Take a look ahead of the event short of markets
tomorrow, Tik Tok Ceo Shou set to appear before
Congress for the first time. Likely to face tough
questions on the app's ties to the Chinese government and
its handling of private user data. Xu's testimony coming
as more lawmakers are questioning its parent company by dances
ties to the Chinese government. Recently, the Biden
administration threatened to ban tiktok in the US if it
doesn't split with the Chinese owners. She is going
to speak at 10 AM Eastern during a house Energy
and Commerce Committee hearing. We're also going to have
more big names set to report results tomorrow including cereal
maker, General Mills, restaurant company, Darden restaurants
, General Mills set to report results from its first
fiscal quarter of 2023. The company exceeded expectations on
the top and the bottom lines in its three most
recent quarters and shares of General Mills rising in the
past month. Coming after the company recently offered strong
guidance at a conference in February. We're also going
to get economic data on tap specifically about the housing
sector. The Census Bureau set to release new home
sales data for the month of February coming after a
different report yesterday, finding that sales of previously owned
homes in the US jumped in February for the first
time in a year. While highly elevated mortgage rates
largely keeping would be home buyers on the sidelines.