{"id":66957,"date":"2023-04-11T09:01:55","date_gmt":"2023-04-11T13:01:55","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=66957"},"modified":"2023-04-11T09:01:55","modified_gmt":"2023-04-11T13:01:55","slug":"coffee-with-greta-inflation-data-looms","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2023\/04\/11\/coffee-with-greta-inflation-data-looms\/","title":{"rendered":"Coffee With Greta: Inflation Data Looms"},"content":{"rendered":"

DJIA Futures: <\/b>+22 (+0.1%)<\/span><\/p>\n

SPX Futures: <\/b>+4 (+0.1%)<\/span><\/p>\n

NASDAQ Futures: <\/b>-3 (-0.03%)<\/span><\/p>\n

Good morning friends!<\/span><\/p>\n

Futures are flat as traders look ahead to several Fed speeches and key inflation data.\u00a0<\/span><\/p>\n

Let\u2019s get right to it!<\/span><\/p>\n

Fed Speakers Coming Up<\/span><\/h2>\n

The major indexes are little changed ahead of the open as traders await speeches from several Fed officials today.\u00a0<\/span><\/p>\n

The Chicago, Philadelphia, and Minneapolis Fed Presidents are all set to speak today.\u00a0<\/span><\/p>\n

All 3 are voting members of the Federal Open Market Committee this year.\u00a0<\/span><\/p>\n

Traders are looking for more clues about the bank\u2019s plans for the May 3 meeting.\u00a0<\/span><\/p>\n

CME Group\u2019s FedWatch Tool shows over 70% of traders anticipating a 25 basis point hike.\u00a0<\/span><\/p>\n

The latest inflation data is also looming over the market with the March CPI set to be released Wednesday morning.<\/span><\/p>\n

CarMax Earnings Top Expectations<\/span><\/h2>\n

CarMax <\/b>(KMX) shares are rallying 6.3% ahead of the open after beating fiscal Q4 profit expectations.\u00a0<\/span><\/p>\n

Here\u2019s how the used-car seller\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

    \n
  • EPS: $0.44 vs $0.20 expected<\/span><\/li>\n
  • Revenue: $5.7 billion vs $6.1 billion expected<\/span><\/li>\n<\/ul>\n

    Comparable-store sales fell 22% vs analysts\u2019 expectations for a 27% drop.\u00a0<\/span><\/p>\n

    The CEO said, \u201cOur deliberate steps to navigate the pressures facing the used car industry are driving sequential improvements in our business.\u201d<\/span><\/p>\n

    Albertsons Slips After Consumer Warning<\/span><\/h2>\n

    Albertsons <\/b>(ACI) shares are slipping 0.4% in premarket trade despite beating fiscal Q4 expectations on the top and bottom line.\u00a0<\/span><\/p>\n

    Here\u2019s how the grocer\u2019s results compared to analysts\u2019 expectations:\u00a0<\/span><\/p>\n

      \n
    • Adjusted EPS: $0.79 vs $0.68 expected<\/span><\/li>\n
    • Revenue: $18.27 billion vs $18.22 billion expected<\/span><\/li>\n<\/ul>\n

      But the CEO said the company has prepared for \u201c\u201ca more difficult consumer environment, and are expecting significant labor investments and inflationary cost increases\u201d in fiscal 2023.<\/span><\/p>\n

      Albertsons is set to be acquired by <\/span>Kroger <\/b>(KR) with the deal reportedly on track to be completed in early 2024.<\/span><\/p>\n

      Moderna Delays Flu Shot<\/span><\/h2>\n

      Moderna <\/b>(MRNA) shares are dropping 4.5% ahead of the open after the company said it\u2019s delaying its flu vaccine.\u00a0<\/span><\/p>\n

      The pharmaceutical giant said it has not enrolled enough cases in its late-stage trial of the shot to determine if it\u2019s successful or not.\u00a0<\/span><\/p>\n

      Moderna will continue testing after the first late-stage study found the shot to be less effective against influenza B than an already approved vaccine.<\/span><\/p>\n

      The company said Monday it expects to launch six major vaccines in the next few years.<\/span><\/p>\n

      In Case You Missed It<\/span><\/h2>\n
        \n
      • Tesla <\/b>(TSLA) cut prices in the U.S. for the fifth time since January on Monday. The automaker\u2019s website showed both versions of the Model 3 sedans were lowered by $1,000 and the Model Y crossover price was lowered by $2,000. Tesla also cut prices on both versions of the Model S and Model X by $5,000.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

        DJIA Futures: +22 (+0.1%) SPX Futures: +4 (+0.1%) NASDAQ Futures: -3 (-0.03%) Good morning friends! Futures are flat as traders look ahead to several Fed speeches and key inflation data.\u00a0 Let\u2019s get right to it! Fed Speakers Coming Up The major indexes are little changed ahead of the open as traders await speeches from several Fed officials today.\u00a0 The Chicago, Philadelphia, and Minneapolis Fed Presidents are all set to speak today.\u00a0 All 3 are voting members of the Federal Open Market Committee this year.\u00a0 Traders are looking for more clues about the bank\u2019s plans for the May 3 meeting.\u00a0 CME Group\u2019s FedWatch Tool shows over 70% of traders anticipating a 25 basis point hike.\u00a0 The latest inflation data is also looming over the market with the March CPI set to be released Wednesday morning. CarMax Earnings Top Expectations CarMax (KMX) shares are rallying 6.3% ahead of the open after beating fiscal Q4 profit expectations.\u00a0 Here\u2019s how the used-car seller\u2019s results compared to analysts\u2019 estimates:\u00a0 EPS: $0.44 vs $0.20 expected Revenue: $5.7 billion vs $6.1 billion expected Comparable-store sales fell 22% vs analysts\u2019 expectations for a 27% drop.\u00a0 The CEO said, \u201cOur deliberate steps to navigate the pressures facing the used car industry are driving sequential improvements in our business.\u201d Albertsons Slips After Consumer Warning Albertsons (ACI) shares are slipping 0.4% in premarket trade despite beating fiscal Q4 expectations on the top and bottom line.\u00a0 Here\u2019s how the grocer\u2019s results compared to analysts\u2019 expectations:\u00a0 Adjusted EPS: $0.79 vs $0.68 expected Revenue: $18.27 billion vs $18.22 billion expected But the CEO said the company has prepared for \u201c\u201ca more difficult consumer environment, and are expecting significant labor investments and inflationary cost increases\u201d in fiscal 2023. Albertsons is set to be acquired by Kroger (KR) with the deal reportedly on track to be completed in early 2024. Moderna Delays Flu Shot Moderna (MRNA) shares are dropping 4.5% ahead of the open after the company said it\u2019s delaying its flu vaccine.\u00a0 The pharmaceutical giant said it has not enrolled enough cases in its late-stage trial of the shot to determine if it\u2019s successful or not.\u00a0 Moderna will continue testing after the first late-stage study found the shot to be less effective against influenza B than an already approved vaccine. The company said Monday it expects to launch six major vaccines in the next few years. In Case You Missed It Tesla (TSLA) cut prices in the U.S. for the fifth time since January on Monday. The automaker\u2019s website showed both versions of the Model 3 sedans were lowered by $1,000 and the Model Y crossover price was lowered by $2,000. Tesla also cut prices on both versions of the Model S and Model X by $5,000.<\/p>\n","protected":false},"author":41,"featured_media":66959,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-66957","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\/66957","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=66957"}],"version-history":[{"count":2,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/66957\/revisions"}],"predecessor-version":[{"id":66962,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/66957\/revisions\/66962"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/66959"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=66957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=66957"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=66957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}