Catalyst Watch: CPI, Silicon Valley Bank Contagion

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8 • 950 Ratings

🗓️ 11 March 2023

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Catalyst watch for the week of March 12. Seeking Alpha Managing News Editor, Kim Khan gives a rundown of the catalysts for the week featuring CPI (00:32). Seeking Alpha Associate News Editor, Kevin Curran gives an earnings preview (02:13). He says to look for reports from Adobe (ADBE), FedEx (FDX) and Dollar General (DG). In addition, the hosts discuss whether Silicon Valley Bank (SIVB) will get a bailout and the impact the news is having on other banks (04:02). Finally, Kim wants to know, what is your favorite Wall Street movie (10:01)?

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Show links:

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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	Thanks for joining us today. I'm Julie Morgan, host of Wall Street Breakfast, Seeking Alpha's Daily flagship podcast.
0:14.3	This is our weekly show all about the catalyst for the upcoming week.
0:18.4	I'm joined by Kim Kahn.
0:19.9	He's the senior managing news editor at Seeking Alpha.
0:23.6	I'm also joined by Kevin Curran.
0:25.7	He's an associate news editor at Seeking Alpha.
0:28.8	Kim, Kevin, welcome to the show.
0:30.4	Thanks.
0:31.0	Glad to be here.
0:31.8	So Kim, of course, I know you have two major topics to talk about.
0:36.8	Tell me, what are they?
0:37.8	Yeah, it's all kind of like, you know, I guess you can wrap it up in one big package. It's Jobs Report and
0:44.1	CPI. We are recording this on Friday. We've just seen the jobs report
0:47.8	numbers. Market's going haywire or one of those Joker.
0:51.8	It loses their minds moments and it's the bond market is is
0:57.6	rallying sharply sending yields down on the short end by almost 30 basis points. That's a move we haven't seen since 2008. But then just earlier this week after
1:07.2	Pals testimony we saw them shoot up over 5% which is a move we haven't seen in about a similar amount of time. So things are really volatile, really fluid.
1:16.4	Stocks are trading off lower as the non-farm payrolls
1:20.0	were higher than expected, but the bottom market seems
1:22.0	to be focusing on a softer than expected average hourly earnings numbers puts the crosshairs even further on if it's as possible to CPI next week.
1:32.0	And for the February
	...

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