Reuters Insider - U.S. Week Ahead: Employment data, more earnings
31/01/2020 20:48
Click the following link to watch video: https://share.insider.thomsonreuters.com/link?entryId=1_1j2t2asi&referenceId=1_1j2t2asi&pageId=ReutersNews Source: Reuters Insider Description: Earnings continue to pour in from media, technology, and food industry companies. Alphabet, Walt Disney, Twitter and Yum! Brands are among those reporting. Manufacturing and jobs data will also be front and center. The US Labor Department releases its unemployment rate Friday. Short Link: https://tmsnrt.rs/37LoepB Video Transcript: Welcome to your week ahead. I'm Leah Duncan. So that's fell sharply on Friday. Ongoing concerns about the economic impact of the coronavirus weaker than expected manufacturing data also weighed on sentiment. The focus next week will be more earnings from technology and media companies as well as economic reports. First up, data on jobs on Friday. The Labor Department's employment report for January is expected to show nonfarm payrolls increasing by 165 thousand jobs, an uptick of 20 thousand over December. The unemployment rate is expected to hold steady at 3.5%. On Wednesday, economists expect the ADP National employment reports to show a decrease in private payrolls. Manufacturing data is also front and center. A report from the Institute for Supply Management will likely show manufacturing PMI rising to 48.5 in January, up from the prior month. But a reading below 50 indicates contraction. A report from the Commerce Department on Tuesday is expected to show factory orders rising 1.1% in December after dropping 0.7% in the prior month. Turning to earnings, Walt Disney reports on Tuesday after the market closed down, let's say the entertainment company will post higher fourth quarter revenue, boosted by the launch of its streaming platform, dizzy plus, and a new Star Wars themed park. Investors will watch out for any commentary on its content. Spend for the streaming platform shears, or can we up roughly 5% year to date? And alphabet reports after the bell on Monday endless predicts that Google's parents will report a jump in fourth quarter revenue. Thanks to its leadership online ad sales, YouTube and its cloud businesses are also expected to perform well. The sock has risen 7% since the beginning of the year. Initial companies reporting next week include Qualcomm outwith results on Wednesday, edge Twitter on Thursday, Thursday. We'll also get results from Yum Brands. Analysts expect its overall fourth quarter comparable sales to rise, supported by growth at KFC and Taco Bell. However, pizza huts, comparable sales are likely to turn negative after showing signs of growth in the past four quarters, the stock is up almost 5% year to date. >> Well, that is your week ahead. You can watch more videos. Are line at Reuters.com. I lay Duncan, this is voiceless