Fedspeak, Fubo earnings, housing data: What to Watch
Yahoo Finance Live previews the top stories investors should pay attention to for Friday, March 1, including commentary from various Federal Reserve officials, earnings from fuboTV (FUBO) and Plug Power (PLUG), and data on January's construction spending estimates.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Luke Carberry Mogan.
Video Transcript
- Time now for what to watch Friday, March 1. Starting off with the Fed, we'll have the latest round of Fed commentary throughout the day tomorrow, with six different officials scheduled to speak. The Fed's key inflation measure PCE, coming out today rising 0.4% in January as expected. Cleveland Fed President Loretta Mester telling Yahoo Finance today that three rate cuts this year, quote, "Feels about right."
- And taking a look at on the earnings front, NexGen Energy, Plug Power, Fubo TV, they're reporting earnings tomorrow. Plug Power announcing fourth quarter results before the bell. That stocks had a tough start to the year, it's down about 20% but it did close higher today.
- And moving over to housing, we'll be getting monthly construction spending data from the Census Bureau tomorrow morning. New report giving us some more insight on new housing, and infrastructure projects. Housing market continuing to be tough with mortgage rates going up again to attain near 7%.
