Regional bank worries drag futures lower
Wall Street Breakfast
Seeking Alpha
3.8 • 950 Ratings
🗓️ 17 October 2025
⏱️ 5 minutes
🧾️ Download transcript
Summary
Episode transcripts seekingalpha.com/wsb.
Show links:
Take the Quiz: Investment News Quiz - Friday, Oct. 17
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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 with us on this Friday, October 17th. I'm Julie Morgan. |
| 0:13.8 | A rough start to the trading day. Trump takes aim at Ozympics price tag, and Ford recalls over half a million vehicles. |
| 0:22.8 | We're starting the show off this morning with a check of futures, which are in the red on |
| 0:26.8 | this Friday, as traders grow concerned about the health of regional banks. |
| 0:31.5 | S&P 500 futures are down 1%, NASDAQ 100 futures down 1.2%, and Dow futures are down 3 quarters of 1%. 1%. Nasdaq 100 futures down 1.2%. And Dow futures are down 3 quarters of 1%. Wall Street's major |
| 0:42.4 | averages also close lower on Thursday. Bank stocks are also on our biggest movers list this morning. The list |
| 0:49.5 | typically includes gainers and losers. We have all losers at this early hour. |
| 0:54.7 | Deutsche Bank's Peter Siderov said an initially positive risk mood turned during the U.S. session |
| 1:00.3 | yesterday after news that Zion's bank made a $50 million charge off while Western Alliance |
| 1:06.5 | alleged it also suffered from fraud on loans to the same borrowers. |
| 1:11.4 | He went on to say that while this was an ostensibly isolated story at two banks, |
| 1:16.8 | each with less than $10 billion market cap, |
| 1:19.6 | the event drew inevitable comparisons to the regional bank stress that followed the collapse of |
| 1:24.8 | SVB in March of 2023. |
| 1:27.6 | This is the topic of today's edition of the Wall Street Breakfast newsletter. |
| 1:31.6 | A link to sign up for the newsletter is in the show notes section. |
| 1:35.2 | The working title of today's edition of the newsletter is Bank Credit Cockroaches, |
| 1:40.1 | which refers to the comments made by J.P. Morgan Chase CEO Jamie Diamond. |
| 1:46.1 | Novo Nordisk is down more than 4% in early trading after President Trump said on Thursday |
| 1:51.8 | that the price of the company's top-selling weight loss medication would be reduced. |
| 1:57.1 | Trump made those comments during a White House event on fertility treatments and drug pricing. |
... |
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