Let's take a look at the event. Sure to
move markets tomorrow. It's been a busy week.
I can't believe it's only Tuesday about fourth quarter earnings
season is winding down. We still have some big
companies set to report this week though tomorrow, we'll
get results from the software giant, Adobe Alternative Dairy
company, Oatley and the discount retailer. Excuse me
. Five below all eyes will be on Adobe reporting
after the markets closed and analysts expecting the company to
post earnings per share of$3.68 on sales of$4.6
billion a year on year jump from the same quarter
last year. While Adobe is the maker of popular
software like creative cloud and document services and likely did
see strong user growth in the previous quarter. Increasing
subscription revenue. Investors also keen on hearing the latest
on its plan to acquire rival fig MMA for 20
billion that's facing antitrust review from regulators. Now on
the economic front, we'll get a gauge on the
health of the U S economy as well as some
fresh housing data. These including the latest producer price
index and retail sales figures for February as well as
the latest read on the National Association of Homebuilders Housing
Market index that reflects confidence among single family homebuilders.
While the Commerce Department releasing February retail sales data that
covers spending at stores online and at restaurants. And
last month, it showed a slight month on month
increase data crucial as the strength of the U S
consumer is another important factor for the fed when making
its next rate decision on Wednesday of next week.
Well, the Federal Aviation Administration or FAA hosting an
impromptu airline safety summit tomorrow, the summit called by
the acting head of the agency Billy Nolan after a
system meltdown in January that halted all departing flights for
nearly two hours because of a computer outage also comes
after several near collision incidents between commercial planes last month
. We've been following that here on Cheddar News.
Well, the summit will bring together representatives from across
the industry to try to figure out any red flags
hiding in the data collected by the FAA and the
industry next year. The third and final season of
Ted Lasso is gonna premiere on Apple TV Plus tomorrow
. I can't wait for this. The season picking
up is the newly promoted soccer club. FC Richmond
is facing media predictions that it will finish last in
the premier league and Ted's New Nemesis Nate is working
at West Ham quite The showdown. The 12 episode
season will return tomorrow with new episodes dropping a weekly
on Wednesdays, the show's creator and star Jason Sudeikis
has teased a possible spin off in an interview saying
quote, I think that we've set the table for
all sorts of folks to get to watch the further
telling of these stories. End quote.