00:00 Speaker A
Time now for to watch Friday, April 11th. It’s at time again, banks are kicking off another earnings season. We’re going to be getting reporting from JP Morgan, Morgan Stanley, Wells Fargo, and Bank of New York Melon. JP Morgan announced the results for the first quarter before the markets open. Analysts expecting higher trading revenue to lift the big bank in Q1, but economic uncertainty and weaker consumer confidence will also be a focus on that earnings call.
00:32 Speaker B
Speaking of the consumers, some soft data coming in the morning with consumer sentiment. Economists see that number falling to 53.8 in April. That would make it the fourth straight month of decline as consumers navigate President Trump’s rapidly changing tariff policy.
00:48 Speaker A
And sticking with the economy, we’re going to be getting more inflation data tomorrow with PPI, that’s the producer price index. Economists forecasting both total and core PPI to increase to 0.2 and 0.3% respectively on a month-over-month basis.
01:02 Speaker B
And finally another round of Fed commentary coming in the morning from a few Fed presidents. Coming after comments earlier today from Dallas Fed president Lorie Logan, she said that the Fed must ensure tariffs do not spark lasting inflation.