American Express earnings, housing, Fedspeak: What to Watch
American Express (AXP), Procter & Gamble (PG), Ally Financial (ALLY), and Comerica (CMA) are the latest companies to report quarterly results on Friday, October 18.
US monthly housing starts and building permits for September will be released tomorrow with economists expecting incredibly minute month-over-month declines in the figures.
Federal Reserve governor Christopher Waller will release more commentary tomorrow.
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This post was written by Luke Carberry Mogan.
Video Transcript
Time now for to watch Friday October 18th, sponsored by Tasty trade starting off on the earnings front where to get some more reports from the consumer goods and financial sector, including Procter and Gamble and American Express.
Proctor and Gamble.
That results for the first quarter before the opening bell and expecting the company innovation to help sales accelerate into one.
Moving over to housing monthly housing starts building permits data that's coming out in the morning forecast both to dip slightly with housing starts and an annual pace of 1.35 million and building permits at 1.46 million in the month of September.
I'll be taking a deeper dive into housing later on in our chart of the day and taking a look at the fed.
We're gonna be getting some more fed commentary from fed Governor Christopher Waller in the afternoon.
This is coming after comments from Waller on Monday calling for a more gradual pace on interest rate cuts after some mixed inflation data.