00:07 Speaker A
It’s time now for what to watch. The government shutdown is entering its fifth week, but a number of big economic events are still taking place including tech earnings, the Fed’s FOMC meeting and President Trump’s summit with President Xi.
00:23 Speaker A
Starting off on the earnings front, too many names to mention that are reporting, but everyone is going to be focused on Big Tech.
00:34 Speaker A
Microsoft, Alphabet, and Meta on Wednesday. Then you got Apple and Amazon on Thursday.
00:40 Speaker A
So let’s get into it. Wednesday will be led by Microsoft, announcing first quarter results after the closing bell on Wednesday.
00:47 Speaker A
analysts expecting the company to say it’s spending even more money to build out its AI and cloud infrastructure.
00:54 Speaker A
Moving over to Thursday, Apple and Amazon are also reporting after the market’s close. Apple’s reporting fourth quarter earnings.
01:00 Speaker A
iPhone sales are in focus for Apple’s report with China showing signs of strong sales but weaker numbers in the US.
01:06 Speaker A
And taking a look over at the Federal Reserve, the Fed kicking off its two-day FOMC meeting on Tuesday, the interest rate decision coming out on Wednesday with Fed Chair Powell giving a press conference shortly after the decision.
01:17 Speaker A
And finally, President Trump is meeting with his Chinese counterpart counterpart, Xi Jinping in South Korea.
01:23 Speaker A
The meeting is set to take place on Thursday amid continuing trade tensions between the two countries.
