00:00
Speaker A
Time now for what's to watch on Thursday, October 27th. It is another busy day of earnings, believe it or not. We're going to start with Proctor and Gamble, the consumer goods giant reporting quarterly earnings. Analysts expecting organic sales to rise up to 2% with beauty and home care leading the way.
00:15
Speaker A
But higher supply chain costs, well, they're expected to weigh on profits. The company has warned those costs could take a billion dollar bite out of its profits this fiscal year.
00:27
Speaker A
Next up, Spotify, the streaming app reporting third quarter results. Analysts expecting the music streaming giant to deliver steady growth with its outlook calling for 5 million new premium subscribers and 11 million additional monthly active users. We have to watch out for that one.
00:46
Speaker A
Turning now to Comcast where competition in the broadband business remains a major challenge. Pricing from fiber and wireless rivals is putting pressure on customers and revenue. Analysts anticipating broadband subscriber losses to approach 167,000, similar to last quarter.
01:06
Speaker A
And finally, we'll get a bit of a pulse on the labor force with weekly initial jobless claims. Economists forecasting claims to tick up slightly to 200,000, giving us more insight into the health of the job market, especially ahead of that key Fed meeting.
