The Everything Rally: Earnings Season Begins With A Bang

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 15 October 2021

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

DB-Oct 14,2021: With markets rallying across the board, Bank of America and Citigroup both reported stronger-than-expected results as the economy continues to improve. However, labor shortages persist. Thousands of workers at Deere & Co. went on strike Thursday for the first time in more than three decades to demand better pay. Even Domino’s is hurt by a worker shortage. Jack Farley and Ash Bennington together examine the market environment. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3veeEIn Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Welcome to the Reel Vision Podcast Network.
0:12.4	Welcome to the Reel Vision Daily Briefing.
0:13.9	It's Thursday, October 14, 2021.
0:17.0	I'm Ash Bennington joined today by our own Jack Farley.
0:21.6	Lots to talk about earnings come in hotter than expected.
0:25.9	Bank stocks are surging and there's talk again,
0:29.1	a chatter more data about shortage in the labor market.
0:32.5	Jack Farley, welcome back.
0:34.4	Great to be here, Ash.
0:36.9	Great to have you as always, Jack.
0:38.8	What are you looking at right now?
0:40.8	Well, I think it would have to be earnings season began in full on Monday.
0:47.1	And since then, I think something like 20 companies have reported and all
0:51.2	but two of them have posted earnings beats.
0:54.4	That's the actual earnings per share is higher than the number.
0:58.0	A few standouts today, excuse me, Walgreens was up six percent because it
1:04.6	absolutely blew it out of the water.
1:06.7	Delta Airlines is actually making money now again, if you can believe it.
1:11.0	The big banks are reporting what on the surface are great numbers.
1:15.2	All big beats, huge record revenues, record net incomes.
1:19.0	But there is some stuff beneath the surface like slowing loan growth that I don't like in particular.
1:25.8	Oh, I mean, I guess today's in everything rally, Ash, you know, the S&P.
	...

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