Time now for what to watch. Tesla is reporting quarterly deliveries. analysts expect the expiring EV tax credit in the US to provide a boost to deliveries for the electric vehicle maker.
00:15 Speaker A
It’s coming as Ford posted a seventh consecutive month of sales gains and saw a 30% rise in EV sales for the third quarter. General Motors also reporting another EV sales record.
00:25 Speaker A
Turning to the Fed, Dallas Federal Reserve Bank President Logan to speak in Austin, Texas. Logan to make remarks at the UT Evolving Energy and Policy landscape conference. Her commentary is expected to provide insights into the Fed’s economic outlook and monetary policy.
00:40 Speaker A
On the housing front, Freddie Mac is set to release its weekly report on US mortgage rates. This comes as mortgage rates inched up last week, following several weeks of declines.
00:49 Speaker A
The housing market recently seeing US home contract signings surge in August, while the pending home sales index rose by 4% in the month.
00:57 Speaker A
And lastly, the weekly initial jobless claims report will not be released as the US finds itself in a government shutdown. Economic data from the US Labor Department will be halted.