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MARKETS LIVE BLOG:

STOCKS SINK AS HOPES FOR LARGER FED CUT FADE AFTER CPI DATA

Print shows headline inflation of 2.5% in August, a slowdown from July's 2.9% annualized rate

Eli Lilly earnings, Fed, MicroStrategy split: What to Watch

Julie Hyman and Josh Lipton

Pharmaceutical giant Eli Lilly (LLY) is among the top companies scheduled to report earnings results on Thursday, August 8, alongside Paramount Global (PARA, PARAA), e.l.f. Beauty (ELF), and Take-Two Interactive (TTWO).

Jobless claims data for the prior week are due out tomorrow, while Federal Reserve Bank of Richmond President Tom Barkin is expected to deliver commentary on the US economy and inflation.

Lastly, MicroStrategy's (MSTR) 10-for-1 stock split will take effect and shares will begin trading under the adjusted stock price on Thursday.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Luke Carberry Mogan.

Video Transcript

Time now for to watch Thursday, August 8th starting off on earnings.

We're going to hear from Eli Lilly Paramount and take two Paramount announcing second quarter results after the close drama continues with the National Amusements subsidiary with Sony Today out ruling today, ruling out a renewed offer for the company.

Analysts will be listening closely for any more info on the pending deal with Sky Dance Media which is expected to close in the third quarter of 2025.

Taking a look at the economy weekly initial jobless claims data coming out in the morning economist forecast that number will take down to 240,000 and it's getting more attention given the heightened awareness around economic data right now and we'll get a little bit of fed commentary tomorrow from Richmond fed, President Tom Barkin is coming after San Francisco fed President Mary Daly says she isn't worried about the weak jobs report and is more confident that us inflation is indeed headed toward the fed's 2% goal.

Finally keep an eye on shares of micro strategy.

The company 10 for one stop split goes into effect.

It did have to close today.

And it'll start trading on a post split basis on Thursday.