Boeing CEO testifies, Cannes festival: What to Watch This Week

As the week draws to a close, Asking for a Trend Host Josh Lipton previews the key events to watch for in the week ahead.

On the economic front, retail sales figures will be released for May. Economists are estimating a reading of 0.3%.

Homebuilders will be headlining earnings next week, with names such as Lennar (LEN) and KB Homes (KBH) set to release their quarterly reports.

Boeing (BA) CEO Dave Calhoun will be testifying in front of the Senate on Tuesday, June 18.

Finally, the Cannes Lions International Festival of Creativity will begin next week. Yahoo Finance will have coverage throughout the entire event.

For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend.

This post was written by Angel Smith

Video transcript

Time now for what to watch next week.

Starting off on the economy, us retail sales data for May is coming out on Tuesday.

Economists forecast that number to take up 0.3% is coming after Americans unexpectedly pause their spending in April giving us some more insight on consumers as they continue to battle inflation and moving on earnings home builders in focus as we get reporting from our and KB home announcing second quarter results next week.

Analysts expecting the company's net new home sales to increase by about 18% and take a look at Boeing outgoing Ceo Dave Calhoun is testifying in front of a senate subcomittee on Tuesday.

And finally, Yahoo finance finance will be on the ground at Cannes, bringing you coverage all next week.

We've got some big interviews lined up including conversations with executives at Mattel and Pinterest.