00:05 Speaker A

Time now for what to watch Tuesday, May 12th. Starting off on the macro side, we’re getting some key inflation data with April’s Consumer Price Index or CPI.

00:11 Speaker A

Economist forecasting headline CPI to cool off in April to 0.6% while core CPI, which strips out food and energy, ticks up slightly on a month-over month basis.

00:20 Speaker A

And on the earnings front, On Holding announcing first quarter results on Tuesday. Analysts expecting strong underlying demand but foreign exchange headwinds are expected to also weigh on results.

00:30 Speaker A

Under Armour also reporting quarterly results. Analysts expect another sales decline as the company continues navigating its turnaround efforts. Investors will be listening closely for commentary on North American demand,

00:41 Speaker A

tariff pressures, and whether newer products are helping stabilize the brand.

00:45 Speaker A

Taking a look at the Federal Reserve, we’ll also be getting fresh commentary from a couple of Fed presidents on Tuesday as markets continue searching for clues on the path for interest rates.

00:54 Speaker A

This comes as the Senate prepares to vote on Kevin Warsh for Fed chair and Jerome Powell’s finishes his term on May 15th.