What to Watch Next Week

00:03 Speaker A

Well time now for what to watch on the earnings front. Investors can expect to hear quarterly results from Constellation Brands, got McCormick, Pepsico, Delta Airlines, the latest results to shed light on the state of the consumer amid growing pessimism, particularly about their own financial prospects.

00:20 Speaker A

Sticking with the consumer, the University of Michigan is set to release preliminary October data on consumer sentiment. The index easing about 5% in September, but remained above the low readings seen in April and May of this year.

00:33 Speaker A

Economists expecting sentiment to tick slightly lower in October, the latest report coming as consumers continue to express frustration over the persistence of high prices.

00:41 Speaker A

And moving on to the Fed, investors can expect to hear from a slew of Federal Reserve officials, including the Fed’s Rafael Bostic, Stephen Myron, Neil Kashkari, Michael Barr, Michelle Bowman, and Jerome Powell.

00:52 Speaker A

Markets to keep an ear out for remarks regarding how the central bank is looking at monetary policy ahead of the FOMC meeting on October 28th and 29th.

01:00 Speaker A

And turning to Washington, the Senate failed once again to pass the Republican and Democratic short-term spending bills. As a result, the government remains in shutdown mode on Monday.

01:12 Speaker A

The Senate chamber is expected to return and once again try to advance GOP and Democratic funding proposals.

01:17 Speaker A

And lastly, OPEC Plus is meeting on October 5th. Nations are looking to reach a consensus on how to adjust their oil production next month. Traders are speculating OPEC Plus will consider raising output more than originally anticipated.