00:00 Speaker A
Time now for to watch Wednesday, October 15th.
00:03 Speaker A
We’re going to start off on the earnings front here. More big banks reporting on Wednesday including Bank of America and Morgan Stanley.
00:09 Speaker A
We’re also going to hear from the semiconductor sector, ASML announced results for the third quarter before the markets open.
00:15 Speaker A
analysts expecting sales to come in strong for Q3 and could match last quarter, keeping it on track to meet its goal of growing 15% in 2025.
00:24 Speaker A
Taking a look at the Federal Reserve, we’re going to be getting another round of commentary from Fed officials throughout the day on Wednesday.
00:30 Speaker A
This is coming after comments from Fed Chair J Powell on Tuesday. Powell saying that downside risk to employment appear to have risen, paving the way for potentially more rate cuts in 2025.
00:41 Speaker A
And speaking of the Federal Reserve, the Fed’s beige book is coming out on Wednesday, one of the few major economic reports that is not affected by the government shutdown. Investors will be watching closely for any clues about labor data and whether inflation will be cooling or heating up.