FOX Business’ Dagen McDowell will host ‘The Bottom Line’ with Fox News contributor Sean Duffy weekdays from 6-7 pm EST, beginning in January.
The New Year is organized like the old year. Investors expect that 2023 will be a better year for the market than 2022.
The first week of the year is set to be an exciting week for businessmen. The new federal procurement plan is set to take effect.
The new federal sales tax that was built into the Inflation Reduction Act begins in the New Year. These credit changes currently apply to electric vehicles manufactured in the US.
President Biden signed into law HR 5376, the Inflation Reduction Act of 2022. (Demetrius Freeman/The Washington Post via Getty Images/Getty Images)
The New Year will see many with lower increases in Maine, Massachusetts, Michigan, Ohio, Virginia, and Washington DC; however, the increase in the minimum wage will keep some of the commodity prices we saw in 2022 steady in the economy.
OUR NEW JOB PEOPLE WON’T GET LESS THAN $74K WHILE PAYING PAYMENTS TO NEW RECORD: FED SURVEY
2023 will also see leadership changes at some of the biggest companies, including new CEOs at Adidas, ADP, Cargill, Maersk, Markel, Marriott Vacations, Nikola, Teva Pharmaceutical, Warner Music Group, Colonial Pipeline, Levi Strauss, Tock, and Whole Earth Brands
| Ticker | Safety | Finally | Changes | Change % |
|---|---|---|---|---|
| ADDYY | ADIDAS AG | 67.74 | -0.59 | -0.86% |
| ADP | AUTOMATIC DATA PROCESSING INC. | 238.86 | -1.76 | -0.73% |
| AMKBY | AP MØLLER-MÆRSK A/S | 11.22 | -0.15 | -1.32% |
| MKL | MARKELL | 1,317.49 | -8.71 | -0.66% |
| MAR | MARRIOTT INTERNATIONAL INC. | 148.89 | +0.92 | +0.62% |
| NKLA | NIKOLA CORP. | 2.16 | -0.23 | -9.62% |
| DEVA | TEVA PHARMACEUTICAL INDUSTRIES LTD. | 9.12 | -0.22 | -2.36% |
| WMG | WARNER MUSIC GROUP CORP. | 35.02 | -0.30 | -0.85% |
| LEVI | LEVI STRAUSS & CO. | 15.52 | -0.11 | -0.70% |
| FREE | THE CLOUD WORLD INC | 4.07 | -0.09 | -2.16% |
Egypt will also raise its Suez Canal toll to increase shipping costs on one of the world’s busiest shipping lanes.
This satellite image from Maxar Technologies shows the cargo ship MV Ever Given stuck in the Suez Canal near Suez, Egypt, Saturday, March 27, 2021. Authorities are preparing to make new efforts to release the huge ship stuck in the Sue of Egypt.
Monday, January 2
As a federal holiday in the United States the markets will be closed on Monday. SpaceX plans to start the year in style with a rocket launch.
As it’s a holiday we won’t hear from Congress and the Federal Reserve, nor will there be any earnings or economic data to be released.
Tuesday, January 3
Tuesday will include voting for the next Speaker of the House to replace Nancy Pelosi in a Republican-controlled House.
Investors will also be heard in the Sam Bankman-Fried trial. His first time since being released from prison is under a $250 million bond, the largest in US history.
Sam Bankman-Fried leaves Federal Court in New York City on Thursday, December 22, 2022. The former FTX and Alameda CEO is out on $250M bail. (Charles Guerin/Abaca for Fox News Digital / Fox News)
CES (Consumer Electronics Show) 2023 will begin in Las Vegas and run until January 8 with talks from technology experts to the top of the business mind throughout the week after a major shutdown in the industry and the worst year for Tech in ten years.
There are no earnings reports before or after sales.
Economic data will include car sales and construction spending.
Wednesday, January 4
Volkswagen will increase the price of the ID.4, which is $ 1,500 for models made after today.
| Ticker | Safety | Finally | Changes | Change % |
|---|---|---|---|---|
| VWAPY | VOLKSWAGEN AG ADR | 12.38 | +0.04 | +0.28% |
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There are no earnings reports before or after sales.
Economic data that will keep investors busy will include mortgage applications, ISM manufacturing PMI, and JOLTS employment.
Thursday, January 5
Thursday will include a keynote speech from the CEO of Delta at CES as well as one by the CEO of Stellantis, the name for the Fiat, Chrysler, Jeep, Dodge, Ram consortium.
Ram will also show its 1500 Revolution BEV concept, its first electric truck designed to compete with the Ford F-150 Lightning Electric Pickup Truck and the Rivian R1T.
| Ticker | Safety | Finally | Changes | Change % |
|---|---|---|---|---|
| STLA | STELLANTIS NV | 14.20 | -0.14 | -0.98% |
| F | FORD MOTOR CO. | 11.63 | +0.09 | +0.78% |
| RIVN | RIVIAN AUTOMOTIVE INC. | 18.43 | -0.30 | -1.60% |
The first impressive earnings reports of the year will begin before the market opens and Conagra Brands, Constellation Brands, Helen of Troy, Lamb Weston, Simply Good Foods, and Walgreens Boots Alliance are all competing for investors.
All is quiet on the earnings front after the bell.
| Ticker | Safety | Finally | Changes | Change % |
|---|---|---|---|---|
| CAG | CONAGRA BRANDS INC. | 38.70 | -0.07 | -0.18% |
| STZ | CONSTELLATION BRANDS INC. | 231.75 | -3.05 | -1.30% |
| HELLO | HELEN OF TROY LTD. | 110.91 | -0.60 | -0.54% |
| LW | LAMB WESTON HOLDINGS INC. | 89.36 | +0.42 | +0.47% |
| SMPL | SIMPLY GOOD FOODS CO. | 38.03 | +0.08 | +0.21% |
| WBA | WALGREENS BOOTS ALLIANCE INC. | 37.36 | -0.11 | -0.29% |
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Economic data released on Thursday will include the release of the Challenger, ADP national jobs, initial jobless claims, international trade, and the weekly sales of the EIA.
FILE – This photo provided by Biogen on Monday, June 7, 2021 shows a bottle and packaging for the drug Aduhelm. The controversy over the Food and Drug Administration’s approval of an Alzheimer’s drug was struck again on Thursday, December 29, 2022, as cong. (Biogen via AP, File/AP Newsroom)
Friday, January 6
After giving the priority review, the “action date” of the FDA on the application of Eisai and Biogen for an early Alzheimer’s drug.
There will be no earnings reports on Friday, but investors will be eager for economic data including nonfarm payrolls, the unemployment rate, durable goods, and the ISM to not buying PMI.
