Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

Good morning. Today is Friday, November 29th. I'm Julie Morgan.

What if you could trade nearly 24 hours a day? We have an update on that Australia social media legislation, and now that Black Friday is here,

which consumer stocks have the highest quant rating on Seeking Alpha?

The New York Stock Exchange and NASDAQ are watching closely as the SEC approved the first U.S.

Stock Exchange that would operate during most hours of every weekday.

The 24X National Exchange is backed by hedge fund billionaire Steve Cohen.

The newly approved exchange would operate 23 hours daily, including a break from 7 p.m. to 8 p.m.

and five full days a week from Sunday evening to Friday evening. The exchange intends to

launch in stages starting in the second half of 2025. This particular article has 141 comments on

seeking Alpha thus far. Tell me, what's your opinion? Now we have an update to a story we brought you last week here on Wall Street Breakfast.

Australia has passed legislation that would ban children younger than 16 from accessing

platforms like TikTok, Facebook, and Instagram, Snapchat, Reddit, and X.

The law will make platforms responsible for not taking reasonable steps in preventing

kids from holding social media accounts. Any systematic failures can result in millions of dollars

and fines and exemptions would not be granted for pre-existing accounts or cases of parental consent.

The Australian government is trialing an age verification system to determine how best to enforce

the social media ban, along with a digital duty of care by providers.

Under consideration are biometrics and government identification, as well as other technologies

like age inference and estimation.

Social media companies will have one year to determine how to implement the ban before facing any penalties.

But of course there are exceptions.

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