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Wall Street Breakfast

Oil market in focus after Iran attack on Israel

Wall Street Breakfast

Seeking Alpha

Business News, News, Business, Investing

4.11K Ratings

🗓️ 14 April 2024

⏱️ 5 minutes

🧾️ Download transcript

Summary

Further conflict could boost oil prices and keep U.S. inflation high. (0:16) Netflix highlights earnings this week. (2:57) Piper Sandler picks Triple Select Stocks. (3:30)

Show Notes
The Federal Reserve Needs To Raise Interest Rates By A Quarter Point

Episode transcripts seekingalpha.com/wsb
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Transcript

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0:00.0

Welcome to Seeking Alpha's Wall Street brunch, our Sunday look ahead to this week's market moving events,

0:11.1

along with the weekend's top news and analysis.

0:14.0

Hello, today is Sunday April 14th, and I'm your host, Kim Khan.

0:18.0

Geo politics will be top of mind for the markets this week, following the missile and drone attacks by Iran on Israel. Stocks in Israel shared

0:24.8

resilience, the Tel Aviv benchmark TA-35 was 0.3% on Sunday.

0:30.3

An attack from Iran was anticipated, IBI chief economist Rafi Goslin told the Times of Israel.

0:35.0

Investors now in wait and see position to see how Israel will respond to the Iranian attack

0:40.0

and whether it stays a tit-for-tat situation or develops into a wider regional

0:44.0

escalation. U.S. President Joe Biden condemned the attacks but also told Israel

0:48.6

Prime Minister Benjamin Netanyahu that the U.S. would not support a counterattack according to Axias. Oil prices are likely to be

0:55.8

the most volatile, depending on how Israel and the West respond. UBS analyst Giovanni Stavano said,

1:01.9

oil prices might spike in the opening, as this is the first time

1:05.0

Iran struck Israel from its own territory.

1:07.5

How long any bounce will last will also depend on the Israeli response.

1:11.6

President Biden facing potential voter backlash of gas prices rise

1:14.8

during an election year, said he called for a meeting among the leaders of the group of

1:18.3

seven major economies on Sunday to form a diplomatic response to the Iranian attack.

1:23.0

Mark Zamny, chief economist at Moody's Analytics, says,

1:27.0

Iran's attack and Israel's pending response

1:29.0

poses a serious threat to the economy,

1:31.0

mostly through oil prices.

1:33.0

Last Friday, oil was 85 to 90 dollars per barrel,

...

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