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Debt ceiling meeting, Disney earnings, and CPI report: Week ahead May 8, 2023

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The week of May 8th, 2023 is shaping up to be a big one for investors as several important events are set to take place. First up, with the June 1st debt ceiling deadline quickly approaching, President Biden is scheduled to meet with Congressional leaders on Tuesday, May 9th, to resume negotiations. This will be a crucial meeting as it will determine the country's borrowing capacity and could have significant implications for the economy. Another major focus of the week - earnings. Several high-profile companies are expected to release their quarterly earnings - including Airbnb (ABNB), Rivian (RIVN), Krispy Kreme (DNUT), and Beyond Meat (BYND) - and one that investors will have their eyes on following recent layoffs - Disney (DIS). Yahoo Finance’s Diane Hall King breaks down what investors should know in the week ahead.
Key video moments:
00:00:11 - Debt Ceiling meeting
00:00:22 - Latest round of earnings
00:00:42 - April’s CPI report & consumer sentiment

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