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Wall Street Breakfast

Israel–Iran ceasefire in question

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8950 Ratings

🗓️ 24 June 2025

⏱️ 6 minutes

🧾️ Download transcript

Summary

The Israel-Iran ceasefire seems to falter. (00:25) Starbucks (SBUX) reportedly denies plans to sell China operations amid market speculation. (01:16) Walmart (WMT) stretches its summer deals event out to six days. (02:04)

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.

0:08.0

Thanks for joining us on this Tuesday, June 24th. I'm Julie Morgan.

0:13.5

Is there or isn't there a ceasefire between Israel and Iran?

0:18.4

Starbucks denies a China exit, and Walmart tries to one-up Amazon in the summer sales

0:23.8

showdown. We begin with a developing story. Despite a ceasefire agreement, the Israel defense forces

0:31.3

that Iran has continued as missile strikes on Israel. But according to media reports,

0:36.6

Iranian officials deny that they fired on Israel. But according to media reports, Iranian officials deny that they fired

0:39.2

on Israel. Israel's defense minister said he has instructed the military to respond forcefully to

0:45.4

Iran's violation of the ceasefire with high intensity strikes against targets in the heart of

0:50.8

Tehran. President Trump wrote in a truth social post published around

0:54.9

1.30 this morning that the ceasefire is now in effect. Please do not violate it. According to a

1:01.7

first post report that cites White House officials, the ceasefire was brokered by Trump through talks

1:07.5

with Israeli Prime Minister Benjamin Netanyahu while his team, including Vice President J.D. Vance, held talks with Israeli Prime Minister Benjamin Netanyahu, while his team, including Vice President J.D. Vance, held talks with Tehran.

1:16.8

Starbucks has denied it is considering a full sell of its China business, pushing back against a report that boosted its shares in late trading on Monday.

1:26.2

A company spokesperson told Reuters, quote,

1:28.9

I can confirm Starbucks is not currently considering a full sell of its China operations, end quote.

1:35.8

The coffee chain is currently facing intensified competition from lower price local rivals

1:41.2

in its second largest market. Earlier this month, Starbucks launched its first

1:45.9

ever price drop in China, lowering the price of some non-coffee ice drinks by an average of

1:51.8

5 U.N. Reuters reported in February that KKR, Fountain Vest Partners, and PAG are among

1:58.6

buyout firms interested in acquiring a stake in Starbucks China

2:02.6

business. Instead of four, what about six? We told you last week that Amazon's next prime event

...

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