Key Takeaways
- Federal Reserve Chairman Jerome Powell speaks on Monday, with other Fed officials making remarks throughout the week.
- Goldman Sachs, Bank of America, and Morgan Stanley are among the major bank earnings coming this week.
- Netflix and Johnson & Johnson also report earnings this week, while Amazon hosts its annual Prime Day sales event.
- The Republican National Convention will feature remarks from presidential candidate Donald Trump.
Federal Reserve Chair Jerome Powell will speak on Monday, with severa𝐆l other Fed officials also making remarks this week.
Bank earnings continue in the week ahead, with Goldman Sachs (GS), BlackRock (BLK), Bank of America (BAC), Morgan Stanley (MS), and American Express (AXP) among the financial institutions set to report. Investors will also get financial updates from Taiwan Semiconductor Manufacturing (TSMC) (TSM), Netflix (NFLX), and UnitedHealth (UNH).
Republican presidential candidate Donald Trump will speak🎐 at the the Republican National Convention this week.
And Amazon (AMZN) will conduct its Prime Day 澳洲幸运5官方开奖结果体彩网:two-day sale.
Monday, July 15
- Empire State manufacturing index (July)
- Republican National Convention opens
- Federal Reserve Chair Jerome Powell and San Francisco Fed President Mary C. Daly deliver remarks
- Goldman Sachs, BlackRock, and Servis1st Bancshares (SFBS) report earnings
Tuesday, July 16
- Amazon Prime Day begins
- Republican National Convention continues
- Retail sales (June)
- Business inventories (May)
- Import/export prices (June)
- Housing market index (July)
- UnitedHealth, Bank of America, Morgan Stanley, Charles Schwab (SCHW), PNC Financial (PNC), State Street (STT), and J.B. Hunt Transport (JBHT) report earnings
- Federal Reserve Gov. Adriana Kugler delivers remarks
Wednesday, July 17
- Amazon Prime Day concludes
- Republican National Convention continues
- Housing starts (June)
- Industrial production and capacity utilization (June)
- Federal Reserve Beige Book
- Johnson & Johnson (JNJ), US Bancorp (USB), Kinder Morgan (KMI), and Discover Financial Services (DFS), report earnings
Thursday, July 18
- Jobless claims (Week ending July 13)
- U.S. leading indicators (June)
- Philadelphia Fed manufacturing index (June)
- TSMC, Netflix, Novartis (NVS), Abbott (ABT), United Airlines (UAL), and Intuitive Surgical (ISRG) report earnings
- Republican National Convention concludes with remarks from Donald Trump
- San Francisco Fed President Daly, Dallas Fed President Lorie Logan and Federal Reserve Gov. Michelle Bowman deliver remarks
Friday, July 19
- American Express, Travelers Cos. (TRV), Halliburton (HAL), Fifth Third Bancorp (FITB), Huntington Bancshares (HBAN), and Regions Financial (RF) report earnings
- New York Fed President John C. Williams and Atlanta Federal Reserve President Raphael Bostic deliver remarks
Powell Comments Highlight Lineup🌼 of Fed Speakers
Market watchers start the week with comments from Federal Reserve Chair Jerome Powell, who on Monday will participate in a “fireside chat” discussion with the Economic Club of Washington, D.C. The event gives Powell the opportunity to expand upon the message he delivered to Congress last week: that Fed officials are 澳洲幸运5官方开奖结果体彩网:more closely watching the labor🅘 market as inflation moves lower. The remarks will be the first from Powell after last Thursday’s inflation report showed that the Consumer Price Index (CPI) 🔴mo⛎ved lower to 3.0% in June.
Powell isn’t the only Fed speaker on the calendar; San Francisco Fed President Mary Daly, Dallas Fed President Lorie Logan and Federal Reserve gov൲ernors Michelle Bowman and Adriana Kugler are all ꦉscheduled to deliver remarks in the week.
The 澳洲幸运5官方开奖结果体彩网:Federal Reserve’s Beige Book, which provid🉐es updates on the Fed’s 12 districts, will be released on Wednesday. Investors will also get data on retail sales, housing starts and business inventories this week.
Investors will also likely be keeping an eye on politics🌳, with the Republican National Convention beginning on Monday and continuing through Thursday, when presidential candidate Donald Trump will give remarks.
Earnings from Big Banks, Netflཧ🐈ix Highlight Week That Includes Amazon Prime Day
Corporate earnings will pick up this week, ꦏwith more big bank earnings coming on Monday and reports from financial firms coming throughout the week. Ai✱rlines, consumer product makers, and media companies will also report this week.
Goldman Sachs will report on Monday after its 澳洲幸运5官方开奖结果体彩网:first-quarter earnings far outpaced analyst estimates on strong investment banking revenue, while BlackRock’s earnings will show whether the firm built upon the record 澳洲幸运5官方开奖结果体彩网:assets under management (AUM) it 澳洲幸运5官方开奖结果体彩网:reported in the prior quarter.
Bank earnings will continue on Tuesday with 澳洲幸运5官方开奖结果体彩网:Bank of America and 澳洲幸运5官方开奖结果体彩网:Morgan Stanley issuin🦂g their financials after each reported better-than-expected earnings in the first quarter. On Fri♛day, American Express earnings are released.
Other fina🍬ncial service companies reporting earnings this week include Charles Schwab, PNC Financial, State Street, US Bancorp, Fifth Third Bancorp, Huntington Bancshares, and Regions Financial.
Investors will also be tuned in for earnings from other major corporations. 澳洲幸运5官方开奖结果体彩网:Dow Jones Industrial Average component UnitedHealth will report results on Tuesday, while Johnson & Johnson posts earnings on Wednesday after its first-quarter report 澳洲幸运5官方开奖结果体彩网:showed sales slipping for the consumer product company.
On Thursday, Netflix’s report comes after the compan🐷y i🎃ssued weak guidance for the latest quarter, while TSMC's financial report comes after it reported a 澳洲幸运5官方开奖结果体彩网:33% jump in June revenue.
Tuesday and Wednesday will also feature Amazon Prime Day, this being the 10th year that the e-commerce giant has held the 澳洲幸运5官方开奖结果体彩网:summer sales event. Last year, Amazon recorded its largest single-day sales performance ever on the event’s opening day.