Market Domination Overtime anchors Julie Hyman and Josh Lipton preview several of the top headlines and stories expected out tomorrow, Wednesday, May 21, including earnings out from major retailers Target (TGT), Lowe's (LOW), and TJX (TJX); commentary from Federal Reserve Governor Michelle Bowman and Richmond Fed President Tom Barkin; and the next vote by US House lawmakers on President Trump's tax plan bill.

To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.

Video Transcript

00:00 Speaker A

Time now for what to watch Wednesday, May 21st. We'll start off on the earnings front. Big box retail in focus tomorrow with TJX, Lowe's, and Target all reporting. Lowe's announced results for the first quarter before the markets opened. Analysts expecting the company to miss sales targets for both the second quarter and the full year, driven by weak housing demand and cautious consumer spending. This is coming after rival Home Depot reported this morning, missing earnings estimates. CFO telling the Wall Street Journal that the company plans to keep prices unchanged despite tariffs.

00:44 Speaker B

Taking a look at the Federal Reserve, we'll be getting some more Fed commentary from Governor Michelle Bowman and Richmond Fed President Tom Barkin. This coming after comments yesterday from Fed President John Williams. He signaled that interest rates are likely to stand hold until at least September.

01:01 Speaker A

And finally, we're going to be watching for any progress on President Trump's tax bill. The House Rules Committee plans to meet shortly after midnight trying to send that bill to the House floor for a vote on Wednesday.  Related Videos

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