3.8 • 950 Ratings
🗓️ 22 May 2025
⏱️ 5 minutes
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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 | Thanks for joining us on this Thursday, May 22nd, also known as Bitcoin Pizza Day. I'm Julie Morgan. |
0:16.0 | Could Fannie and Freddie go public, Nike's Amazon comeback and a fiber deal for AT&T. President Trump said he is |
0:24.7 | giving very serious consideration to bringing mortgage finance firms Fannie Mae and Freddie Mac |
0:30.7 | public and will decide on the matter in the near future. He posted on Truth Social that Fannie Mae |
0:36.7 | and Freddie Mac are doing very well, |
0:39.1 | throwing off a lot of cash, and the time would seem to be right. Stay tuned. He said he would |
0:44.7 | discuss the matter with the Treasury Secretary, the Commerce Secretary, and the director of the |
0:50.1 | Federal Housing Finance Agency. Fannie Mae and Freddie Mac were created by Congress to expand the |
0:56.1 | secondary mortgage market. They buy mortgages from private lenders pull them and sell them as mortgage-backed |
1:02.7 | securities. Fannie Mae's total assets stood at $4.35 trillion as of March 31st, and those of Freddie |
1:10.4 | Mac totaled nearly $3.41 trillion. |
1:14.1 | Nike will once again sell its products directly on Amazon in the U.S. |
1:19.2 | According to media reports, this will mark its first return to the platform since 2019 |
1:24.4 | when it shifted focus to sales on its own websites and in stores. |
1:29.3 | The information reported citing a message sent to merchants by the company that Amazon |
1:34.2 | notified some of those merchants that it will ban them from selling certain Nike products |
1:39.4 | starting July 19th as it was working directly with Nike. |
1:43.7 | Nike is also set to raise prices |
1:45.7 | before June 1st on some products due to tariffs. According to front office sports, sources |
1:51.7 | indicate prices on footwear currently between $100 and $150 will see price increases up to $5. |
1:59.4 | And footwear above $150 will cost up to $10 more. |
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