McDonald's Earnings, Tariff Update, Musk Pay Vote: What to Watch This Week -- WSJ

Dow Jones
2025/11/03

By WSJ Staff

Following President Trump's return from Asia, eyes are on whether an end to the government shutdown is in sight. Meanwhile, investors will dig into earnings from McDonald's, Palantir and a host of other companies. On Thursday, Tesla is due to publish the outcome of its shareholder vote on CEO Elon Musk's pay package. Here's what to watch:

Today

-- Earnings: Palantir (read more), Vertex Pharmaceuticals

-- Economic data: Manufacturing purchasing managers indexes from the Institute of Supply Management and S&P Global

-- Federal Reserve speaker: Fed governor Lisa Cook is slated to speak on the economic outlook. The Supreme Court in October allowed Cook to keep her job and scheduled arguments in January to weigh President Trump's bid to fire her.

-- Treasury Department: Quarterly refunding plan due

Tomorrow

-- Earnings: AMD, Amgen, Apollo Global Management, Marriott International, Pfizer (read more), Shopify, Uber

-- Elections: Gubernatorial contests in New Jersey and Virginia, New York's mayoral election and California's redistricting vote

-- Fed speaker: Vice Chair for Supervision Michelle Bowman speaks on bank supervision and monetary policy

Wednesday, Nov. 5

-- Tariff update: The Supreme Court is due to hear arguments on the Trump administration's sweeping global tariffs. The levies have been dealt defeats in lower courts, but remain in place until the case is decided.

-- Earnings: AppLovin, ARM, DoorDash, McDonald's, Marriott Vacations Worldwide, Novo Nordisk, Qualcomm, Robinhood, Toyota

-- Economic data: ADP private employment report and services PMIs from ISM and S&P Global

Thursday, Nov. 6

-- Earnings: Airbnb, AstraZeneca, ConocoPhillips, DuPont, Kenvue, Warner Bros. Discovery

-- Fed speakers: Fed governor Christopher Waller speaks on payments. New York Fed President John Williams and St. Louis Fed President Alberto Musalem are also due to speak.

-- Musk pay vote: Tesla is due to publish the outcome of a shareholder vote on a pay package for Musk that could be worth as much as $1 trillion.

-- Overseas central bank: The Bank of England is generally expected to hold interest rates steady. Some analysts project a 0.25 percentage point cut.

Friday, Nov. 7

-- Earnings: Constellation Energy, Duke Energy, KKR

-- Economic data: Preliminary consumer sentiment for November from the University of Michigan

-- Fed speakers: Vice Chair Philip Jefferson speaks on AI and the economy. Fed governor Stephen Miran speaks on stablecoins and monetary policy.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

November 03, 2025 03:38 ET (08:38 GMT)

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