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Wednesday, 3 March 2021

CNBC Business Report 02/22/2021

Credit: WMGT
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CNBC Business Report 02/22/2021
CNBC Business Report 02/22/2021
Dominic Chu reports on business news

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An update on the economy an update on an update on the economy another wave of earnings and the chicken sandwich competition intensifies - all in the week ahead.

Fed chairman jerome powell gives congress his semi-annual update on the economy.

He'll testify virtually in front of the senate banking committee on tuesday and then the house financial services committee on wednesday.

The nation's legislators will look to hear how the u.s. economy is positioned for a post-pandemic recovery.

A slew of earnings reports ahead.

We'll get updates from major retailers home depot, lowe's, macy's and best buy.

Also on tap airbnb and doordash, which release results for the first time since going public.

And warren buffett's berkshire hathway posts earnings on saturday morning.

The national retail federation issues its retail growth forecast for this year.

The bar is set high after the 6.7 percent rise last year.

How will customers shop once virus cases subside and employment improves?

And how much will retailers be helped if there's another round of stimulus checks?

Look for answers on wednesday.

And the fried chicken sandwich wars heat up.

On wednesday, mcdonald's launches a trio of new crispy chicken sandwiches to compete with chick-fil-a and popeyes.

The craze has been big business for fast food chains.

Mcdonald's hopes to lure customers with lower prices

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