Chaos in Russia
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 26 June 2023
⏱️ 6 minutes
🧾️ Download transcript
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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 Monday, June 26th, and I'm your host Julia Morgan. Chaos in Russia over the weekend. |
| 0:14.0 | What does this mean for the markets? |
| 0:16.0 | IBM is close to a deal to acquire Appto |
| 0:19.0 | and Wolf Speed is getting $2 billion in debt financing. |
| 0:23.4 | Here's what's making headlines today. |
| 0:26.6 | Russia's Wagner group of mercenaries made a short-lived rebellion on Saturday. |
| 0:31.6 | By the way, Wagner group is spelled Wagner in English. |
| 0:35.5 | They seized the southern city of Rostov and was only 120 miles from Moscow when the revolt |
| 0:40.9 | was called off. |
| 0:42.2 | They were demanding the removal of Russian military commanders in charge of the war in Ukraine. |
| 0:47.5 | But then the army back down and headed back to Ukraine. |
| 0:50.8 | Under terms of an agreement to end the crisis, Wagner's 25,000 heavily armed |
| 0:55.8 | troops won't face prosecution, while their leader Yevgeny Przgozen was exiled to Belarus. |
| 1:02.4 | The rebellion lasted more than a day. |
| 1:04.4 | The consequences from this for the war and to Vladimir Putin's authority |
| 1:09.0 | are still to be played out. But what about the markets? |
| 1:12.1 | Markets are looking at the situation as a |
| 1:14.4 | non-event for now, but traders are on edge should things morph into something bigger. |
| 1:18.8 | Energy is likely the biggest sector that would be impacted. |
| 1:22.8 | If you're looking for a deeper dive into this report, |
| 1:25.6 | you'll find it in the Wall Street Breakfast newsletter. |
... |
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