Wall Street Now
Wall Street Now

Market Preview 7/12

2 min
•Jul 12, 20266 days ago
Listen to Episode
Summary

Wall Street Now previews the week ahead as earnings season kicks off with major financial institutions reporting. Key economic data including CPI and retail sales will be released, while Federal Reserve Chair Kevin Warsh testifies before Congress on monetary policy.

Insights
  • Earnings season begins with major financial sector reports, signaling market sentiment and economic health
  • Multiple Federal Reserve communications this week will provide guidance on inflation and monetary policy direction
  • Consumer spending and inflation data will be critical indicators for Fed decision-making and market positioning
  • Producer Price Index expectations of no increase suggest potential inflation stabilization in manufacturing costs
Trends
Financial sector earnings as leading indicator for broader economic conditionsInflation monitoring through CPI and PPI data as central to Fed policy trajectoryConsumer spending patterns as key metric for economic resilience and recession riskHealthcare sector earnings (UnitedHealthcare) reflecting insurance market dynamicsTechnology sector earnings (Netflix, ASML) indicating digital economy health
Companies
J.P. Morgan Chase
Major financial institution reporting earnings Tuesday, opening earnings season week
Bank of America
Major financial institution reporting earnings Tuesday as part of earnings season kickoff
Goldman Sachs
Major financial institution reporting earnings Tuesday during earnings season week
Morgan Stanley
Financial services firm reporting earnings Wednesday during earnings season
ASML
Technology equipment manufacturer reporting earnings Wednesday during earnings season
Netflix
Streaming entertainment company reporting earnings Thursday during earnings season
UnitedHealthcare
Healthcare insurance company reporting earnings Thursday during earnings season
HDFC
Financial services company reporting earnings Friday during earnings season
People
Kevin Warsh
Testifying before Congress Tuesday morning on monetary policy and economic conditions
Dave Packer
Host/presenter delivering the market preview and economic outlook for the week
Quotes
"We kick off earnings season this week. Highlights include reports from industry leaders J.P. Morgan Chase, Bank of America, and Goldman Sachs on Tuesday."
Dave Packer•Opening
"Producer Price Index data comes out on Wednesday. That's a measure of how much products or services cost manufacturers to produce and a closely watched measure of inflation."
Dave Packer•Mid-segment
"The Census Bureau's June retail sales data will give us a gauge on whether Americans are in a spending mood."
Dave Packer•Closing
Full Transcript
From ABC News, Wall Street weekend. We kick off earnings season this week. Highlights include reports from industry leaders J.P. Morgan Chase, Bank of America, and Goldman Sachs on Tuesday. ASML and Morgan Stanley Wednesday. Netflix and UnitedHealthcare on Thursday. And then we'll hear from HDFC on Friday, among others. Investors will be listening for clues as a number of Federal Reserve governors speak this week, including Fed Chair Kevin Warsh, who will be testifying before Congress Tuesday morning. On the economic calendar this week, on Tuesday, we got the government's June Consumer Price Index data. Producer Price Index data comes out on Wednesday. That's a measure of how much products or services cost manufacturers to produce and a closely watched measure of inflation. Compared to last month, the street expects no increase. Thursday, initial jobs claims for the past week. That number expected to stay flat at 215,000. And finally, the Census Bureau's June retail sales data will give us a gauge on whether Americans are in a spending mood. Dave Packer, ABC News.