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Marketplace All-in-One

Quarterly earnings season kicks off with some positive reports

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 11 April 2024

⏱️ 1 minutes

🧾️ Download transcript

Summary

Delta Air Lines reported strong sales and summer demand; Constellation Brands reported strong beer sales; CarMax struggled amid high prices and interest rates; initial jobless claims declined to 211,000 last week; ECB maintains record high interest rate.

Transcript

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0:00.0

It's corporate earnings season and there's positive news from some of the first notable reports.

0:07.0

I'm Novasafo with a marketplace minute.

0:09.0

The Delta Airlines reported strong sales during the first three months of the year and a small profit of

0:14.1

37 million dollars. Delta said it's already seeing healthy demand for summer travel.

0:18.9

Constellation Brands, owner of Corona and Modello, among others, experienced strong demand for beer.

0:25.7

Quarterly profits were nearly $400 million, beating Wall Street expectations.

0:30.3

But Carmax struggled amid high vehicle prices and higher interest rates.

0:35.3

Quarterly profits were down 28%. Several big banks report earnings tomorrow.

0:41.2

Initial jobless claims fell again last week down to 211,000, continuing claims rose

0:45.8

slightly but are still around 1.8 million.

0:49.4

European Central Bank policymakers today announced that they're keeping its benchmark interest rate at a

0:53.7

record high of 4%.

0:56.4

Inflation in the Eurozone has been falling and the Central Bank signaled rate cuts are

1:00.4

coming.

1:01.4

I'm Novasafo with a marketplace minute.

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