Welcome to Seeking Alpha's Wall Street Breakfast, where we cover top news for investors every morning.

Good morning. Today is Sunday, May 7th. Welcome to this edition of Wall Street Breakfast, I'm Lauren Izzo.

Coming up on today's show, Disney is set to report second quarter earnings as Guardians

of the Galaxy, volume 3, is expected to dominate screens worldwide.

As the US labor market shows signs of resilience,

the April inflation report is in this week,

and top auto execs from companies like Tesla, Uber and

General Motors are expected to speak at a major car conference. But first

before we get to our top stories let's take a look at what's expected in the markets this week

The April CPI report throughout this week is the headliner with economists forecasting a 0.3% month over month increase in

inflation and a 5.5% year over year gain. The inflation read arrives just as Federal Reserve members move out of a blackout

period and make the rounds again with speeches.

Following the CPI print, the latest update on producer prices will be released on May 11th to also give

inflation watchers another talking point. The earnings focus turns next

week on small cap stocks with a large number of members of the Russell 2000

index due to report.

The Russell 2000 has sharply underperformed the S&P 500 index this year amid worries over economic growth, interest rates, and inflation.

Of note, the Russell 2000 index recently registered the Death Cross on its chart with the 50-day moving average

falling below the 200-day average. Some of the key earnings reports to watch in the

week ahead from larger companies include updates from Disney, AirB&B, Tyson Foods, Fox, Lee

Otto, and Roblox. There is also a delayed ICON Enterprises LP earnings call which could feature some fireworks after

legendary activist investor Carl ICON was hit by a short report from Hindenburg research on IEP.

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