3.8 • 950 Ratings
🗓️ 5 April 2022
⏱️ 9 minutes
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0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, your daily source of market news and analysis. |
0:05.0 | Subscribe to this podcast on Apple Podcast, Spotify or Stitcher. |
0:10.4 | Good morning. Today is Tuesday, April 5th, and I'm your host, Rina Schirbel. Our top stories today. |
0:17.0 | U.S. Treasury halts Russian bond payments, analyzing recent rally, and Neo takes battery swapping to Europe. |
0:24.0 | Leading today's news, ratcheting up further pressure on Moscow, |
0:28.0 | the US Treasury has stopped the Russian government |
0:30.0 | from making debt payments via the dollar reserves it holds in American bank accounts. |
0:35.0 | As a result, the Kremlin will be forced to use up dollar reserves held in its own country, |
0:40.0 | spend new revenues, or go into default. |
0:42.9 | Russia is already not able to access international borrowing markets |
0:46.5 | due to Western sanctions, while a default would further prohibit it |
0:50.2 | from accessing those markets until creditors are fully repaid and lawsuits |
0:54.6 | settled. The United Nations Security Council will meet Tuesday to |
0:59.3 | discuss Russia's alleged war crimes in Buka. President Zelinsky will address the Council as he as So this is only one town, one of many Ukrainian communities which the Russian forces managed to capture. U.S. stock markets have notched an impressive rally since mid-March with the three major Indices sailing out of |
1:23.4 | correction territory in under two weeks. The Nasdek pushed higher on |
1:27.2 | Monday climbing 2% on sentiment surrounding Elon Musk's big stake in |
1:31.5 | Twitter. Bulls argue that companies will continue to |
1:34.4 | deliver bumper profits despite the Fed's rate hiking cycle, while so-called |
1:38.6 | meme stocks are recording big increases in options activity. |
1:43.0 | That has caused some analysts to rethink their takes on the market. |
1:46.5 | Bank of America analysts said, |
1:48.6 | Over the last two weeks, the S&P has produced one of its sharpest rallies in history, larger than the biggest 10-day |
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