The Day Ahead: Earnings Report Update, Retail Sales & Airline Safety Summit

Closing Bell

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 will 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.