This Week: Disney, GM results, US consumer borrowing
A look at some of the key business events and economic indicators upcoming this week:
SPOTLIGHT ON MICKEY
Walt Disney serves up its latest quarterly report card Tuesday.
Wall Street expects the entertainment giant will report that its fiscal first-quarter earnings and revenue declined from a year earlier. Beyond its October-December results, investors will be keen for an update on the company’s plans to roll out video streaming services and its acquisition of 21st Century Fox’s film and TV assets.
DOWNSHIFTING IN DETROIT
General Motors struggled through much of 2018, largely due to declining sales in the U.S. and China.
In November, the automaker launched a restructuring plan that called for the elimination of five North American factories and 14,000 jobs. Investors will be listening for an update on how the strategy is working on Wednesday, when GM reports its fourth-quarter results.
BUY NOW, PAY LATER
The Federal Reserve issues its monthly tally of U.S. consumer borrowing Thursday.
The tally, which excludes mortgages and other loans secured by real estate, is expected to show consumer borrowing increased by $16 billion in December, below November’s $22.2 billion gain. That lifted total consumer credit to a record $3.98 trillion.
Consumer credit, monthly change, seasonally adjusted, billions of dollars:
Dec. (est.) 16.0