“Woodstock for capitalists”
Berkshire Hathaway's annual meeting will be held in person for the first time since 2019 when it takes place in Omaha, Nebraska. Warren Buffett is coming under increasing criticism: CalPERS, the largest public pension fund in the United States, said it will vote to replace him as chair of the board..
What is the No. 1 priority for corporations releasing their earnings this week?
It will be a hefty day, with one-third of the S&P 500 revealing details about Q1 earnings, including Apple, Amazon, Meta, Microsoft, Twitter, and McDonald's. Expect analysis on how the fighting in Ukraine, inflation, and persistent supply chain difficulties are affecting business.
Keep your eyes peeled for the Q1 GDP number to be released on Thursday, as well as the personal consumer expenditures index (the Fed's preferred inflation measure) on Friday.
- The employees at an Amazon warehouse in Staten Island will begin voting today in a union election. A few weeks ago, the first to join was a fulfillment center on the other side of the street.
- Wednesday evening is Holocaust Remembrance Day (Yom HaShoah).
- Thursday is the NFL Draft. For the second year in a row, the Jacksonville Jaguars have the No. 1 pick.