All right, let's take a look ahead of the
day ahead. What's going to be moving markets tomorrow
? Why don't we earning season still underway, kind
of earning season, you know the deal by now
, but we'll get reports from Campbell's Soup and Vera
Bradley. So that will give us a sense of
the consumer. Campbell is going to release results from
its third fiscal quarter of 2023 before the market opens
and analysts expect the food company to register beats on
the top and the bottom lines. Well, according
to Zach's equity research, Campbell is benefiting from its
snack business and focus on innovation. It also notes
that inflation does remain a concern for the company will
also get some economic data including information on the trade
deficit and consumer credit for the month of April.
The Federal Reserve will release data on consumer borrowing activity
in April. Something that's being closely watched as credit
card debt is sharply rising in the US comes as
consumers put more and more purchases really have basic essentials
on their cards to cope with inflation. High borrowing
costs have obviously spiked recently and it's created more debt
at higher rates for consumers. Now, recent reports
show that up to 35% of Americans in fact carry
debt on their credit cards. And tomorrow is World
Food Safety Day. It's a global effort between the
World Health Organization and the UN to raise awareness about
the importance of food safety practices. The un established
World Food Safety Day in 2018 and it's been celebrated
annually focusing on different themes related to food safety.
So this year's theme is food standards, save Lives
and it does highlight the importance of food standards and
preventing food borne illness while food safety is a critical
issue across the globe and can lead to serious health
consequences. In fact, one in 10 people fall
ill annually from exposure to contaminated food and 402,000 people
die from food borne illnesses as a result costing the
world over$110 billion in productivity and medical expenses.
Now organizers hope this year's theme will encourage consumers to
be conscious of the food that they buy and practice
safety when it comes to food handling and storage.
Ok. Tomorrow, this is a fun one.
The 22nd annual Tribeca Film Festival begins in New York
City in the Tribeca neighborhood. And this year's festival
is going to emphasize diversity in content and storytelling.
So nearly 70% of the competition features films directed by
women and showcases 43 1st time filmmakers from traditionally under
represented communities, there will also be an immersive program
that includes exhibits on the sexual exploitation of female political
prisoners and an augmented reality experience on black communities that
built New York. That'll be cool.