Beat the street: CPI; Home Depot; Boeing
US stocks indicated higher after cooler-than-expected inflation data boosted hopes the Federal Reserve is done with its interest rate-hiking campaign. Home Depot rise after its earnings. Boeing set to update on deliveries.
(Video Transcript Summary)
The global impact of Japan's currency volatility
In this episode of beat the street, IGTV host and financial analyst Angeline Ong talks about the upcoming release of important economic data that could impact the stock market. The main focus is on how inflation could affect interest rates set by the US Federal Reserve (Fed).
Next, Angeline discusses the volatility in Japan's currency and how it can affect global markets. She highlights good news from retail firm Home Depot, which reported better-than-expected profits in the third quarter, a positive sign for the retail sector.
Retail giants under the spotlight
She also mentions other retail companies like Walmart, Macy's, Gap and TJX, and how their sales numbers are being closely watched by investors.
Another topic discussed is Boeing's deliveries of their 737 airplanes. This is important because Boeing supplies airplanes to many airlines around the world. She also mentions Chinese company Tencent Music Entertainment and how their sales have been affected by new regulations on online gambling.
Vaping industry faces regulatory hurdles
Finally, Angeline talks about regulatory challenges in the vaping industry, which is facing concerns about the health effects of vaping and how it is marketed. This is particularly important for big tobacco companies like British American Tobacco and Imperial Brands, who are trying to balance the risks of regulation with their ability to make money for investors.
The video ends with a quick summary of how the stock market reacted to the economic data mentioned earlier. Angeline encourages viewers to keep watching for more analysis in future episodes.
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