U.S. stock futures were slightly lower Thursday morning as investors watched several major earnings reports and company updates.
Walmart $WMT is set to report before the opening bell. Wall Street expects earnings of 66 cents per share on revenue of $174.74 billion, according to Benzinga Pro.
Nvidia $NVDA is also in focus after reporting better-than-expected first-quarter results and issuing strong second-quarter revenue guidance.
The AI chip leader posted revenue of $81.62 billion, up 85% year over year and ahead of estimates of $78.8 billion. Earnings came in at $1.87 per share, topping expectations of $1.76.
Despite the beat, Nvidia shares slipped 1.3% in after-hours trading.
Deere $DE is expected to report before the open, with analysts looking for earnings of $5.70 per share on revenue of $11.53 billion.
Intuit $INTU fell sharply after posting upbeat fiscal third-quarter results but announcing plans to cut 17% of its workforce to simplify its structure. The company also guided for fourth-quarter adjusted earnings above estimates.
Intuit shares dropped 13.4% after hours.
Williams-Sonoma $WSM is also set to report before the opening bell. Analysts expect earnings of $1.81 per share on revenue of $1.79 billion.
Williams-Sonoma shares rose 0.4% after hours to $181.
Elon Musk is warning that America’s debt problem is getting dangerous, comparing the federal government to a person who overspends and eventually risks bankruptcy.
In a Fox News interview, the Tesla $TSLA and SpaceX CEO said he is worried about the U.S. going bankrupt because of “corruption and waste.” Musk said that if the country does not act, “the ship of America is going to sink,” and everyone is on that ship.
The warning comes as the federal deficit remains massive. Fiscal year 2025 ended with a deficit of roughly $1.8 trillion, according to Congressional Budget Office estimates.
The outlook for 2026 is not much better. Fiscal watchdogs project the deficit could land around $1.9 trillion, with some estimates above $2 trillion.
Interest costs are becoming an even bigger issue. Annual interest payments on the national debt are now projected to top $1 trillion, meaning more taxpayer dollars are going toward servicing past borrowing instead of current programs or infrastructure.
Musk argued that the debt problem affects more than Washington. He warned that companies and households could also feel the consequences if America’s financial position weakens.
His broader point was simple: countries eventually face the same math as households. If spending keeps outpacing income and debt costs keep rising, the pressure only gets harder to ignore.
🚨#BREAKING: Officials say two people have died and 19 others were transported to hospitals following a deadly chemical spill incident in the town of Institute West Virginia. Authorities report that a chemical reaction at Catalyst Refiners led to the release of hydrogen sulfide, a highly toxic gas which was the cause
"We want to have honest voting in our country because if you don't have honest voting, you can't have really a nation."
President Donald J. Trump signs an executive order combating several election integrity issues, including inaccurate voter rolls and vote-by-mail fraud. 🇺🇸
We are asking for the public's help identifying this person of interest in connection with the fatal shooting of Charlie Kirk at Utah Valley University.
1-800-CALL-FBI
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