Markets wait on Powell's next words
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 22 August 2025
⏱️ 6 minutes
🧾️ Download transcript
Summary
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 | It's good to have you here on this Friday, August 22nd. I'm Julie Morgan. |
| 0:13.3 | Our top stories this morning. The spotlight is on Jackson Hole today. Meta turns to Google for AI support, and Cracker Barrel's redesign rattles investors. |
| 0:25.3 | 10 a.m. Eastern Time, Friday, August 22nd. It's a day in time that has been circled and read on the |
| 0:31.6 | calendar or marked as important for some time, and its importance has only increased over the past couple of weeks. |
| 0:38.7 | Federal Reserve Chair Jerome Powell is set to speak at Jackson Hole this morning. |
| 0:43.6 | We spoke to seeking alpha analyst Leo Nellison about the market's reaction ahead of Powell's speech. |
| 0:49.2 | He said the market is nervous, which is no surprise, as no major money manager is willing to put new money to work ahead of Powell's speech. |
| 0:57.4 | He went on to say it's hard to disagree with that, as a September rate cut may not be so obvious after all. |
| 1:04.2 | Nellison added that soft economic data continues to point to higher inflation, and even a cyclical growth rebound is in the cards according |
| 1:12.5 | to market PMI numbers. He went on to say that while none of this is bad news for the economy, |
| 1:19.0 | it's bad news for investors who had prices in a series of rate cuts. For now, it seems higher for |
| 1:25.2 | longer is in the cards, making further easing financial conditions unlikely. |
| 1:30.8 | Scott Gam of Strategy Voice Associates stated that stock valuations are very elevated right now |
| 1:36.9 | heading into Jackson Hole, and investors have very high expectations that Powell will hint at a |
| 1:43.3 | September rate cut. He goes on to say that |
| 1:46.3 | anything short of that could push investors to take some chips off of the table, especially given |
| 1:51.7 | lighter August trading volume and a reluctance for risk heading into a weekend. But whatever |
| 1:57.6 | Powell has planned for his speech will be ready. Be sure to check out Seeking Alpha for post-speech analysis. |
| 2:04.6 | Now it's time to talk about a deal between longtime competitors in the online advertising space that are choosing to cooperate in the AI infrastructure space. |
| 2:14.4 | Meta Platforms has signed a major six-year cloud computing deal with Google valued at over |
| 2:19.9 | $10 billion. According to a report by the information, the deal calls for Meta to use Google's |
... |
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