US Retail Sales Ex Autos MoM (Dec) M/M 0% vs. Exp. 0.3% (Prev. 0.5%, Low. 0.0%, High. 0.5%)
The December retail sales figures show a flat 0% month-over-month change, falling short of the expected 0.3% increase.
Marriott (MAR) exec. says higher-end consumers remain resilient and continue to prioritise spending on experience and travel over goods
Bank of America (BAC) CEO feels good about markets and IB
US Retail Sales Ex Autos MoM (Dec) M/M 0% vs. Exp. 0.3% (Prev. 0.5%, Low. 0.0%, High. 0.5%)
Spotify (SPOT) CFO says that the Co. does not give FY forecast for gross margin and operating margin, but they do expect both to improve
Around nine borrowers are considering US investment-grade bond sales Tuesday, according to Bloomberg citing an informal survey of underwriters
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This underperformance may raise concerns about consumer spending momentum, which could influence expectations for monetary policy as weaker sales could imply less urgency for rate hikes going forward.
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