Catalyst Watch: Retail sales, Hollywood strike
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 15 July 2023
⏱️ 7 minutes
🧾️ Download transcript
Summary
Transcripts available on Seeking Alpha
Show links:
Retail buzz: Amazon sets Prime Day sales records
Core CPI cools more than expected in June, with smallest increase since August '21
The June CPI Report Likely The Last Good News Of 2023 - Evidence Of 'Pain' Emerging
Tesla Q2 Earnings Preview: Margin Pain For Long-Term Gain
Is Tesla A Buy?
Bob Iger to continue as Disney CEO until end of 2026
Hollywood actors go on strike, setting up historic entertainment shutdown
IBM: Still Looks Interesting Before Earnings
Netflix Stock Is Expensive, But Worth The Investment
Transcript
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| 0:00.0 | Welcome to See King Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:07.0 | Thanks for joining us today. I'm Julie Morgan, host of Wall Street Breakfast. This is our weekly show all about the catalysts for the upcoming week. |
| 0:15.6 | I'm joined by Kim Kahn. He's the senior managing editor at Seeking Alpha. |
| 0:20.2 | And the host of our new afternoon show Wall Street Lunch. |
| 0:24.0 | Kim, next week we're starting off with the retail sales, right? |
| 0:27.0 | We also have a lot of housing data as well, but I think the focus will be on the retail sales |
| 0:32.0 | because it has such a reflection on the consumer and I think it's going to be a different week for economic indicators because after this really cool |
| 0:40.3 | CPI number that we had. |
| 0:42.8 | Everybody is kind of convinced the Fed's gonna be one and done. |
| 0:46.7 | So I think people are gonna wanna see some strength. |
| 0:50.0 | They gonna wanna see some resilience from the consumer. |
| 0:52.7 | So if retail sales come in higher than expected, |
| 0:56.6 | you won't get the usual need-your reaction of, |
| 0:58.8 | oh my gosh, the Fed's going to suddenly hike |
| 1:01.3 | another 25 basis points. You're gonna see people say, okay, good, we've got this, we've got a soft landing still on track. So we'll see about that. It's a little early to get consensus estimates, but I think that basically |
| 1:16.2 | the consumer has shown the resilience and will still be able to find pockets of strength in different categories although we did see a lot of things fall in the |
| 1:26.5 | C. P. I such as airline fares and food prices and shelter costs so maybe there's more money in the pocket. |
| 1:33.3 | Now let's talk about earnings. So we look at next week more than 300 companies a lot are due to |
| 1:39.0 | report earnings next week. This includes more banks like Bank of American P and C. |
| 1:44.0 | Lockheed Martin is also reporting Netflix, IBM, Tesla, Taiwan, semi. |
| 1:48.6 | I mean, the list goes on and on. |
| 1:50.6 | Yeah, it's 300 companies and it's one of the lighter weeks if you look for the two weeks ahead it's going to be |
... |
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