Biden Set to Veto Anti-ESG Investing Bill

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8 • 950 Ratings

🗓️ 2 March 2023

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Biden's first veto set to counter anti-ESG investing bill. Salesforce (CRM) shares climb as earnings outlook, results suggest more strength ahead. Tesla's (TSLA) new master plan includes next-gen EV platform, leading Earth's path to a sustainable economy.

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Transcript

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0:00.0	Welcome to Seeking Alpha's Wall Street breakfast, where we cover the top news for investors every morning.
0:07.0	Good morning. Today is Thursday, March 2nd, and I'm your host Julie Morgan.
0:12.0	President Biden's first veto could be making its way to
0:15.1	his desk. The Senate just passed an anti-ESG measure. Salesforce gave a strong
0:21.0	sales forecast to go along with upbeat results.
0:24.4	For its fiscal fourth quarter, the company doubled EPS from the year prior.
0:28.5	The results encouraged activist investors.
0:32.0	And today is crypto Thursday.
0:34.2	Ordinals is still all the rage right now in the cryptoverse.
0:38.4	Mike Faye, the author of blockchain reaction on Seeking Alpha,
0:42.0	breaks down how ordinals work and why it's so controversial.
0:46.0	Our top story.
0:48.0	The War on Woke Funds is continuing in Washington.
0:51.0	The Senate just passed an anti-ESG measure that would overturn a Labor
0:55.8	Department rule, allowing fund managers and retirement plans to consider ESG environmental,
1:02.4	social, and governance factors when making investment decisions.
1:06.6	President Biden has already said that he will nix the new bill if it comes to his desk.
1:11.8	This would mark the first veto of his presidency.
1:15.0	Salesforce shares are up 14% pre-market.
1:19.0	Seeking Alpha Associate News Editor Kevin Curran tells us why.
1:23.2	Positive results from Salesforce on Wednesday evening appeared to encourage a number of
1:26.8	activist investors that have taken interest in the Mark Benyoff-led software company.
	...

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