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    Markets Preview: What To Expect This Week

    July 8, 2019
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    Earnings Season Kicks Off Tuesday

    Earnings reports are scheduled for release from PepsiCo Inc. (NYSE: PEP) on Tuesday morning, and Levi Strauss & Co. (NYSE: LEVI) later in the day. Delta Air Lines Inc. (NYSE: DAL) will report on Thursday.

    Earnings season will gain momentum next week with reports from American Express, Bank of America, Citigroup, eBay, Goldman Sachs, Johnson & Johnson, JPMorgan, Microsoft, Netflix, Philip Morris, United Continental, and Wells Fargo.

    Wednesday and Thursday: Powell Meets With Congress

    Federal Reserve Chairman Jerome Powell kicks off a two-day address to Congress on Wednesday, when he will meet with the House Financial Services Committee, followed by a Thursday session with the Senate Banking Committee. New minutes for the June FOMC meeting will be released on Wednesday.

    Other Events To Watch

    • Adding to global concern over Turkey, President Recep Tayyip Erdogan fired central bank head Murat Cetinkaya on Saturday, presumably to pursue his own course on interest rate policy.
    • U.S. Core CPI will be released Thursday, while PPI and Fed Monetary Policy Report will be issued on Friday.
    • Another debate is scheduled for Tuesday between Boris Johnson and Jeremy Hunt as they vie to replace Theresa May as Prime Minister.

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    CDM Staff

    The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
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