My top 10 things to watch Tuesday, June 11 Wall Street was under some pressure after the S & P 500 and the Nasdaq started the new week with more records. Now that we're past Monday's big events from Apple, Eli Lilly and Nvidia's stock split, we turn to Wednesday . The latest consumer inflation data is out in the morning. The Fed's two-day June meeting ends in the afternoon. Club name Broadcom reports earnings after Wednesday's closing bell .
Bank of America said total credit and debit card spending per household was still growing; up 0.7% year over year in May. But month over month, spending fell 0.9%. Many spending categories were weak in May, including gas, home improvement and clothing. Lodging and airlines were stronger. Club name. The moves come as an accelerated $10 billion share repurchase program announced in November is expected to be completed by the end of this month.
Elon Musk threw a tantrum on OpenAI's ChatGPT on Apple's iPhone. Musk calls the integration an "unacceptable security violation." He said, "Visitors will have to check their Apple devices at the door." The CEO ofMorgan Stanley analysts said they're confident in Google's leadership on generative AI even after the Apple announcements. I say it's just a matter of time before Apple includes.
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