Looking ahead to what could move markets next week, Cheddar News discusses what earnings to expect and explains why a Southwest Airlines executive will testify about its recent flight cancellations.
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Cheddar Afternoon News Briefings of November 9th
Cheddar Morning News Briefings
Afternoon Alexa Flash Briefings of November 9th
Alexa Flash Briefings
U.S. Economy Adds 531,000 Jobs in October, Beating Expectations
The U.S. economy added 531,000 jobs in the month of October, painting a better picture of the economy that analysts had expected. Jared Bernstein, Council of Economic Advisers Member for President Biden joined Cheddar's Opening Bell to discuss.
Facebook to Shut Down Facial Recognition Technology
Facebook officially announced that it is shutting down its facial recognition software which identifies users in photos and videos. The decision comes during growing societal concerns over the use of the technology. Cathy Hackl, Tech futurist and CEO of the Futures Intelligence Group joined Cheddar's Opening Bell.
AMC's Stock Soars as October Was the Best Month for Movie Chain
Christine Short, VP of Research at Wall Street Horizon, discusses revenue growth of the theater chain given the uptick in ticket sales and what to expect ahead of the company's Q3 earnings.
AMC To Report Earnings After The Bell
AMC entertainment has third quarter earnings after the bell November 8. The movie theater chain is expected to post a quarterly loss of $0.53 per share, with revenue at just over $717 million. This quarter last year, AMC lost $5.70 per share, after reporting revenue of $119 million. Claire Atkinson, chief media correspondent at Insider, tells Cheddar what to expect from AMC earnings and what it says about the movie theater industry's recovery from the pandemic.
Markets Open Higher as October Jobs Report Paints Brighter Picture of the Economy
Markets opened higher to kick off the week as investors continue to digest the better-than-expected jobs report, which showed 531,000 new jobs created in October. Ken Johnson, CFA, Investment Strategy Analyst joined Cheddar's Opening Bell to break down his early market insights.
Intuit Launches Climate Action Marketplace to Help Small Businesses With Green Initiatives
Sean Kinghorn, Global Sustainability Leader at Intuit, talks about the new marketplace and the importance of the private sector spearheading world climate initiatives.
Zillow Announces It Will Stop Buying and Renovating Homes
Josh Stech, Co-Founder & CEO of Sundae, discusses why Zillow would have difficulty being profitable in the home-flipping business and discusses how demand is changing within the housing market.
