Futures dip as oil jumps
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 11 May 2026
⏱️ 5 minutes
🧾️ Download transcript
Summary
Episode transcripts seekingalpha.com/wsb.
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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. |
| 0:07.6 | It's good to be with you on this Monday, May 11th. I'm Julie Morgan. |
| 0:13.5 | Stock index futures are lower as there seems to be no end in sight to the U.S.ran conflict after President Trump called Iran's latest proposal |
| 0:23.0 | totally unacceptable. Iran's proposal reportedly emphasized Iranian sovereignty over the Strait of |
| 0:29.4 | Hormuz, while calling on the U.S. to end its naval blockade, guarantee no further attacks, |
| 0:36.1 | lift sanctions, and end a U.S. ban on Iranian oil sales. |
| 0:40.9 | The Strait of Hormuz remains mostly closed. As for futures, the Dow and S&P 500 are both down |
| 0:47.6 | around 0.1%, and the NASDAQ is down one quarter of 1%. Crude oil is up 2.3% at $97. |
| 0:57.4 | Bitcoin is down 1.6% at 80,000. |
| 1:01.5 | Gold is down 1.3% at 4655. |
| 1:06.0 | The Futsi 100 is up 0.1% and the Dax is down 0.3%. Nintendo's stock price fell around 9% in Tokyo on Monday, |
| 1:18.2 | after investors reacted negatively to higher switch to pricing and concerns over a weak lineup of |
| 1:25.0 | games. Investors were also disappointed by Nintendo's outlook for the current |
| 1:29.9 | fiscal year. The company forecast switched to sales of 16.5 million units below the nearly 20 million |
| 1:37.5 | units sold in the previous year, while operating profit guidance of 370 billion yen, came in well below analyst's expectations of |
| 1:47.2 | about $480 billion. The company also said that it will raise the price of its switch-to console |
| 1:53.7 | to $500 from $450, signaling mounting profitability pressure as it enters its second year on the market. |
| 2:01.7 | The effective date of price revisions in the U.S., Canada, and Europe is September 1st of this year. |
| 2:08.0 | The increases come as memory chip costs surge amid strong AI-related demand. |
| 2:13.6 | Concerns have also grown because Nintendo remains heavily dependent on its gaming business compared with rivals such as Sony, whose shares rose after it projected stronger gaming profits and outlying cost control measures. |
| 2:28.9 | And in case you missed it, Inspire Brands, the owner of Duncan, Jimmy Johns, and Buffalo Wild Wings filed confidentially |
| 2:36.3 | for an initial public offering. According to a statement on Friday, the number of shares to be |
... |
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