ASML earnings, retail data, Fed Chair Powell speech: What to Watch

00:00 Speaker A

Time present for to ticker Wednesday, April 16th. Starting disconnected connected the net front, immoderate much important coming successful tomorrow. That includes ASML, Abbott Labs, Kinder Morgan. ASML announced results for the archetypal quarter. Analysts expecting Q1 income to emergence by astir 50% from a twelvemonth agone for the spot instrumentality manufacturer, but investors volition perceive for immoderate commentary astir however looming spot tariffs could interaction the institution going forward. To get a look astatine the economy, we're going to beryllium getting immoderate penetration into the user with US retail income successful the morning. Com is forecasting full income to summation to 1.3% and halfway retail income to tick up to 0.6% connected a month-over-month basis. Moving implicit to housing, the monthly location builder assurance scale coming retired successful the morning. That fig expected to diminution to 38, which would marque it 3 consecutive drops successful a row, and the lowest since December 2023. And finally, we're going to beryllium getting immoderate much Fed commentary tomorrow, including Fed Chairman Powell, who is speaking astatine the Economic Club of Chicago successful the afternoon. This coming aft comments from Fed President Rafael Bostic past night. Bostic emphasizing patience and for the Fed to hold for clarity connected President Trump's policies earlier adjusting involvement rates.