CashNews.co
Investors are digesting the latest commentary from Fed Chair Jerome Powell as the Fed weights its next interest rate cut. The autos industry is under pressure after Stellantis (STLA) slashed its guidance, citing increased competition from China. The move sent European carmaker stocks sinking in Monday’s trading session. Meanwhile, China stocks surged in their biggest intraday rally since 2008. This comes after the People’s Bank of China unveiled new stimulus measures last week in hopes of recovering its struggling economy. Other trending tickers on Yahoo Finance include Apple (AAPL), Carnival (CCL), and Tilray Brands (TLRY).
Key guests include:
3:00 pm ET – Sandy Villere, Villere & Co Portfolio Manager
3:30 p.m. ET – Isaac Stone Fish, Strategy Risks Founder and CEO
4:00 p.m. ET – Lori Calvasina, RBC Capital Markets Head of U.S. Equity Strategy
4:30 p.m. ET – Josh Weinstein, Carnival Corporation & plc CEO, President & Chief Climate Officer