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Wall Street Breakfast

Markets shake as Israel strikes Iran

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8950 Ratings

🗓️ 13 June 2025

⏱️ 5 minutes

🧾️ Download transcript

Summary

Stock index futures slide as Israel attacks Iran. (00:18) Kenvue (KVUE) considering selling some skin, beauty brands - report. (01:29) Frito-Lay (PEP) shutting down production at Southern California plant. (02:05) 

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

Good morning. Today is Friday, June 13th. I'm Julie Morgan. Markets rattle. Can View Isatrim and Frito Lay pulls back.

0:18.4

We're following escalating tensions in the Middle East. Israel has targeted Iran with a series of

0:24.5

strikes against nuclear sites and military targets. Iran has retaliated by launching over 100

0:31.1

drones at Israel overnight, sharply raising the risk of a full-scale war in the Middle East.

0:37.6

The news has sent stock futures sliding more than 1%

0:40.9

while oil prices are surging 7%.

0:44.2

Prime Minister Benjamin Netanyahu says the operation could last many days

0:49.3

and was aimed at rolling back the Iranian threat to Israel's very survival.

0:54.2

Secretary of State Marco Rubio said in a statement that Israel informed the U.S.

0:59.2

that the strikes are being done for self-defense.

1:02.2

He added that his top priority is protecting American forces in the region

1:06.5

and that the U.S. is not involved in the operation against Iran.

1:10.3

The State Department on Wednesday ordered the departure of non-emergency U.S. is not involved in the operation against Iran.

1:16.2

The State Department on Wednesday ordered the departure of non-emergency U.S. government personnel due to heightened regional tensions in the Middle East.

1:20.1

The U.S. has permanent military bases in Iraq, Saudi Arabia, Jordan, Kuwait, Egypt, Qatar, Bahrain, and the UAE.

1:29.4

Kenview is weighing the sale of some of its skin health and beauty brands.

1:33.7

Reuters reported citing sources that clean and clear, Maui moisture, and Neostrata are among

1:39.4

the brands potentially being considered.

1:42.1

B.B., a German baby care brand and also another Japanese brand could

1:46.3

also be included. Nutragina and Avino are two of the larger brands in Kenview's portfolio,

1:52.8

and they are not under consideration. Sources told Reuters that the brands that could be sold

...

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