Lowe’s earnings, Fedspeak, DNC in Chicago: What to Watch

Home improvement retailer Lowe’s (LOW) will report second quarter earnings results on Tuesday, August 20, alongside other companies like Toll Brothers (TOL), Coty (COTY), and XPeng Motors (XPEV).

Federal Reserve Bank of Atlanta President Raphael Bostic and Fed Vice Chair for Supervision Michael Barr will release commentary tomorrow ahead of the Fed’s Jackson Hole Economic Symposium that begins on Thursday.

The Democratic National Convention (DNC) in Chicago kicked off today. President Biden will speak tonight when he will pass the torch to Vice President Kamala Harris, who is set to speak Thursday night.

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This post was written by Luke Carberry Mogan.

Video Transcript

Time now for to watch Tuesday, August 20th, we start off on the earliest one.

We’ll be getting fresh batch results tomorrow from the Lows, Medtronic and Toll Brothers among others, Lowe’s announcing its second quarter results in the morning and expecting same store sales to drop for home improvement retailer in the second quarter.

As discretionary spending on diy projects continues to weaken.

We saw that from rival Home Depot last week.

CEO Ted Decker saying in a statement, higher interest rates and greater macroeconomic uncertainty, pressured consumer demand more broadly.

There will also be some Federal Reserve commentary out in the afternoon from Atlanta fed President Rafael Boston and Fed Vice chair for supervision.

Michael Bar Wall Street will listen closely for any comments about monetary policy as we gear up for the Jackson Hole economic symposium that starts on Thursday.

And finally, the Democratic National Convention continues.

After kicking off today, the convention giving Vice President Kamala Harris another opportunity to expand on our economic policy platform.

Harris reportedly proposing today to raise the corporate tax rate to 28 percent