00:02 Speaker A
Time now for what to watch Thursday, November 5th.
00:05 Speaker A
Starting off on the earnings front, Conoco Phillips reporting third quarter results.
00:09 Speaker A
Analysts expecting production to rise modestly despite lower oil prices weighing on profits.
00:15 Speaker A
Investors will also be looking for updates on potential asset sales in Norway and the UK, along with the company’s plans to return 45% of operating cash flow to shareholders.
00:27 Speaker A
Turning to the labor market, we’re getting fresh weekly initial jobless claims.
00:30 Speaker A
Economists are forecasting 196,000 Americans to have filed for unemployment benefits up slightly from the week prior.
00:36 Speaker A
Moving over to housing, Freddie Mac releasing its latest weekly mortgage rate data.
00:40 Speaker A
The 30-year fixed mortgage rate currently sitting at 7.24% with investors watching for any sign of relief for home buyers facing affordability pressures.
00:50 Speaker A
And finally, tune in Friday, November 6th for a new episode of Yahoo Finance’s built different with Ian Schwartzman.
00:56 Speaker A
Ian is sitting down with the Joe Budden podcast host Joe Budden.
01:00 Speaker A
You won’t want to miss that.
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
