Tomorrow's Earnings/Economic Releases of Note; Market Movers

Earnings of Note 
Company/Estimate 

Before the Open:

• (GIS)/1.06
  

After the Close: 

• (SCS)/.37
  

Economic Releases

8:30 am EST

• Housing Starts for Aug. is estimated to rise to 1318K versus 1238K in July.
• Building Permits for Aug. is estimated to rise to 1412K versus 1406K in July.
  

10:30 am EST

• Bloomberg consensus estimates call for a weekly crude oil inventory decline of -213,570 barrels versus an +833,000 barrel gain the prior week. Gasoline supplies are estimated to rise by +1,1140,430 barrels versus a +2,310,000 barrel gain the prior week. Distillate inventories are estimated to rise by +994,140 Barrels versus a +2,308,000 barrel gain the prior week. Finally, Refinery Utilization is estimated to fall by -1.26% versus a -.5% decline prior.
  

2:00 pm EST

• The FOMC is expected to cut the benchmark Fed Funds rate -25.0 basis points to 5.0-5.25%.
  

4:00 pm EST

• Net Long-Term TIC Flows for July.

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The FOMC press conference, weekly MBA Mortgage Applications report, Wells Fargo Consumer Conference, BofA Healthcare Conference, (TTWO) annual meeting, (AVY) investor day, (HUBS) analyst day, (TRUP) investor day and the KeyBanc Energy Transition Symposium could also impact global trading tomorrow.

US Equity Market Hours

• 9:30 am - 4:00 pm EST