Delta Air

US2473617023

DAL

DAL

What we can expect from tomorrow:

Month

• Consumer credit data (May)

Tuesday

• NFIB Small Business Optimism Index (June)
• Fed Chairman Jerome Powell addresses the Senate
• Fed Vice Chairman Michael S. Barr and Fed Governor Michelle Bowman give speeches
• Helen of Troy ($HELE (+0,47%)) reports quarterly figures

Wednesday

• Wholesale stocks (May)
• Fed Chairman Jerome Powell speaks to the House of Representatives
• WD-40 ($WDFC (-0,85%)) reports quarterly figures

Thursday

• Initial jobless claims (week ending June 29)
• Consumer Price Index (CPI) (June)
• US Treasury Statement (June)
• Atlanta Fed President Raphael Bostic delivers a speech
• PepsiCo ($PEP (-0,84%) ), Conagra ($CAG ) and Delta
  Air Lines ($DAL (-0,19%) ) report Quarterly figures

Friday

• Producer Price Index (PPI) (June)
• Consumer Confidence - preliminary (July)
• JPMorgan Chase ($JPM (+0,94%)), Wells Fargo ($WFC (+2,23%)), Citigroup ($C (+4,51%)), Bank of New York Mellon ($n/a), Fastenal Co. ($FAST (+0,9%)) and Ericsson ($ERIC (+0,75%)) report Quarterly figures

The market overview for 🇺🇸 & 🇪🇺:

US MARKET🇺🇸

Monday

• PACS Group ($PACS) and UL Solutions ($ULS) have potential IPOs.
• Neel KashkariPresident of the Minneapolis Fed, delivers remarks.

Tuesday

• Release of the NFIB Small Business Optimism Index (March).
• Quarterly reports from WD-40 ($WDFC (-0,85%) ) and Tilray Brands ($TLRY (-0,62%) ).

Wednesday

• Publication of the consumer price index (March).
• Publication of the wholesale stocks (March).
• Publication of the minutes of the March meeting of the Federal Open Market Committee (FOMC).
• Publication of the monthly federal budget of the USA (March).
• Speeches by Austan GoolsbeePresident of the Chicago Fed.
• Quarterly reports from Delta Air Lines ($DAL (-0,19%) ) and Applied Digital ($APLD ).

Thursday

• Publication of the initial applications for unemployment benefits (April 5).
• Publication of the producer price index (March).
• Speeches by John C. Williams, President of the New York Fed, and Raphael BosticPresident of the Atlanta Fed.
• Quarterly reports from Constellation Brands ($STZ (-1,59%) ), Fastenal ($FAST (+0,9%) ) and CarMax ($KMX (-0,17%) ).

Friday

• Publication of the preliminary Michigan Consumer Sentiment Index (April).
• Speeches by Raphael Bostic, President of the Atlanta Fed, and Mary C. DalyPresident of the San Francisco Fed.
• Quarterly reports from JPMorgan Chase ($JPM (+0,94%) ), Wells Fargo ($WFC (+2,23%) ), BlackRock ($BLK (+0,66%) ), Citigroup ($C (+4,51%) ), State Street ($STT (+2,07%) ) and Progressive ($PGR (-1,31%) ).

EUROPEAN MARKET🇪🇺

Monday

• Publication of Industrial Production Index🇪🇺

Tuesday

• ZEW Economic Sentiment🇩🇪 will be published
• Quarterly reports from Ericsson ($ERIC A (+0,76%) )🇸🇪, Beiersdorf AG ($BEI (+3,44%) )🇩🇪, Sika ($SIKA (+2%) )🇨🇭, Rio Tinto PLC ($RIO (+2,9%) )🇬🇧

Wednesday

• Release of CPI data🇪🇺
• Quarterly reports from Hays ($HAS (+3,59%) )🇬🇧, Petershill Partners ($PHLL )🇬🇧, Just Eat Takeaway ($TKWY (+1,98%) )🇬🇧, Entain ($ENT (+1,86%) )🇬🇧, La Francaise ($FDJ (+0%) )🇫🇷, Legal & General ($LGEN (+0,11%) ), Tryg ($TRYG (-0,61%) )🇩🇰, BHP Group Ltd ($BHP (+3,03%) )🇬🇧, ASML Holding ($ASML (+4,37%) )🇳🇱Volvo B ($VOLV B (+1,09%) )🇸🇪, Severstal ($CHMF )🇷🇺

thursday

• Publication of Construction Output🇪🇺
• Quarterly reports from Danone ($BN (-0,53%) )🇫🇷, Nokia Oyj ($NOKIA (+0,64%) )🇫🇮, Tele2 AB ($TEL2 B (-0,27%) )🇸🇪

Hertz ($HTZGQ* ) announced that Gil
West as of April 1 as the new CEO from April 1. West was previously Chief Operating Officer at Delta Airlines ($DAL (-0,19%) ) and at GM's ($GM (-0,54%) ) Cruise unit, Stephen Stephen Scherr who has decided to step down as CEO and member of the Board of Directors.

The reason for the change is due to the high

higher repair costs and weak demand for electric vehicles, which are difficult to rent out. Hertz announced that it will rent out approx. 20000 electric vehiclesincluding Teslas ($TSLA (+6,49%) ), from its US fleet and instead switch to gasoline-powered vehicles instead.

Delta ($DAL (-0,19%) ) recently announced that deliveries of its Boeing ($BA (-0,65%) ) 737 Max 10 aircraft may be delayed until 2027 could be delayed. Originally Delta orders for 100
Max 10 aircraft and the possibility of 30 more. The airline had expected that it would be able to start receiving the aircraft next year.

CEO Ed Bastian commented on the delay, explaining that Delta was already prepared for the aircraft to be delivered in 2025 with delivery expected towards the end of the year. Bastian however, stated that he now expects the delivery to be delayed by one or two years. two further years.