00:00 Speaker A
Time now for to watch next week. Gonna start off on the earnings front. We’re getting another round of earnings, including FedEx, Micron, and Nike. Nike announced results for the fourth quarter on Thursday. That’s after the markets close. Been a rough year for Nike offering big discounts to clear out product that didn’t sell. All while tariffs, we know, were weighing on the company’s bottom line. Analysts expecting sales could drop by about 15% compared to last year. That’s in line with what Nike has been warned. Taking a look at the Fed, we’re going to be getting some commentary throughout the week, including Fed chair Jerome Powell. Powell testifying in front of Congress on Tuesday, that will be for a semi-annual monetary policy report before the House Financial Services Committee. Also on Tuesday, we’re going to be getting monthly consumer confidence data for June in the morning. Com is forecasting that number to tick up slightly to 99, signaling consumers are feeling slightly more optimistic about the economy than they were a month ago. And sticking with the economy, personal consumption expenditures or PCE data coming out on Friday, the Fed’s preferred inflation gauge expected to hold steady at 0.1% on a month-over-month basis.
