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Former Dallas Fed Danielle DiMartino Booth and Natixis Chief Economist Joseph Lavorgna for the Americas discuss recently released Fed minutes and inflation fears.
Inflation will remain the focus this week, with investors prepared to listen carefully to comments from New York Federal Reserve Chairman John Williams on Monday, as well as key inflation data throughout the week, such as the core CPI.
Big banks will also kick off earnings season, and space actions could be active after Richard Branson’s historic suborbital space flight.
| Teleprinter | security | Last | Switch | Switch % |
|---|---|---|---|---|
| Me: DJI | MEDIUM DOW JONES | 34870.16 | +448.23 | +1.30% |
| SP500 | S&P 500 | 4369.55 | +48.73 | + 1.13% |
| I: NCOMP | n / A | n / A | n / A | n / A |
This given that the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite will all start the week at record highs.
FOX Business takes a look at upcoming events that are likely to move Financial markets in the coming days.
Monday 7/12
Investors will have the first chance to react to Virgin Galactic’s successful Unity 22 test mission as Richard Branson explodes into space.
Stocks and other space exchange traded funds will likely be active.
His historic mission has garnered praise from fellow billionaires, including Blue Origin founder Jeff Bezos, who is expected to follow at the end of the month.
HOW DID RICHARD BRANSON MAKE FORTUNE?
| Teleprinter | security | Last | Switch | Switch % |
|---|---|---|---|---|
| SPCE | HOLDINGS VIRGIN GALACTIC INC. | 49.20 | -3.49 | -6.62% |
| UFO | ETF PROCURE TRUST II ETF PROCURE SPACE | 04.31 | +0.56 | +1.84% |
| ARKX | EXPLORATION AND INNOVATION OF THE ARK ETF TR AREA | 20.90 | +0.34 | +1.65% |
China’s Didi, under fire from Chinese regulators, will also be in the spotlight as it is expected to be added to the S&P Dow Jones global stock indices.
| Teleprinter | security | Last | Switch | Switch % |
|---|---|---|---|---|
| HAVE I GOT | DIDI GLOBAL INC | 12.03 | +0.82 | + 7.31% |
Federal Reserve Bank of New York President John Williams will also deliver a speech ahead of the “Inflation: Dynamics, Expectations and Targeting” virtual event hosted by the Bank of Israel and the Center for Economic and Policy Research.
| Teleprinter | security | Last | Switch | Switch % |
|---|---|---|---|---|
| GOOGL | ALPHABET, INC. | 2,510.37 | +9.49 | + 0.38% |
| MRS | MORGAN STANLEY | 90.33 | +2.69 | + 3.07% |
It will also be a big day for Google and Morgan Stanley as they begin to welcome more and more employees joining Wall Street companies JPMorgan and Goldman Sachs who have already ripped off the band-aid.
| Teleprinter | security | Last | Switch | Switch % |
|---|---|---|---|---|
| F | FORD MOTOR CO. | 14.48 | +0.42 | + 2.99% |
Ford will also continue temporary shutdowns of several of its factories due to an ongoing chip shortage, which caused the automaker’s overall June sales to fall 26.9% year-on-year.
Subway will close half of its restaurants on Tuesday as it revamps its menu. (iStock) (iStock / iStock)
In food news, Subway will close half of its restaurants earlier to prepare its revamped menu on Tuesday, which will feature more than 20 menu updates, including “11 new and improved ingredients, six brand new or returning sandwiches and four. revamped signature sandwiches. . ”
The chain is also celebrating the revamped menu by offering a total of 1 million free six-inch Turkey Cali Fresh subs on July 13. Participating restaurants will only give away 50 free submarines each, between 10:00 a.m. and 12:00 p.m. local hour.
Tuesday 13/7
Results will kick off Tuesday morning with big names like Conagra Brands, Fastenal, First Republic Bank, Goldman Sachs, JPMorgan Chase, PepsiCo.
| Teleprinter | security | Last | Switch | Switch % |
|---|---|---|---|---|
| CAG | CONAGRA BRANDS, INC. | 36.12 | +0.03 | + 0.08% |
| QUICKLY | FASTENAL CO. | 53.84 | +0.84 | +1.58% |
| FRC | BANK OF THE FIRST REPUBLIC (SAN FRANCISCO, CALIFORNIA) | 194.49 | +8.04 | + 4.31% |
| SG | THE GOLDMAN SACHS GROUP, INC. | 371.76 | +12.82 | + 3.57% |
| JPM | JPMORGAN CHASE & CO. | 155.77 | +4.83 | + 3.20% |
| DYNAMISM | PEPSICO, INC. | 149.48 | -0.38 | -0.25% |
Tuesday will also be a key day for economic data with the National Federation of Independent Businesses optimism index, consumer price index, core CPI and federal budget deficit for June all on the schedule.
| Teleprinter | security | Last | Switch | Switch % |
|---|---|---|---|---|
| DELL | DELL TECHNOLOGIES, INC. | 100.25 | +1.25 | +1.26% |
| PORK | HARLEY-DAVIDSON, INC. | 45.53 | +1.21 | + 2.73% |
| they or they | AMERICAS TECHNOLOGY ACQUISITION CORP. | 10.02 | +0.06 | + 0.60% |
Other notable events to watch include Dell’s conference call on its Environmental, Social and Governance (ESG) strategy, Harley-Davidson’s unveiling of a new bike for its sport segment, and the United Steelworkers vote on a draft contract with Allegheny Technologies. end a workers’ strike that began on March 30.
| Teleprinter | security | Last | Switch | Switch % |
|---|---|---|---|---|
| MCD | CORP. | 235.68 | +2.84 | + 1.22% |
Tuesday also marks National Fry Day and the launch of the MyMcDonald’s rewards program. As part of the celebration, McDonald’s will be giving away free fries to customers who sign up for its loyalty program and place orders through the fast food chain’s app. It will also launch a world-famous fan contest, awarding sixty-six McDonald’s fans one million MyMcDonald’s Rewards points. A lucky fan will also walk away with free fries for life.
Wednesday 7/14
Big banks will focus on earnings on Wednesday with Bank of America, BlackRock, Citigroup, PNC Financial Services and Wells Fargo all set to report. Delta Airlines is also expected to release its latest quarterly results.
| Teleprinter | security | Last | Switch | Switch % |
|---|---|---|---|---|
| BAC | BANK OF AMERICA CORP. | 40.04 | +1.26 | + 3.25% |
| BLACK | BLACKROCK, INC. | 901.31 | +24.81 | + 2.83% |
| VS | CITIGROUP, INC. | 68.45 | +1.72 | + 2.58% |
| PNC | THE PNC FINANCIAL SERVICES GROUP, INC. | 189.67 | +6.44 | + 3.51% |
| WFC | WELLS FARGO & CO. | 43.91 | +1.59 | + 3.76% |
| OF | DELTA AIRLINES, INC. | 42.92 | +0.85 | + 2.02% |
Economic data on the board for Wednesday includes the Producer Price Index, the Beige Book, weekly mortgage applications and weekly crude inventories from the Energy Information Administration.
President Biden will also meet with a bipartisan group of governors and mayors to discuss the importance of critical infrastructure investments nationwide.
Thursday 7/15
Bank profits will continue to roll on Thursday with the publication of Bank of New York Mellon, Morgan Stanley and US Bancorp before the market opens. Investors will also hear from Cintas, Progressive and UnitedHealth Group.
| Teleprinter | security | Last | Switch | Switch % |
|---|---|---|---|---|
| BK | NEW YORK BANK MELLON CORP. | 49.93 | +1.59 | + 3.29% |
| MRS | MORGAN STANLEY | 90.33 | +2.69 | + 3.07% |
| Usb | AMERICAN BANCORP | 56.97 | +1.93 | + 3.51% |
| CTAS | BANDS CORP. | 388.32 | +1.52 | + 0.39% |
| RPG | CORP. PROGRESSIVE. | 99.63 | +1.14 | + 1.16% |
| A H | UNITEDHEALTH GROUP, INC. | 412.11 | +2.16 | + 0.53% |
After the bell, the profits of Alcoa, American Outdoors Brands and People’s United Financial will be the center of attention.
| Teleprinter | security | Last | Switch | Switch % |
|---|---|---|---|---|
| AA | ALCOA CORP. | 37.44 | +2.08 | + 5.88% |
| AUGUST | AMERICAN OUTDOOR BRANDS INC. | 33.79 | +1.15 | + 3.52% |
| PBCT | UNITED END OF THE PEOPLE. INC. | 16.70 | +0.60 | + 3.73% |
Thursday will also offer a wealth of economic data, including initial and continuing jobless claims, industrial production, Philadelphia Fed manufacturing, Empire State manufacturing, and import price indexes.
Meanwhile, President Biden will welcome German Chancellor Angela Merkel to the White House, where the leaders “will affirm the deep bilateral ties between the United States and Germany.”
The leaders will discuss their commitment to cooperate closely on a range of common challenges, including ending the COVID-19 pandemic, tackling the threat of climate change and promoting economic prosperity and international security on the basis of our common democratic values, ”said the White House. Secretary Jen Psaki said in a statement.
IRS building signage (iStock)
It will also be a big day for more than 36 million families, who this week will receive letters from the IRS with the first down payment for the child tax credit. The payment will be up to $ 300 per month for each eligible child under 6 and up to $ 250 per month for each eligible child aged 6 to 17. Payments will be issued by direct deposit or by check.
CHILD IMPT CREDIT: WHO QUALIFIES?
| Teleprinter | security | Last | Switch | Switch % |
|---|---|---|---|---|
| M | MACY’S, INC. | 18.67 | +1.20 | + 6.87% |
In addition, Macy’s will host a national recruiting event in 500 stores.
Friday 7/16
To wrap up the week, Charles Schwab, Kansas City Southern, State Street earnings before the market opens as well as retail sales, the University of Michigan Consumer Confidence Index, business stocks.
| Teleprinter | security | Last | Switch | Switch % |
|---|---|---|---|---|
| SCHW | THE CORP. CHARLES SCHWAB. | 70.55 | +2.61 | + 3.84% |
In the world of politics, former Vice President Mike Pence will speak in Des Moines, Iowa, at the Family Leadership Summit. Friday also marks the deadline for those running in the California governor’s recall election to submit their candidacy. The recall election is officially set for September 14.
The Chicago Auto Show will also begin Friday and run through July 19. On Thursday, members of the media will participate in a preview of the event, with presentations from Ford, Jeep, Kia, Lexus, Nissan, Ram, Toyota and Volkswagen.
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