"This feels like a wait-and-see meeting, and we should all be listening to see if there's any hint or a bias towards a future action."
"The finalists had been widely believed to be Former Fed Governor Kevin Warsh, current Governor Christopher Waller, National Economic Council chief Kevin Hassett, and BlackRock fixed income head Rick Rieder. Trump, in the interview, said Rieder, the last to interview, is 'impressive' and praised all the candidates,"
"First-quarter revenue is expected to demonstrate year-over-year growth ranging from 10% to 12%, which translates to $136.7B to $139.2B. This would easily eclipse Apple's previous record high quarterly revenue of $124.3B set during the first quarter of fiscal 2025. What's more, it would stand as Apple's most significant year-over-year revenue jump since the first quarter of"
The S&P 500 is up about 0.14% and the SPDR S&P 500 ETF (SPY) is up 0.19%. The Nasdaq is up 0.73% while the Dow is down about 0.08%. Markets await Federal Reserve guidance on interest rates, with no rate change expected and a prevailing 'stand pat' stance. Futures imply one or two rate cuts may occur later this year. Presidential consideration of a replacement for Jerome Powell introduces uncertainty, with several finalists reported and Rick Rieder singled out as 'impressive.' Major tech earnings are due, including Microsoft, Meta, Tesla, and Apple, with Apple forecasting strong year-over-year revenue growth.
Read at 24/7 Wall St.
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