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Verizon Communications
is in the process of brightening the first 5G smartphone antennas, enabling a small group of Verizon Wireless subscribers to obtain 5G phone service. Investors, however, should not expect 5G to have a significant impact on Verizon's financial statements this year, or even in 2020.
The 5G network is thus currently available in some densely populated areas of Chicago and Minneapolis. Subscribers pay an extra $ 10 per month per line on the tab for existing unlimited plans, and so far, the service is only available on one 5G smartphone:
Motorola
of the
motorcycle z3 with an antenna added. Verizon plans to introduce 5G mobile in more than 30 markets by the end of the year, but refuses to provide details of use.
5G wireless networks promise up to 20 times the transmission speed of today's 4G LTE networks, with lower latency and better performance in high density areas. Because 5G networks require a denser antenna layout than previous networks, Verizon and its competitors
AT & T
If you plan to deploy them without significantly increasing investment budgets, deployment will be slow. Verizon said it does not expect 5G to contribute significantly to revenue growth until 2021.
AT & T launched its 5G mobile network in a dozen US cities last year (see Tech Trader, page 19). AT & T says its 5G wireless network will reach 200 million US customers by the end of 2020, although so far its network is only feeding hot spots, not smartphones.
Monday 8
Synopsys
holds annual meeting of shareholders in Sunnyvale, California.
Tuesday 9
Bank of New York Mellon
hosts its annual meeting of shareholders.
The National Federation of Independent Businesses releases its index of small business optimism for the month of March. Economists expect a reading of 101.6, even with February.
The Bureau of Labor Statistics releases its survey of job openings and job rotation for February. The consensus estimate is 7.54 million jobs, which is the January figure.
Wednesday 10
Delta Airlines
and Bed Bath & Beyond hold conference calls to discuss benefits.
The European Central Bank announces its monetary policy decision. The market expects the main short-term interest rate of the ECB to remain at minus 0.4%, while growth prospects are deteriorating in the euro area.
The Federal Open Market Committee publishes the minutes of the previous meeting in March.
Lennar holds its annual meeting of shareholders in Miami.
Brands of Conagra
Internet broadcasts its investor day to discuss the recently closed Pinnacle Foods acquisition.
BLS releases consumer price index for March. We expect a 1.8% year-over-year increase from February's 1.5% increase. Excluding unstable prices for food and energy, the index is expected to rise 2.1%.
Treasury Department news releases
the US budget statement for March. Economists predict a $ 179 billion deficit after a $ 234 billion deficit in February, the largest monthly deficit in US history.
The European Union is holding an emergency summit to discuss the ongoing Brexit trial. Any request for an extension of the 12 April deadline by the United Kingdom for a permanent exit would be discussed at that time.
Thursday 11
Fastenal
reports the quarterly results.
Adobe
and
IHS Markit
hold their annual shareholder meetings in San Jose, California and London, respectively.
Walt Disney
spreads its investors day on the web.
Newmont Mining
Holds Special Meeting of Shareholders to Vote on Proposals Related to Goldcorp Merger.
BLS Releases Producer Price Index for March. Consensus estimates are up 1.8% from one year to the next following a 1.9% increase in February. Without the price of food and energy, the index should jump 2.5%.
Friday 12
First Republic Bank and PNC Financial Services Group report results.
Bristol-Myers Squibb
hold a special meeting of shareholders to vote on the merger with Celgene. The agreement is expected to be approved by two leading proxy voting advisory firms.
The University of Michigan publishes its consumer climate index for April. Forecasts expect a reading of 98, which approximates March data.
– Robert Teitelman and Dan Lam
E-mail: [email protected]
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