In This Article:
Julie Hyman and Josh Lipton preview the biggest market stories and earnings updates scheduled for Friday, May 9, including commentary from a slew of Federal Reserve governors and presidents, quarterly results from energy infrastructure company Enbridge (ENB), and the latest out of Lockheed Martin's (LMT) annual shareholders meeting.
To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.
Now time for what to watch Friday, May 9th, sponsored by Tastytrade, starting off on the Federal Reserve. The Fed releasing the cavalry tomorrow with 10 officials set to speak. This is coming after yesterday's uh, FOMC interest rate decision. The Fed holding rates steady for now. In a post decision press conference, Fed chair, Jay Powell, did say that the risk of higher unemployment and inflation have risen.
Powell also pushing back about political pressure from the White House, telling reporters that quote, I've never asked for a meeting with any president and I never will. Moving over to earnings, we'll get some insight from the Energy Infrastructure sector tomorrow. Enbridge announcing results for the first quarter in the morning. Analysts expect the company's profits to grow in the low double digits driven by the acquisition of US gas utilities from Dominion Energy and higher pipeline tolls.
And finally, Lockheed Martin hosting its annual shareholder meeting in the morning. Shareholders for the defense contractor will be voting on proposals and discussing the company's current performance and future amid a rapidly changing economic landscape.
