Monday Morning Meeting Notes (05/15/2023)

General Info:

• The April reading of the U.S. consumer price index (CPI) was broadly in-line with economist expectations
• CPI rose 0.4% month-over-month, and the year-over-year figure slowed from 5.0% to 4.9%
• Core CPI, which excludes volatile food and energy costs, rose 0.4% month-over-month, and the year-over-year figure slowed from 5.6% to 5.5%
• Fun Fact: Australia is wider than the moon. The moon is 3,475 kilometers in diameter, while Australia’s diameter from east to west is nearly 4,000 kilometers

Monday 05/15:

• National Chocolate Chip Day
• In 1937, Ruth Graves Wakefield added cut-up chunks of a semi-sweet Nestle chocolate bar to her cookie recipe at the Toll House Inn
• In 1939, she signed an agreement with Nestle to add her recipe to the chocolate bar’s packaging in exchange for a lifetime supply of chocolate
• In 1941, Nestle and its competitors started selling chocolate chips
• The Nestle brand Toll House cookies were named for the Inn
• U.S. cross-border investment
• Eurozone industrial production
• The European Commission releases its spring economic forecasts

Tuesday 05/16:

• Home Depot, Vodafone, Baidu, and Sea Ltd report earnings
• U.S. retail sales, industrial production, and business inventories
• U.K. unemployment data
• Eurozone GDP data
• China retail sales and industrial production

Wednesday 05/17:

• Target, Siemens AG, Cisco Systems, Copart, and TJX Companies Inc report earnings
• China property prices
• Eurozone CPI data

Thursday 05/18:

• Walmart, Alibaba, Applied Materials, Despegar.com, and Globant SA report earnings
• U.S. Conference Board leading index
• U.S. initial jobless claims and continuing claims data

Friday 05/19:

• Deere & Co. and RBC Bearings report earnings
• Japan CPI data