The Day Ahead: FedEx Earnings, Housing Data & MLB Draft Combine

Closing Bell

Now, let's take a look ahead at the events that are sure to move markets tomorrow and let's start with fedex which will report its latest quarterly earnings tomorrow. The company will let investors know where it stands after several cost cutting measures since last November which included multiple rounds of furloughs and location consolidations in its freight division have changed profit outlooks for the company. We will let you know as soon as fedex releases its earnings tomorrow and this is a big week for home sales data tomorrow. The US Census Bureau publishes his residential construction data for May. Now this all comes after the National Association of Builders released its housing market index for June today and it showed that new home sales of and traffic of prospective buyers were up compared to May's report or down year over year. The National Association of Realtors will release its report on existing construction on Thursday and the MLB S third ever annual draft combine is underway in Phoenix Arizona at Chase field. This is featuring 300 of this year's top eligible players. The last two combines have featured multiple players with notable performances including current Oakland A's right hand pitcher Mason Miller who threw seven of the eight fastest pitches at the inaugural event in 2021. This year's event will include batting practice infield outfield and bullpen sessions prior to the 2023 MLB draft which will take place July 9th through 11 in Seattle, Washington.