In this video, we bring you the latest updates from the Federal Reserve as Jerome Powell speaks this coming week. Powell's speech covers important topics such as interest rates, inflation, and the housing market. As the chair of the Federal Reserve, Powell's words have a significant impact on the economy, the stock market, and ultimately, our wallets.
We'll also be discussing the stock market earnings and the economic calendar, providing you with insights and analysis on how current events may affect your investments. This breaking news coverage is crucial for anyone interested in business, finance, and the stock market.
With news coverage from CNBC and other top sources, we'll keep you up-to-date on everything you need to know. Don't miss out on this opportunity to stay informed and make smart decisions with your money.
We'll also be discussing the stock market earnings and the economic calendar, providing you with insights and analysis on how current events may affect your investments. This breaking news coverage is crucial for anyone interested in business, finance, and the stock market.
With news coverage from CNBC and other top sources, we'll keep you up-to-date on everything you need to know. Don't miss out on this opportunity to stay informed and make smart decisions with your money.
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NewsTranscript
00:00 Jerome Powell is speaking not once, but two times this week.
00:07 That and other market moving news is coming to you quick here.
00:11 I'm Gav Blacksburg from Wolf Financial.
00:13 I'm here with Evan from Stock Market News.
00:16 Today we are covering the top stories and news on watch for this upcoming week that
00:21 is going to move the market.
00:22 If you like these videos, make sure that you subscribe to the channel that you're watching
00:26 this on.
00:27 Give us a like, and we're going to go ahead and hop right into it.
00:31 Starting off with the story of the week, Jerome Powell.
00:33 What do we have going on here, Evan?
00:36 Yeah, Jerome Powell will be speaking twice, once in front of the Senate, once in front
00:40 of the House.
00:41 The title of the hearings are the Federal Reserve's Semi-Annual Monetary Policy Report.
00:46 So it's not like he was someone's getting in trouble and testifying in front of Congress.
00:51 This is kind of pre-planned and happens at least twice a year if you listen to that semi-annual
00:55 number.
00:56 So watch out, Jerome Powell speaking twice this week.
00:59 Definitely the biggest event of the week.
01:01 I wonder if we're going to get Jerome Powell from Jackson Hole where he's all depressed,
01:07 or if we're going to get Jerome Powell from the last FOMC meetings.
01:09 But I think this will be the big smart market moving thing this week.
01:14 Yeah, a lot to pay attention to.
01:16 Outside of Powell speaking, we are coming to the end of earnings season, but it's not
01:21 quite over yet.
01:22 The ones that stand out to me this week are C-Limited, Dix, CrowdStrike, Alta, DocuSign,
01:29 and then I know one that you have your eye on is Oracle.
01:32 What day is Oracle reporting again?
01:35 Oracle's Thursday after close with DocuSign and the others.
01:38 There we go.
01:39 You can see it on the middle bottom right right there with Gap 2.
01:43 All right, let's take a little bit of a closer look at the most important ones of the week.
01:47 First, C-Limited, still not profitable.
01:50 We've got some estimates here, though, for Tuesday morning, this is before market open.
01:54 And then Dix, very profitable, estimated revenue of $3.44 billion.
02:00 And on Thursday after the close, the big ones that we're looking at are DocuSign, Alta,
02:04 and Gap.
02:05 You can see all the estimates right here on the screen.
02:08 So just keeping a reminder that as we go into earnings season, to the end of it, companies
02:13 have been really focused on that forward guidance and looking at, hey, how is this going to
02:18 do in the upcoming quarters, upcoming year?
02:20 That's sometimes smattering more than the initial numbers that are being reported.
02:25 Anything else you want to add onto the earning side of things before we move into the economic
02:28 calendar?
02:29 Nope, nothing more for me.
02:32 OK.
02:33 Nothing more for me, sorry for cutting you off there.
02:35 Just it feels like we're almost with the end of earnings season here.
02:38 Yeah, we definitely are.
02:40 It's kind of the dregs of it.
02:42 We had the big names, then last week we had the volatile names, and now we're kind of
02:46 at the end.
02:48 With that being said, though, we already pointed out that we have Fed Chair Powell speaking
02:52 two times.
02:53 So it's Tuesday morning and Wednesday morning.
02:56 And then some jobless claims, an employment report, unemployment.
03:00 Anything else that you want to mention from the week ahead on the economic calendar?
03:04 Yeah, jolts will be a big one, that job openings data on Wednesday.
03:08 I'll be looking for that one.
03:10 And I also find it funny that we had no longer are the weekends free of Fed presidents.
03:17 We had a Fed Speaker, President Daley from San Francisco speak today.
03:21 So they're coming out to every single day now, even on weekends.
03:24 I find that funny.
03:25 But a lot of stuff will be watching.
03:27 We mentioned earlier Jerome Powell, definitely the biggest thing this week.
03:30 Yeah, we need a break from the Fed, but we'll take what we can get.
03:35 All right.
03:36 And with that all in mind, I think we've covered the top major stories of the week, but we
03:39 do have a special announcement.
03:41 Today is actually the S&P 500's birthday.
03:46 What stands out to you that's been accomplished since 1957, Evan?
03:50 A lot of great things since 1957.
03:55 And this kind of goes to it.
03:56 I want to ask you, Wolf, how many internet stocks do you think were in the index when
03:59 it first launched?
04:01 Wow.
04:03 How many internet stocks were in the index when it first launched?
04:06 It's a good question.
04:08 This is 1957.
04:10 So I'm going to go out on a limb and say there were 57 of them.
04:14 It was a trick question.
04:16 There were zero.
04:17 It was 425 industrial stocks, 15 retail stocks, and 6 utilities.
04:22 Internet not being around might have hurt my chances there.
04:26 It was a trick question here.
04:28 I'll get you one that you might know the answer to.
04:30 What was the largest stock in the index when it was first created?
04:33 Oh, it was definitely Tesla, right?
04:35 Oh, there you go.
04:37 No, it was AT&T.
04:39 So still a big name around, a boomer stock.
04:42 But it was the largest stock in the index when it was created.
04:46 False news.
04:47 It was definitely Tesla.
04:48 By the way, quick Google search.
04:52 It's the oldest stock that there ever was.
04:54 Everyone knows.
04:55 God, Elon.
04:56 So, yeah.
04:57 Although it might have been AT&T if you look at Google and all that fake news.
05:02 Wolf, also just throwing this out there, quick Google search.
05:06 When was the internet created?
05:07 January 1st, 1983.
05:09 You did walk yourself into that one.
05:11 Oh, yeah.
05:12 And to be honest, that's the creation of the internet, but there weren't actually internet
05:16 companies until...
05:17 So, some good points.
05:21 All right.
05:22 I think we covered this really well.
05:23 Hope everybody can appreciate my sarcastic humor at the end.
05:26 I knew that the internet was not created in 1957 and that I also knew that AT&T was the
05:32 largest company.
05:33 I wonder how I knew that.
05:35 But with that being said, make sure that you do like and subscribe.
05:39 We've got a bunch of videos that are going to be coming out.
05:41 There's going to be a lot of news story videos.
05:43 Things just keeping you up to date in the market.
05:45 Short quick segments.
05:46 As you can see, we're just at around six minutes here.
05:49 Anything you would like to add before we close out, Evan?
05:51 I'm putting Wolf on the spot.
05:53 Not this upcoming week.
05:54 The week after that will be the start of videos.
05:57 Every single day, Monday through Friday, going through some massive stories the second they
06:01 come out, talking you through what exactly is happening, our quick opinions on them.
06:05 A lot of really good stuff coming.
06:07 So make sure you subscribe to both our YouTube channels.
06:10 Make sure you like the videos.
06:11 If you're only subscribed to one, go and subscribe to the other one.
06:14 We're doing some cool stuff together, bringing on cool people and a lot of really fun and
06:18 fantastic stuff.
06:19 So we appreciate the video and we'll see you soon.
06:22 Cool.
06:23 Talk to everybody soon.
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