What to Watch in the Day Ahead - Wednesday, August 9

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08/08/2023 19:33

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Walt Disney Co reports its third-quarter results after the market closes, with questions looming
over what the company plans to do with its declining television business and its sports
division, ESPN. CEO Bob Iger has said he was exploring strategic options for ESPN, at a time
when TV viewership is declining, carriage fees are increasing modestly but licensing fees for
professional sports continue to increase. He has also said Disney might consider selling its
linear TV assets.

Illumina Inc will report its second-quarter results after markets close. Investors are likely to
focus on its quarterly genomic sequencing services performance amid biotech funding weakness, in
addition to the company's ongoing efforts, including job cuts to cushion the impact of sticky
inflation and a strong dollar on its business.

Charles River Laboratories International Inc is expected to report second-quarter earnings.
Investors will be on the lookout for comments around an ongoing shortage of lab monkeys, and any
changes to the contract drug developer's annual forecast.

Roblox Corp is expected to post a rise in second-quarter bookings as audience flocked to the
platform for its popular games such as "Adopt Me!" and "Murder Mystery 2". The company is
scheduled to report results before markets open. 

Bankrupt trucking company Yellow Corp will make its first court appearance since filing for
Chapter 11 protection, seeking court approval for a $142 million bankruptcy loan.

Canada's building permits data for June is due to be released. The value of Canadian building
permits fell 3.5% in June.

Mexico's national statistics agency INEGI is expected to report headline inflation likely rose
0.49% in July, after rising 0.10% in the previous month. On a yearly basis, annual inflation
likely gained 4.79% in July. Core inflation likely rose 0.42% in July, following a gain of 0.30%
in the previous month. In the 12 months through July, Mexico's core inflation rose 6.68%. The
Latin American country is also scheduled to report producer price index data for July.

LIVECHAT-REUTERS GLOBAL MARKETS FORUM
Yesha Yadav, professor of law at Vanderbilt University, is expected to speak on the impact of
Fitch's downgrade of U.S. Treasury and variance among ratings agencies, market structure, and
debates over whether cryptocurrency tokens are securities. (1100/1500) To join the conversation,
click here

 (Compiled by Kumar Satyam; Edited by Shilpi Majumdar)
 ((Kumar.Satyam@thomsonreuters.com;))