“Bedeviled by a bleak employment picture, President Barack Obama is pushing for more private sector hiring while seeking to protect his own job during a two-day domestic trip that aims to raise his political profile in two key states and with an important Hispanic constituency,” per the AP. “In North Carolina on Monday, the president will press for more jobs in targeted industries, including tourism and green energy sectors. Later in the day, he will attend three fundraisers in donor-rich Miami. He will end his travels Tuesday in Puerto Rico, a visit considered essential as he courts the Puerto Rican vote in the mainland, especially in Florida.”
The New York Times writes how Obama is trying to woo back Wall Street, as it relates to 2012 and fundraising. “The president’s top financial industry supporters say they are confident that the support Mr. Obama needs will ultimately be there, despite the financial industry’s unhappiness over his efforts to tighten regulation of their businesses. But it is clear that those supporters will have to work much harder to win over the financial services industry than they did in 2008, before Wall Street’s bust, the subsequent clashes over policy and the sometimes bitter personal differences that lingered afterward.”
“Profits at American companies are poised to be one of the few bright spots in the U.S., helping to steady the faltering recovery,” Bloomberg writes. “Earnings will climb an average 10 percent a year through 2013, more than three times quicker than the economy, after what has already been the fastest rebound since the late 1940s, JPMorgan Chase & Co. projects.”
Tee time: The golf foursome later this week will be President Obama, Vice President Biden, Speaker John Boehner (R-OH), and Ohio Gov. John Kasich.