reported in Q1 affected DIS. Some analysts are also wondering if DIS might start to consider bringing back its dividend, one of the victims of Covid-19. We’ll publish a full preview of DIS earnings later today.
Besides earnings and inflation, data to watch today and tomorrow include weekly U.S. crude stockpiles later this morning and weekly initial jobless claims tomorrow morning. Yesterday’s Job Openings and Labor Turnover Survey report showed job openings climbing to 8.123 million in March from a revised 7.526 million in February. These are very big numbers that likely indicate a growing economy—or an economy that would like to grow faster than the supply of labor is currently allowing.
It’s important to never look at one data point in isolation or try to detect a trend from any one month. Also, remember about correlation not being causation. Having said that, we’re hearing from a couple of big chain restaurants this week, including Wendy’s and Jack in the BoxPaying Up for Paper Towels, but How About for Crispy Chicken?