Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning.

Good morning. Today is Wednesday, August 2nd, and I'm your host Julie Morgan.

The U.S. credit rating has been downgraded.

Tele dock lost ground Tuesday following the Amazon Clinic expansion

and the takeover of Man You has been paused.

Here's what's making headlines today. Fitch ratings

downgraded on Tuesday the United States long-term rating to

AA plus from AAA reflecting expected fiscal deterioration, a growing debt burden, and the erosion of governance related to its peers.

The Fitch rating now aligns with the S&P Global ratings which cut its rating for the US in 2011 after a

government standoff over debt.

The credit ratings firm took the US's long-term foreign currency issuer default rating off of rating watch negative

and assigned a stable outlook. Fitch placed the rating on watch negative in May

when Congress was caught in a struggle over the debt ceiling.

Fitch said the repeated debt limit political standoffs and last minute resolutions have eroded confidence in fiscal management.

Treasury Secretary Janet Yellen said she strongly disagrees with the

ratings decision saying that Fitch uses outdated data.

Tele-Doc health closed down nearly 7% on Tuesday, the same day that Amazon.com said that the Amazon clinic is now available in all 50 states.

Pre-market T-doc is down more than 3%.

Amazon Clinic is a virtual health service that launched in November of 2022.

Prior to Tuesday, visits were available via online messaging in 34 states.

Video visits are now available in all 50 states.

Amazon.com has been pushing further into health care.

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