00:00 Speaker A
Time out what to watch starting off on that earnings front, a massive spread of earnings coming up including Coca-Cola, General Motors, Google parent company Alphabet and Tesla. Tesla announced results for the second quarter on Wednesday and expecting Elon Musk company to meet estimates for Q2. That’s driven by stronger sales of the updated Model Y but the recent rollback of EV tax credits under President Trump’s big beautiful bill, that could pose challenges for Tesla going forward. Also taking a look at the Federal Reserve, we’re going to be getting some commentary on Tuesday from Fed chair Jerome Powell. Powell’s going to be making remarks at a banking conference in the morning. This coming against the backdrop of continued pressure we know from President Trump to cut interest rates. Chicago Fed President Austin Goolsby telling Yahoo Finance on Friday that Fed independence from political interference is absolutely critical. And moving over to housing, fresh housing data coming in on Thursday with new home sales. Cons forecast that number to rise to 650,000, signaling a stronger demand for new homes and suggesting that buyers are feeling more confident about that housing market.
