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Wall Street Unplugged - What's Really Moving These Markets

Ep. 79 - Stocks Hovering At Key Technical Levels

Wall Street Unplugged - What's Really Moving These Markets

Frank Curzio

Commodities, Investments, Economics, Trading, News, Stocks, Oil, Uranium, Business News, Crypto, Investing, Crisis, Business, Gold, Industry, Debt, Macroeconomics, Talk, Research, Personal, Geopolitics, Curzio, Finance, Tokens

4.61.1K Ratings

🗓️ 18 May 2011

⏱️ 43 minutes

🧾️ Download transcript

Summary

The Disciplined Investor’s Andrew Horowitz breaks down the charts on the S&P 500 and Russell 2000. Frank talks about the headwinds small-caps face in the short-term.

Transcript

Click on a timestamp to play from that location

0:00.0

S&A Investor Radio looks beyond the regular headlines heard on mainstream financial media

0:08.9

to bring you unscripted interviews and breaking commentary direct from Wall Street, right to you on Mainstream.

0:15.0

How's it going out there? It's May 18th, my birthday, and I'm Frank Curzy,

0:20.0

hosted the S&A Investor Podcasts where you break down the headlines and tell you it's

0:24.4

really moving these markets. And today I'm going to start off with a rant. I know it's my

0:29.7

birthday but I'm a little angry about something something I saw in the news the other day.

0:33.0

I don't know if you've read about the wireless carriers, but they had a big meeting in

0:36.9

Washington with the Judiciary Committee talking about the AT&T mobile merger.

0:42.1

They had Dan Hesse, he's the Sprint CEO,

0:45.4

Randall Stevenson, he's the AT&T CEO, and then you have Philip Hum

0:50.4

who's the T-Mobile CEO.

0:52.2

And basically these guys are getting up for the

0:54.4

Judiciary Committee and lying through their teeth. Now AT&T obviously wants this

0:59.6

deal done. It's because if Verizon AT&T will control more than 80% of the wireless subscribers in the US

1:07.0

And they'll probably be able to charge whatever they want to these subscribers and probably tell Apple to never sell the iPhone at Sprint.

1:14.2

So the CEO of AT&T has to basically defend his stance, right?

1:18.3

It's about to take over at T-Mobile.

1:19.9

So he says, T-Mobile is not a formidable competitor.

1:25.1

He actually stands up and says that.

1:27.2

Now, T-Mobile has 34 million US wireless subscribers, but ATT CEO, Stevenson says it's not a formal competitor.

1:38.0

AT&T also runs commercials every day on every network saying they have the world's best national coverage, right?

1:44.7

They always have those pictures with the showing that the map of the United States and how they cover

...

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