Welcome back to the closing bell on shutter news.
Now, let's get a look at the events that
are sure to move markets tomorrow. And let's start
with, we're learning more about the Federal Reserve thought
process for decision last month to raise rates a quarter
of a percentage point. We're going to get minutes
that are released from that meeting and they're coming out
tomorrow. Investors will be watching for any insights on
the near term of interest rates and the overall health
of the US economy. The fed did note that
future rate hikes may be warranted and Wall Street seems
to be pricing at another 25 basis point hike.
We're also waiting some key economic data this week with
the March consumer price index out tomorrow. Now,
the key inflation gauge tracks the monthly change in prices
paid by us consumers. And March's tally is expected
to show a 5.2% increase year over year, which
will be down 6% from the previous month. That
would still be well above the fed's target range of
2% analysts and investors hope that the report will give
further insight into what the FED might do next with
interest rates when the central bank meets in early May
and earnings season is continuing on and tomorrow, we're
going to get a report from rent the runway.
The subscription fashion service offers an e commerce platform that
allows women to rent designer apparel and accessories and the
company will post financial results after the markets close,
the report will come after the company posted a beat
on its top and bottom lines in its four most
recent quarters. And Warner Brothers Discovery will host a
press event tomorrow where it is expected to discuss its
new streaming product. According to a report today from
the New York Times, Warner Bros Discovery is set
to announce the relaunch of HBO Max under the name
Max, which will combine content both from HBO Max
and Discovery. Plus, the report also says that
Max will make its debut sometime in May or June
and that will cost$16 a month. The service
will also reportedly have several price tiers including a less
expensive ad supported tier. Now the event tomorrow will
come after Warner Brothers, Discovery announced plans to combine
HBO Max and Discovery Plus back in August, a
link to the live webcast of the event will be
available in the investor relations sections of Warner Brothers discovery
website. We'll be following this one closely and we'll
bring you the latest on the announcement here on closing 00:02:15.338 --> Bell