Market awaits impact of VP Kamala Harris’ presidential run
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 22 July 2024
⏱️ 5 minutes
🧾️ Download transcript
Summary
Episode transcripts seekingalpha.com/wsb.
Show links:
Biggest stock movers today: RYAAY, CRWD, and more
Kamala Harris' potential impact on health care stocks
Quick service restaurants face disgruntled consumers and nervous investors
SA Asks: Which chip companies could weather an attack on Taiwan?
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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. |
| 0:08.0 | Good morning. Today is Monday, July 22nd. I'm Julie Morgan. Stock futures are in the green following the |
| 0:15.5 | Biden Harris twist. Goodyear is selling part of its business and Woodside |
| 0:21.0 | Energy is buying Tellurian. |
| 0:24.0 | Stock Index futures gained a little ground in early trading Monday following President Joe Biden |
| 0:30.0 | withdrawing from the presidential race. |
| 0:32.0 | S&P 500 futures are up 0.4%, |
| 0:36.3 | NASDAQ futures are up 0.5%, |
| 0:39.6 | and Dow futures are up 0.1%. The broader market is coming off its worst week since April. |
| 0:47.0 | Rates ticked lower following a surprise cut in rates in China. The 10-year Treasury yields fell |
| 0:52.3 | one basis point to 4.23 percent. |
| 0:55.8 | The People's Bank of China cut its 7-day reverse repo rate to 1.7 from 1.8 percent, as well as as its 1 year loan prime rate to 3.35 from 3.45% and 5 year rate to 3.85 from 3.85 from 3.95 percent. |
| 1:13.7 | The dollar was slightly lower against the euro and the yen. |
| 1:17.6 | You heard here Sunday on Wall Street brunch with Kim Khan that Biden pulled out of the race |
| 1:22.3 | Sunday afternoon and endorsed Vice President |
| 1:25.0 | Kamala Harris for the Democratic nomination. |
| 1:27.9 | She has yet to receive a nod from former President Obama but has picked up the endorsement of other high-profile |
| 1:34.4 | Democrats. Bitcoin, which trades 24 hours, fell before the Biden decision, was |
| 1:40.1 | official and sank close to 2% after the announcement, but it has recovered and is up 0.4% |
| 1:47.8 | at $67,000. |
| 1:50.9 | T.S. Lombard says this Biden Harris twist should not have much of an impact on markets for now. |
| 1:57.8 | You can read all about it in the Wall Street Breakfast newsletter. |
... |
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