{"id":72811,"date":"2023-12-11T09:02:03","date_gmt":"2023-12-11T14:02:03","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=72811"},"modified":"2023-12-11T09:02:03","modified_gmt":"2023-12-11T14:02:03","slug":"coffee-with-greta-fed-week","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2023\/12\/11\/coffee-with-greta-fed-week\/","title":{"rendered":"Coffee With Greta: Fed Week"},"content":{"rendered":"

Register now<\/strong><\/a> for Wednesday's free pro trader Q&A on LinkedIn with Scott Redler!<\/p>\n

DJIA Futures: <\/b>-20 (-0.1%)<\/span><\/p>\n

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

NASDAQ Futures: <\/b>-22 (-0.1%)<\/span><\/p>\n

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

Futures are slipping as traders look ahead to the final Fed meeting of the year.<\/span><\/p>\n

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

Big Week<\/span><\/h2>\n

This will be the last big week of economic data for traders of 2023.\u00a0<\/span><\/p>\n

Things kick off with the release of the November CPI on Tuesday morning.\u00a0<\/span><\/p>\n

Then the November PPI is released Wednesday morning ahead of the last Fed decision of the year that afternoon.\u00a0<\/span><\/p>\n

Thursday will feature weekly jobless claims, November retail sales, import prices, and business inventories.\u00a0<\/span><\/p>\n

Friday rounds out the week with the Empire State manufacturing index, industrial production, and capacity utilization.\u00a0<\/span><\/p>\n

The Fed decision is the highlight of the week with CME Group\u2019s FedWatch Tool showing 98.4% of traders expecting no rate hike.\u00a0<\/span><\/p>\n

The market will be analyzing the language of the FOMC statement and chairman Jerome Powell\u2019s press conference for any signals on when rate cuts will begin.\u00a0<\/span><\/p>\n

Occidental Petroleum Agrees To Buy Private Energy Producer<\/span><\/h2>\n

Occidental Petroleum <\/b>(OXY) shares are slipping 0.5% ahead of the open after agreeing to buy CrownRock.\u00a0<\/span><\/p>\n

CrownRock is a privately held energy producer that operates in the Permian Basin.\u00a0<\/span><\/p>\n

Occidental will buy the company for $12 billion and the transaction is expected to close in Q1 2024.\u00a0<\/span><\/p>\n

The deal will add 170,000 barrels of oil equivalent per day to Occidental\u2019s production and 1,700 undeveloped locations to its operations in the Permian Basin.\u00a0<\/span><\/p>\n

Macy\u2019s Rallies On Rumored Buyout Offer<\/span><\/h2>\n

Macy\u2019s <\/b>(M) shares are surging 15% in premarket trade following news the company received a $5.8 billion buyout offer.\u00a0<\/span><\/p>\n

The Wall Street Journal first reported Arkhouse Management and Brigade Capital Management offered to buyout the retailer.\u00a0<\/span><\/p>\n

The offer values Macy\u2019s at $21 per share.<\/span><\/p>\n

Arkhouse is a firm that primarily targets real estate investment while Brigade Capital is an asset management firm.\u00a0<\/span><\/p>\n

Sources say the two would be willing to offer a higher bid based on due diligence.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Register now for Wednesday’s free pro trader Q&A on LinkedIn with Scott Redler! DJIA Futures: -20 (-0.1%) SPX Futures: -4 (-0.1%) NASDAQ Futures: -22 (-0.1%) Good morning friends! Futures are slipping as traders look ahead to the final Fed meeting of the year. Let\u2019s get right to it! Big Week This will be the last big week of economic data for traders of 2023.\u00a0 Things kick off with the release of the November CPI on Tuesday morning.\u00a0 Then the November PPI is released Wednesday morning ahead of the last Fed decision of the year that afternoon.\u00a0 Thursday will feature weekly jobless claims, November retail sales, import prices, and business inventories.\u00a0 Friday rounds out the week with the Empire State manufacturing index, industrial production, and capacity utilization.\u00a0 The Fed decision is the highlight of the week with CME Group\u2019s FedWatch Tool showing 98.4% of traders expecting no rate hike.\u00a0 The market will be analyzing the language of the FOMC statement and chairman Jerome Powell\u2019s press conference for any signals on when rate cuts will begin.\u00a0 Occidental Petroleum Agrees To Buy Private Energy Producer Occidental Petroleum (OXY) shares are slipping 0.5% ahead of the open after agreeing to buy CrownRock.\u00a0 CrownRock is a privately held energy producer that operates in the Permian Basin.\u00a0 Occidental will buy the company for $12 billion and the transaction is expected to close in Q1 2024.\u00a0 The deal will add 170,000 barrels of oil equivalent per day to Occidental\u2019s production and 1,700 undeveloped locations to its operations in the Permian Basin.\u00a0 Macy\u2019s Rallies On Rumored Buyout Offer Macy\u2019s (M) shares are surging 15% in premarket trade following news the company received a $5.8 billion buyout offer.\u00a0 The Wall Street Journal first reported Arkhouse Management and Brigade Capital Management offered to buyout the retailer.\u00a0 The offer values Macy\u2019s at $21 per share. Arkhouse is a firm that primarily targets real estate investment while Brigade Capital is an asset management firm.\u00a0 Sources say the two would be willing to offer a higher bid based on due diligence.\u00a0<\/p>\n","protected":false},"author":41,"featured_media":72814,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-72811","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\/72811","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=72811"}],"version-history":[{"count":1,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/72811\/revisions"}],"predecessor-version":[{"id":72816,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/72811\/revisions\/72816"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/72814"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=72811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=72811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=72811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}