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Seeking Alpha's flagship Wall Street Breakfast provides investors an overview of key investment news every morning and afternoon.Transcripts: seekingalpha.com/wsb
Alibaba, Tencent in focus, Ant Group fined
Alibaba (BABA), Tencent (TCEHY) in focus as China unwinds tech crackdown (00:28). New M&A rules likely to delay deals by months, add significant costs (01:46). China's consumer inflation unexpectedly flat in June, producer prices fall further (03:19). Show links:Record-breaking U.S. oil production helps thwart Saudi efforts to drive up pricesGoldman Sachs sees rays of hope in underperforming health sectorGridBeyond buys Veritone's energy businessAcumen, BridgeBio, Arcus among BTIG's top healthcare picks for 2H 2023Catalyst Watch: CPI, major bank earnings, Amazon Prime Day and CAVA ratings
06:5510/07/2023
S&P, Nasdaq, Dow's problematic construction; T-Bill rates and yield curve creep
Matthew Tuttle and Rob Isbitts dissect today's stock market and its problematic index construction (1:00), T-Bill rates and yield curve creep (8:00). This is an abridged conversation from Seeking Alpha's Investing Experts podcast.Show links:The Magnificent Seven Or The Mediocre Seven?SPY: Recent Gains Distract From Weakening Long-Term Price TrendS&P 500: Buy Summer, Sell Autumn Scenario Favors IVV, XYLGReplace Some SPY With SHY: 2-Year Treasuries Look Better Than The S&P 500Forward-Looking Due DiligenceTranscripts available on Seeking AlphaWall Street Breakfast on Twitter
16:0209/07/2023
Catalyst Watch: CPI, major bank earnings
Catalyst watch for the week of July 9. Seeking Alpha Managing News Editor Kim Khan on what investors can expect from CPI midweek and major bank earnings at the end of the week (01:45) . Hot topics: What key issues will be in focus for the banks? (03:09) U.S. or China, who stands to benefit as new curbs are implemented? (04:16) Show links:Catalyst Watch: CPI, major bank earnings, Amazon Prime Day and CAVA ratingsRates Spark: The Burning Question Is Whether Payrolls Agree With The ADPKBWB: Bullish On Banks Before Earnings Season BeginsKBWB: Stress Test Cleared But Not Out Of The Woods YetYellen visit to China aims to defuse tensions with BeijingTime is on China's side in the chip war - here's the Jefferies tradeWhy Threads Is Great For Meta
08:0008/07/2023
June posts rare nonfarm payrolls miss
June payrolls gain misses forecasts for the first time in months. Citi gets bearish on amusement parks. BofA picks its best stocks for growth and value.Show links:BTIG unveils top picks for rest of '23: D.R. Horton, CrowdStrike, DraftKings among namesDividend Roundup: Unilever, PNC Financial, Oracle, AbbVie, and moreApple said to tread carefully with Vision Pro, have appointment-only launchHumana cut to Neutral at J.P. Morgan on near-term uncertainty
06:0207/07/2023
Canada increases subsidies for Stellantis battery plant
Canada to subsidize Stellantis (STLA) battery plant with up to C$15B in incentives (00:32). Will June nonfarm payrolls cool enough for Fed's liking? (01:53) PDD Holdings (PDD) sinks even as popular Temu shopping app expands abroad (03:02).Show links:Twitter threatens to sue Meta Platforms over Threads launchMallinckrodt delays $200M settlement payment again as it mulls bankruptcyBiogen, Eisai win full FDA approval for Alzheimer's drug LeqembiSandal maker Birkenstock looking at potential U.S. IPO - reportTesla sacks some battery workers at Shanghai factory - reportCatalyst Watch: BorgWarner, Biogen, iRobot and Coty are in the spotlight during holiday-shortened week
06:5207/07/2023
Jobs market still humming
A raft of data shows persistent labor market tightness. Yields jump as market prices in 90% chance of a Fed hike. Microsoft (MSFT) in pole position to reach $3 trillion next.Show links:Paycom, Chipotle highlight Goldman's Rule of 10 stock screensAs China slowdown continues, here are the U.S. stocks with the most exposureJob openings fall more than expected in May JOLTS report, quits rate ticks upJob cuts drop 49% in June to 40.7K: Challenger Job Cuts ReportInitial jobless claims renew climb in past weekCopper extends drop as hawkish Fed, China woes hit sentiment
05:5006/07/2023
OPEC will do ‘whatever necessary’
Oil bounces to two-week high as Saudi says OPEC will do 'whatever necessary.' (00:29) PHINIA (PHIN) swings higher on first day of trading (01:19). Instagram (META) launches 'Twitter killer' Threads text app (01:37).Show links:BuzzFeed seeking $150M for Complex Networks - reportVietnam in talks with Exxon on supply for planned LNG-fired power plantsPinterest, Amazon partnership is live 'earlier than expected', says RBCNY Fed's John Williams says he 110% supports June's hawkish pauseGoogle alleges India's antitrust agency protecting Amazon in Android case - reportCatalyst Watch: BorgWarner, Biogen, iRobot and Coty are in the spotlight during holiday-shortened week
06:1506/07/2023
China ramps up chip war
China ups the chip battle stakes with controls on essential metals exports. Netflix (NFLX) is upgraded ahead of earnings. Mobile apps see mostly strong global download data.Show links:Time is on China's side in the chip war - here's the Jefferies tradeMeta Platforms could have $925M tax bill from Italy after assessmentCoinbase cut to Neutral at Piper on valuation, 'too much uncertainty'Factory orders rise less than expected in May
05:2705/07/2023
Instagram’s Threads
Instagram (META) puts Twitter rival app Threads on App Store with launch imminent (00:29). Illumina (ILMN) faces record European Union fine over Grail deal next week - report (01:42). GTCR in advanced talks to buy Fidelity National Information Services (FIS) Worldpay stake for as much as $20B - report (02:24).Show links:Microsoft likely to face antitrust investigation from EU over Teams practicesPaycom, Chipotle highlight Goldman's Rule of 10 stock screensBest and worst performing healthcare IPOs of 2023, so farYahoo eyes comeback to public markets - reportSpotlight on Nathan's Famous stock after Hot Dog Eating ContestCatalyst Watch: BorgWarner, Biogen, iRobot and Coty are in the spotlight during holiday-shortened week
06:1205/07/2023
Electric vehicles dominate shortened trading day
EV makers rallied as deliveries showed better-than-expected demand. Stocks finished slightly higher ahead of holiday. Musk vs. Zuckerberg in August?Show links:Netflix, Disney, Datadog among BofA's 10 best ideas for Q3Did the S&P rally last week jinx market gains for the second half of 2023?Mattel defends Barbie trademark in legal battle with BurberryISM Manufacturing for June slips to three-year low of 46AstraZeneca reports mixed Phase 3 data for lung cancer drugConstruction spending +0.9% in MayU.S. PMI manufacturing stays at contraction level
04:4303/07/2023
Poor air quality, potential stock ideas
As northeast U.S. air quality suffers from wildfires, some potential stock ideas (FIXT). (00:28) Tesla (TSLA) confirms new record deliveries, beats expectations (01:55). Twitter fixes limit on tweets users can read per day (03:21).Show links:General Motors acquires battery software startup Algolion for early battery defect detectionUBS aims to skip $10B backstop from Swiss govt for Credit Suisse deal - reportGilead, Teva acquitted in pay for delay generic HIV drugs caseApple slashes Vision Pro targets amid production woes- reportMacau casino revenue in June misses estimates and dips sequentiallyNIO reports June delivery of 10,707 vehiclesCatalyst Watch: BorgWarner, Biogen, iRobot and Coty are in the spotlight during holiday-shortened week
06:4903/07/2023
Will REITs stand up to a recession? Brad Thomas with Kirk Spano
Brad Thomas joins Kirk Spano to discuss using REITs as insulation and income generation during a potential recession (0:50), and concerns around the sun belt region, primarily Florida (6:55). This is an abridged conversation from Seeking Alpha's Investing Experts podcast. Subscribe for free trials to Kirk Spano's Margin of Safety Investing and Brad Thomas' iREIT on Alpha.Show links:UnitedHealth Is The Perfect Buffett-Style Ultra SWAN For This RecessionMy Oh My, 3 Strong Buys (The 4th Of July Weekend Edition)Transcripts available on Seeking AlphaWall Street Breakfast on Twitter
11:5702/07/2023
Catalyst Watch: Heat waves and the economy
Catalyst watch for the week of July 2. Seeking Alpha Managing News Editor Kim Khan says investors should look out for nonfarm payroll numbers at the end of the week (00:32). Hot topics: What impact could a new AI chip curb have on companies like Nvidia (NVDA), Advanced Micro Devices (AMD) and Taiwan Semi (TSM)? (01:20) Also, what impact does a heat wave have on the economy? (03:54)Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium: A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:Texas power demand surges to new all-time high amid heat waveU.S. GDP growth revised up to 2.0% in third estimate, exceeding consensusMicron leads chips lower as investors fret about recoveryNvidia: Potential AI Chip Rules May Impact Investment CaseHow do you value a chip stock like Nvidia?Nvidia leads chips higher as sector looks to end the week on solid groundNvidia could see notable impact to revenue on new AI chip curb: analysts (update)Chip war heats up as U.S. said to mull new curbs on exports to China
06:1701/07/2023
Cool inflation boosts stocks
The Fed's favorite inflation measure shows easing prices. Tesla (TSLA) expected to report record deliveries. How much does a Manhattan apartment cost to rent?Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium: A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:Personal spending slows in May, income rises, inflation coolsTesla could report record Q2 deliveriesApple surpasses $3TNetherlands, U.S. eye new curbs on chipmaking gear sales to ChinaNike swings lower after setting cautious guidance
05:1230/06/2023
FTC hearing to block Microsoft, Activision deal concludes
FTC hearing to block Microsoft (MSFT) $69B acquisition of Activision (ATVI) concludes (00:33). Energy drinks M&A: Monster Beverage (MNST) closes in on deal for rival Bang (01:45). Biden administration develops 'safety net' for student loan payments restart (02:39). Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium: A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:Foxconn to invest $246M in Vietnam to set up 2 factories - reportApple continues march towards $3T, Citi praises gross marginsFedNow to launch late July with early adopters JPMorgan, Wells Fargo, othersRoot Inc. tumbles after saying it hasn't received actionable offerNike records margin beat, strong sales tally in China for FQ4Catalyst Watch: Fed stress tests, Snowflake event, AMC hearing and Delta guidance
06:3630/06/2023
Amazon antitrust suit gets nearer
Amazon (AMZN) could face an FTC antitrust suit in the coming weeks. Banks pass stress tests. Morgan Stanley shakes up its global dividend portfolio.Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium: A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:Morgan Stanley shakes up its global dividend portfolioFTC antitrust lawsuit against Amazon expected in coming weeksAll 23 banks pass Federal Reserve's stress test on capital levelsU.S. GDP growth revised up to 2.0% in third estimateWarren Buffett's Berkshire Hathaway boosts Occidental stake to 25%Aspartame to be declared a possible carcinogen by WHO arm
07:2229/06/2023
Micron Technology loss beats estimates
Micron Technology (MU) pops as Q3 loss beats estimates (00:23). TuSimple (TSP) to weigh options for U.S. business (01:49). Visa (V) to buy payment and banking platform Pismo for $1B in cash (02:27).Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium: A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:Morgan Stanley shakes up its global dividend portfolioAll 23 banks pass Federal Reserve's stress test on capital levelsGoogle, Salesforce-backed AI startup Typeface sees $1B valuation after $100M funding roundJudge in FTC suit to block Activision deal could rule as soon as next week Why did Carvana jump? Shorts are getting put to the testCatalyst Watch: Fed stress tests, Snowflake event, AMC hearing and Delta guidance
06:1829/06/2023
Getting to grips with Nvidia
Nvidia (NVDA) now trades at 40x price to sales vs. 2.4x for the S&P 500 (SPY). Fed chief Jerome Powell hints at rates higher for longer. Citi spies crowded short position stocks.Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium: A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:How do you value a chip stock like Nvidia?Citi screens for most crowded short stocks with new modelMore policy tightening coming from ECB, Fed, BOE, central bank heads sayGeneral Mills drops after organic sales fall short of expectationsPinterest pops as Wells Fargo upgrades, citing Amazon deal, 'strong catalyst path'
06:1028/06/2023
Unity Software unveils AI marketplace
Unity Software (U) surges as it unveils AI marketplace, Wells Fargo starts coverage (00:27). Nvidia (NVDA), AMD dip as US mulls new AI chip curbs for China - report (01:05). Google (GOOG) (GOOGL) violating its video-ad promises, research suggests (01:49). Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium: A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:Eargo to lay off 32%-42% of workforce, announces CEO exitGerman consumer confidence dips more than expected in JulyRussia poised to surpass Saudi Arabia as China's top oil supplierSiriusXM said to close Stitcher podcast app this summerNewell Brands bounces off its recent 52-week lowCatalyst Watch: Fed stress tests, Snowflake event, AMC hearing and Delta guidance
06:1128/06/2023
Walgreens drops to basement of the Dow
Walgreens (WBA) slumps on guidance and is now the worst Dow performer for 2023. Durable goods, consumer confidence come in strong. Disney (DIS) gets a vote of strategic confidence from BofA.Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium: A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:Walgreens falls after lowering earnings guidanceDurable goods orders come in surprisingly strong in MayWalt Disney rises as BofA says it's 'confident' in company's strategic pathAlibaba cut to Market Perform at BernsteinUnity Software rises as it unveils AI marketplaceSnowflake rises as it announces Nvidia partnership for generative AI appsPhilip Morris International is called a top consumer staples stock by Morgan StanleyDelta Air Lines rallies after setting strong guidance
06:3227/06/2023
Lordstown Motors plunges on bankruptcy filing
Lordstown Motors (RIDE) plunges after bankruptcy filing, Foxconn lawsuit. (00:28) Jackson Financial (JXN) says up to 800K customers hit by MOVEit breach (01:30). EU looking at self-preferencing in its probe of Amazon's (AMZN) iRobot (IRB) takeover - report (02:41). Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium: A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:China's premier says economic growth on track to reach 5% target, to be higher in Q2DeSantis seeks to dismiss Disney lawsuit, claims immunityLilly says patients saw mean weight reduction of 58 lbs on retatrutideIllumina announces job cuts, to exit San Diego i3 campusBaidu says Ernie Bot AI model beats ChatGPT on several measuresCatalyst Watch: Fed stress tests, Snowflake event, AMC hearing and Delta guidance
06:4627/06/2023
Obesity pills show significant weight loss
Novo Nordisk high-dose pills show promise with weight loss in trials. Alphabet (GOOG) (GOOGL) is downgraded by UBS. Dan Ives gives his bullish view on three tech stocks.Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium: A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:Pills for obesity: Novo Nordisk records success in late-stage trialsAlphabet slips as UBS downgrades, citing 'limited upside,' monetization worriesMicrosoft, AWS, Google may benefit as cloud spending showing 'pockets of upticks'TV usage drops again in May, but streaming keeps rollingTesla is downgraded at Goldman Sachs as Wall Street continues to dial up caution on the EV stockCarnival Non-GAAP EPS of -$0.31 beats by $0.02, revenue of $4.9B beats by $130M
05:4426/06/2023
Chaos in Russia
Putin vs. Wagner: What does chaos in Russia mean for the markets? (00:24) IBM (IBM) nears $5B acquisition of software provider Apptio - report (01:29). Wolfspeed (WOLF) to get $2B in debt funding from Apollo-led group - reports (01:57).Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium: A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:E-cigarette sales increased by nearly 50% between 2020 and 2022Apple expands self service repair to include iPhone 14 line, MacsOregon county sues Big Oil companies for $51B over role in 2021 heat domeLooking ahead to 2023's back half for investing opportunitiesOPEC sees global oil demand growing 23% by 2045 - reportConsumer stocks are in the spotlight with student loan repayments and food disinflation in the mixCatalyst Watch: Fed stress tests, Snowflake event, AMC hearing and Delta guidance
05:4126/06/2023
Catalyst Watch: Musk vs Zuck, last man standing
Catalyst watch for the week of June 25. Seeking Alpha Managing News Editor Kim Khan says the inflation gauge to look out for next week is the PCE price index (00:27). He also gives investors a preview of Nike (NKE) earnings (02:22). Hot topic: Cage match between Elon Musk and Mark Zuckerberg, who wins? Musk, Zuck or investors? (04:17)Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium: A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:Elon Musk may have cage match with Mark Zuckerberg in battle of tech CEOsNike inventory issues likely to drag on earnings - Morgan StanleyWill Sticky Core PCE Inflation Ease In Months Ahead?China Sales Slowdown Jeopardizing Nike's Long-Term GuidanceMeta Platforms: Last Man StandingNike runs back into Macy's stores as it rekindles wholesaler relationships
08:3024/06/2023
More companies get in on CHIPs Act funds
More companies are now eligible to get funds from the CHIPs Act. Deutsche Bank is unimpressed with the C3.ai (AI) investor day. Goldman taps top stocks for return on equity. Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium: A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:Goldman adds 25 new stocks with growth potential to its ROE basketChip equipment makers, chemical companies, others now eligible for CHIPs Act fundsC3.ai slumps 8% as Deutsche Bank reiterates sell after investor meetingApple, Google, other tech CEOs to meet with Biden to discuss AI, manufacturing
04:4323/06/2023
Microsoft battles FTC in court
Microsoft (MSFT) battles with FTC in court over $69B Activision (ATVI) deal (00:25). Ford (F) preps for another round of layoffs - report (01:55). Virgin Galactic Holdings (SPCE) files to sell another $400M worth of stock (02:38).Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium: A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:J&J talc bankruptcy unit to establish $750M trust fund with insurersOuster announces layoffs, reaffirms second-quarter revenue outlookAmazon pops as Loop Capital says AWS slowdown likely to 'bottom' soon3M to pay up to $10.3B in PFAS water pollution settlementWarner Bros. Discovery in talks for $500M sale of half of music publishing assetsCatalyst watch: Powell testifies to Congress, Microsoft-Activision Blizzard hearing and Dollar Tree event
06:3223/06/2023
Copper prices popping
Copper prices hit a seven-week high as inventories fall. Tesla (TSLA) gets a downgrade from Morgan Stanley. A Musk and Zuckerberg cage fight?Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium: A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:Bank of England surprises with half-point hike to 5%AMC dips, APEs rise as special master supports conversion-plan settlementCopper climbs to highest since May as LME stockpiles plungeTesla loses bull rating at Morgan Stanley with AI premium seen at riskElon Musk may have cage match with Mark Zuckerberg in battle of tech CEOsDarden Restaurants falls after same-restaurant sales trail estimates
05:1022/06/2023
Cell-based meat gains U.S. approval
Cell-based meat is approved in the U.S. for the first time (TSN).(00:24) Car insurer Root (ROOT) jumps on report of takeover offer (01:20). Fed's Jerome Powell says more 'moderate pace' of rate hikes may 'make sense' (01:54).Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium: A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:Apple rolls out developer tools to create apps for its Vision Pro headsetCrypto exchange FTX already faces $200M in bankruptcy feesApplied Optoelectronics inks supply deal with MicrosoftToyota introduces next-gen minivans in JapanNetflix's $2.5B South Korean investment to include grooming local talent - reportIntel to restructure manufacturing businessBlackRock's ETF Filing Could Be Good For The Grayscale Bitcoin TrustCatalyst watch: Powell testifies to Congress, Microsoft-Activision Blizzard hearing and Dollar Tree event
06:3222/06/2023
Inflation still a big battle
Fed Chairman Jerome Powell kicks off his Washington testimony saying there is a long way to go on inflation. Barclays cuts its rating on Tesla (TSLA) but admits it may be a gamble. Amazon (AMZN) details Prime Day deals.Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium: A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:Federal Reserve Chair Powell to repeat expectation that rates will rise more this yearAmazon sets Prime Day for July 11-12 in big test of consumer discretionary spendingTesla is downgraded at Barclays ahead of Q2 earningsAnt Group developing own AI large language modelWall Street rally further cools as Nasdaq, S&P, Dow under pressure after Powell testimony
05:2321/06/2023
Powell faces questions on Capitol Hill
S&P, Dow, Nasdaq futures tread water ahead of Fed Powell's testimony.(00:24) FedEx (FDX) falls after revenue miss, weak profit guidance; UPS (UPS) slips as well (01:22). Advanced Micro Devices (AMD) to invest up to $135M to expand operations in Ireland (02:03).Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium: A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:More big wins for Tesla: Charging standards and EV subsidiesSimulations Plus acquires Immunetrics to expand into immunology and oncologyParamount sale of BET may be in doubt as asking price too high - reportYouTube's 1st official shopping channel to launch in South Korea - reportHBO reportedly in talks to license shows to rival NetflixMastercard rolls out global recycling plan for debit, credit cards - reportAMD: Late To 2023 Design Wins (Rating Downgrade)Catalyst watch: Powell testifies to Congress, Microsoft-Activision Blizzard hearing and Dollar Tree event
05:4521/06/2023
Alibaba announces new leadership
Alibaba Group (BABA) Announces Chairman and CEO Succession Plan (00:25). Biden sees progress in U.S.-China ties after Blinken meets Xi Jinping (00:53). New York Stock Exchange President sees Cava (CAVA) debut ending drought of IPOs (01:40). Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium: A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:Intel's €30B investment to be single largest FDI in German historyIBM and Adobe collaborate to provide a content supply chain solution using generative AIAirbus receives record order for 500 planes from India's IndiGoNAHB homebuilder sentiment index in positive after 11 monthsTeleperformance gets new executive chiefAvanos agrees to acquire Toronto-based Diros TechnologyManaged care stock sell-off could be a buying opportunity, says Wells FargoCatalyst watch: Powell testifies to Congress, Microsoft-Activision Blizzard hearing and Dollar Tree event
05:4520/06/2023
Catalyst Watch: FedEx earnings, sports teams takeovers
Catalyst watch for the week of June 18. Seeking Alpha Managing News Editor Kim Khan gives investors a wrapup of the FOMC meeting. (00:28) Seeking Alpha Associate News Editor Kevin Curran previews what to expect when FedEx Corporation (FDX) reports earnings. (03:10) Hot topic: PGA Tour, LIV Golf and Manchester United (MANU) have something in common (06:04). What is it?Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium:A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:FedEx Q4 2023 earnings on deck, what to expectFedEx Earnings Preview: Comps Get Much Easier In 2nd Half Of Calendar '23Justice Dept. probing PGA Tour planned merger with LIV Golf - reportManchester United gains amid report Qatari bidder negotiating exclusivity (update)'Nearly all' Fed policymakers see more hikes appropriate this year: Jerome Powell press conference
11:2117/06/2023
Virgin Galactic soars
Virgin Galactic (SPCE) targets late June for official launch of commercial service (00:32). Squarespace (SQSP) takes off on deal to buy assets of Google's (GOOG) (GOOGL) domains business (02:15). Intel (INTC) said to be close to deal worth $10.8B in subsidies for German chip plant (01:29).Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium: A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:Adobe rises as it boosts fiscal earnings, revenue outlook after strong Q2BlackRock files for bitcoin ETF; Coinbase as custodianGameStop's Ryan Cohen blasts management that only 'rest and vest'Enovix hits Q2 milestone early, producing 18K battery cellsVMware/Broadcom deal spread narrows amid report on China antitrust reviewCava trades with a higher market cap than Wendy's, Shake Shack and Papa John's after strong IPO debutUber ends taxi service in Israel, cuts food delivery in ItalyVirgin Galactic: Successful Test Flight Does Not Mean Share Price Will Take Off
06:1816/06/2023
Fed holds steady
Federal Reserve holds interest rate steady in June, skipping a hike (00:28). Music publishers (SONY) (WMG) sue Twitter over alleged copyright infringement (02:57). TrueCar (TRUE) rallies after announcing major restructuring, CEO change (03:34).Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium: A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:What does Fed’s hawkish pause mean for cryptos? SA analysts weigh inFed Special: Rates Held, Powell's Tell And Market Impact With Chaim SiegelCava shares price at $22 each, resulting in ~$318M proceeds (updated)Berkshire Hathaway utility must pay punitive damages for 2020 fires, jury saysTrueCar rallies after announcing major restructuring, CEO changeFedEx launches electric delivery vehicles in Canada through GM's BrightDropEstee Lauder stock rises as company teases anti-aging researchUnilever agrees to acquire Colorado-based frozen yogurt brand YassoFAA requires new planes to have second barrier to protect airline pilotsCatalyst watch: AI talk from Salesforce and AMD, Shell event and Oracle earnings
07:2315/06/2023
Fed special: Rates held, Powell’s tell and market impact with Chaim Siegel
Chaim Siegel, leader of the Fed Trader Investing Group, joins SA's Kim Khan for a breakdown of Wednesday’s Fed decision. What the hawkish pause means for the equity rally, why the market is skeptical about Jay Powell’s rate cut pronouncement, how jobless claims remain crucial and more.Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium: A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow notes:Subscribe to Chaim Siegel's Fed TraderFed holds rates steadyTwo hikes penciled into dot plotPowell press conference highlights
19:0914/06/2023
Fed expected to skip June hike, then what?
Federal Reserve expected to skip June rate hike, but then what (00:40)? Google (GOOG) (GOOGL) delays European start of Bard AI chatbot over privacy concerns - report (01:57). Bud Light (BUD) no longer top-selling beer in U.S. as boycott dents sales - report (02:27).Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium: A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:Nvidia crosses $1T market cap powered by the rise of AINetflix to debut first pop-up restaurant in LAAnheuser-Busch InBev SA/NV: The Damage Looks PermanentStellantis recalls over 300,000 vehicles over coil installation issueCrude oil rallies on China stimulus, raising hopes for stronger energy demandDeeper Dive: Investor exodus from ESG investingStarwood Capital considers selling more than 2,000 single-family rental homes - reportAtlantic Equities moves to sidelines on PayPal amid competition concernsUS judge temporarily blocks Microsoft from completing Activision dealDisney delays `Avatar,' `Star Wars,' Marvel moviesCatalyst watch: AI talk from Salesforce and AMD, Shell event and Oracle earnings
06:2514/06/2023
May CPI on tap
CPI will give Federal Reserve new data on fight against inflation (00:28). Alphabet (GOOGL) (GOOG) to be slapped with ‘massive’ EU antitrust penalty - report (01:45). FTC files for injunction to block Microsoft (MSFT) acquisition of Activision (ATVI).(02:20)Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium: A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:China mulls stimulus measures to boost economy, central bank cuts key policy rateApple cut to Neutral at UBS on softer iPhone and services growth in H2Cineplex says QTD box office revenues at about 88% of same period pre-pandemicU.S. federal budget deficit comes in wider than expected in MayIntel in talks to be anchor investor in chip designer Arm - reportOracle rises to all-time high as cloud growth aids earnings beatChegg announces workforce reduction amid AI-driven strategy shiftCatalyst watch: AI talk from Salesforce and AMD, Shell event and Oracle earnings
06:4213/06/2023
U.S. credit card debt nears the $1T mark
U.S. credit card debt nears the $1T mark: Is there a reason to worry (00:27)? Nio (NIO) cuts prices for all models, ends free battery swapping - report (01:40). UBS (UBS) closes Credit Suisse (CS) takeover, reportedly sets strict curbs for staff (02:38).Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium: A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:Wall Street Breakfast SurveyFederal Reserve poised to skip a hike, but don't call it a pivot or a pauseOPEC output cuts will lift crude oil into the $90s this year, Goldman saysAlzheimer’s disease market expected to reach $14B globally in 2030Glencore approaches Teck Resources over deal for coal business - WSJJetBlue, American try to rework Northeast Alliance after court blockIs the regional bank stock rout overdone? Insiders seem to think soCatalyst watch: AI talk from Salesforce and AMD, Shell event and Oracle earningsDespite Fed Tightening And Bank Collapses, It's Still An Astoundingly Loose Financial Situation
07:0412/06/2023
Fed hikes, quantitative tightening and international price action with Mike Zaccardi
Mike Zaccardi, CFA, CMT joins James Foord for a discussion around the Fed funds market (0:30), whether we'll achieve a soft landing (2:35), and why investors should consider having an allocation towards non-U.S. stocks (18:45). This is an abridged conversation from Seeking Alpha's Investing Experts podcast. Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium: A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow Notes:Follow Mike Zaccardi, CFA, CMTSubscribe to James Foord's The Pragmatic Investor
23:1311/06/2023
Catalyst Watch: AI, 'Winner-Take-More' Game?
Catalyst watch for the week of June 11. Seeking Alpha Managing News Editor Kim Khan breaks down his favorite week, Fed week. He tells us how the markets will react once CPI is released (00:37). Seeking Alpha Associate News Editor Kevin Curran gives investors a preview of what to expect when Oracle Corporation (ORCL) reports earnings. (05:04) Oracle leads to another hot topic, AI. Will there be a hotter buzz word in 2023 and which companies will really reap the benefits?Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium: A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:Oracle Corporation (ORCL)Wall Street Breakfast: Smoke AlarmWildfires, smoke and air quality bring up the climate ETF discussionAI looking like a 'winner-take-more' game - GoldmanAustralia central bank unexpectedly hikes rates by 25 bps, more tightening likelyBank of Canada hikes rate by quarter point, resuming tighter policyOracle takes another AI step with Cerner-FDA partnership
14:5910/06/2023
Trump SPAC DWAC on Watch Following Indictment
Trump SPAC DWAC on watch after indictment in classified documents case (00:27). EVs made by General Motors (GM) will be able to use Tesla's (TSLA) Supercharger network (01:26). Sientra (SIEN) rockets ~75% after hours on FDA approval for tissue expander (02:40).Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium: A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:Meta plans launch of Twitter rival via Instagram - reportRoku names former Amazon media leader to boardTD Bank to build on its strength in U.S. core deposits, CFO saysU.S. household net worth rose in Q1 as equities value offset real estate's dipDocuSign jumps 14% on double-digit revenue gain, boosted cash flowsGold recoups losses as dollar, yields drop after jobless claims dataCertara slips as CFO cites negative outlookEdgio to cut 12% of its workforce to reduce cost
06:0509/06/2023
GameStop Slides on C-Suite Shakeup
Wildfires, smoke and air quality bring up the climate ETF discussion (00:35). GameStop (GME) slides after firing CEO, elevating Ryan Cohen to chairman slot (01:39). Affirm Holdings (AFRM) surges after Amazon Pay (AMZN) adds its Adaptive Checkout (04:55). Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium: A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:Banks may be pressured by weakening commercial property market, Yellen warnsStocks with top pricing power across all sectorsNasdaq posts worst day in over a month as tech rally loses steam; Dow, S&P end mixedFloor & Decor unit acquires flooring and installation supplies distributorCatalyst Watch: Apple's WWDC event, OPEC fallout and REITs on display
09:1108/06/2023
SEC Versus Coinbase, Binance
SEC versus crypto: Regulatory clarity or confusion? (00:55) Apple (AAPL) reportedly acquired AR start-up Mira as it pushes new headset vision (02:44). NYC sues Hyundai (HYMTF), Kia (KIMTF) for negligence as car thefts escalate (05:12).Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium:A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:SEC sues Coinbase (COIN) for operating as unregistered broker; COIN slumps.Shopify stock jumps after sale of logistics businessJOANN nosedives to all-time low after weak Q1 resultsTC Energy latest Canadian oil and gas company to lay off staff - ReutersNasdaq, S&P, Dow eke out gains, helped by regional banks; SEC sues CoinbaseWednesday's economic calendarCatalyst Watch: Apple's WWDC event, OPEC fallout and REITs on display
09:2607/06/2023
Atlas Lithium Slapped with Securities Fraud Lawsuit
Atlas Lithium (ATLX) slapped with securities fraud lawsuit (05:04). Apple (AAPL) unveils $3,500 AR/VR headset, biggest product launch in nearly a decade (02:01). Taiwan Semi (TSM) reportedly eyes 3-6% price hikes for 2024 (06:36).Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium:A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:Student loan consumers likely to defer buying soft goods as debt repayment resumes - UBSTarget is downgraded at KeyBanc due to massive student loan repayment headwindHey Siri, Give Us A Hint: Here's What We Expect From Apple's WWDC23Buybuy Baby in sale talks with owner of Janie and Jack brandNasdaq, S&P, Dow close in the red, weighed down by fall in Apple after its headset revealMobileye announces secondary stock offering by Intel unitTwitter U.S. advertising sales sink 59% - reportCatalyst Watch: Apple's WWDC event, OPEC fallout and REITs on display
10:4406/06/2023
Apple WWDC 2023 Preview
Apple (AAPL) WWDC 2023 preview: Mixed reality headset likely to be the star (00:55). Saudis to cut another 1M bbl/day while OPEC+ extends reductions into 2024 (02:18). Novo Nordisk (NVO) in talks to acquire French medical device maker Biocorp (03:05).Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium: A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:Stronger capital rules may be coming for the largest U.S. banksSony CEO downplays risk of cloud gaming on console market - FTMallinckrodt to consider filing for bankruptcy again - WSJStratasys likely to reject 3D Systems takeover offer - analystNovo Nordisk: Dominating In Diabetes And ObesityDow notches best day since early Jan., Nasdaq, S&P rip after debt limit vote, jobs reportMonday's economic calendarRestaurant chain Cava set to start IPO roadshow this week - reportCatalyst Watch: Apple's WWDC event, OPEC fallout and REITs on displayUBS expects to close Credit Suisse acquisition next week
10:1605/06/2023
The Default Saga Ends
U.S. avoids default with passage of the debt ceiling bill, markets brace for the May jobs report and clues about rates and recession and the S&P 500 hits a 9-month high.Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium:A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:U.S. Senate passes debt ceiling bill, averting first-ever U.S. defaultWill the May nonfarm payroll report signal recession or sustainable growth?Nasdaq ends +1%, S&P, Dow also gain on hopes for rate hike pause at June Fed meet
07:2402/06/2023
Liquidity Squeeze
lLiquidity worries arise as debt ceiling deal easily passes the House, Meta threatens to pull news from California and is the AI boom starting to show cracks?Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium:A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:Debt-limit increase passes easily in House voteDebt Limit Drama Part 2: The next chapter could slam stocks and GDPMeta threatens to pull news in California over publisher compensationSizing up the AI playing field: All stocks may not be equal
07:1601/06/2023
AI Extinction-Level Threat
AI experts and creators warn about extinction risk on par with nuclear war, the debt ceiling bill clears another hurdle as a floor vote nears and Twitter is worth just a third of what Elon Musk paid, Fidelity says.Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium:A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:OpenAI CEO, others write letter that AI risk is on par with pandemic, nuclear warDebt ceiling deal heads to House vote after passing initial hurdleTwitter worth one-third of what Elon Musk paid for it, Fidelity says
06:4331/05/2023
Debt Deal Heads To Vote
The debt ceiling deal moves towards a vote in Congress, what’s next for stocks and bonds with the tail risk of default almost gone and Salesforce (CRM) is expected to join the AI bandwagon as it reports results this week.Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium:A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:Debt ceiling deal: What's in the bill as the fight moves to CongressNasdaq leads S&P and Dow futures, yields slip after debt limit agreementSalesforce likely to show 'increased deal stability' in Q1, Wedbush says
06:5030/05/2023
Bank Tightening, Commercial Real Estate And Natural Gas Demand
Kirk Spano and CashFlow Hunter discuss bank tightness and whether it's a harbinger of recession, (0:10) commercial real estate market's problematic loans coming due (4:00) and big themes for energy (6:30). This is an abridged conversation from Seeking Alpha's Investing Experts podcast.Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium: A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow Notes:Subscribe to Kirk Spano's Margin of Safety InvestingSubscribe to CashFlow Hunter's Catalyst Hedge InvestingSeeking Alpha Premium and PRO
09:0628/05/2023