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Conway Gittens: I’m Conway Gittins, I work at the New York Stock Exchange. Here’s what we’re watching on TheStreet today.
Investors are looking forward to a fresh start as the second half of the trading year begins next week.
All eyes will be on the economy for any clues as to when the Federal Reserve will start cutting interest rates. Investors continue to believe the first rate cut will come in September. The Fed’s true thinking will become clearer when the minutes of its June meeting are released on Wednesday. Markets will be closed on Thursday for Independence Day, and investors will get the all-important monthly jobs report on Friday.
In other news: Some Americans traveling in Europe are still experiencing problems with cellphone connectivity, which began Thursday, according to various media reports.
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Verizon, AT&T, and T-Mobile all confirmed that they are aware of the issue and are trying to resolve it. Some customers complained on social media that they were being evaded by customer service representatives.
It is not yet clear why the roaming service was interrupted, but the finger of blame points to a company called Cinefreeze. The telco describes itself as “the world’s most connected company”, using its mobile technology as the backbone of its international roaming functions. Cinefreez confirmed to Reuters that it was experiencing “intermittent communication problems.”
The outage means those affected Americans will not be able to connect to their mobile network or the Internet without WiFi. Experts say an alternative solution is to get an international SIM card.
There is no information yet about when the service will be fully restored.
This will do it for your daily briefing. From the NYSE, I’m Conway Gittens from TheStreet.
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