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Wall Street Breakfast

The Week Ahead: Jobs Report, New NBA Deal

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8950 Ratings

🗓️ 5 March 2023

⏱️ 10 minutes

🧾️ Download transcript

Summary

The February U.S. jobs report could mean interest rates will be raised more than expected. The NBA is rolling toward a new multiyear deal for rights to its games, putting pressure on ESPN (NYSE:DIS) and Turner (NASDAQ:WBD). Tesla's (NASDAQ:TSLA) bid to be the world's largest automaker could get a boost from its new massive Mexico Gigafactory.

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Twitter: https://twitter.com/WallStBreakfast

Show Links:

Stocks to Watch: https://seekingalpha.com/article/4584452-stocks-to-watch-jobs-report-drama-could-flip-the-script-for-investors

Catalyst Watch: https://seekingalpha.com/news/3944067-catalyst-watch-general-electric-apple-chevron-black-knight-and-ethereum-in-the-spotlight

NBA Seeks New Rightsholder: https://seekingalpha.com/news/3944191-espn-turner-and-media-names-get-ready-to-pay-dearly-in-new-nba-deal

Tesla’s new Mexico factory: https://seekingalpha.com/news/3943819-teslas-bid-to-be-the-worlds-largest-automaker-could-get-a-boost-from-huge-mexico-gigafactory

Transcript

Click on a timestamp to play from that location

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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