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Wall Street Breakfast

Futures rise, oil drops

Wall Street Breakfast

Seeking Alpha

Business News, News, Business, Investing

4.11K Ratings

🗓️ 26 May 2026

⏱️ 3 minutes

🧾️ Download transcript

Summary

Stock futures rise on hopes of U.S.-Iran conflict resolution. (00:14) Uber (UBER) weighs higher bid for Delivery Hero (DLVHF) after €11.5B offer rebuffed, FT reports. (01:08) Wix (WIX) set to ax a fifth of staff in post-earnings shockwave. (01:40)

Episode transcripts seekingalpha.com/wsb.

Show links: 

Biggest stock movers Tuesday: Space stocks and more
Don’t believe the GDPNow hype
Taiwan overtakes India as world's fifth-largest stock market as TSMC surges
China limits overseas travel for top AI talent at Alibaba, DeepSeek: report

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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 have you here on this Tuesday, the 26th of May. I'm Julie Morgan.

0:14.4

Stock index features are higher as investors assess the possibility of a resolution in the U.S.-Iran conflict, despite fresh

0:22.4

strikes by Washington. S&P 500 futures advanced 0.6% to 7520, while NASDAQ 100 futures gained 0.6% to 29-674.

0:35.7

Dow futures are up 0.47%. U.S. forces carried out what they described as

0:41.9

self-defense strikes in southern Iran early Tuesday, with U.S. Central Command stating that the

0:47.7

operation was intended to protect our troops from threats posed by Iranian forces. Crude oil

0:54.1

is down 3.9% at $92. Bitcoin is down 0.9% at 76,000.

1:02.9

Gold is down 1.1% at 4517. Wix is set to slash about 1,000 jobs in the coming months or approximately 20% of its workforce.

1:15.1

If this happens, it would be the largest layoff in its history.

1:18.7

This information is coming from multiple Israeli media outlets.

1:23.1

The reports come just a week after the website building company missed heavily on Q1 earnings,

1:28.9

leading shares to lose a third of their value in the subsequent session. This was more bad

1:34.3

news for Wix whose stock is down nearly 50% since the beginning of the year. Uber's board met on

1:41.8

Saturday to discuss raising its offer for delivery hero after a major

1:46.8

shareholder rebuffed Uber's bid. The current bid would value the German food delivery group at

1:52.5

over $11.5 billion or $13.39 billion. Delivery hero confirmed on Saturday it had received a takeover offer from Uber,

2:03.2

valuing the company at 33 euros per share. Now for a look at a few other articles that are

2:09.7

trending. Don't believe the GDP now hype. Taiwan overtakes India as the world's fifth largest stock

2:17.1

market as TSM surges, and China reportedly

2:21.0

limits overseas travel for top AI talent at Alibaba and Deepseek. Space and satellite stocks are on

2:29.2

our list of the biggest movers of the day pre-market. The stocks rallied as investor enthusiasm for the sector

...

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