00:10 Speaker A
Time now for what to watch Tuesday, February 24th. It’s a busy day for markets with politics, earnings and tariffs all in focus.
00:20 Speaker A
President Trump is delivering his state of the Union address Tuesday. The speech coming amid heightened partisan tensions with a group of Democrats planning to boycott and hold a rally outside the capital.
00:32 Speaker A
Investors will be listening closely for any commentary on tariffs, Trump imposing a 15% global tariff after the Supreme Court struck down a big chunk of his tariff agenda.
00:44 Speaker A
On the earnings front, another big week ahead with Keurig Dr. Pepper, Mercado Libre and Alcon all reporting.
00:52 Speaker A
Retailers in also focus with Home Depot announcing fourth quarter results, analysts expecting same store sales to edge lower, but winter storms may be providing a temporary boost in do it yourself demand.
01:04 Speaker A
Another focus will be 2026 guidance with expectations for flat to modest comparable comparable sales growth as the home improvement market stabilizes.
01:13 Speaker A
On the software side, Workday is also reporting Q4 earnings, the stock getting hammered in the recent software sell off, but the spotlight may be less on the quarter and more on strategy as the work day co-founder resumes the CEO role.
01:26 Speaker A
We’re also getting fresh commentary from Federal Reserve officials on Tuesday. The markets continuing to weigh the impact of inflation on tariffs and bracing for what President Trump will say during his state of the Union address.
01:40 Speaker A
And finally, February consumer confidence is released Tuesday. Economist forecasting the headline number to come in at 87, up from January’s print.