Siebel Systems (SEBL) , Macromedia (MACR) , Integrated Device Technology (IDTI) - Get Report.
  • Noon: Applied Materials (AMAT) - Get Report, Seagate (SEG) , CDW Computer Centers (CDWC) .
  • 12:45 p.m.: Motorola (MOT) , PMC-Sierra (PMCS) , Silknet Software (SILK) - Get Report.
  • 1:15 p.m.: Oracle (ORCL) - Get Report, E-Tek Dynamics (ETEK) , Photronics (PLAB) - Get Report, eCollege.com (ECLG) .
  • 1:45 p.m.: Solectron (SLR) , Symantec (SYMC) - Get Report, Atmel (ATML) .
  • 2:15 p.m.: RealNetworks (RNWK) - Get Report, Vitesse Semiconductor (VTSS) , Symbol Technologies (SBL) .
  • 2:45 p.m.: Cymer (CYMI) .
  • 3:15 p.m.: Lunch speaker: Vinod Khosla, general partner at Kleiner Perkins Caufield & Byers.
  • 5:10 p.m.: Internet Capital Group (ICGE) , Ancor Communications (ANCR) , Photon Dynamics (PHTN) .
  • 5:40 p.m.: Altera (ALTR) - Get Report, Sawtech (SAWS) .
  • 6:10 p.m.: Broadcom (BRCM) , Inktomi (INKT) , Ultratech Stepper (UTEK) .
  • 6:40 p.m.: Phone.com (PHCM) , E-Stamp (ESTM) , PLX Technology (PLXT) .
  • 7:10 p.m.: Telescan (TSCN) , InterVoice-Brite (INTV) .
  • 7:40 p.m.: USinternetworking (USIX) .

Treasury Auctions

  • Refunding announcement: The Treasury Department announces the size of its next quarterly refunding. Five-, 10- and 30-year notes and bonds will be sold next Tuesday, Wednesday and Thursday.