Here are the most important news investors need to start their trading day:
1. The market is looking bullish
US stock indexes are coming off their worst week since March. A regional bank stock surges and strengthens. Apple Markets got a boost on Friday after earnings and despite recession concerns, April jobs data came in better than expected. This week, the focus will be on monthly inflation data after the Federal Reserve raised interest rates again to try to curb skyrocketing prices. The consumer price index will come out on Wednesday, while the producer price index will come out on Thursday. Inflation has begun to ease, and the central bank has signaled it may pause from raising rates amid concerns about the economic slowdown and the health of the banking system. Follow live market updates.
2. Buffet Cuisine
Warren Buffett and his right hand man Charlie Munger During this period, attention was paid to everything from regional banks to artificial intelligence Berkshire HathawayAnnual shareholders’ meeting on Saturday. While Buffett said banks may not be out of trouble yet, he said he believes deposits are safe. The Oracle of Omaha said it has seen slower activity at some Berkshire businesses. The group does not plan to take full control of the oil giant Occidental PetroleumBuffett said.
3. Debt limit drama
The coming days could prove crucial for efforts in Washington to raise the debt ceiling and prevent the first-ever default on US sovereign debt. chairman Joe Biden will meet with the top four leaders of Congress on Tuesday as lawmakers try to break the impasse over how to raise the borrowing limit. Treasury Secretary Janet Yellen warned Sunday that there would be a “sharp economic recession” if Congress fails to act in the next few weeks. The Treasury Department has estimated that the US could run out of money to pay its bills as early as June.
4. Regionalism increases
5. Disney on Deck
Walt Disney This week will be the headline of the expected quarterly earnings slate. Other results will shed light on consumer health. Here are some of the reports expected this week:
— CNBC’s Samantha Subin, Jeff Cox, Yun Lee, Sarah Min, Tanaya Machel, Alex Haring, Hakyung Kim, Christina Cheddar-Burke and Ashley Capute contributed to this report.
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