Valentines Day strike disruption
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 12 February 2024
⏱️ 6 minutes
🧾️ Download transcript
Summary
Show Notes
After Meta debuts a dividend, Goldman does the math if big names follow suit
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action news and analysis. |
| 0:09.0 | Good afternoon. Today is Monday, February 12th, and I'm your host Kim Khan. Our top story so far. |
| 0:15.8 | Uber and lift drivers are planning to stop driving across major US and Canadian cities on Valentine's Day |
| 0:21.1 | to protest declining pay, driver safety, and deactivations. |
| 0:26.2 | Drivers in 20 cities including San Francisco, Dallas, Chicago, Boston, Phoenix, Atlanta, |
| 0:31.5 | Toronto, and Vancouver are planning to halt all drive-hailing services |
| 0:35.1 | for the entire day, typically one of the busiest for the industry. |
| 0:38.9 | Additionally, Wideshare Drivers United is planning a gathering outside Uber's Green Light Hub. |
| 0:44.0 | The Advocacy Group hopes to bring attention to declining fares that have made ride-hailing less profitable |
| 0:48.5 | for drivers. |
| 0:49.9 | According to Business Insider, drivers have blamed the rollout of up-front fares and high driver supply |
| 0:54.7 | for reduced pay and are asking for greater transparency as to how their pay is calculated. |
| 0:59.8 | Meanwhile, a Waimo-Robo-Robo taxi was vandalized and set ablaze in San Francisco's Chinatown District |
| 1:05.1 | Saturday night, the alphabet unit and authorities said, in one of the biggest attacks on a self-driving |
| 1:10.0 | car amid growing safety concerns over such vehicles. A crowd had surrounded the white SUV, broke its windows, and threw fireworks inside the vehicle. |
| 1:18.0 | In today's trading, after a cautious start, the major averages are gaining some traction. |
| 1:23.8 | Tech buyers are added again. |
| 1:25.4 | Notable winners are armed holdings up 30% and up 75% in three sessions. |
| 1:30.9 | Super microcomputer, a seeking alpha Pick, is up another 8% and is up more than 160% since |
| 1:37.7 | it's January 17th low. |
| 1:40.0 | Evercore ISI strategist Julian Emanuel says the foundations of FOMO are rebuilding in the market. |
| 1:46.6 | Gen AI and Goldilocks have catalyzed momentum-driven equities gains. |
... |
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