3.8 • 950 Ratings
🗓️ 5 March 2023
⏱️ 10 minutes
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0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover top news for investors every morning. |
0:07.6 | Good morning. Today is Sunday March 5th. Welcome to this edition of Wall Street Breakfast, I'm Lauren Izo. |
0:14.0 | Coming up on today's show, the February U.S. jobs report could mean interest rates will |
0:19.2 | be raised more than expected. |
0:21.6 | The NBA is rolling toward a new multi-year deal for rights to its games, putting |
0:26.3 | pressure on ESPN and Turner. And Tesla's bid to be the world's largest automaker could get a boost from its new massive Mexico |
0:35.4 | gigafactory. |
0:37.1 | But first, before we get to our top stories, let's take a look at what's expected in the markets |
0:42.0 | this week. |
0:43.0 | The jobs report could be the biggest talking point of the week |
0:47.0 | after Federal Reserve Governor Christopher Waller warned interest rates |
0:51.0 | may have to be raised more than expected if economic data comes in hot. |
0:56.1 | Investors will also be paying close attention to Treasury yields, |
1:00.0 | especially the 10-year Treasury note after its flirtation with the 4% level. |
1:05.0 | On the political front, the White House is expected to release a proposed budget on March 9th. |
1:11.0 | The proposal could have implications for some defense stocks depending on the |
1:15.4 | funding levels that are eventually worked out with Congress. |
1:19.2 | Meanwhile earnings reports will slow down quite a bit in the week ahead, although updates from Dix's sporting goods |
1:25.2 | and Oracle could rattle their respective sectors. The calendar next week also includes a large |
1:31.2 | number of corporate events with the potential to move share prices. |
1:35.6 | Apple's annual meeting, a General Electric event, and Mattel's Investor Day are some of the headliners. |
1:45.0 | Now let's get to our top stories. The February jobs report could be extremely significant |
... |
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