Here are the most important news investors need to start their trading day:
1. Cyclone week
After Monday’s plunge, stocks nearly returned to breakeven last week. this Dow Jones Industrial Average It ended the week down 0.6%, while S&P 500 Index The Nasdaq fell 0.04% and 0.18% respectively. one July jobs report weak It has raised concerns about the health of the economy, so traders will seek confirmation that the U.S. can emerge from recession. July producer prices will be released on Tuesday, followed by consumer prices on Wednesday and retail sales on Thursday. Follow live market updates here.
2. Check the consumer
This week’s major retail earnings will have investors taking another look at consumer health. home depot A report will be released before the bell on Tuesday, providing a gauge of home improvement spending and the housing market. WalmartThe retail giant and the largest U.S. grocer will release insights Thursday morning on how consumers, weighed down by inflation for years, are spending their money. When Walmart last reported earnings, it said it had Gains made in grocery business Diners are put off by the high prices of fast food.
3. Corporate crackdown
The Biden administration is looking to save more consumers time and money through new measures. Multi-agency initiative aimed at reducing corporate policy Red tape burdens Americans. These efforts are designed to make it easier for consumers to cancel subscriptions, obtain refunds, submit online health care or insurance forms, and receive high-quality customer service. “I think we can all relate to this… For example, you want to cancel your gym membership or subscription to a service or newspaper. It only takes one or two clicks to sign up. But now… you You have to go in person or wait 20 minutes … just opt out,” White House domestic policy adviser Neera Tanden said of the plan. The announcement comes ahead of a key economic week for Vice President and Democratic presidential candidate Kamala Harris, who will unveil the first economic policy plan of her campaign.
4. Value menu
Restaurant CEOs have A new buzzword: “value.” On a recent earnings call, executives turned to value to emphasize their goals moving forward after sales at many restaurants lagged this season. It has become such a priority that executives mentioned the word “value” nearly 80 times on Facebook. McDonald’s quarterly conference call last month. Executives at fast-food chains in particular hope that emphasizing the chain’s discounts will lure customers back amid soaring food prices out of town.
5. New directions
DirecTV has added a new member. Deion Sanders — better known today as Coach Prime and the coach of the NCAA’s Colorado Buffaloes — is taking part in the company’s latest ad campaign. The company, best known for offering traditional TV packages via satellite dishes, has been using its star power to send customers this message: Watch DirecTV without a satellite dish. Like other cable and satellite TV providers, DirecTV has been losing pay TV customers for some time as customers disconnect. The company is turning to live sports, Coach Prime and Internet TV packages to stem those losses and attract customers who want to watch content without a big plate.
– CNBC’s Brian Evans, Tanaya Macheel, Josephine Rozzelle, amelia lucas and lillian rizzo contributed to this report.
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