00:00 Speaker A
All right, time now for what to watch next week. Start off here on the earnings front. Expect to hear first quarter results from Target, Lowe’s and Home Depot. Investors keeping an eye on commentary regarding guidance. After Walmart, remember, warned of price hikes due to the magnitude of Trump tariffs. Toll Brothers meanwhile gearing up to report second quarter results. The home construction company to shed light on the state of housing, as homebuilder sentiment, we know, continues to decline. Intuit to announce third quarter results on Thursday. Analysts seeing the company poised to meet estimates. Investors can also expect to hear first quarter results from Chinese EV maker Xpeng. As for the Federal Reserve, a slew of officials are expected to speak. New York Fed president John Williams, Boston Fed president Susan Collins, Fed governor Adriana Kugler, Michelle Bowman, and Lisa Cook all expected to make remarks during the week. Markets to keep watch on commentary regarding the path for interest rates as the central bank is in wait and see mode amid tariff inflation uncertainty. And lastly, fresh update on sales in the housing market on Thursday. Data on existing home sales set to release for the month of April. Economists expecting sales to rise 2% on a month over month basis. Then on Friday morning, we’ll get the latest on new home sales, which are expected to fall nearly 5% month over month in April.