{"id":66267,"date":"2023-02-13T08:58:15","date_gmt":"2023-02-13T13:58:15","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=66267"},"modified":"2023-02-13T08:58:15","modified_gmt":"2023-02-13T13:58:15","slug":"coffee-with-greta-cpi-week-begins","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2023\/02\/13\/coffee-with-greta-cpi-week-begins\/","title":{"rendered":"Coffee With Greta: CPI Week Begins"},"content":{"rendered":"<p><b>DJIA Futures: <\/b><span style=\"font-weight: 400;\">+1 (+0.01%)<\/span><\/p>\n<p><b>SPX Futures: <\/b><span style=\"font-weight: 400;\">+6 (+0.1%)<\/span><\/p>\n<p><b>NASDAQ Futures: <\/b><span style=\"font-weight: 400;\">+50 (+0.4%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Good morning friends!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Futures are mostly higher as traders look to rebound from the worst week since December and look ahead to key inflation data.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Let\u2019s get right to it!<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Inflation Week Begins<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">It\u2019s inflation week yet again with traders awaiting the January CPI.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That data will be released by the Bureau of Labor Statistics Tuesday morning at 8:30 a.m. ET.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Headline inflation is expected to have risen 0.4% monthly and 6.2% annually at the beginning of 2023.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The core CPI is expected to rise 0.3% monthly and 5.4% year over year.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The data will give traders more insight on the impact of the Fed\u2019s rate hikes so far after the Fed chair said the \u201cdisinflationary process has begun\u201d.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The first piece of key inflation data will come later today with the release of the New York Fed\u2019s survey of consumer expectations at 11:00 a.m. ET.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The market is focused on the 1-year and 5-year inflation expectations in that survey.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Another Big Earnings Week<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On top of the inflation data in focus this week, the market will also continue to digest more Q4 earnings.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here\u2019s some of the key companies scheduled to report:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Tuesday AM: <\/span><b>Coca-Cola <\/b><span style=\"font-weight: 400;\">(KO), <\/span><b>Marriott <\/b><span style=\"font-weight: 400;\">(MAR)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Tuesday PM: <\/span><b>Airbnb <\/b><span style=\"font-weight: 400;\">(ABNB)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Wednesday AM: <\/span><b>Kraft Heinz <\/b><span style=\"font-weight: 400;\">(KHC), <\/span><b>Roblox <\/b><span style=\"font-weight: 400;\">(RBLX)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Wednesday PM: <\/span><b>Cisco <\/b><span style=\"font-weight: 400;\">(CSCO), <\/span><b>Shopify <\/b><span style=\"font-weight: 400;\">(SHOP), <\/span><b>Roku <\/b><span style=\"font-weight: 400;\">(ROKU)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Thursday AM: <\/span><b>Hasbro <\/b><span style=\"font-weight: 400;\">(HAS)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Thursday PM: <\/span><b>DoorDash <\/b><span style=\"font-weight: 400;\">(DASH), <\/span><b>DraftKings <\/b><span style=\"font-weight: 400;\">(DKNG)<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">Meta Planning More Layoffs<\/span><\/h2>\n<p><b>Meta Platforms <\/b><span style=\"font-weight: 400;\">(META) shares are up 2.3% ahead of the open amid reports the company is planning another round of layoffs.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Financial Times reported the social media giant has delayed finalizing the budgets of several teams as it prepares for more layoffs.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Those cuts would be on top of the 11,000 employees let go by Meta in November.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meta has not confirmed the report and it\u2019s unclear how big the next round of cuts could be.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Ford EV Announcement Coming Up<\/span><\/h2>\n<p><b>Ford <\/b><span style=\"font-weight: 400;\">(F) shares are 0.1% higher in premarket trade ahead of an EV announcement today.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The automaker announced Sunday that it had something to say about \u201cits plan to rapidly scale EVs and make them more accessible to customers\u201d.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ford is scheduled to host a <\/span><a href=\"https:\/\/www.youtube.com\/@ford\/streams\"><span style=\"font-weight: 400;\">streaming event<\/span><\/a><span style=\"font-weight: 400;\"> at 1:45 p.m. ET.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Analysts are betting the company will announce a new battery plant with Contemporary Amperex Technology Co.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ford said last summer it was exploring batteries based on the company\u2019s technology and it planned to localize lithium iron phosphate battery production in North America.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>DJIA Futures: +1 (+0.01%) SPX Futures: +6 (+0.1%) NASDAQ Futures: +50 (+0.4%) Good morning friends! Futures are mostly higher as traders look to rebound from the worst week since December and look ahead to key inflation data.\u00a0 Let\u2019s get right to it! Inflation Week Begins It\u2019s inflation week yet again with traders awaiting the January CPI.\u00a0 That data will be released by the Bureau of Labor Statistics Tuesday morning at 8:30 a.m. ET.\u00a0 Headline inflation is expected to have risen 0.4% monthly and 6.2% annually at the beginning of 2023.\u00a0 The core CPI is expected to rise 0.3% monthly and 5.4% year over year.\u00a0 The data will give traders more insight on the impact of the Fed\u2019s rate hikes so far after the Fed chair said the \u201cdisinflationary process has begun\u201d.\u00a0 The first piece of key inflation data will come later today with the release of the New York Fed\u2019s survey of consumer expectations at 11:00 a.m. ET. The market is focused on the 1-year and 5-year inflation expectations in that survey.\u00a0 Another Big Earnings Week On top of the inflation data in focus this week, the market will also continue to digest more Q4 earnings.\u00a0 Here\u2019s some of the key companies scheduled to report:\u00a0 Tuesday AM: Coca-Cola (KO), Marriott (MAR) Tuesday PM: Airbnb (ABNB) Wednesday AM: Kraft Heinz (KHC), Roblox (RBLX) Wednesday PM: Cisco (CSCO), Shopify (SHOP), Roku (ROKU) Thursday AM: Hasbro (HAS) Thursday PM: DoorDash (DASH), DraftKings (DKNG) Meta Planning More Layoffs Meta Platforms (META) shares are up 2.3% ahead of the open amid reports the company is planning another round of layoffs.\u00a0 The Financial Times reported the social media giant has delayed finalizing the budgets of several teams as it prepares for more layoffs. Those cuts would be on top of the 11,000 employees let go by Meta in November.\u00a0 Meta has not confirmed the report and it\u2019s unclear how big the next round of cuts could be.\u00a0 Ford EV Announcement Coming Up Ford (F) shares are 0.1% higher in premarket trade ahead of an EV announcement today.\u00a0 The automaker announced Sunday that it had something to say about \u201cits plan to rapidly scale EVs and make them more accessible to customers\u201d.\u00a0 Ford is scheduled to host a streaming event at 1:45 p.m. ET.\u00a0 Analysts are betting the company will announce a new battery plant with Contemporary Amperex Technology Co.\u00a0 Ford said last summer it was exploring batteries based on the company\u2019s technology and it planned to localize lithium iron phosphate battery production in North America.<\/p>\n","protected":false},"author":41,"featured_media":66272,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-66267","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coffee-with-greta"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/66267","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=66267"}],"version-history":[{"count":2,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/66267\/revisions"}],"predecessor-version":[{"id":66275,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/66267\/revisions\/66275"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/66272"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=66267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=66267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=66267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}