00:03 Speaker A
Time now for what to watch Wednesday, September 3rd. Starting off on the earnings front, we’re going to be hearing from some big names on Wednesday including Dollar Tree, Salesforce, and Hewlett Packard Enterprise.
00:15 Speaker A
Salesforce announced results for the second quarter after the market’s close. Analysts anticipating the company’s growth to be steady and expecting it to grow about 10% in the quarter, slightly better than Wall Street’s forecast of 8.8%.
00:26 Speaker A
IT spending is still sluggish overall, but rivals like workday aren’t seeing a big drop in new orders, which suggests Salesforce won’t either.
00:34 Speaker A
Moving over to the labor force, the job openings and labor turnover survey for July is coming out on Wednesday. Economist forecasting a drop in job openings in July down to 7.37 million, signaling a slight cooling in the job market.
00:47 Speaker A
And taking a look at the Federal Reserve, we’re going to be getting some commentary from a couple of Fed presidents on Wednesday. This coming ahead of a critical piece of economic data on deck for the Fed with the August jobs report on Friday.
