00:00 Speaker A
Time for what to watch now. Starting off on the earnings front. We’ll be getting a big batch of earnings including reports for Salesforce as well as value retailers Dollar Tree and Dollar General.
00:10 Speaker A
Salesforce announcing results for the third quarter on Wednesday. analysts expecting Q3 to look a lot like the previous quarter with solid growth, steady demand and only small changes in profitability.
00:18 Speaker A
The company’s new acquisition of Informatica should help boost revenue over the next year by roughly $1.7 billion. But spending more to grow its agent force AI product could weigh on profit margins.
00:32 Speaker A
Taking a look at the economy. The Fed’s preferred inflation gauge is coming out on Friday. That’s personal consumption expenditures or PCE.
00:41 Speaker A
Economists forecasting total and core PCE, which takes out food and energy, to hold steady at 0.3% and 0.2% respectively on a month-over-month basis, signaling that overall consumer prices are rising, but at the same pace as the previous month.
00:54 Speaker A
And shifting gears to autos. Auto sales data is out on Tuesday. Wall Street anticipating that number to come in at 15.4 million for November.
01:04 Speaker A
It’s a small but positive uptick in demand for new vehicles compared to the prior month, suggesting that consumers are still buying cars at a steady pace.