{"id":1555,"date":"2021-07-14T11:22:07","date_gmt":"2021-07-14T14:22:07","guid":{"rendered":"https:\/\/wintrademarkets.com\/news\/?p=1555"},"modified":"2021-07-14T11:22:11","modified_gmt":"2021-07-14T14:22:11","slug":"powell-testimony-3-5-trillion-stimulus-and-bank-earnings-continue","status":"publish","type":"post","link":"https:\/\/wintrademarkets.com\/new\/2021\/07\/14\/powell-testimony-3-5-trillion-stimulus-and-bank-earnings-continue\/","title":{"rendered":"Powell testimony, $3.5 trillion stimulus and bank earnings continue."},"content":{"rendered":"\n

Wyllian Capucci
14\/07\/2021<\/em><\/p>\n\n\n\n

Expenses, inflation<\/strong><\/p>\n\n\n\n

Federal Reserve Chairman Jerome Powell begins his biannual testimony toHouse Financial Services Committee this morning, with Democrats on panelseeking their support for another round of government spending.\u00a0republicans mustpoint to the impression of warmer-than-expected inflation yesterday as evidenceof the dangers of new stimuli.\u00a0Powell will have to have answers for both at the sametime that you are aware that a decision about your own future remains at stake.Your testimony goes to the Senate tomorrow, before meeting with the secretary of theTreasury, Janet Yellen, on Friday to discuss the risks of the heated marketUS real estate<\/p>\n\n\n\n

$3.5 trillion<\/strong><\/p>\n\n\n\n

Senate Democrats on the Budget Committee have agreed to a billa $3.5 trillion that would take most of President Joe’s economic agendaBiden without the need for Republican support.\u00a0The president will be on Capitol Hill today fordiscuss the business.\u00a0While there are still challenges to getting the support of all 50Democratic senators, the $6 trillion bill downsizing previouslydiscussed should help alleviate some concerns.\u00a0Powell’s answers toquestions from today’s and tomorrow’s package may also carry some weight<\/p>\n\n\n\n

Earnings<\/strong><\/p>\n\n\n\n

Wall Street’s second-quarter earnings season kicked off with a vengeance yesterday,with Goldman Sachs Group Inc. and JPMorgan Chase & Co. noting an increase intrading revenues.\u00a0Bank of America Corp., Citigroup Inc. and Wells Fargo & Co. reporttoday with analysts looking for an increase in M&A in financial results.BlackRock Inc. also reports before the bell<\/p>\n\n\n\n

Mixed markets<\/strong><\/p>\n\n\n\n

Global stock meters are mostly adrift this morning as theInflation fears continue to haunt markets that remain close to thehistorical maxims.\u00a0Overnight, the MSCI Asia Pacific index fell 0.3%, while theJapan’s Topix index closed 0.2% below.\u00a0In Europe, the Stoxx 600 Index fell 0.2% at6:50 am EDT, with technology companies rising on a report that theApple Inc. is preparing supplies for an increase in production.\u00a0The S&P Futures500 pointed to a small upward movement at the opening, the Treasury yieldof 10 years was at 1.391%, oil fell and gold gained<\/p>\n\n\n\n

Coming<\/strong><\/p>\n\n\n\n

Turkey’s central bank’s latest decision is at 8:00 am, with Canada at 11:00 am.\u00a0the PPIfrom the US for June is at 9:30 am.\u00a0The latest crude oil stocks data are at11:30 am\u00a0Powell testifies in front of the Chamber panel at 1:00 pm.\u00a0The last Beige Book ofFed is at 3:00 pm.\u00a0The decision of Chile’s central bank is at 7pm.\u00a0Delta Air Lines Inc.among non-financial companies that report results<\/p>\n\n\n\n

Source:https:\/\/wintrademarkets.com\/<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Wyllian Capucci14\/07\/2021 Expenses, inflation Federal Reserve Chairman Jerome Powell begins his biannual testimony toHouse Financial Services Committee this morning, with Democrats on panelseeking their support for another round of government spending.\u00a0republicans mustpoint to the impression of warmer-than-expected inflation yesterday as evidenceof the dangers of new stimuli.\u00a0Powell will have to have answers for both at the […]<\/p>\n","protected":false},"author":2,"featured_media":1051,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-1555","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-hft"},"_links":{"self":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1555","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/comments?post=1555"}],"version-history":[{"count":1,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1555\/revisions"}],"predecessor-version":[{"id":1556,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1555\/revisions\/1556"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media\/1051"}],"wp:attachment":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media?parent=1555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/categories?post=1555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/tags?post=1555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}