Stock futures rise, Fed officials to speak, Tesla earnings: 3 Things


00:00 Speaker A

Let’s get to the three things that you need to know today.

00:03 Speaker B

First up, US stock futures pushing higher this morning after closing sharply lower Monday amid President Trump’s attacks on the Federal Reserve and continued policy uncertainty. Concern that the president could fire Federal Reserve chair Jerome Powell sparking a flight from Treasuries and the US dollar as investors pushed into havens like gold, which touched $3,500 for the first time ever.

00:28 Speaker A

The attention now turns to a slew of Fed officials speaking today. Investors will be watching for any commentary on the central bank’s next move amid the rising political tensions with the White House. The flurry of appearances comes ahead of a quiet period for the central bank with just two weeks until its next policy meeting where traders are pricing in an 11% chance that the central bank will cut interest rates.

00:52 Speaker B

And all eyes turned to Tesla this afternoon. The EV maker will report earnings following one of the stock’s worst ever quarters. Musk’s political entanglements have pushed Tesla sales to a nearly three-year low in the first three months of the year, leading a slew of Wall Street analysts to slash their growth expectations on the stock. The automaker’s souring outlook and steep valuation has spooked investors, leading to a 53% plunge in Tesla’s stock price since it hit a record back in December. You can tune in Tuesday evening on Yahoo Finance for full coverage of Tesla’s first quarter earnings results.


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