Politics
Trump to Address Congress Amid Economic Concerns and Earnings Reports
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WASHINGTON, D.C. — President Donald Trump is scheduled to deliver his first address to a joint session of Congress since his reelection on Tuesday, March 4, at 8 p.m. EST. This important speech is expected to outline his administration’s agenda and highlight recent economic actions, including new tariffs on products from Canada, Mexico, and China.
Trump’s remarks come amid growing economic concerns. Participants in financial markets are awaiting feedback from Federal Reserve officials before the blackout period preceding the March 18-19 Federal Open Market Committee meeting. Statements from Fed Governor Michelle Bowman and New York Fed President John Williams will be particularly scrutinized.
The labor market has shown signs of weakness, with the February jobs report—set to be released on Friday—drawing significant attention after January’s numbers fell short of expectations. Jobless claims, which rose higher than anticipated last week, add to worries about employment trends, noted economists.
This week also brings a variety of other economic indicators, including PMI survey results for February, updates on factory orders, and consumer credit data, which may provide insights into consumer spending during this uncertain economic climate.
In addition to the jobs report, several corporate earnings results are scheduled for release this week. Companies such as Broadcom, Costco, and Target are set to announce their quarterly earnings, with analysts particularly focused on their performance in the wake of industry shifts.
Broadcom’s earnings are expected to be closely watched, especially in the context of Nvidia‘s recent performance, which raised questions about growth prospects amidst increasing economic uncertainty. Nevertheless, many analysts see potential in Broadcom as demand for technology continues to rise.
Additionally, retailers like Ross Stores and Best Buy will report their quarterly results, while Kroger prepares to unveil earnings following its recent merger with Albertsons. This will be the first earnings report since the merger was finalized.
As the week unfolds, the focus remains on how economic conditions will influence Federal Reserve policy decisions and corporate performance across sectors.