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. Traders will be looking for confirmation that the U.S. can emerge from recession after a weak July jobs report raised concerns about the health of the economy. The producer price index for July is released on Tuesday, the consumer price index is released on Wednesday, and the retail sales price index is released 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 a report Thursday morning on how consumers, who have suffered from years of inflationary pressure, are spending their money. When Walmart last reported results, the company said its grocery business was growing as diners were 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. A multi-agency initiative to reduce corporate policies that burden Americans with red tape. 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
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 participating 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 get its message across to customers: No satellite dish required to watch DirecTV. 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.
— Follow broader market trends like a pro CNBC Pro.
About The Author
