Wall Street Breakfast August 1: First Grain Ship Leaves Ukraine Since Start of the Russian Invasion

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8 • 950 Ratings

🗓️ 1 August 2022

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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Summary

First grain ship leaves Ukraine since start of the Russian invasion. Home price growth slows at record pace in June, Black Knight says. Musk countersues Twitter over $44B deal in a sealed filing. Nasdaq, S&P, and Dow futures point lower to start August trading after a rally in July. Catch today’s WSB article here.

Transcript

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0:00.0	Welcome to Seeking Alpha's Wall Street breakfast, your daily source of market news and analysis.
0:06.8	Subscribe to this podcast on Apple Podcast, Spotify or Stitcher.
0:11.3	Good morning. Today is Monday, August 1st, and I'm your host Julie Morgan.
0:15.7	Our top stories, Grain, Home Prices, and Twitter, and Later, CoinFlex, Moderna, and Boeing.
0:24.3	Caping off a strong July after the dismal first half of the year,
0:27.9	the stock market finished sharply higher on Friday.
0:30.9	Nine of the 11 S&P sectors finished with gains. Energy and consumer
0:35.0	discretionary led the upswing, both notching gains of more than 4.5%. Consumer staples
0:41.2	and health care ended fractionally lower.
0:43.7	Rates were volatile during the session.
0:45.8	The 10-year Treasury yield dipped two basis points to 2.66 percent
0:50.2	and the two-year yield rose four basis points to 2.92 percent.
0:55.0	Ahead of the opening bell today, Dow S&P and NASDAQ futures are pointing just a little bit lower.
1:01.0	The Dow is down 16 points, The S&P is down 5 points and the
1:05.6	Nasdack is down 8 points. We'll take another look at futures as well as crude oil
1:10.9	and the world markets in just a few minutes.
1:15.0	In the earnings spotlight today, Builders First Source, Avis Budget, Activition Blizzard,
1:20.7	Pinterest, and Simon Properties.
1:24.3	In our day watch, Alibaba shares fell more than 11% Friday as the U.S. Securities and Exchange
1:30.4	Commission placed the company on a list for those at risk of being
1:33.6	delisted from US stock markets. At issue is Beijing not allowing US
1:38.2	regulators to review the work of Ali Baba's auditors and those of other Chinese tech companies. The US law gives
	...

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