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Wall Street Breakfast

Giga Turkey?

Wall Street Breakfast

Seeking Alpha

Business News, News, Business, Investing

4.11K Ratings

🗓️ 18 September 2023

⏱️ 7 minutes

🧾️ Download transcript

Summary

Erdogan calls on Elon Musk to build Tesla (TSLA) factory in Turkey. (00:23) Retail wars: TikTok hopes to crash holiday sales party. (01:35) U.S. home purchases scrapped at highest rate in 10 months - Redfin. (02:45)

Episode transcripts seekingalpha.com/wsb.
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Show links:
Alibaba plans to invest $2B in Turkey - report
Biggest stock movers today: Nikola and Alteryx
Federal Reserve expected to keep rate unchanged — then what?
UAW strike: White House team to reach Detroit this week; Stellantis offer rejected
Ferrari and Puma renew their partnership

Transcript

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0:00.0

Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning.

0:07.0

Good morning. Today is Monday, September 18th, and I'm your host Julie Morgan.

0:12.0

New Investments in Turkey.

0:14.0

Tik-Tok is hoping to crash the holiday sales party

0:17.5

and thousands of home purchase agreements canceled due to high interest rates.

0:22.0

Turkish President Erdogan has... canceled due to high interest rates.

0:23.0

Turkish President Erdogan has called on Tesla CEO Elon Musk to build a new factory in Turkey

0:29.5

during a meeting at Turkish House in New York.

0:32.2

According to Turkey's industry and technology minister

0:35.4

who attended the meeting,

0:36.7

Musk said Turkish suppliers are currently working with Tesla

0:40.7

and the country will be among the top candidates for a Tesla investment.

0:44.8

Erdogan and Musk also discuss Turkey's artificial intelligence strategy

0:49.5

and the potential cooperation between SpaceX and Turkey's space program.

0:55.0

Musk said SpaceX plans to seek a license to offer Starlink in Turkey.

1:00.6

Erdogan is in New York for the United Nations General Assembly's annual meeting this week.

1:05.8

And while we're on the topic of Turkey, Ali Baba plans to invest $2 billion in Turkey. This report from Reuters citing comments made by

1:14.6

Alibaba's president Michael Evans in a meeting with Turkish president Erdogan.

1:19.5

Bloomberg News reported that Evans did not provide detailed information about the investment calendar,

1:26.0

but did share details about new investments, such as a data and logistics center and an export operations center in Turkey.

1:34.0

Tik-Toc is reportedly making a strong effort to boost its new online marketplace

1:40.0

through heavy discounting through the

...

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