What to Watch Wednesday: Amazon Prime Day, Netflix Earnings, PPI Data

For Wednesday July 15, TheStreet outlines a big sale from a couple of retailers, the key earnings reports for the day, as well as economic data to keep an eye on. It’s not exactly Black Friday, but it will be a big day for deals online. Amazon (AMZN) gets ready to host its special savings day called ‘Prime Day’ to celebrate its 20th anniversary. The online retailer says its 24-hour sale a thon will even have more deals than Black Friday. Amazon noted that its top discounted items include a 32-inch TV from an unspecified brand for $75, as well as a Chromebook laptop for $199, and 30% off some clothing. Amazon Prime Day will only be offered to people members of its Amazon Prime service. Walmart (WMT) is also jumping in, challenging Amazon with a sales day of its own. The two retailers are not the only companies offering these big sales this summer. Target (TGT) and Best Buy (BBY) have sales similar to Black Friday scheduled for this month. Notable companies reporting their latest quarterly earnings include Bank of America (BAC) and Delta Air Lines (DAL) before the opening bell. Then in the afternoon, look to earnings reports from Intel (INTC) and Netflix (NFLX) after the market closes. On the economic calendar we note the producer price index, the Empire State manufacturing index, the industrial production figures, and the Fed's beige book. TheStreet's Kurumi Fukushima reports in New York.