by Calculated Risk on 5/14/2014 07:17:00 PM

Thursday:
• At 8:30 AM ET, the initial weekly unemployment claims report will be released. The consensus is for claims to decrease to 317 thousand from 319 thousand.

• Also at 8:30 AM, the Consumer Price Index for April. The consensus is for a 0.3% increase in CPI in April and for core CPI to increase 0.1%.

• Also at 8:30 AM, the NY Fed Empire Manufacturing Survey for May. The consensus is for a reading of 5.0, up from 1.3 in April (above zero is expansion).

• At 9:15 AM, the Fed will release Industrial Production and Capacity Utilization for April. The consensus is for no change in Industrial Production, and for Capacity Utilization to decrease to 79.1%.

• At 10:00 AM, the May NAHB homebuilder survey. The consensus is for a reading of 48, up from 47 in April. Any number below 50 indicates that more builders view sales conditions as poor than good.

• Also at 10:00 AM, the Philly Fed manufacturing survey for May. The consensus is for a reading of 12.5, down from 16.6 last month (above zero indicates expansion).

• Also at 10:00 AM, the Mortgage Bankers Association (MBA) Q1 2014 National Delinquency Survey (NDS).

• At 6:10 PM, Speech by Fed Chair Janet Yellen, Small Businesses and the Economy, National Small Business Week 2014, Washington, D.C

Click on photo for larger image.

The San Diego fire today from Color Spot's nursery in Fallbrook.

Photo from a friend at Color Spot Nurseries.