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Wall Street Breakfast

Naval task force; Japanese takeover

Wall Street Breakfast

Seeking Alpha

Business News, News, Business, Investing

4.11K Ratings

🗓️ 19 December 2023

⏱️ 11 minutes

🧾️ Download transcript

Summary

U.S. forms naval taskforce to protect ships in Red Sea (1:32) Google to pay $700 million to settle Play Store lawsuit (2:30) and Japanese takeover of iconic U.S. Steel sees bipartisan opposition (3:42).

Episode transcripts: seekingalpha.com/wsb

Show Notes:
Japanese takeover of iconic U.S. Steel sees bipartisan opposition
Google to pay $700 million to settle Play Store lawsuit
Houthi threat: U.S. forms naval taskforce to protect ships in Red Sea

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Transcript

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0:00.0

Good morning. Today is Tuesday, December 19th, and I'm your host for today,

0:09.7

Rina Sherbal, filling in for Julie Morgan for the next couple of days.

0:13.8

Our top stories today, U.S. Forms Naval Task Force to protect ships in the Red Sea.

0:19.5

Google set to pay 700 million dollars to settle play Store lawsuit and Japanese takeover of iconic US steel seized

0:27.1

bipartisan opposition. On Monday all three major indexes ended higher as

0:31.7

investors continue to anticipate lower interest rates next year, despite

0:35.8

conflicting views from policy makers such as New York Fed President John Williams and

0:40.4

Atlanta Fed President Raphael Bostick.

0:43.0

Stock futures were little changed on Tuesday after the major averages, extended gains in the last session

0:48.8

as Fed officials attempt to rein in bets for earlier and deeper than expected rate cuts next year.

0:54.8

Noting some of Tuesday's biggest stockmovers, shares in innate pharma were up over 16 percent

1:01.0

after it announced licensing of a fourth natural killer cell

1:04.4

engager in oncology to Sinofi. Cypher mining extended its gains

1:09.5

rising by 11.5% in early trading on Tuesday following a 17% surge on Monday.

1:16.0

One of the biggest losers today was Bluebird Bio whose shares fell over 15% following

1:20.9

the commencement of an underwritten public offering of

1:23.4

150 million of shares of its common stock. Our top stories today. The US and

1:29.6

other countries have formed a naval task force to protect commercial vessels traveling

1:34.1

through the Red Sea from Huthy rebel attacks.

1:37.1

The escalating attacks have damaged ships and threatened crew safety, forcing shipping companies

1:41.8

to stop their vessels from entering the Bob

1:43.7

Almonde Strait until security improves. The Strait which connects the Red Sea to the

...

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