Markets pop on peace hopes
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 8 April 2026
⏱️ 5 minutes
🧾️ Download transcript
Summary
Episode transcripts seekingalpha.com/wsb.
Show links:
Biggest stock movers Wednesday: LEVI, SHEL, and more
Iran, Oman to charge fees for Hormuz transit during ceasefire - report
Shipowners eye escape for 800 vessels as Hormuz reopening looms
More departures at The Trade Desk as three execs depart -- 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 be with you on this Wednesday, the 8th of April. I'm Julie Morgan. |
| 0:13.8 | Stock index futures are higher. President Trump agreed to suspend the bombing of Iran for two weeks, |
| 0:20.5 | subject to the opening of the Strait of Hormuz. As of the bombing of Iran for two weeks, subject to the opening of the |
| 0:21.8 | Strait of Hormuz. As of the time of this recording, S&P 500 futures jumped 2.7%, NASDAQ futures soared 3.4 |
| 0:31.1 | percent, and Dow futures advanced 2.4%. Of course, everyone has an eye on oil. Crude oil is down 15% to $95, and Brent crude is down 13% at $94. |
| 0:44.7 | In the world markets, the Futsi 100 is up 2.3% and the tax is up 4.7%. Trump said the U.S. has received a 10-point proposal from Iran, and it is a |
| 0:57.8 | workable basis on which to negotiate. According to a statement from Iran shared by President Trump |
| 1:03.8 | on truth social, the minister of foreign affairs said if attacks are halted, they will cease their |
| 1:09.5 | defensive operations. It goes on to say |
| 1:12.4 | that safe passage through the strait is possible if it is coordinated with Iran's armed forces. |
| 1:19.8 | GoPro is restructuring its business to lower operating costs and improve leverage. This includes |
| 1:26.1 | a workforce reduction of about 145 employees or roughly 23% |
| 1:31.5 | of its staff. The job cuts will take place in Q2 and are expected to be substantially completed |
| 1:37.8 | by the end of this year. As a result of severance payments and health care benefits, GoPro expects |
| 1:44.0 | to incur a charge of between $11.5 and $15 million. |
| 1:48.4 | The reorganization comes as the company struggled to earn a profit over the past two years, most recently reporting a loss of $2.2 per share on the lack of any meaningful revenue growth. |
| 1:59.8 | GoPro's shares are down 48% so far this year, |
| 2:03.7 | underperforming the S&P 500 by 44 percentage points. A massive fire at a Kimberly Clark warehouse in |
| 2:11.7 | Southern California put pressure on shares on Tuesday. KBM closed Tuesday, 4% lower, but there's somewhat of a reversal happening |
| 2:20.6 | so far in pre-market action. KBM is up 2%. According to the fire department, the flames grew |
| 2:27.9 | exponentially at the 1.2 million square foot facility, resulting in the roof collapsing and |
... |
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