Dollar General earnings, Fedspeak, jobless claims: What to Watch
00:03 Yahoo Finance
Now it’s time for what to watch on Thursday, December 4th. Starting on the earnings front, we’re getting a slew of reports from retail on Thursday, including Kroger, Dollar General and Ulta Beauty.
00:15 Yahoo Finance
Kroger announces third quarter results in the morning. Analysts expect Kroger to take a major accounting hit of about $2.6 billion in the third quarter as Kroger closes three of its automated fulfillment centers.
00:27 Yahoo Finance
Moving on to the Federal Reserve, there will be more comments from Michelle Bowman, the Fed’s vice chair for supervision, on Thursday.
00:34 Yahoo Finance
This comes ahead of the release of the Fed’s preferred inflation gauge, PCE, on Friday and the December FOMC meeting next week.
00:41 Yahoo Finance
Investors will listen closely for clues in the new commentary about the path the Fed will follow regarding monetary policy.
00:46 Yahoo Finance
Looking at the labor market, we will receive weekly initial unemployment claims data on Thursday.
00:52 Yahoo Finance
Economists predict that number to be as high as 220,000; This indicates a small increase in demands, but they are still historically low.
