Seeking Alpha’s roundup of statements, announcements, and remarks that could impact markets, sectors, or individual stocks.
- President Trump said he’ll announce his nominee for chair of the Federal Reserve in early 2026.
“We’ll be announcing somebody, probably early next year, for the new chairman of the Fed,” Trump told reporters at the White House on Tuesday, according to Bloomberg.
Fed Chair Jerome Powell’s term is slated to end in May 2026. Bloomberg previously reported that Trump is expected to announce National Economic Council Director Kevin Hassett as his choice to succeed Powell.
- Boeing (BA) CFO Jay Malave said the company is anticipating positive free cash flow and improved margins in 2026 amid increased deliveries of its 737 and 787 jets.
“What we expect anyway is in the low single digits in terms of positive free cash flow, which I think is pretty substantial growth year over year,” Malave said at a UBS conference on Tuesday, according to Reuters.
Malave added that the company also expects its 737-10 aircraft to be certified later this year and hit its annual $10 billion free cash flow target.
- Procter & Gamble (PG) CFO Andre Schulten warned that the company’s U.S. sales slid in October and probably November.
Schulten told listeners at a Morgan Stanley conference that sales declined “both in volume and in value significantly in October,” adding, “I don’t expect November to be materially different,” according to Bloomberg.
The CFO said that while P&G had anticipated consumers would be more cautious going into the fourth quarter and increased competition from rivals, it wasn’t prepared for a government shutdown that would impact SNAP benefits.
“The context in the U.S. is more volatile…probably the most volatile we’ve seen in a long time,” Schulten added.