UAW strike, Nike and Costco earnings, FOX Business’ Republican debate top week ahead

Potomac Wealth Advisors President and founder Mark Avallone argues the stock market will rally despite disappointing Fed news on ‘Varney & Co.’

Investors are gearing up for a busy week with the United Auto Workers (UAW) strike against Detroit’s Big Three ongoing and a host of earnings, as well as FOX Business’ Republican presidential primary dentate.

Stocks fell Friday with all three of the U.S. benchmark averages sliding for the week.

Ticker	Security	Last	Change	Change %
I:DJI	DOW JONES AVERAGES	33892.97	-70.87	-0.21%
SP500	S&P 500	4318.23	-1.83	-0.04%
I:COMP	NASDAQ COMPOSITE INDEX	13212.424715	+0.62	+0.00%

The tech-heavy Nasdaq Composite paced the declines falling over 3%.

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Monday, Sept. 25

UAW strike

The United Auto Workers strike against GM, Stellantis and Ford will enter its 10th day Sunday. As of Friday, UAW President Shawn Fain said progress was being made with Ford but not so for GM and Stellantis.

President Biden is expected to visit the picket line in Michigan Tuesday.

Ticker	Security	Last	Change	Change %
F	FORD MOTOR CO.	12.43	+0.23	+1.89%
GM	GENERAL MOTORS CO.	32.58	-0.13	-0.40%
STLA	STELLANTIS NV	19.35	+0.02	+0.10%

United Auto Workers rally at the Stellantis North America headquarters Sept. 20, 2023, in Auburn Hills, Mich. (Bill Pugliano/Getty Images / Getty Images)

Welcome to the Nasdaq

Blue Apron will leave the New York Stock Exchange and begin trading under the same ticker symbol “APRN” on the Nasdaq Global Market.

Ticker	Security	Last	Change	Change %
APRN	BLUE APRON HOLDINGS	6.10	-0.04	-0.65%

Meanwhile, U.K. antitrust regulators are expected to make a preliminary decision on Microsoft buying Activision. On Friday, regulators disclosed they were satisfied with the moves the companies have made to ease anticompetitive concerns.

Copies of “Call of Duty: Ghosts” are displayed during a launch event for the highly anticipated video game at a GameStop store Nov. 4, 2013, in North Las Vegas. (Ethan Miller/Getty Images / Getty Images)

If the deal wins full approval, it will give Microsoft a suite of lucrative video game titles, including Activision’s “Call of Duty.”

Ticker	Security	Last	Change	Change %
MSFT	MICROSOFT CORP.	316.34	-0.67	-0.21%
ATVI	ACTIVISION BLIZZARD INC.	93.92	+1.57	+1.70%

Tuesday, Sept. 26

Home retail, home sales

Costco will report earnings Tuesday after the close of trading. Along with financials, the warehouse retailer will give fresh insight on inflation, especially with food.

Ticker	Security	Last	Change	Change %
COST	COSTCO WHOLESALE CORP.	558.59	+3.51	+0.63%

Taylor Morrison CEO Sheryl Palmer discusses headwinds in the housing market after a drop in August existing home sales on ‘The Claman Countdown.’

Meanwhile, data released Thursday by the National Association of Realtors showed U.S. existing home sales continued to slide in August as a combination of steep mortgage rates hovering above 7% and a worsening supply shortage squeezed would-be homebuyers.

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Wednesday, Sept. 27

Republican debate

The second Republican primary debate will be held at the Reagan Presidential Library in Simi Valley, California. FOX Business will host the debate, which will air from 9-11 p.m. ET.

FOX BUSINESS NETWORK’S GOP DEBATE: SIGN UP HERE

Republican presidential candidates, from left, Asa Hutchinson, Chris Christie, former Vice President Mike Pence, Ron DeSantis, Vivek Ramaswamy, Nikki Haley, Sen. Tim Scott and Doug Burgum during the Republican primary presidential debate hosted by Fo (Al Drago/Bloomberg / Getty Images)

Also on Wednesday, Micron Technology and H.B. Fuller will report earnings, while economic data will include mortgage applications, durable goods and EIA weekly crude stocks.

Ticker	Security	Last	Change	Change %
MU	MICRON TECHNOLOGY INC.	68.88	+0.98	+1.44%
FUL	H.B. FULLER CO.	66.61	+0.08	+0.12%

Thursday, Sept. 28

Nike earnings, Senate hearing on Biden impeachment

Nike, CarMax and BlackBerry will release their latest earnings. Last month, Nike stock fell for 10 consecutive days to lose over 11%. Shares for the athletic retailer have fallen over 22% this year.

Meanwhile, House Republicans, led by House Speaker Kevin McCarthy, will hold the first hearing on President Joe Biden’s impeachment inquiry.

U.S. Speaker of the House Kevin McCarthy, R-Calif., speaks to members of the media at the U.S. Capitol May 24, 2023, in Washington, D.C. (Kevin Dietsch/Getty Images / Getty Images)

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