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Wall Street Breakfast

Catalyst Watch: FedEx earnings, sports teams takeovers

Wall Street Breakfast

Seeking Alpha

News, Business, Business News, Investing

4.11K Ratings

🗓️ 17 June 2023

⏱️ 11 minutes

🧾️ Download transcript

Summary

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?

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Show links:

FedEx Q4 2023 earnings on deck, what to expect
FedEx Earnings Preview: Comps Get Much Easier In 2nd Half Of Calendar '23
Justice Dept. probing PGA Tour planned merger with LIV Golf - report
Manchester United gains amid report Qatari bidder negotiating exclusivity (update)
'Nearly all' Fed policymakers see more hikes appropriate this year: Jerome Powell press conference

Transcript

Click on a timestamp to play from that location

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.

0:14.4

This is our weekly show all about the catalyst for the upcoming week.

0:18.2

I'm joined by Kim Kahn, he's the senior managing news editor at Seeking Alpha.

0:23.3

I'm also joined by Kevin Curran.

0:25.2

He's an associate news editor at Seeking Alpha.

0:28.3

Kim, it's not like it was a busy week or anything, right?

0:31.8

Oh, geez, yeah, mashed potatoes and gravy for us fed heads. It was crazy. We had the

0:36.9

CPI and then we had the Fed decision. We had everybody deciphering what's going on with a hawkish dot plot versus a fed pause and then chief

0:47.2

jaypal gave us a wonderful press conference of yeah I'm kind of dovish but no I'm kind of hawkish so it was really interesting a lot of things did out for me is when

0:58.9

J-Powell said that you know we are you know a couple years out from cutting rates that market reacted to.

1:05.8

But he also said that the labor market strength might actually help us off landing,

1:11.6

which is something that he hasn't said he's always been worried about

1:14.0

labor market strength so we got a lot of push and pull going on but what we do know is that

1:18.8

rates are on hold right now and the market expecting hiking next month.

1:23.0

And so we're next week going to need to hear from all the Fed heads.

1:27.8

They're going to have to say what they're thinking.

1:30.1

They're going to have to massage the message of whatever the press conference was.

1:33.6

Either somebody's going to come out and say, look, we really, really didn't think it was a skip,

1:38.0

or we really think that we have time to watch the data come in.

1:43.0

It was funny, his pal actually called it a skip

1:45.2

and then corrected himself, so it was kind of a nice oops moment.

...

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