Tesla shareholder vote, May PPI: What to watch Thursday
Yahoo Finance's Josh Lipton breaks down what to watch on Thursday, June 13.
All eyes will be on the results of the Tesla (TSLA) shareholder vote, which will decide the fate of CEO Elon Musk's $46 billion compensation package and the company's incorporation. Yahoo Finance will have live coverage of the results starting at 4:30 p.m. ET.
May's Producer Price Index (PPI) will be released in the morning, providing another key piece of economic data as Wall Street awaits an interest rate cut by the end of the year.
Adobe (ADBE), RH (RH), and Signet Jewelers (SIG) are all expected to report earnings.
For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend.
This post was written by Melanie Riehl
Video transcript
Time now for to watch Thursday, June 13th.
All eyes will be on results of the Tesla shareholder vote tomorrow to focal points, Ceo Elon Musk, $56 billion pay package and the decision to move the company's incorporation from Delaware to Texas Calpers.
By the way, announcing today, it will vote against that pay package.
It owns more than 9 million shares.
Yahoo finance will have live coverage of the results.
Tomorrow's starting at 4:30 p.m. Eastern and moving closer to the economy.
The latest producer price index for May is coming out in the morning.
Economy is forecasting both overall PP I and core PP to cool compared to April the new print, giving us another key piece of economic data.
And coming after the fed just left rates unchanged earlier today fed chair Dr Powell reiterating that the fed needs to see more good data to reinforce confidence in inflation.
And finally, we're gonna get some earnings tomorrow including Adobe Rh and Cigna Jewelers.
Adobe reporting second quarter results coming after the bell and is expecting the company not to raise its full year sales outlook.