{"id":73577,"date":"2024-02-05T09:05:58","date_gmt":"2024-02-05T14:05:58","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=73577"},"modified":"2024-02-05T09:05:58","modified_gmt":"2024-02-05T14:05:58","slug":"coffee-with-greta-taking-a-breath","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2024\/02\/05\/coffee-with-greta-taking-a-breath\/","title":{"rendered":"Coffee With Greta: Taking A Breath"},"content":{"rendered":"

DJIA Futures: <\/b>-102 (-0.3%)<\/span><\/p>\n

SPX Futures: <\/b>-14 (-0.3%)<\/span><\/p>\n

NASDAQ Futures: <\/b>-27 (-0.2%)<\/span><\/p>\n

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

Futures are lower as the Fed continues to strike down hopes of a rate cut soon.<\/span><\/p>\n

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

Powell Doubles Down\u00a0<\/span><\/h2>\n

Fed Chair Jerome Powell doubled down on the bank\u2019s plans for patience when it comes to rate cuts during an appearance on 60 Minutes Sunday night.\u00a0<\/span><\/p>\n

The Chairman said, \u201cWith the economy strong like that, we feel like we can approach the question of when to begin to reduce interest rates carefully\u2026 \u201cWe want to see more evidence that inflation is moving sustainably down to 2%. Our confidence is rising. We just want some more confidence before we take that very important step of beginning to cut interest rates.\u201d<\/span><\/p>\n

The comments largely echoed those made during his press conference last Wednesday after the FOMC voted to keep interest rates unchanged.\u00a0<\/span><\/p>\n

CME Group\u2019s FedWatch Tool shows over 82% of traders expecting no rate hike or cut at the March 20 meeting.\u00a0<\/span><\/p>\n

Currently, over 56% are betting on the first cut to happen in May.\u00a0<\/span><\/p>\n

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

This will be a calmer week for traders after last week\u2019s busy schedule.\u00a0<\/span><\/p>\n

Several Fed speakers are scheduled throughout the week, which will give more insight on the bank\u2019s future plans for interest rate policy.\u00a0<\/span><\/p>\n

There is no major economic data set to be released besides the weekly jobless claims report on Thursday morning.\u00a0<\/span><\/p>\n

The earnings calendar is also lighter after last week\u2019s mega cap tech reports.\u00a0<\/span><\/p>\n

Here are the highlights:\u00a0<\/span><\/p>\n

    \n
  • Tuesday AM: <\/span>Eli Lilly <\/b>(LLY), <\/span>Spotify <\/b>(SPOT)<\/span><\/li>\n
  • Tuesday PM: <\/span>Chipotle <\/b>(CMG), <\/span>Ford Motor <\/b>(F), <\/span>Snap <\/b>(SNAP)<\/span><\/li>\n
  • Wednesday AM: <\/span>Uber <\/b>(UBER), <\/span>CVS <\/b>(CVS), <\/span>Roblox <\/b>(RBLX)<\/span><\/li>\n
  • Wednesday PM: <\/span>Walt Disney <\/b>(DIS), <\/span>Arm Holdings <\/b>(ARM), <\/span>PayPal <\/b>(PYPL)<\/span><\/li>\n
  • Thursday PM: <\/span>Pinterest <\/b>(PINS), <\/span>Affirm <\/b>(AFRM)<\/span><\/li>\n
  • Friday AM: <\/span>Pepsico <\/b>(PEP)<\/span><\/li>\n<\/ul>\n

    McDonald\u2019s Drops On Revenue Miss<\/span><\/h2>\n

    McDonald\u2019s <\/b>(MCD) shares are down 2.0% ahead of the open after missing Q4 revenue expectations.\u00a0<\/span><\/p>\n

    Here\u2019s how the fast food giant\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

      \n
    • Adjusted EPS: $2.95 vs $2.82 expected<\/span><\/li>\n
    • Revenue: $6.41 billion vs $6.45 billion expected<\/span><\/li>\n<\/ul>\n

      Revenue rose 8% year over year.\u00a0<\/span><\/p>\n

      McDonald\u2019s reported global same-store sales growth of 3.4% vs 4.7% expected, weighed down by struggling sales in the Middle East.<\/span><\/p>\n

      Domestic same-store sales rose 4.3%, in line with expectations and boosted by higher menu prices.\u00a0<\/span><\/p>\n

      McDonald\u2019s reiterated its 2024 forecast for systemwide sales growth of nearly 2%.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

      DJIA Futures: -102 (-0.3%) SPX Futures: -14 (-0.3%) NASDAQ Futures: -27 (-0.2%) Good morning friends! Futures are lower as the Fed continues to strike down hopes of a rate cut soon. Let\u2019s get right to it! Powell Doubles Down\u00a0 Fed Chair Jerome Powell doubled down on the bank\u2019s plans for patience when it comes to rate cuts during an appearance on 60 Minutes Sunday night.\u00a0 The Chairman said, \u201cWith the economy strong like that, we feel like we can approach the question of when to begin to reduce interest rates carefully\u2026 \u201cWe want to see more evidence that inflation is moving sustainably down to 2%. Our confidence is rising. We just want some more confidence before we take that very important step of beginning to cut interest rates.\u201d The comments largely echoed those made during his press conference last Wednesday after the FOMC voted to keep interest rates unchanged.\u00a0 CME Group\u2019s FedWatch Tool shows over 82% of traders expecting no rate hike or cut at the March 20 meeting.\u00a0 Currently, over 56% are betting on the first cut to happen in May.\u00a0 Quieter Week This will be a calmer week for traders after last week\u2019s busy schedule.\u00a0 Several Fed speakers are scheduled throughout the week, which will give more insight on the bank\u2019s future plans for interest rate policy.\u00a0 There is no major economic data set to be released besides the weekly jobless claims report on Thursday morning.\u00a0 The earnings calendar is also lighter after last week\u2019s mega cap tech reports.\u00a0 Here are the highlights:\u00a0 Tuesday AM: Eli Lilly (LLY), Spotify (SPOT) Tuesday PM: Chipotle (CMG), Ford Motor (F), Snap (SNAP) Wednesday AM: Uber (UBER), CVS (CVS), Roblox (RBLX) Wednesday PM: Walt Disney (DIS), Arm Holdings (ARM), PayPal (PYPL) Thursday PM: Pinterest (PINS), Affirm (AFRM) Friday AM: Pepsico (PEP) McDonald\u2019s Drops On Revenue Miss McDonald\u2019s (MCD) shares are down 2.0% ahead of the open after missing Q4 revenue expectations.\u00a0 Here\u2019s how the fast food giant\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $2.95 vs $2.82 expected Revenue: $6.41 billion vs $6.45 billion expected Revenue rose 8% year over year.\u00a0 McDonald\u2019s reported global same-store sales growth of 3.4% vs 4.7% expected, weighed down by struggling sales in the Middle East. Domestic same-store sales rose 4.3%, in line with expectations and boosted by higher menu prices.\u00a0 McDonald\u2019s reiterated its 2024 forecast for systemwide sales growth of nearly 2%.\u00a0<\/p>\n","protected":false},"author":41,"featured_media":73580,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-73577","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\/73577","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=73577"}],"version-history":[{"count":1,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/73577\/revisions"}],"predecessor-version":[{"id":73582,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/73577\/revisions\/73582"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/73580"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=73577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=73577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=73577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}