President Joe Biden is traveling to Michigan on Tuesday, September 26th to support the UAW strikes. Former President Donald Trump says he will visit with autoworkers in Detroit on Wednesday instead of attending the second Republican presidential debate. On the earnings side, Costco (COST) will be reporting its fourth quarter results next week as well as Nike (NKE), which will be reporting its first quarter results on Thursday, September 28th. On the economic front, the consumer confidence index for September will be released on Tuesday, September 26th. Core PCE inflation data for August will be released on Friday, September 29th. This is one of the key economic data points that the Federal Reserve will be looking at for its next interest rate hike decision. Yahoo Finance’s Josh Lipton takes a look at what to watch next week. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Biden to Join UAW Picket Line, Nike Earnings, Inflation Data, and Top Stories Next Week
As we head into the final week of September 2023, several significant events are set to dominate the news cycle. Among them is President Joe Biden’s decision to join the United Auto Workers (UAW) on a picket line, Nike’s highly anticipated earnings report, the release of inflation data, and various other stories that will draw attention in the coming days.
One of the most striking developments is President Biden’s plan to show solidarity with the UAW workers by participating in their picket line. This move underscores the president’s commitment to the labor movement and his goal of protecting workers’ rights. The UAW, one of the largest unions in the United States, has been embroiled in negotiations with several automakers over various labor issues, including worker pay, benefits, and job security. Biden’s overt support for the UAW could have far-reaching implications for the future of labor relations in the country.
Another highly anticipated event is the release of Nike’s earnings report for the last quarter. As a global leader in the sportswear industry, Nike’s financial performance has always been closely watched by investors, analysts, and consumers. This report will provide insights into Nike’s sales, revenue, and overall market performance, indicating the company’s health and its response to challenges such as supply chain disruptions and changing consumer preferences. The report’s findings may influence both the company’s stock value and the broader market sentiment in the retail sector.
Additionally, inflation data is due to be released, providing a crucial measure of the country’s economic health. Inflation has been a hot topic recently, with rising prices affecting consumers and businesses alike. Economists and policymakers will scrutinize the data for insights into the pace and extent of inflation, which can have substantial implications for interest rates, government policies, and overall market stability. The Federal Reserve has been closely monitoring inflationary pressures, and this data will further inform their decisions regarding monetary policy.
Looking ahead, several other stories are expected to captivate the public’s attention in the coming week. Climate change and environmental initiatives are likely to feature prominently, with key international conferences and announcements related to sustainability agendas set to occur. Additionally, ongoing political developments, both domestically and internationally, will continue to shape the global landscape. The evolving situation in hotspots like Afghanistan, China-Taiwan relations, and major elections taking place in various countries will make headlines and generate substantial discussion.
All in all, the week ahead is bound to be eventful, with issues ranging from worker rights to corporate earnings, economic performance to global affairs dominating the news. As always, staying informed about these stories is essential for understanding the world around us and staying engaged with the most pressing matters of our time.
Where was he for the railroad strike? Not enough members? Yes
L G B !
Here's a question. Demented Joe is going to travel to Michigan and walk the picket line with striking UAW members. Let's put aside whether it's a good idea for a US president to set himself up against major industry or the fact that a big reason they're striking Is due to the Biden-promoted EV green energy hoax.
Here's the question. Just how far is old Joe going to walk?
Auto makers, employees, striking, asking for more money in a recession on over priced vehicles. This is too funny. The unions the cartel, trying to hold the planet in hostage situation good grief shut your shut down who cares shut it down I wouldn’t give you two cents of a raise.
You're a great storyteller
Where was he for the Railroad Strike?? Forced us to take a deal the Workers didn’t want.