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Retail Results Roundup, Debt Ceiling Negotiations, and the Markets This Week 5/26/23

Morning Call

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Hyundai Motor and LG Energy Announce Plans to Build a More Than $4 Billion Electric Vehicle Battery Plant

We're just days away from defaulting on the debt ceiling. South Korea's Hyundai Motor and LG Energy announcing plans to build a more than $4 billion electric vehicle battery plant in the U.S. The New York City Banking Commission voting to freeze the city's deposits at Capital One and Key Bank. Investors are pouring cash in a money market funds as you look for some safety in these low risk assets.

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